Guggenheim Sticks to Their Buy Rating for Home Depot (HD)

Guggenheim analyst Steven Forbes maintained a Buy rating on Home Depot (HD – Research Report) yesterday and set a price target of $390.00. The company’s shares closed yesterday at $357.87.

Forbes covers the Consumer Cyclical sector, focusing on stocks such as Home Depot, Floor & Decor Holdings, and SharkNinja, Inc.. According to TipRanks, Forbes has an average return of 12.7% and a 57.99% success rate on recommended stocks.

In addition to Guggenheim, Home Depot also received a Buy from Truist Financial’s Scot Ciccarelli in a report issued on April 2. However, yesterday, Loop Capital Markets maintained a Hold rating on Home Depot (NYSE: HD).

HD market cap is currently $354.5B and has a P/E ratio of 23.67.

Based on the recent corporate insider activity of 76 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HD in relation to earlier this year. Most recently, in February 2024, Teresa Wynn Roseborough, the EVP, Gen. Counsel & Corp. Sec of HD sold 19,367.00 shares for a total of $7,034,675.41.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Home Depot (HD) Company Description:

Home Depot, Inc. is a home improvement retailer, which sells building materials, home decor, flooring, appliances, lawn and garden products, tools and other merchandise. It also offers installation services as well as tool and equipment rental. The company was founded by Bernard Marcus, Arthur M. Blank, Kenneth Gerald Langone and Pat Farrah on June 29, 1978 and is headquartered at Atlanta, GA.