Piper Sandler Lowers Home Depot (NYSE:HD) Price Target to $435.00

Home Depot (NYSE:HD) had its price objective decreased by stock analysts at Piper Sandler from $455.00 to $435.00 in a report released on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the home improvement retailer’s stock. Piper Sandler’s target price points to a potential upside of 11.41% from the company’s previous close.

Other equities analysts also recently issued research reports about the company. Telsey Advisory Group reaffirmed an “outperform” rating and set a $455.00 price target on shares of Home Depot in a research report on Wednesday. Wedbush restated an “outperform” rating and issued a $440.00 price objective on shares of Home Depot in a research note on Wednesday. JPMorgan Chase & Co. raised their target price on shares of Home Depot from $450.00 to $475.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Mizuho boosted their price target on Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Finally, Barclays boosted their price objective on shares of Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Nine investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $436.50.

Home Depot Stock Down 0.0 %

Shares of NYSE HD opened at $390.44 on Wednesday. Home Depot has a 52-week low of $323.77 and a 52-week high of $439.37. The stock has a market cap of $387.85 billion, a P/E ratio of 26.52, a P/E/G ratio of 4.03 and a beta of 1.05. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The firm has a 50 day moving average price of $401.27 and a 200 day moving average price of $398.37.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, beating the consensus estimate of $3.04 by $0.09. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business had revenue of $39.70 billion for the quarter, compared to analysts’ expectations of $39.15 billion. During the same quarter in the previous year, the business posted $2.82 EPS. Home Depot’s revenue for the quarter was up 14.1% on a year-over-year basis. Analysts expect that Home Depot will post 15.13 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Fidelity D & D Bancorp Inc. increased its position in shares of Home Depot by 18.3% during the fourth quarter. Fidelity D & D Bancorp Inc. now owns 1,127 shares of the home improvement retailer’s stock worth $438,000 after buying an additional 174 shares during the period. Brucke Financial Inc. bought a new stake in Home Depot in the 4th quarter valued at about $1,255,000. ABLE Financial Group LLC increased its holdings in shares of Home Depot by 16.0% during the fourth quarter. ABLE Financial Group LLC now owns 6,575 shares of the home improvement retailer’s stock valued at $2,558,000 after acquiring an additional 908 shares in the last quarter. Bernard Wealth Management Corp. acquired a new position in Home Depot during the fourth quarter worth $1,904,000. Finally, XY Planning Network Inc. acquired a new stake in shares of Home Depot in the 4th quarter worth about $373,000. 70.86% of the stock is owned by institutional investors and hedge funds.

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.