Home Depot (NYSE:HD) Stock Price Expected to Rise, Mizuho Analyst Says

Home Depot (NYSE:HD) had its price objective increased by investment analysts at Mizuho from $435.00 to $440.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the home improvement retailer’s stock. Mizuho’s price objective points to a potential upside of 8.48% from the stock’s previous close.

HD has been the subject of a number of other reports. Piper Sandler boosted their price target on shares of Home Depot from $387.00 to $455.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. TD Cowen boosted their target price on Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Guggenheim lifted their price target on Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Sanford C. Bernstein started coverage on Home Depot in a report on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 price objective for the company. Finally, Gordon Haskett upgraded shares of Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price objective on the stock in a research report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $426.00.

Home Depot Stock Down 1.1 %

Home Depot stock opened at $405.60 on Wednesday. The firm has a 50 day simple moving average of $397.67 and a 200 day simple moving average of $365.56. The company has a current ratio of 1.13, a quick ratio of 0.33 and a debt-to-equity ratio of 8.65. Home Depot has a 1-year low of $302.34 and a 1-year high of $421.56. The firm has a market capitalization of $402.88 billion, a price-to-earnings ratio of 27.56, a P/E/G ratio of 2.79 and a beta of 1.01.

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

Hedge Funds Weigh In On Home Depot

Several hedge funds and other institutional investors have recently modified their holdings of HD. Fairway Wealth LLC purchased a new stake in shares of Home Depot in the 2nd quarter worth about $25,000. Kings Path Partners LLC purchased a new stake in Home Depot in the second quarter worth about $33,000. Denver PWM LLC bought a new position in shares of Home Depot during the second quarter valued at approximately $40,000. Livelsberger Financial Advisory purchased a new position in shares of Home Depot during the third quarter valued at approximately $46,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in shares of Home Depot in the 2nd quarter worth approximately $47,000. Hedge funds and other 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.