Home Depot HD has been analyzed by 22 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 9 | 7 | 4 | 2 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 4 | 4 | 2 | 1 | 0 |
| 3M Ago | 4 | 3 | 2 | 1 | 0 |
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $392.09, a high estimate of $425.00, and a low estimate of $318.00. Highlighting a 0.99% decrease, the current average has fallen from the previous average price target of $396.00.
Diving into Analyst Ratings: An In-Depth Exploration
The analysis of recent analyst actions sheds light on the perception of Home Depot by financial experts. 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 |
|---|---|---|---|---|---|
| Michael Baker | DA Davidson | Announces | Buy | $395.00 | - |
| Daniela Bretthauer | HSBC | Lowers | Reduce | $318.00 | $323.00 |
| Max Rakhlenko | TD Cowen | Lowers | Buy | $420.00 | $440.00 |
| Michael Lasser | UBS | Lowers | Buy | $400.00 | $411.00 |
| Scot Ciccarelli | Truist Securities | Lowers | Buy | $406.00 | $417.00 |
| Greg Melich | Evercore ISI Group | Lowers | Outperform | $390.00 | $420.00 |
| Greg Melich | Evercore ISI Group | Raises | Outperform | $420.00 | $415.00 |
| Joseph Feldman | Telsey Advisory Group | Maintains | Market Perform | $360.00 | $360.00 |
| Seth Basham | Wedbush | Maintains | Outperform | $410.00 | $410.00 |
| Zachary Fadem | Wells Fargo | Lowers | Overweight | $400.00 | $425.00 |
| Steven Zaccone | Citigroup | Lowers | Buy | $395.00 | $415.00 |
| Joseph Feldman | Telsey Advisory Group | Maintains | Market Perform | $360.00 | $360.00 |
| Scot Ciccarelli | Truist Securities | Maintains | Buy | $417.00 | $417.00 |
| Greg Melich | Evercore ISI Group | Lowers | Outperform | $415.00 | $420.00 |
| Steven Forbes | Guggenheim | Maintains | Buy | $390.00 | - |
| Daniela Bretthauer | HSBC | Maintains | Reduce | $323.00 | - |
| Greg Melich | Evercore ISI Group | Raises | Outperform | $425.00 | $420.00 |
| Michael Baker | DA Davidson | Maintains | Neutral | $370.00 | $370.00 |
| Scot Ciccarelli | Truist Securities | Raises | Buy | $417.00 | $386.00 |
| Joseph Feldman | Telsey Advisory Group | Raises | Market Perform | $360.00 | $335.00 |
| Seth Basham | Wedbush | Raises | Outperform | $410.00 | $380.00 |
| Elizabeth Suzuki | B of A Securities | Raises | Buy | $425.00 | $400.00 |
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 set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Home Depot's market position. Stay informed and make well-informed decisions with 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). The additions of the Company Store brought textile exposure to the lineup, while Redi Carpet added multifamily flooring.
Home Depot's Financial Performance
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
Negative Revenue Trend: Examining Home Depot's financials over 3 months reveals challenges. As of 30 April, 2024, the company experienced a decline of approximately -2.25% in revenue growth, reflecting 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: Home Depot's net margin is impressive, surpassing industry averages. With a net margin of 9.89%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Home Depot's ROE excels beyond industry benchmarks, reaching 251.4%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Home Depot's ROA excels beyond industry benchmarks, reaching 4.62%. This signifies efficient management of assets and strong financial health.
Debt Management: Home Depot's debt-to-equity ratio stands notably higher than the industry average, reaching 28.03. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
Analyst Ratings: What Are They?
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
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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