Home Depot (NYSE:HD) Price Target Lowered to $415.00 at Evercore

Home Depot (NYSE:HD) had its price target dropped by equities research analysts at Evercore from $425.00 to $415.00 in a note issued to investors on Tuesday,MarketScreener reports. The firm presently has an “outperform” rating on the home improvement retailer’s stock. Evercore’s target price would indicate a potential upside of 25.22% from the company’s current price.

Other equities analysts have also issued research reports about the stock. The Goldman Sachs Group decreased their price objective on shares of Home Depot from $413.00 to $409.00 in a research note on Wednesday, February 25th. Gordon Haskett increased their target price on Home Depot from $330.00 to $370.00 and gave the company a “hold” rating in a report on Wednesday, February 11th. Daiwa Securities Group raised their target price on Home Depot from $360.00 to $390.00 and gave the stock a “neutral” rating in a research report on Thursday, February 26th. Sanford C. Bernstein upped their price target on Home Depot from $381.00 to $390.00 and gave the company a “market perform” rating in a research report on Wednesday, February 25th. Finally, Piper Sandler reduced their price objective on Home Depot from $441.00 to $422.00 and set an “overweight” rating for the company in a research note on Monday, February 23rd. Twenty research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and a consensus price target of $414.17.

Home Depot Trading Up 0.8%

HD traded up $2.54 during trading on Tuesday, reaching $331.43. The company had a trading volume of 912,122 shares, compared to its average volume of 4,261,555. The firm’s 50-day simple moving average is $364.57 and its 200 day simple moving average is $369.31. The company has a debt-to-equity ratio of 3.62, a quick ratio of 0.26 and a current ratio of 1.06. The company has a market cap of $330.11 billion, a price-to-earnings ratio of 23.30, a PEG ratio of 3.53 and a beta of 1.09. Home Depot has a 12-month low of $320.26 and a 12-month high of $426.75.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, February 24th. The home improvement retailer reported $2.72 EPS for the quarter, beating analysts’ consensus estimates of $2.52 by $0.20. The company had revenue of $38.20 billion during the quarter, compared to analyst estimates of $38.01 billion. Home Depot had a net margin of 8.60% and a return on equity of 134.32%. The business’s quarterly revenue was down 3.8% on a year-over-year basis. During the same period in the prior year, the firm earned $3.13 earnings per share. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. Equities research analysts anticipate that Home Depot will post 15.13 earnings per share for the current year.

Insider Activity

In related news, CFO Richard V. Mcphail sold 2,550 shares of the stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $368.89, for a total transaction of $940,669.50. Following the completion of the sale, the chief financial officer directly owned 44,566 shares in the company, valued at approximately $16,439,951.74. This trade represents a 5.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On Home Depot

Hedge funds and other institutional investors have recently made changes to their positions in the company. Advocate Investing Services LLC acquired a new stake in Home Depot in the 4th quarter valued at approximately $25,000. Parvin Asset Management LLC lifted its holdings in shares of Home Depot by 110.0% during the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $26,000 after buying an additional 33 shares during the last quarter. Key Capital Management INC bought a new stake in shares of Home Depot in the fourth quarter valued at approximately $28,000. Sagard Holdings Management Inc. acquired a new stake in shares of Home Depot in the second quarter worth $29,000. Finally, Abound Financial LLC acquired a new stake in shares of Home Depot in the fourth quarter worth $29,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

About Home Depot

The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.