The Home Depot Inc. (HD) Price Targets: What Do They Mean?


As of Friday close, The Home Depot Inc.’s (NYSE:HD) stock was up $1.66, moving up 0.58 percent to $288.39. The average number of shares traded per day over the past five days has been 5,317,200 shares. 1 time new highs have been achieved over the past 5 days, with a $2.08 gain in that time frame. In the last twenty days, the average volume was 4,931,035, while in the previous 50 days, it was 3,855,066.

Since last month, HD stock retreated -10.07%. Shares of the company fell to $281.39 on 03/14/23, the lowest level in the past month. A 52-week high of $347.25 was reached on 02/02/23 after having rallying from a 52-week low of $264.51. Since the beginning of this year, HD’s stock price has dropped by -8.70% or -$27.47, and marked a new high 8 times. However, the stock has declined by -16.95% since its 52-week high.

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HD stock investors should be aware that The Home Depot Inc. (HD) stock had its last reported insider trading activity 120 days ago on Nov 18. KINNAIRD JEFFREY G, the EVP – Merchandising of the company, disposed of 6,403 shares for $311.65 on Nov 18. It resulted in a $1,995,495 divestment by the insider. Siddiqui Fahim sold 2,000 shares at an average price of $311.29 on Nov 17. The insider now owns 3,928 shares following the transaction. On Nov 17, EVP – U.S. Stores & Int’l Ops Campbell Ann Marie sold 230 shares at $310.79 apiece. The transaction was valued at $71,482.

Valuation Metrics

Right now, The Home Depot Inc. (HD) has a P/E ratio of about 17.29. The stock’s beta is 0.94. Besides these, the trailing price-to-sales (P/S) ratio of 1.88, the price-to-book (PB) ratio of 227.08, and the price-to-cash flow ratio of 85.30 may also be considered.

The latest dividend of $2.09 per share was paid out, which is 10.0% more than last year’s $1.90. On Tuesday February 21 2023, a $0.19 dividend increase was announced.

Financial Health

In the three months ended October 30, The Home Depot Inc.’s quick ratio stood at 0.30, while its current ratio was 1.40, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending October 30 was 32.16, and the total debt-to-equity ratio was 33.10. On the profitability front, the trailing twelve-month gross margin is 33.50% percent. In the year ended October 30, operating margins totaled 15.10%. Based on annual data, HD earned $52.78 billion in gross profit and brought in $157.4 billion in revenue.

In The Home Depot Inc.’s quarter-end financial report for October 30, it reported total debt of $41.96 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. HD’s revenue rose 0.31% to $38.87 billion during the quarter, while net income inched up to $35.83 billion. While analysts expected The Home Depot Inc. to report $4.12 quarterly earnings, the actual figure was $4.24 per share, beating the consensus estimate by 2.90%. During the quarter, the company generated $5.51 billion in EBITDA. The liabilities of The Home Depot Inc. were 74.88 billion at the end of its most recent quarter ended October 30, and its total debt was $49.71 billion. The value of shareholders’ equity is $1.01 billion.

Technical Picture

This quick technical analysis looks at The Home Depot Inc.’s (HD) price momentum. With a historical volatility rate of 15.09%, the RSI 9-day stood at 37.97% on 17 March.

With respect to its five-day moving average, the current The Home Depot Inc. price is up by +0.73% percent or $2.08. At present, HD shares trade -10.23% below its 20-day simple moving average and +4.67% percent above its 100-day simple moving average. However, the stock is currently trading approximately -9.80% below its SMA50 and -4.74% below its SMA200.

Stochastic coefficient K was 33.27% and Stochastic coefficient D was 29.15%, while ATR was 6.72. Given the Stochastic reading of 37.39% for the 14-day period, the RSI (14) reading has been calculated as 37.50%. As of today, the MACD Oscillator reading stands at -0.27, while the 14-day reading stands at -2.92.

Analyst Ratings

UBS reiterated its a Buy rating on The Home Depot Inc. (NYSE: HD) in a note to investors. The analysts firm has however raised their price target to $340, representing a possible 17.6% increase in the stock price. The Home Depot Inc. (HD) has been rated Overweight by analysts. According to 1 brokerage firm, HD is a sell, and 14 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 5 analysts rate The Home Depot Inc. stock as buy, with 17 recommending it as overweight.

With a median target price of $335.00, the current consensus forecast for the stock is $248.00 – $400.00. Based on these forecasts, analysts predict The Home Depot Inc. (HD) will achieve an average price target of $328.45.


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