18 analysts have expressed a variety of opinions on Home Depot HD over the past quarter, offering a diverse set of opinions from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 6 | 7 | 4 | 1 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 4 | 3 | 3 | 1 | 0 |
| 2M Ago | 0 | 3 | 0 | 0 | 0 |
| 3M Ago | 2 | 0 | 1 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for Home Depot, presenting an average target of $379.17, a high estimate of $440.00, and a low estimate of $323.00. This current average reflects an increase of 9.23% from the previous average price target of $347.12.
Exploring Analyst Ratings: An In-Depth Overview
The perception of Home Depot by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Max Rakhlenko | TD Cowen | Raises | Outperform | $440.00 | $415.00 |
| Steven Shemesh | RBC Capital | Raises | Sector Perform | $377.00 | $299.00 |
| Steven Forbes | Guggenheim | Raises | Buy | $390.00 | $370.00 |
| Steven Zaccone | Citigroup | Raises | Buy | $415.00 | $333.00 |
| Scot Ciccarelli | Truist Securities | Lowers | Buy | $386.00 | $387.00 |
| Seth Basham | Wedbush | Maintains | Outperform | $380.00 | - |
| Daniela Bretthauer | HSBC | Announces | Reduce | $323.00 | - |
| John Baugh | Stifel | Raises | Hold | $366.00 | $355.00 |
| Joseph Feldman | Telsey Advisory Group | Raises | Market Perform | $335.00 | $325.00 |
| Peter Benedict | Baird | Maintains | Outperform | $370.00 | $370.00 |
| Zachary Fadem | Wells Fargo | Raises | Overweight | $400.00 | $385.00 |
| Kate McShane | Goldman Sachs | Raises | Buy | $393.00 | $347.00 |
| Peter Keith | Piper Sandler | Raises | Overweight | $400.00 | $311.00 |
| Seth Basham | Wedbush | Raises | Outperform | $380.00 | $330.00 |
| Seth Sigman | Barclays | Raises | Overweight | $372.00 | $325.00 |
| Scot Ciccarelli | Truist Securities | Raises | Buy | $387.00 | $356.00 |
| John Baugh | Stifel | Raises | Hold | $355.00 | $306.00 |
| Scot Ciccarelli | Truist Securities | Raises | Buy | $356.00 | $340.00 |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Home Depot. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Home Depot compared to the broader market.
- Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Home Depot's stock. This examination reveals shifts in analysts' expectations over time.
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Home Depot's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
Stay up to date on Home Depot analyst ratings.
About Home Depot
Home Depot is the world's largest home improvement specialty retailer, operating more than 2,300 warehouse-format stores offering more than 30,000 products in store and 1 million products online in the United States, Canada, and Mexico. Its stores offer numerous building materials, home improvement products, lawn and garden products, and decor products and provide various services, including home improvement installation services and tool and equipment rentals. The acquisition of distributor Interline Brands in 2015 allowed Home Depot to enter the maintenance, repair, and operations business, which has been expanded through the tie-up with HD Supply (2020). Moreover, the additions of the Company Store brought textile exposure to the lineup, while Redi Carpet added multifamily flooring.
Unraveling the Financial Story of Home Depot
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
Revenue Growth: Home Depot's revenue growth over a period of 3 months has faced challenges. As of 31 January, 2024, the company experienced a revenue decline of approximately -7.75%. This indicates a decrease in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Consumer Discretionary sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 8.05%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Home Depot's ROE excels beyond industry benchmarks, reaching 226.43%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Home Depot's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 3.68% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Home Depot's debt-to-equity ratio surpasses industry norms, standing at 50.04. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
The Core of Analyst Ratings: What Every Investor Should Know
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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