For The Home Depot Inc. [HD], Analyst sees a rise to $470. What next?


The Home Depot Inc. [NYSE: HD] slipped around -6.15 points on Monday, while shares priced at $387.46 at the close of the session, down -1.56%. The company report on January 10, 2022 that Remembering Dr. King Through Community Service and a $1 Million Foundation Grant.

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The Home Depot Inc. stock is now -6.64% down from its year-to-date (YTD) trading value. HD Stock saw the intraday high of $387.59 and lowest of $380.91 per share. The company’s 52-week high price is 420.61, which means current price is +1.72% above from all time high which was touched on 01/03/22.

Compared to the average trading volume of 3.54M shares, HD reached a trading volume of 6274688 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about The Home Depot Inc. [HD]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HD shares is $415.76 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HD stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Oppenheimer have made an estimate for The Home Depot Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on December 06, 2021. While these analysts kept the previous recommendation, Credit Suisse raised their target price from $357 to $450. The new note on the price target was released on November 19, 2021, representing the official price target for The Home Depot Inc. stock. Previously, the target price had yet another raise from $340 to $410, while Wedbush kept a Neutral rating on HD stock. On November 17, 2021, analysts increased their price target for HD shares from 410 to 440.

The Average True Range (ATR) for The Home Depot Inc. is set at 8.78, with the Price to Sales ratio for HD stock in the period of the last 12 months amounting to 2.82. The Price to Book ratio for the last quarter was 391.37, with the Price to Cash per share for the same quarter was set at 4.71. Price to Free Cash Flow for HD in the course of the last twelve months was 79.67 with Quick ratio for the last quarter at 0.40.

How has HD stock performed recently?

The Home Depot Inc. [HD] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.18. With this latest performance, HD shares dropped by -5.81% in over the last four-week period, additionally plugging by 22.21% over the last 6 months – not to mention a rise of 42.85% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HD stock in for the last two-week period is set at 39.42, with the RSI for the last a single of trading hit 32.01, and the three-weeks RSI is set at 44.60 for The Home Depot Inc. [HD]. The present Moving Average for the last 50 days of trading for this stock 395.96, while it was recorded at 401.38 for the last single week of trading, and 343.72 for the last 200 days.

The Home Depot Inc. [HD]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and The Home Depot Inc. [HD] shares currently have an operating margin of +13.84 and a Gross Margin at +32.34. The Home Depot Inc.’s Net Margin is presently recorded at +9.74.

Return on Total Capital for HD is now 45.14, given the latest momentum, and Return on Invested Capital for the company is 34.27. Return on Equity for this stock inclined to 14,061.20, with Return on Assets sitting at 21.12. When it comes to the capital structure of this company, The Home Depot Inc. [HD] has a Total Debt to Total Equity ratio set at 1,316.22. Additionally, HD Total Debt to Total Capital is recorded at 92.94, with Total Debt to Total Assets ending up at 61.52. Long-Term Debt to Equity for the company is recorded at 1,248.20, with the Long-Term Debt to Total Capital now at 88.14.

Reflecting on the efficiency of the workforce at the company, The Home Depot Inc. [HD] managed to generate an average of $25,487 per employee. Receivables Turnover for the company is 51.83 with a Total Asset Turnover recorded at a value of 2.17.The Home Depot Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.40 and a Current Ratio set at 1.10.

Earnings analysis for The Home Depot Inc. [HD]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for HD. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for The Home Depot Inc. go to 13.70%.

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Insider trade positions for The Home Depot Inc. [HD]

There are presently around $284,404 million, or 72.10% of HD stock, in the hands of institutional investors. The top three institutional holders of HD stocks are: VANGUARD GROUP INC with ownership of 93,262,644, which is approximately 0.452% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 70,354,019 shares of the stock with an approximate value of $27.26 billion in HD stocks shares; and STATE STREET CORP, currently with $18.37 billion in HD stock with ownership of nearly -1.499% of the company’s market capitalization.

Positions in The Home Depot Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 1,372 institutional holders increased their position in The Home Depot Inc. [NYSE:HD] by around 14,797,874 shares. Additionally, 1,257 investors decreased positions by around 19,236,164 shares, while 369 investors held positions by with 699,988,137 shares. The mentioned changes placed institutional holdings at 734,022,175 shares, according to the latest SEC report filing. HD stock had 107 new institutional investments in for a total of 2,890,905 shares, while 79 institutional investors sold positions of 704,507 shares during the same period.