Analysts' ratings for Home Depot HD over the last quarter vary from bullish to bearish, as provided by 17 analysts.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 5 | 8 | 3 | 1 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 1 | 1 | 1 | 0 | 0 |
| 2M Ago | 4 | 3 | 2 | 1 | 0 |
| 3M Ago | 0 | 3 | 0 | 0 | 0 |
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $386.0, a high estimate of $440.00, and a low estimate of $323.00. Witnessing a positive shift, the current average has risen by 8.91% from the previous average price target of $354.43.
Diving into Analyst Ratings: An In-Depth Exploration
A clear picture of Home Depot's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Greg Melich | Evercore ISI Group | Raises | Outperform | $420.00 | $410.00 |
| David Bellinger | Mizuho | Announces | Buy | $415.00 | - |
| 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 |
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 assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Home Depot compared to the broader market.
- Price Targets: Gaining insights, analysts provide estimates for the future value of Home Depot's stock. This comparison reveals trends in analysts' expectations over time.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Home Depot's market standing. Stay informed and make well-considered decisions with our Ratings Table.
Stay up to date on Home Depot analyst ratings.
Discovering Home Depot: A Closer Look
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.
Key Indicators: Home Depot's Financial Health
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
Revenue Challenges: Home Depot's revenue growth over 3 months faced difficulties. As of 31 January, 2024, the company experienced a decline of approximately -2.92%. This indicates a decrease in top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher 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): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 226.43%, the company showcases effective utilization of 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 stands notably higher than the industry average, reaching 50.04. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
Understanding the Relevance of Analyst Ratings
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
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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