Home Depot (NYSE:HD) Price Target Lowered to $437.00 at Truist Financial

Home Depot (NYSE:HD) had its price target decreased by equities researchers at Truist Financial from $467.00 to $437.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the home improvement retailer’s stock. Truist Financial’s price objective indicates a potential upside of 11.05% from the company’s previous close.

A number of other research firms have also recently issued reports on HD. Evercore ISI lifted their target price on Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Mizuho raised their price target on Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Bank of America upped their price objective on shares of Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Stifel Nicolaus raised their target price on shares of Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Finally, Wells Fargo & Company upped their price target on shares of Home Depot from $440.00 to $450.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. Eight equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to data from MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and an average price target of $435.92.

Home Depot Trading Up 2.9 %

NYSE HD opened at $393.52 on Wednesday. Home Depot has a 12 month low of $323.77 and a 12 month high of $439.37. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The stock has a 50 day moving average of $401.23 and a 200-day moving average of $398.48. The company has a market cap of $390.90 billion, a PE ratio of 26.73, a PEG ratio of 4.03 and a beta of 1.05.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 EPS for the quarter, beating analysts’ consensus estimates of $3.04 by $0.09. The company had revenue of $39.70 billion during the quarter, compared to the consensus estimate of $39.15 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The company’s quarterly revenue was up 14.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.82 EPS. On average, equities research analysts anticipate that Home Depot will post 15.13 EPS for the current fiscal year.

Hedge Funds Weigh In On Home Depot

Several hedge funds and other institutional investors have recently modified their holdings of the business. Synergy Asset Management LLC bought a new position in Home Depot in the fourth quarter valued at about $26,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Home Depot in the 4th quarter valued at approximately $28,000. Navigoe LLC acquired a new stake in shares of Home Depot in the 4th quarter valued at approximately $29,000. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of Home Depot during the 4th quarter valued at approximately $32,000. Finally, Quarry LP increased its position in Home Depot by 220.0% during the 4th quarter. Quarry LP now owns 96 shares of the home improvement retailer’s stock worth $37,000 after purchasing an additional 66 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Home Depot Company Profile

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.