In the preceding three months, 23 analysts have released ratings for Home Depot HD, presenting a wide array of perspectives from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 10 | 7 | 6 | 0 | 0 |
| Last 30D | 1 | 1 | 0 | 0 | 0 |
| 1M Ago | 4 | 5 | 3 | 0 | 0 |
| 2M Ago | 4 | 1 | 2 | 0 | 0 |
| 3M Ago | 1 | 0 | 1 | 0 | 0 |
Analysts have recently evaluated Home Depot and provided 12-month price targets. The average target is $434.3, accompanied by a high estimate of $466.00 and a low estimate of $360.00. This current average reflects an increase of 10.62% from the previous average price target of $392.60.
Exploring Analyst Ratings: An In-Depth Overview
The standing of Home Depot among financial experts becomes clear 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 |
|---|---|---|---|---|---|
| Elizabeth Suzuki | B of A Securities | Raises | Buy | $450.00 | $425.00 |
| David Bellinger | Mizuho | Raises | Outperform | $440.00 | $435.00 |
| Joseph Feldman | Telsey Advisory Group | Maintains | Outperform | $455.00 | $455.00 |
| Steven Shemesh | RBC Capital | Raises | Sector Perform | $413.00 | $363.00 |
| W. Andrew Carter | Stifel | Raises | Hold | $400.00 | $375.00 |
| Joseph Feldman | Telsey Advisory Group | Raises | Outperform | $455.00 | $360.00 |
| Scot Ciccarelli | Truist Securities | Raises | Buy | $459.00 | $455.00 |
| Zachary Fadem | Wells Fargo | Raises | Overweight | $430.00 | $400.00 |
| Seth Sigman | Barclays | Raises | Overweight | $420.00 | $372.00 |
| Max Rakhlenko | TD Cowen | Raises | Buy | $460.00 | $440.00 |
| Michael Baker | DA Davidson | Raises | Buy | $466.00 | $430.00 |
| Dean Rosenblum | Bernstein | Announces | Market Perform | $451.00 | - |
| Simeon Gutman | Morgan Stanley | Raises | Overweight | $450.00 | $380.00 |
| Scot Ciccarelli | Truist Securities | Raises | Buy | $455.00 | $395.00 |
| Laura Champine | Loop Capital | Raises | Buy | $460.00 | $360.00 |
| Steven Forbes | Guggenheim | Raises | Buy | $450.00 | $390.00 |
| Chuck Grom | Gordon Haskett | Announces | Buy | $450.00 | - |
| Peter Keith | Piper Sandler | Raises | Overweight | $455.00 | $387.00 |
| Timothy Horan | Oppenheimer | Raises | Perform | $400.00 | $345.00 |
| Karen Short | Melius Research | Announces | Buy | $420.00 | - |
| Laura Champine | Loop Capital | Raises | Hold | $360.00 | $330.00 |
| Joseph Feldman | Telsey Advisory Group | Maintains | Market Perform | $360.00 | $360.00 |
| Michael Baker | DA Davidson | Raises | Buy | $430.00 | $395.00 |
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: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Home Depot compared to the broader market.
- Price Targets: Understanding forecasts, analysts offer estimates for Home Depot's future value. Examining the current and prior targets provides insight into analysts' changing expectations.
For valuable insights into Home Depot's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
Stay up to date on Home Depot analyst ratings.
Unveiling the Story Behind 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 US, 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 Interline Brands in 2015 allowed Home Depot to enter the MRO business, which has been expanded through the tie-up with HD Supply (2020). The additions of the Company Store brought textiles to the lineup, and Redi Carpet added multifamily flooring, while the recent tie-up with SRS will help grow professional demand.
Understanding the Numbers: Home Depot's Finances
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 displayed positive results in 3 months. As of 31 July, 2024, the company achieved a solid revenue growth rate of approximately 0.6%. This indicates a notable increase in the company's 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 excels beyond industry benchmarks, reaching 10.56%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Home Depot's ROE stands out, surpassing industry averages. With an impressive ROE of 146.19%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Home Depot's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 5.18% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 14.62, caution is advised due to increased financial risk.
Understanding the Relevance of Analyst Ratings
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
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.
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