Home Depot (NYSE:HD) Given New $440.00 Price Target at Mizuho

Home Depot (NYSE:HD) had its price target hoisted by research analysts at Mizuho from $435.00 to $440.00 in a report issued on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the home improvement retailer’s stock. Mizuho’s target price would indicate a potential upside of 8.48% from the stock’s current price.

Several other equities research analysts have also recently commented on the company. Stifel Nicolaus lifted their price objective on Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a report on Monday. Truist Financial raised their price target on shares of Home Depot from $455.00 to $459.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Wells Fargo & Company boosted their price objective on shares of Home Depot from $400.00 to $430.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Loop Capital upgraded shares of Home Depot from a “hold” rating to a “buy” rating and raised their target price for the stock from $360.00 to $460.00 in a report on Wednesday, October 9th. Finally, Sanford C. Bernstein assumed coverage on shares of Home Depot in a research report on Tuesday, October 22nd. They issued a “market perform” rating and a $451.00 target price for the company. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have issued a buy rating to the stock. According to data from MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus target price of $426.00.

Home Depot Stock Down 1.1 %

Shares of Home Depot stock opened at $405.60 on Wednesday. The company has a 50-day simple moving average of $397.67 and a two-hundred day simple moving average of $365.56. The stock has a market capitalization of $402.88 billion, a PE ratio of 27.56, a price-to-earnings-growth ratio of 2.79 and a beta of 1.01. Home Depot has a 52-week low of $302.34 and a 52-week high of $421.56. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.33 and a current ratio of 1.13.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, topping analysts’ consensus estimates of $3.64 by $0.14. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The company had revenue of $40.22 billion during the quarter, compared to analyst estimates of $39.31 billion. During the same period in the previous year, the business earned $3.81 EPS. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. On average, analysts anticipate that Home Depot will post 14.99 EPS for the current fiscal year.

Institutional Trading of Home Depot

Several institutional investors have recently made changes to their positions in the business. WFA Asset Management Corp increased its holdings in shares of Home Depot by 10.7% in the first quarter. WFA Asset Management Corp now owns 1,394 shares of the home improvement retailer’s stock worth $535,000 after purchasing an additional 135 shares during the last quarter. China Universal Asset Management Co. Ltd. raised its holdings in shares of Home Depot by 5.8% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 11,421 shares of the home improvement retailer’s stock worth $4,381,000 after acquiring an additional 623 shares in the last quarter. Brighton Jones LLC boosted its position in shares of Home Depot by 1.3% during the 1st quarter. Brighton Jones LLC now owns 22,321 shares of the home improvement retailer’s stock valued at $8,562,000 after acquiring an additional 286 shares during the last quarter. Great Lakes Retirement Inc. grew its holdings in shares of Home Depot by 1.3% in the first quarter. Great Lakes Retirement Inc. now owns 5,498 shares of the home improvement retailer’s stock valued at $2,109,000 after purchasing an additional 73 shares in the last quarter. Finally, GM Advisory Group LLC increased its position in Home Depot by 1.8% in the first quarter. GM Advisory Group LLC now owns 5,169 shares of the home improvement retailer’s stock worth $1,983,000 after purchasing an additional 93 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

About Home Depot

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.