At the time of writing, Home Depot, Inc. [HD] stock is trading at $363.25, down -0.03%. 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 gain 1.34% over the last week, with a monthly amount glided 2.78%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, DA Davidson upgraded its rating to Buy on June 26, 2024, and elevated its price target to $395. On April 01, 2024, Telsey Advisory Group reiterated its Market Perform rating and revised its price target to $360 on the stock. Mizuho started tracking the stock assigning a Buy rating and suggested a price target of $415 on March 19, 2024. HSBC Securities downgraded its rating to a Reduce but $323 remained the price target by the analyst firm on February 21, 2024. Telsey Advisory Group reiterated a Market Perform rating for this stock on February 15, 2024, and upped its price target to $335. In a note dated January 22, 2024, Oppenheimer downgraded an Perform rating on this stock.
For the past year, the stock price of Home Depot, Inc. fluctuated between $274.26 and $396.87. Currently, Wall Street analysts expect the stock to reach $366.45 within the next 12 months. Home Depot, Inc. [NYSE: HD] shares were valued at $363.25 at the most recent close of the market. An investor can expect a potential return of 0.88% based on the average HD price forecast.
Analyzing the HD fundamentals
According to Home Depot, Inc. [NYSE:HD], the company’s sales were 151.83B for trailing twelve months, which represents an -2.25% plunge. 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 0.19, Equity is 10.57 and Total Capital is 0.39. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 22.5.
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 360.46 points at the first support level, and at 357.67 for the second support level. However, for the 1st resistance point, the stock is sitting at 366.66, and for the 2nd resistance point, it is at 370.07.
Ratios To Look Out For
It is important to note that Home Depot, Inc. [NYSE:HD] has a current ratio of 1.34. In addition, the Quick Ratio stands at 0.42 and the Cash Ratio stands at 0.18. Considering the valuation of this stock, the price to sales ratio is 2.37, the price to book ratio is 197.99 and price to earnings (TTM) ratio is 24.37.
Transactions by insiders
Recent insider trading involved Carey Matt, EVP, Customer Experience, that happened on May 16 ’24 when 56008.0 shares were sold. EVP and CIO, Siddiqui Fahim completed a deal on May 16 ’24 to sell 3000.0 shares. Meanwhile, EVP – US Sales and Operations Padilla Hector A sold 82.0 shares on May 15 ’24.
