The Home Depot (NYSE:HD) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday, BidAskClub reports.
HD has been the topic of several other reports. Exane BNP Paribas started coverage on shares of The Home Depot in a research note on Monday, October 5th. They set an “outperform” rating and a $310.00 price objective on the stock. Piper Sandler boosted their price objective on The Home Depot from $288.00 to $296.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 18th. They noted that the move was a valuation call. BNP Paribas assumed coverage on The Home Depot in a research note on Monday, October 5th. They issued an “outperform” rating and a $310.00 target price for the company. ValuEngine downgraded shares of The Home Depot from a “hold” rating to a “sell” rating in a research report on Monday, December 7th. Finally, Telsey Advisory Group upgraded shares of The Home Depot from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $300.00 to $315.00 in a research report on Monday, November 16th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. The Home Depot presently has a consensus rating of “Buy” and a consensus price target of $292.71.
Shares of HD opened at $265.26 on Thursday. The company has a debt-to-equity ratio of 21.39, a quick ratio of 0.72 and a current ratio of 1.36. The company has a 50-day simple moving average of $270.72 and a 200-day simple moving average of $270.22. The Home Depot has a 52 week low of $140.63 and a 52 week high of $292.95. The firm has a market capitalization of $285.58 billion, a P/E ratio of 22.95, a P/E/G ratio of 1.84 and a beta of 1.04.
The Home Depot (NYSE:HD) last posted its quarterly earnings results on Monday, November 16th. The home improvement retailer reported $3.18 EPS for the quarter, beating the consensus estimate of $3.08 by $0.10. The firm had revenue of $33.54 billion during the quarter, compared to analysts’ expectations of $32.03 billion. The Home Depot had a negative return on equity of 910.85% and a net margin of 9.94%. During the same quarter in the prior year, the firm posted $2.53 EPS. As a group, equities analysts forecast that The Home Depot will post 11.76 earnings per share for the current year.
In other news, COO Edward P. Decker sold 25,595 shares of the stock in a transaction on Thursday, November 19th. The shares were sold at an average price of $269.40, for a total transaction of $6,895,293.00. Following the completion of the sale, the chief operating officer now owns 97,352 shares of the company’s stock, valued at $26,226,628.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Ann Marie Campbell sold 120 shares of the firm’s stock in a transaction on Friday, November 20th. The stock was sold at an average price of $269.03, for a total transaction of $32,283.60. Following the sale, the executive vice president now owns 46,611 shares in the company, valued at $12,539,757.33. The disclosure for this sale can be found here. Insiders own 0.26% of the company’s stock.
Several large investors have recently bought and sold shares of HD. Claudia M.P. Batlle CRP R LLC acquired a new position in The Home Depot during the third quarter valued at approximately $34,000. Planned Solutions Inc. acquired a new stake in shares of The Home Depot in the 3rd quarter valued at approximately $45,000. Catalyst Private Wealth LLC bought a new position in shares of The Home Depot in the third quarter valued at $45,000. JJJ Advisors Inc. raised its position in The Home Depot by 201.6% during the third quarter. JJJ Advisors Inc. now owns 184 shares of the home improvement retailer’s stock worth $51,000 after acquiring an additional 123 shares in the last quarter. Finally, First Bank & Trust lifted its stake in The Home Depot by 34.0% in the third quarter. First Bank & Trust now owns 197 shares of the home improvement retailer’s stock valued at $55,000 after acquiring an additional 50 shares during the last quarter. Institutional investors and hedge funds own 63.23% of the company’s stock.
The Home Depot Company Profile
The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and dÃ©cor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
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