Throughout the last three months, 13 analysts have evaluated Home Depot HD, offering a diverse set of opinions from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 4 | 3 | 6 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 2 | 0 | 1 | 0 | 0 |
| 2M Ago | 2 | 2 | 5 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $338.69, a high estimate of $387.00, and a low estimate of $299.00. This upward trend is evident, with the current average reflecting a 0.77% increase from the previous average price target of $336.10.
Exploring Analyst Ratings: An In-Depth Overview
An in-depth analysis of recent analyst actions unveils how financial experts perceive Home Depot. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Seth Sigman | Barclays | Raises | Overweight | $372.00 | $325.00 |
| Scot Ciccarelli | Truist Securities | Raises | Buy | $387.00 | $356.00 |
| John Baugh | Stifel | Raises | Hold | $355.00 | $306.00 |
| Scot Ciccarelli | Truist Securities | Raises | Buy | $356.00 | $340.00 |
| Steven Forbes | Guggenheim | Lowers | Buy | $340.00 | $360.00 |
| Steven Shemesh | RBC Capital | Lowers | Sector Perform | $299.00 | $303.00 |
| Timothy Horan | Oppenheimer | Maintains | Outperform | $360.00 | - |
| Scot Ciccarelli | Truist Securities | Lowers | Buy | $340.00 | $341.00 |
| Simeon Gutman | Morgan Stanley | Lowers | Overweight | $335.00 | $350.00 |
| Joseph Feldman | Telsey Advisory Group | Maintains | Market Perform | $325.00 | - |
| John Baugh | Stifel | Lowers | Hold | $306.00 | $350.00 |
| Steven Shemesh | RBC Capital | Announces | Sector Perform | $303.00 | - |
| Joseph Feldman | Telsey Advisory Group | Lowers | Market Perform | $325.00 | $330.00 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Home Depot. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Home Depot compared to the broader market.
- Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Home Depot's stock. This comparison reveals trends in analysts' expectations over time.
Capture valuable insights into Home Depot's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
Stay up to date on Home Depot analyst ratings.
Delving into Home Depot's Background
Home Depot is the world's largest home improvement specialty retailer, operating more than 2,300 warehouse-format stores offering more than 30,000 products in store and 1 million products online in the United States, Canada, and Mexico. Its stores offer numerous building materials, home improvement products, lawn and garden products, and decor products and provide various services, including home improvement installation services and tool and equipment rentals. The acquisition of distributor Interline Brands in 2015 allowed Home Depot to enter the maintenance, repair, and operations business, which has been expanded through the tie-up with HD Supply (2020). Moreover, the additions of the Company Store brought textile exposure to the lineup, while Redi Carpet added multifamily flooring.
Understanding the Numbers: Home Depot's Finances
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
Revenue Growth: Home Depot's revenue growth over a period of 3 months has faced challenges. As of 31 October, 2023, the company experienced a revenue decline of approximately -2.99%. This indicates a decrease in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Consumer Discretionary sector.
Net Margin: Home Depot's net margin excels beyond industry benchmarks, reaching 10.1%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Home Depot's ROE excels beyond industry benchmarks, reaching 275.59%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Home Depot's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 5.01%, the company showcases efficient use of assets and strong financial health.
Debt Management: Home Depot's debt-to-equity ratio surpasses industry norms, standing at 34.44. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
The Basics of Analyst Ratings
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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