Wolfe Research Issues Pessimistic Forecast for Home Depot (NYSE:HD) Stock Price

Market Beat
2025.11.25 15:15

Wolfe Research lowered its target price for Home Depot (NYSE:HD) from $497.00 to $423.00, maintaining an "outperform" rating. This suggests a potential upside of 22.88% from the current price. Other analysts also adjusted their ratings and target prices for Home Depot. The stock recently traded up 2.3%, reaching $344.23. Home Depot reported quarterly earnings of $3.74 per share, slightly missing estimates, with revenue up 2.8% year-over-year. Insider trading and institutional investments were also noted.

Home Depot (NYSE:HD - Get Free Report) had its target price reduced by stock analysts at Wolfe Research from $497.00 to $423.00 in a research report issued to clients and investors on Monday,MarketScreener reports. The firm currently has an "outperform" rating on the home improvement retailer's stock. Wolfe Research's target price suggests a potential upside of 22.88% from the stock's current price.

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Other equities analysts also recently issued reports about the company. DZ Bank reaffirmed a "sell" rating on shares of Home Depot in a report on Tuesday, November 18th. The Goldman Sachs Group reduced their target price on shares of Home Depot from $444.00 to $406.00 and set a "buy" rating for the company in a research note on Wednesday, November 19th. Evercore ISI decreased their price target on Home Depot from $450.00 to $425.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 19th. Robert W. Baird decreased their price objective on shares of Home Depot from $450.00 to $415.00 and set an "outperform" rating on the stock in a research report on Wednesday, November 19th. Finally, Royal Bank Of Canada cut their target price on shares of Home Depot from $401.00 to $376.00 and set a "sector perform" rating for the company in a research report on Wednesday, November 19th. Twenty-two analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Home Depot has an average rating of "Moderate Buy" and a consensus price target of $404.60.

Get Our Latest Report on Home Depot

Home Depot Trading Up 2.3%

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Shares of HD traded up $7.65 during trading on Monday, reaching $344.23. 385,680 shares of the company traded hands, compared to its average volume of 3,567,688. Home Depot has a twelve month low of $326.31 and a twelve month high of $439.37. The company has a quick ratio of 0.34, a current ratio of 1.15 and a debt-to-equity ratio of 4.31. The stock has a 50-day simple moving average of $383.62 and a 200-day simple moving average of $381.09. The stock has a market cap of $342.64 billion, a PE ratio of 23.38, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 EPS for the quarter, missing the consensus estimate of $3.83 by ($0.09). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The firm had revenue of $41.35 billion for the quarter, compared to analysts' expectations of $41.06 billion. During the same quarter in the prior year, the business earned $3.78 earnings per share. The company's quarterly revenue was up 2.8% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. On average, analysts anticipate that Home Depot will post 15.13 earnings per share for the current year.

Insider Buying and Selling

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In other Home Depot news, EVP William D. Bastek sold 2,303 shares of the business's stock in a transaction on Friday, September 12th. The stock was sold at an average price of $423.12, for a total value of $974,445.36. Following the completion of the transaction, the executive vice president directly owned 24,235 shares in the company, valued at approximately $10,254,313.20. The trade was a 8.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.10% of the company's stock.

Institutional Investors Weigh In On Home Depot

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Prana Capital Management LP purchased a new stake in Home Depot in the third quarter valued at approximately $6,128,000. Watts Gwilliam & Co. LLC boosted its position in shares of Home Depot by 9.3% in the third quarter. Watts Gwilliam & Co. LLC now owns 4,509 shares of the home improvement retailer's stock worth $1,827,000 after buying an additional 385 shares during the period. CIBC Bancorp USA Inc. acquired a new stake in shares of Home Depot in the third quarter valued at about $60,107,000. Alpine Global Management LLC acquired a new stake in shares of Home Depot in the third quarter valued at about $986,000. Finally, Maple Capital Management Inc. raised its holdings in shares of Home Depot by 2.1% during the 3rd quarter. Maple Capital Management Inc. now owns 87,307 shares of the home improvement retailer's stock valued at $35,376,000 after buying an additional 1,790 shares during the period. Hedge funds and other institutional investors own 70.86% of the company's stock.

Home Depot Company Profile

(Get Free Report)

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.

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