Home Depot (NYSE:HD) Price Target Lowered to $418.00 at Piper Sandler

Home Depot (NYSE:HD) had its target price dropped by equities researchers at Piper Sandler from $435.00 to $418.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the home improvement retailer’s stock. Piper Sandler’s price objective points to a potential upside of 18.71% from the stock’s current price.

HD has been the subject of several other reports. Hsbc Global Res raised Home Depot from a “moderate sell” rating to a “hold” rating in a report on Wednesday, February 26th. Telsey Advisory Group reissued an “outperform” rating and set a $455.00 target price on shares of Home Depot in a report on Wednesday, February 26th. Wells Fargo & Company upped their price target on shares of Home Depot from $440.00 to $450.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. JPMorgan Chase & Co. raised their price target on shares of Home Depot from $450.00 to $475.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Finally, KGI Securities raised shares of Home Depot to a “strong-buy” rating in a report on Monday, March 3rd. Nine investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus price target of $435.85.

Home Depot Trading Down 1.0 %

HD stock opened at $352.12 on Monday. Home Depot has a one year low of $323.77 and a one year high of $439.37. The stock has a market cap of $349.78 billion, a price-to-earnings ratio of 23.92, a price-to-earnings-growth ratio of 4.03 and a beta of 1.09. The company has a fifty day moving average price of $393.97 and a two-hundred day moving average price of $399.14. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 EPS for the quarter, topping the consensus estimate of $3.04 by $0.09. The business had revenue of $39.70 billion during the quarter, compared to the consensus estimate of $39.15 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. Home Depot’s revenue was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.82 EPS. Equities analysts anticipate that Home Depot will post 15.13 EPS for the current year.

Hedge Funds Weigh In On Home Depot

A number of hedge funds have recently bought and sold shares of the company. Mascagni Wealth Management Inc. bought a new stake in Home Depot in the fourth quarter worth approximately $172,000. Prostatis Group LLC increased its stake in shares of Home Depot by 4.5% in the 4th quarter. Prostatis Group LLC now owns 5,891 shares of the home improvement retailer’s stock valued at $2,291,000 after acquiring an additional 255 shares in the last quarter. Nestegg Advisors Inc. acquired a new position in shares of Home Depot during the 4th quarter valued at $665,000. M1 Capital Management LLC bought a new position in Home Depot during the fourth quarter worth $358,000. Finally, DSG Capital Advisors LLC bought a new position in Home Depot during the fourth quarter worth $3,133,000. 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.