Home Depot, Inc. [HD] stock is trading at $332.89, up 0.02%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The HD shares have lost -4.17% over the last week, with a monthly amount drifted -12.26%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Home Depot, Inc. [NYSE: HD] stock has seen the most recent analyst activity on April 01, 2024, when Telsey Advisory Group reiterated its Market Perform rating and also boosted its price target to $360 from $335. Previously, Mizuho started tracking the stock with Buy rating on March 19, 2024, and set its price target to $415. On February 21, 2024, downgrade downgraded it’s rating to Reduce but maintained its price target of $323 on the stock. Telsey Advisory Group reiterated its Market Perform rating and increased its price target to $335 on February 15, 2024. Oppenheimer downgraded its rating to a Perform. TD Cowen reiterated a Outperform rating for this stock on January 18, 2024, and upped its price target to $415. In a note dated January 16, 2024, Piper Sandler upgraded an Overweight rating on this stock and boosted its target price from $311 to $400.
Home Depot, Inc. [HD] stock has fluctuated between $274.26 and $396.87 over the past year. Currently, Wall Street analysts expect the stock to reach $358.7 within the next 12 months. Home Depot, Inc. [NYSE: HD] shares were valued at $332.89 at the most recent close of the market. An investor can expect a potential return of 7.75% based on the average HD price forecast.
Analyzing the HD fundamentals
Home Depot, Inc. [NYSE:HD] reported sales of 152.67B for the trailing twelve months, which represents a drop of -2.92%. Gross Profit Margin for this corporation currently stands at 0.33% with Operating Profit Margin at 0.14%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.2, Equity is 14.52 and Total Capital is 0.4. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of40.38.
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 330.49 points at the first support level, and at 328.10 for the second support level. However, for the 1st resistance point, the stock is sitting at 336.12, and for the 2nd resistance point, it is at 339.35.
Ratios To Look Out For
For context, Home Depot, Inc.’s Current Ratio is 1.35. In addition, the Quick Ratio stands at 0.40 and the Cash Ratio stands at 0.17. Considering the valuation of this stock, the price to sales ratio is 2.16, the price to book ratio is 316.31 and price to earnings (TTM) ratio is 22.05.
Transactions by insiders
Recent insider trading involved Decker Edward P., Chair, President and CEO, that happened on Feb 22 ’24 when 35987.0 shares were sold. Senior EVP, Campbell Ann Marie completed a deal on Feb 22 ’24 to sell 27574.0 shares. Meanwhile, EVP – Human Resources Hourigan Timothy A. sold 8996.0 shares on Feb 22 ’24.
