15 analysts have shared their evaluations of Home Depot HD during the recent three months, expressing a mix of bullish and bearish perspectives.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 4 | 5 | 6 | 0 | 0 |
| Last 30D | 0 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 3 | 0 | 0 | 0 |
| 2M Ago | 2 | 0 | 1 | 0 | 0 |
| 3M Ago | 2 | 2 | 5 | 0 | 0 |
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $345.53, a high estimate of $400.00, and a low estimate of $299.00. Observing a 3.61% increase, the current average has risen from the previous average price target of $333.50.
Analyzing Analyst Ratings: A Detailed Breakdown
A comprehensive examination of how financial experts perceive Home Depot is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Peter Keith | Piper Sandler | Raises | Overweight | $400.00 | $311.00 |
| Seth Basham | Wedbush | Raises | Outperform | $380.00 | $330.00 |
| 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: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Home Depot. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Home Depot compared to the broader market.
- Price Targets: Gaining insights, analysts provide estimates for the future value of Home Depot's stock. This comparison reveals trends in analysts' expectations over time.
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Home Depot's market position. Stay informed and make data-driven decisions with the assistance of 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.
Home Depot's Economic Impact: An Analysis
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
Negative Revenue Trend: Examining Home Depot's financials over 3 months reveals challenges. As of 31 October, 2023, the company experienced a decline of approximately -2.99% in revenue growth, reflecting a decrease in 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): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 275.59%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 5.01%, the company showcases effective utilization of assets.
Debt Management: Home Depot's debt-to-equity ratio is notably higher than the industry average. With a ratio of 34.44, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
Analyst Ratings: What Are They?
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.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
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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