Telsey Advisory Group Reaffirms Market Perform Rating for Home Depot (NYSE:HD)

Home Depot (NYSE:HD - Get Free Report)'s stock had its "market perform" rating reaffirmed by research analysts at Telsey Advisory Group in a research note issued on Tuesday, Benzinga reports. They currently have a $360.00 target price on the home improvement retailer's stock. Telsey Advisory Group's target price would indicate a potential upside of 5.66% from the stock's previous close.

Other research analysts have also issued reports about the stock. The Goldman Sachs Group boosted their price target on shares of Home Depot from $347.00 to $393.00 and gave the stock a "buy" rating in a research note on Tuesday, February 13th. Truist Financial restated a "buy" rating and issued a $417.00 price target on shares of Home Depot in a research note on Wednesday, April 17th. Piper Sandler raised Home Depot from a "neutral" rating to an "overweight" rating and raised their target price for the company from $311.00 to $400.00 in a report on Tuesday, January 16th. Bank of America upped their price target on shares of Home Depot from $400.00 to $425.00 and gave the stock a "buy" rating in a research note on Monday, April 1st. Finally, Wedbush raised their price objective on shares of Home Depot from $380.00 to $410.00 and gave the company an "outperform" rating in a research note on Monday, April 1st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, Home Depot currently has an average rating of "Moderate Buy" and an average target price of $375.19.

Home Depot Stock Down 0.5 %

NYSE:HD traded down $1.58 during midday trading on Tuesday, hitting $340.71. 2,930,173 shares of the company were exchanged, compared to its average volume of 3,345,272. The company has a current ratio of 1.35, a quick ratio of 0.40 and a debt-to-equity ratio of 40.94. Home Depot has a fifty-two week low of $274.26 and a fifty-two week high of $396.87. The company has a market capitalization of $337.65 billion, a PE ratio of 22.56, a price-to-earnings-growth ratio of 2.28 and a beta of 1.01. The company has a fifty day simple moving average of $360.47 and a 200 day simple moving average of $343.54.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, beating analysts' consensus estimates of $2.77 by $0.05. The company had revenue of $34.79 billion during the quarter, compared to analysts' expectations of $34.64 billion. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The firm's revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.30 earnings per share. As a group, equities analysts anticipate that Home Depot will post 15.37 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total value of $13,265,887.81. Following the completion of the transaction, the chief executive officer now owns 107,731 shares of the company's stock, valued at $39,712,878.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Edward P. Decker sold 35,987 shares of the company's stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total value of $13,265,887.81. Following the sale, the chief executive officer now directly owns 107,731 shares of the company's stock, valued at $39,712,878.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Timothy A. Hourigan sold 8,996 shares of the company's stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the completion of the sale, the executive vice president now owns 75,799 shares in the company, valued at approximately $27,950,123.26. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by company insiders.

Institutional Trading of Home Depot

A number of institutional investors and hedge funds have recently modified their holdings of HD. Congress Wealth Management LLC DE lifted its stake in Home Depot by 3.7% in the third quarter. Congress Wealth Management LLC DE now owns 88,444 shares of the home improvement retailer's stock valued at $26,725,000 after buying an additional 3,162 shares during the last quarter. Hartline Investment Corp lifted its position in Home Depot by 3.0% in the 4th quarter. Hartline Investment Corp now owns 15,574 shares of the home improvement retailer's stock valued at $5,397,000 after purchasing an additional 460 shares during the last quarter. Wolf Group Capital Advisors boosted its stake in Home Depot by 6.1% during the 4th quarter. Wolf Group Capital Advisors now owns 7,513 shares of the home improvement retailer's stock valued at $2,604,000 after purchasing an additional 430 shares during the period. Alliance Wealth Management Group bought a new position in Home Depot in the 4th quarter worth about $253,000. Finally, Psagot Value Holdings Ltd. Israel raised its holdings in shares of Home Depot by 8.0% during the third quarter. Psagot Value Holdings Ltd. Israel now owns 2,700 shares of the home improvement retailer's stock valued at $819,000 after buying an additional 200 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

About Home Depot

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.