Home Depot, Inc. [HD] stock is trading at $353.91, up 1.11%. 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 -2.69% over the last week, with a monthly amount glided 4.21%, 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.
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 $366.1 within the next 12 months. Home Depot, Inc. [NYSE: HD] shares were valued at $353.91 at the most recent close of the market. An investor can expect a potential return of 3.44% based on the average HD price forecast.
Analyzing the HD fundamentals
Home Depot, Inc. [NYSE:HD] reported sales of 151.83B for the trailing twelve months, which represents a drop of -2.25%. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of22.5.
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 347.91 points at the first support level, and at 341.90 for the second support level. However, for the 1st resistance point, the stock is sitting at 359.29, and for the 2nd resistance point, it is at 364.66.
Ratios To Look Out For
For context, Home Depot, Inc.’s Current Ratio is 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 2.31, the price to book ratio is 192.90 and price to earnings (TTM) ratio is 23.74.
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.
