RBC Capital Keeps Their Hold Rating on Home Depot (HD)

RBC Capital analyst Steven Shemesh maintained a Hold rating on Home Depot (HD – Research Report) on May 12 and set a price target of $377.00. The company’s shares closed yesterday at $340.50.

Shemesh covers the Consumer Cyclical sector, focusing on stocks such as Wayfair, Driven Brands Holdings, and CarMax. According to TipRanks, Shemesh has an average return of -6.5% and a 44.12% success rate on recommended stocks.

In addition to RBC Capital, Home Depot also received a Hold from D.A. Davidson’s Michael Baker in a report issued yesterday. However, on the same day, Citi maintained a Buy rating on Home Depot (NYSE: HD).

Based on Home Depot’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $34.79 billion and a net profit of $2.8 billion. In comparison, last year the company earned a revenue of $35.83 billion and had a net profit of $3.36 billion

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.

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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.