Detailed Review Of Prospects For The Home Depot Inc. Stock

A share price of The Home Depot Inc. [HD] is currently trading at $339.79, up 3.57%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The HD shares have gain 8.28% over the last week, with a monthly amount glided 7.56%, and seem to be holding up well over a long-time horizon.

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On 2, February 2023, The Home Depot and Ecolab Launch Ecolab® Scientific Clean. In a post published today on Yahoo Finance, For the First Time Ever, the Power of Ecolab’s Science-Backed Cleaning Products Now Available in Retail Stores.

From an analyst’s perspective:

Previously, Bernstein started tracking the stock with Mkt Perform rating on December 06, 2022, and set its price target to $337. On November 16, 2022, downgrade downgraded it’s rating to Mkt Perform. Cowen started tracking the stock assigning a Outperform rating and suggested a price target of $350 on October 19, 2022. Exane BNP Paribas downgraded its rating to a Neutral but $286 remained the price target by the analyst firm on October 19, 2022. MKM Partners started tracking with a Neutral rating for this stock on June 23, 2022, and assigned it a price target of $285. In a note dated May 18, 2022, Wedbush reiterated an Neutral rating on this stock and revised its target price from $340 to $320.

The Home Depot Inc. experienced fluctuations in its stock price throughout the past year between $264.51 and $374.67. Currently, Wall Street analysts expect the stock to reach $340.62 within the next 12 months. The Home Depot Inc. [NYSE: HD] shares were valued at $339.79 at the most recent close of the market. An investor can expect a potential return of 0.24% based on the average HD price forecast.

Analyzing the HD fundamentals

During the last quarter, The Home Depot Inc. [NYSE:HD] saw sales of 38.87 billion, an improvement of 5.60%. Gross Margin for this corporation currently stands at +32.05% with Operating Margin at +15.24%, Pretax Margin comes in at +14.38%, and Net Margin reading is +10.87%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 334.50 points at the first support level, and at 329.20 for the second support level. However, for the 1st resistance point, the stock is sitting at 343.28, and for the 2nd resistance point, it is at 346.76.

The Home Depot Inc. [HD] reported earnings per share of $5.05 for its fiscal quarter that ended on 7/30/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $4.94/share, meaning a difference of $0.11 and a surprise factor of 2.20%. By comparison, the stated earnings for the previous quarter ended on 4/29/2022 were $4.09 per share as compared to estimates of $3.68 per share, a difference of $0.41 representing a surprise of 11.10%.

Ratios To Look Out For

A current ratio of 1.40 is a noteworthy aspect of The Home Depot Inc. [NYSE:HD]. Further, the Quick Ratio stands at 0.24, while the Cash Ratio is 0.08. Considering the valuation of this stock, the price to sales ratio is 2.57 and the P/E (TTM) ratio is 20.48.

Transactions by insiders

Insider trading, which has resulted in 5 insider purchases of 52,064 shares and 9 insider sales of 67,539 shares in the past three months, is now the topic of our analysis. Recent insider trading involved KINNAIRD JEFFREY G, EVP – Merchandising, that happened on Nov 18 when 6403.0 shares were sold. EVP and CIO, Siddiqui Fahim completed a deal on Nov 17 to sell 2000.0 shares. Meanwhile, EVP – U.S. Stores & Int’l Ops Campbell Ann Marie sold 230.0 shares on Nov 17.