A Glimpse Into The Expert Outlook On Home Depot Through 23 Analysts


Home Depot HD has been analyzed by 23 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.

In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 8 8 5 2 0
Last 30D 0 1 0 0 0
1M Ago 4 3 2 1 0
2M Ago 3 2 2 1 0
3M Ago 1 2 1 0 0

Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $388.91, along with a high estimate of $440.00 and a low estimate of $323.00. Marking an increase of 4.37%, the current average surpasses the previous average price target of $372.61.

Breaking Down Analyst Ratings: A Detailed Examination

The standing of Home Depot among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below 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
Greg Melich Evercore ISI Group Lowers Outperform $415.00 $420.00
Steven Forbes Guggenheim Maintains Buy $390.00 -
Daniela Bretthauer HSBC Maintains Reduce $323.00 -
Greg Melich Evercore ISI Group Raises Outperform $425.00 $420.00
Michael Baker DA Davidson Maintains Neutral $370.00 $370.00
Scot Ciccarelli Truist Securities Raises Buy $417.00 $386.00
Joseph Feldman Telsey Advisory Group Raises Market Perform $360.00 $335.00
Seth Basham Wedbush Raises Outperform $410.00 $380.00
Elizabeth Suzuki B of A Securities Raises Buy $425.00 $400.00
Greg Melich Evercore ISI Group Raises Outperform $420.00 $410.00
David Bellinger Mizuho Announces Buy $415.00 -
Max Rakhlenko TD Cowen Raises Outperform $440.00 $415.00
Steven Shemesh RBC Capital Raises Sector Perform $377.00 $299.00
Steven Forbes Guggenheim Raises Buy $390.00 $370.00
Steven Zaccone Citigroup Raises Buy $415.00 $333.00
Scot Ciccarelli Truist Securities Lowers Buy $386.00 $387.00
Seth Basham Wedbush Maintains Outperform $380.00 -
Daniela Bretthauer HSBC Announces Reduce $323.00 -
John Baugh Stifel Raises Hold $366.00 $355.00
Joseph Feldman Telsey Advisory Group Raises Market Perform $335.00 $325.00
Peter Benedict Baird Maintains Outperform $370.00 $370.00
Zachary Fadem Wells Fargo Raises Overweight $400.00 $385.00
Kate McShane Goldman Sachs Raises Buy $393.00 $347.00

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: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Home Depot compared to the broader market.
  • Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Home Depot's stock. This examination reveals shifts 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.

Unveiling the Story Behind Home Depot

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: Delving into Financials

Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.

Decline in Revenue: Over the 3 months period, Home Depot faced challenges, resulting in a decline of approximately -2.92% in revenue growth as of 31 January, 2024. This signifies a reduction in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Consumer Discretionary sector.

Net Margin: Home Depot's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 8.05%, the company showcases strong profitability and effective cost management.

Return on Equity (ROE): Home Depot's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 226.43% ROE, the company effectively utilizes 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 3.68%, 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 50.04. This suggests the company carries a substantial amount of debt, posing potential financial challenges.

Analyst Ratings: Simplified

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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