Home Depot

Barclays analyst Seth Sigman upgraded The Home Depot Inc (NYSE:HD) to Overweight from Equal-Weight at an increased price target of $372 from $325. The analyst is bullish on increased exposure to housing and potentially strengthening home prices as rates reverse. Sigman notes stabilizing sales and a return to normal algorithmic-like growth in 2025 would support the stock. The analyst expects comps to remain weak in low-single-digits in the near term but stabilize through 2024. The analyst expects gross margin to be relatively stable, while SG&A is projected to benefit from $500 million of fixed cost reductions and cycling incremental costs in 2023. The analyst estimates FY24 EPS of $15.47 (vs. consensus $15.62), thanks to comps and SG&A rate. The analyst models comps down slightly vs. consensus flat, including negative in H1, with a slight improvement in H2, partially offset by an extra week (estimates ~$2.5 billion in sales). The analyst raised FY25 EPS […]

Home Depot (NYSE: HD) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/04/2024 8.45% Barclays $325 → $372 Upgrades Equal-Weight → Overweight 12/21/2023 12.83% Truist Securities $356 → $387 Maintains Buy 12/20/2023 3.5% Stifel $306 → $355 Maintains Hold 12/08/2023 3.79% Truist Securities $340 → $356 Maintains Buy 11/15/2023 -0.87% Guggenheim $360 → $340 Maintains Buy 11/15/2023 -12.83% RBC Capital $303 → $299 Maintains Sector Perform 11/15/2023 4.96% Oppenheimer → $360 Reiterates Outperform → Outperform 11/15/2023 -0.87% Truist Securities $341 → $340 Maintains Buy 11/15/2023 -2.33% Morgan Stanley $350 → $335 Maintains Overweight 11/15/2023 -5.25% Telsey Advisory Group → $325 Reiterates Market Perform → Market Perform 11/13/2023 -10.79% Stifel $350 → $306 Maintains Hold 11/07/2023 -11.66% RBC Capital → $303 Initiates Coverage On → Sector Perform 11/07/2023 -5.25% Telsey Advisory Group $330 → $325 Maintains Market Perform 10/05/2023 -0.58% Truist Securities $372

Barclays analyst Seth Sigman upgrades Home Depot (NYSE:HD) from Equal-Weight to Overweight and raises the price target from $325 to $372.

Home Depot (NYSE: HD) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/20/2023 0.41% Stifel $306 → $355 Maintains Hold 12/08/2023 0.7% Truist Securities $340 → $356 Maintains Buy 11/15/2023 -3.83% Guggenheim $360 → $340 Maintains Buy 11/15/2023 -15.43% RBC Capital $303 → $299 Maintains Sector Perform 11/15/2023 1.83% Oppenheimer → $360 Reiterates Outperform → Outperform 11/15/2023 -3.83% Truist Securities $341 → $340 Maintains Buy 11/15/2023 -5.24% Morgan Stanley $350 → $335 Maintains Overweight 11/15/2023 -8.07% Telsey Advisory Group → $325 Reiterates Market Perform → Market Perform 11/13/2023 -13.45% Stifel $350 → $306 Maintains Hold 11/07/2023 -14.3% RBC Capital → $303 Initiates Coverage On → Sector Perform 11/07/2023 -8.07% Telsey Advisory Group $330 → $325 Maintains Market Perform 10/05/2023 -3.55% Truist Securities $372 → $341 Maintains Buy 10/04/2023 -6.66% Telsey Advisory Group $335 → $330 Maintains Market Perform 09/22/2023 3.24% HSBC →

Home Depot Exec Says Going To Open 13 Stores This Year; 9 Of Them Will Be In The Back Half Of The Year.

Home Depot (NYSE:HD) Q2 Sales $42.916 Bln Vs. $43.792 Bln a Year Ago; FactSet Consensus $42.193 Bln.

Home Depot (NYSE:HD) is due with its Q2 results in the pre-market on Tuesday, Aug. 15, and analysts polled by Capital IQ expect the company to post a profit of $4.44 per share on revenue of $42.2 billion.