Home Depot HD has been analyzed by 23 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 8 | 8 | 5 | 2 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 4 | 3 | 2 | 1 | 0 |
| 2M Ago | 3 | 2 | 2 | 1 | 0 |
| 3M Ago | 1 | 2 | 1 | 0 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $388.91, along with a high estimate of $440.00 and a low estimate of $323.00. Marking an increase of 4.37%, the current average surpasses the previous average price target of $372.61.
Breaking Down Analyst Ratings: A Detailed Examination
The standing of Home Depot among financial experts is revealed through an in-depth exploration 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 | 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 |
| 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 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Home Depot. This insight gives a snapshot of analysts' perspectives on 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: 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.
Capture valuable insights into Home Depot's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with 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 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.
Home Depot: Delving into Financials
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
Decline in Revenue: Over the 3 months period, Home Depot faced challenges, resulting in a decline of approximately -2.92% in revenue growth as of 31 January, 2024. This signifies a reduction in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Consumer Discretionary sector.
Net Margin: Home Depot's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 8.05%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Home Depot's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 226.43% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Home Depot's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 3.68%, the company showcases efficient use of assets and strong financial health.
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.
Analyst Ratings: Simplified
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
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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