DZ Bank Reiterates Sell Rating for Home Depot (NYSE:HD)

Home Depot (NYSE:HD)‘s stock had its “sell” rating reissued by equities research analysts at DZ Bank in a note issued to investors on Tuesday,MarketScreener Latest Ratings reports.

Other equities research analysts have also issued reports about the stock. Truist Financial lowered their price target on shares of Home Depot from $454.00 to $421.00 and set a “buy” rating for the company in a report on Friday, November 7th. Morgan Stanley lifted their target price on Home Depot from $415.00 to $430.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 20th. JPMorgan Chase & Co. dropped their price target on Home Depot from $452.00 to $444.00 and set an “overweight” rating on the stock in a research report on Monday, November 10th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Home Depot in a report on Thursday. Finally, Gordon Haskett reduced their price target on shares of Home Depot from $400.00 to $345.00 in a research report on Monday, November 10th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $430.52.

Home Depot Trading Down 6.0%

Home Depot stock traded down $21.49 during trading on Tuesday, reaching $336.55. The company had a trading volume of 8,886,377 shares, compared to its average volume of 3,523,391. Home Depot has a 12-month low of $326.31 and a 12-month high of $439.37. The stock’s 50 day moving average price is $391.91 and its two-hundred day moving average price is $382.00. The firm has a market capitalization of $334.99 billion, a price-to-earnings ratio of 22.86, a PEG ratio of 3.59 and a beta of 1.00. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, November 18th. The home improvement retailer reported $3.74 EPS for the quarter, missing analysts’ consensus estimates of $3.84 by ($0.10). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The firm had revenue of $41.35 billion during the quarter, compared to analysts’ expectations of $41.06 billion. During the same quarter last year, the business earned $3.78 earnings per share. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. As a group, equities analysts expect that Home Depot will post 15.13 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Teresa Wynn Roseborough sold 5,483 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $413.23, for a total value of $2,265,740.09. Following the completion of the transaction, the executive vice president directly owned 16,057 shares in the company, valued at $6,635,234.11. This trade represents a 25.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Richard V. Mcphail sold 3,369 shares of the firm’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $403.66, for a total transaction of $1,359,930.54. Following the transaction, the chief financial officer owned 45,455 shares in the company, valued at $18,348,365.30. This represents a 6.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 48,835 shares of company stock worth $19,623,432 in the last 90 days. 0.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of HD. Centerpoint Advisory Group grew its stake in shares of Home Depot by 0.8% in the 2nd quarter. Centerpoint Advisory Group now owns 3,163 shares of the home improvement retailer’s stock worth $1,160,000 after purchasing an additional 26 shares during the last quarter. Disciplined Investors L.L.C. boosted its holdings in Home Depot by 2.3% during the second quarter. Disciplined Investors L.L.C. now owns 1,178 shares of the home improvement retailer’s stock worth $432,000 after buying an additional 26 shares in the last quarter. Brio Consultants LLC grew its position in Home Depot by 4.7% in the second quarter. Brio Consultants LLC now owns 574 shares of the home improvement retailer’s stock worth $210,000 after buying an additional 26 shares during the last quarter. Emprise Bank increased its holdings in shares of Home Depot by 0.8% in the third quarter. Emprise Bank now owns 3,135 shares of the home improvement retailer’s stock valued at $1,270,000 after buying an additional 26 shares in the last quarter. Finally, Stegent Equity Advisors Inc. lifted its position in shares of Home Depot by 2.7% during the 3rd quarter. Stegent Equity Advisors Inc. now owns 1,006 shares of the home improvement retailer’s stock valued at $408,000 after acquiring an additional 26 shares during 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.