Home Depot (NYSE:HD) Price Target Raised to $357.00

Home Depot (NYSE:HD) had its price target lifted by Sanford C. Bernstein from $344.00 to $357.00 in a research note published on Tuesday,Benzinga reports. Sanford C. Bernstein currently has a market perform rating on the home improvement retailer’s stock.

A number of other equities research analysts also recently weighed in on HD. Wells Fargo & Company raised their target price on shares of Home Depot from $360.00 to $400.00 and gave the company an “overweight” rating in a research note on Tuesday, August 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Home Depot in a research report on Friday, October 2nd. TD Cowen reissued a “buy” rating on shares of Home Depot in a research note on Monday, August 10th. Guggenheim reissued a “buy” rating and issued a $425.00 price target on shares of Home Depot in a report on Wednesday, August 19th. Finally, Argus reissued a “buy” rating and issued a $400.00 price target on shares of Home Depot in a report on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and a consensus target price of $375.90.

Home Depot Price Performance

Home Depot stock opened at $348.07 on Tuesday. Home Depot has a 52 week low of $277.15 and a 52 week high of $397.63. The business has a 50-day simple moving average of $311.57 and a 200 day simple moving average of $333.42. The company has a quick ratio of 0.31, a current ratio of 1.08 and a debt-to-equity ratio of 2.64. The stock has a market cap of $347.27 billion, a price-to-earnings ratio of 23.72, a PEG ratio of 2.60 and a beta of 0.93.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share for the quarter, topping analysts’ consensus estimates of $4.73 by $0.19. The business had revenue of $47.86 billion for the quarter, compared to analyst estimates of $47.24 billion. Home Depot had a return on equity of 106.42% and a net margin of 8.41%. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the company earned $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, research analysts forecast that Home Depot will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Thursday, September 3rd were issued a dividend of $2.33 per share. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Thursday, September 3rd. Home Depot’s dividend payout ratio (DPR) is currently 65.22%.

Insider Transactions at Home Depot

In related news, CAO Kimberly Scardino sold 675 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $305.95, for a total value of $206,516.25. Following the completion of the sale, the chief accounting officer owned 8,189 shares in the company, valued at $2,505,424.55. The trade was a 7.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Teresa Roseborough sold 2,455 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $328.77, for a total value of $807,130.35. Following the completion of the sale, the executive vice president directly owned 14,061 shares of the company’s stock, valued at approximately $4,622,834.97. This represents a 14.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 9,829 shares of company stock valued at $3,339,314. 0.08% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Home Depot

Hedge funds have recently made changes to their positions in the business. Zeit Capital LLC purchased a new stake in Home Depot during the second quarter valued at about $26,000. Principia Wealth Advisory LLC grew its stake in shares of Home Depot by 60.4% during the second quarter. Principia Wealth Advisory LLC now owns 85 shares of the home improvement retailer’s stock valued at $30,000 after buying an additional 32 shares during the last quarter. Navigoe LLC purchased a new position in shares of Home Depot in the second quarter worth about $32,000. Gould Capital LLC increased its holdings in shares of Home Depot by 58.7% in the first quarter. Gould Capital LLC now owns 100 shares of the home improvement retailer’s stock worth $33,000 after buying an additional 37 shares during the period. Finally, Next Level Wealth Planning LLC purchased a new position in shares of Home Depot in the third quarter worth about $28,000. 70.86% of the stock is currently owned by institutional investors.

More Home Depot News

Investors following HD have been watching these news items:

• Positive Sentiment: Home Depot’s expanding Pro business, digital sales growth and ongoing investments are cited as growth drivers. One report also highlights the company among retailers with a strong probability of beating earnings expectations, though no results have been reported yet. Home Depot Stock Rallies 20% in a Month: Is It Still a Buy? Retail stocks with earnings-beat potential
• Positive Sentiment: Analyst support includes Sanford C. Bernstein’s expectation that HD shares will rise and Bank of America Securities’ continued Buy rating. Bernstein analyst expects HD shares to rise Bank of America maintains Buy rating
• Neutral Sentiment: Pre-earnings coverage focuses on analyst estimates for Home Depot’s October-quarter results and key metrics, but the articles provide no reported figures; the upcoming release may be an important catalyst. Analyst projections for Home Depot Q3 earnings

Home Depot Company Profile

The Home Depot, Inc. is a home improvement retailer serving do-it-yourself customers, professional contractors and other businesses. The company sells building materials, tools, hardware, appliances, paint, flooring, and products for home maintenance, repair and renovation, as well as lawn and garden supplies. In addition to its retail stores and online channels, Home Depot offers services such as product delivery, equipment rental and home improvement installation. The company was founded in 1978 and is headquartered in Atlanta, Georgia.