The price of Home Depot, Inc. (NYSE:HD) shares last traded on Wall Street fell -0.57% to $306.44.
Based on available information, 38 analysts follow Home Depot, Inc. (NYSE:HD). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $371.00 and a low of $242.00, we find $331.50. Given the previous closing price of $308.19, this indicates a potential upside of 7.56 percent. HD stock price is now 2.32% away from the 50-day moving average and 0.79% away from the 200-day moving average. The market capitalization of the company currently stands at $306.46B.
Among analysts, 16 rate the stock a hold while 17 rate it a buy. Brokers who have rated the stock have averaged $330.73 as their price target over the next twelve months.
With the price target of $303, RBC Capital Mkts recently initiated with Sector Perform rating for Home Depot, Inc. (NYSE: HD).
In other news, McPhail Richard V, EVP & CFO sold 2,000 shares of the company’s stock on Sep 01. The stock was sold for $664,520 at an average price of $332.26. Upon completion of the transaction, the EVP & CFO now directly owns 37,048 shares in the company, valued at $11.35 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 24, EVP – Human Resources Hourigan Timothy A. sold 12,120 shares of the business’s stock. A total of $3,943,848 was realized by selling the stock at an average price of $325.40. This leaves the insider owning 73,049 shares of the company worth $22.39 million. Insiders disposed of 84,426 shares of company stock worth roughly $25.87 million over the past 1 year. A total of 0.25% of the company’s stock is owned by insiders.
A candlestick chart of Home Depot, Inc. (NYSE: HD) showed a price of $305.88 on Thursday morning. During the past 12 months, Home Depot, Inc. has had a low of $274.26 and a high of $347.25. As of last week, the company has a debt-to-equity ratio of 34.44, a current ratio of 1.30, and a quick ratio of 0.33. According to the stock market information, the enterprise value for the company is $355.41B, which is based on a 19.67 price-to-earnings ratio, a 6.15 price-to-earnings-growth ratio, and a beta of 0.94. The fifty day moving average price for HD is $299.05 and a two-hundred day moving average price translates $303.92 for the stock.
The latest earnings results from Home Depot, Inc. (NYSE: HD) was released for Oct, 2023. According to the Home Improvement Retail Company, earnings per share came in at $3.5, beating analysts’ expectations of $3.46 by 0.04. This compares to $5.05 EPS in the same period last year. The net profit margin was 10.22% and return on equity was 1151.32% for HD. The company reported revenue of $42.92 billion for the quarter, compared to $43.79 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.0 percent. For the current quarter, analysts expect HD to generate $31.82B in revenue.
Home Depot, Inc.(HD) Company Profile
The Home Depot, Inc. operates as a home improvement retailer. 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. In addition, it provides tool and equipment rental services. The company primarily serves homeowners; and professional renovators/remodelers, general contractors, maintenance professionals, handymen, property managers, and building service contractors, as well as specialty tradesmen, such as electricians, plumbers, and painters. It also sells its products through websites, including homedepot.com; homedepot.ca and homedepot.com.mx; blinds.com, an online site for custom window coverings; and thecompanystore.com, an online site for textiles and décor products, as well as through The Home Depot stores. The Home Depot, Inc. was incorporated in 1978 and is based in Atlanta, Georgia.