Home Depot, Inc [HD] stock prices are down -0.89% to $406.80 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The HD shares have gain 0.92% over the last week, with a monthly amount glided 0.10%, and 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 November 08, 2024, when Telsey Advisory Group upgraded its rating to a Outperform and also boosted its price target to $455 from $360. Previously, Bernstein started tracking the stock with Mkt Perform rating on October 22, 2024, and set its price target to $451. On October 09, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $460 on the stock. Gordon Haskett upgraded its rating to a Buy but stick to its price target of $450 on October 02, 2024. DA Davidson upgraded its rating to Buy for this stock on June 26, 2024, and upped its price target to $395. In a note dated April 01, 2024, Telsey Advisory Group reiterated an Market Perform rating on this stock and boosted its target price from $335 to $360.
The stock price of Home Depot, Inc [HD] has been fluctuating between $302.34 and $421.56 over the past year. Currently, Wall Street analysts expect the stock to reach $389.62 within the next 12 months. Home Depot, Inc [NYSE: HD] shares were valued at $406.80 at the most recent close of the market. An investor can expect a potential drop of -4.22% based on the average HD price forecast.
Analyzing the HD fundamentals
The Home Depot, Inc [NYSE:HD] reported sales of 154.60B for trailing twelve months, representing a surge of 6.65%. Gross Profit Margin for this corporation currently stands at 0.34% with Operating Profit Margin at 0.14%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.15, Equity is 4.47 and Total Capital is 0.31. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.3.
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 401.05 points at the first support level, and at 395.31 for the second support level. However, for the 1st resistance point, the stock is sitting at 410.85, and for the 2nd resistance point, it is at 414.91.
Ratios To Look Out For
It’s worth pointing out that Home Depot, Inc [NYSE:HD]’s Current Ratio is 1.13. Also, the Quick Ratio is 0.31, while the Cash Ratio stands at 0.05. Considering the valuation of this stock, the price to sales ratio is 2.61, the price to book ratio is 91.39 and price to earnings (TTM) ratio is 27.65.
Transactions by insiders
Recent insider trading involved Hourigan Timothy A., Officer, that happened on Nov 18 ’24 when 16004.0 shares were purchased. EVP, Gen. Counsel & Corp. Sec., Roseborough Teresa Wynn completed a deal on Nov 14 ’24 to sell 22084.0 shares. Meanwhile, Senior EVP Campbell Ann Marie sold 29968.0 shares on Nov 14 ’24.
