Stifel Nicolaus Issues Pessimistic Forecast for Home Depot (NYSE:HD) Stock Price

Home Depot (NYSE:HD) had its price objective lowered by analysts at Stifel Nicolaus from $370.00 to $350.00 in a report issued on Monday,MarketScreener reports. The firm currently has a “hold” rating on the home improvement retailer’s stock. Stifel Nicolaus’ price target suggests a potential downside of 1.55% from the stock’s current price.

A number of other analysts have also weighed in on HD. Robert W. Baird decreased their target price on shares of Home Depot from $450.00 to $415.00 and set an “outperform” rating on the stock in a report on Wednesday, November 19th. Zacks Research lowered shares of Home Depot from a “hold” rating to a “strong sell” rating in a research report on Thursday. TD Cowen lowered their price objective on Home Depot from $470.00 to $410.00 and set a “buy” rating on the stock in a research report on Wednesday, November 19th. KGI Securities lowered Home Depot from an “outperform” rating to a “hold” rating and set a $320.00 price objective for the company. in a research note on Wednesday, November 19th. Finally, Truist Financial set a $379.00 target price on Home Depot in a research report on Tuesday, November 18th. Twenty-two investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $403.93.

Home Depot Trading Down 0.4%

NYSE HD opened at $355.51 on Monday. The business’s fifty day moving average is $378.59 and its 200-day moving average is $380.64. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.34. The stock has a market capitalization of $353.91 billion, a price-to-earnings ratio of 24.11, a PEG ratio of 3.59 and a beta of 1.00. Home Depot has a one year low of $326.31 and a one year high of $436.36.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 EPS for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.09). The company had revenue of $41.35 billion during the quarter, compared to the consensus estimate of $41.06 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period last year, the firm posted $3.78 EPS. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. Equities research analysts predict that Home Depot will post 15.13 EPS for the current year.

Insider Activity at Home Depot

In other news, EVP William D. Bastek sold 2,303 shares of Home Depot stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $423.12, for a total value of $974,445.36. Following the sale, the executive vice president directly owned 24,235 shares in the company, valued at approximately $10,254,313.20. This trade represents a 8.68% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Parvin Asset Management LLC grew its stake in Home Depot by 110.0% in the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock valued at $26,000 after purchasing an additional 33 shares during the last quarter. Legend Financial Advisors Inc. acquired a new position in shares of Home Depot during the second quarter worth $28,000. Sagard Holdings Management Inc. acquired a new position in Home Depot during the 2nd quarter valued at about $29,000. Financially Speaking Inc purchased a new stake in Home Depot in the third quarter valued at about $31,000. Finally, LFA Lugano Financial Advisors SA acquired a new position in shares of Home Depot during the second quarter valued at about $32,000. 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.