Home Depot (NYSE:HD) Price Target Raised to $377.00 at Royal Bank Of Canada

Home Depot (NYSE:HD) had its price objective hoisted by investment analysts at Royal Bank Of Canada from $363.00 to $377.00 in a report released on Wednesday,Benzinga reports. The firm presently has a “sector perform” rating on the home improvement retailer’s stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 1.41% from the stock’s previous close.

A number of other analysts have also recently issued reports on the stock. Citigroup raised their target price on shares of Home Depot from $407.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. BNP Paribas Exane upped their price objective on Home Depot from $355.00 to $391.00 in a research note on Wednesday. Evercore dropped their price objective 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. Guggenheim upped their price target on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, The Goldman Sachs Group dropped their price target on Home Depot from $413.00 to $409.00 in a research report on Wednesday. Twenty-one equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $415.13.

Home Depot Trading Down 3.3%

Shares of HD stock traded down $12.72 during trading hours on Wednesday, reaching $371.76. The company had a trading volume of 1,900,296 shares, compared to its average volume of 4,251,371. The company has a 50 day moving average of $370.27 and a 200 day moving average of $380.12. The company has a debt-to-equity ratio of 3.82, a current ratio of 1.05 and a quick ratio of 0.29. The firm has a market cap of $370.09 billion, a price-to-earnings ratio of 25.40, a P/E/G ratio of 13.49 and a beta of 1.08. Home Depot has a 1-year low of $326.31 and a 1-year high of $426.75.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 earnings per share for the quarter, topping analysts’ consensus estimates of $2.52 by $0.20. Home Depot had a net margin of 8.77% and a return on equity of 160.74%. The firm had revenue of $38.20 billion during the quarter, compared to analyst estimates of $38.01 billion. During the same period in the prior year, the business earned $3.13 EPS. The company’s revenue for the quarter was down 3.8% compared to the same quarter last year. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. On average, equities research analysts anticipate that Home Depot will post 15.13 EPS for the current year.

Insider Buying and Selling

In other news, EVP Teresa Wynn Roseborough sold 2,872 shares of the firm’s stock in a transaction on Friday, December 26th. The stock was sold at an average price of $348.52, for a total value of $1,000,949.44. Following the transaction, the executive vice president directly owned 13,196 shares in the company, valued at $4,599,069.92. This trade represents a 17.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Ann Marie Campbell sold 145 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $358.26, for a total transaction of $51,947.70. Following the sale, the executive vice president owned 12,320 shares of the company’s stock, valued at $4,413,763.20. This trade represents a 1.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 4,963 shares of company stock worth $1,748,845 in the last quarter. Corporate insiders own 0.10% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of HD. Vanguard Group Inc. grew its stake in shares of Home Depot by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 99,635,779 shares of the home improvement retailer’s stock worth $34,284,672,000 after buying an additional 1,325,748 shares in the last quarter. State Street Corp lifted its position in shares of Home Depot by 1.8% during the fourth quarter. State Street Corp now owns 46,925,342 shares of the home improvement retailer’s stock valued at $16,147,010,000 after buying an additional 825,164 shares during the last quarter. Geode Capital Management LLC grew its holdings in Home Depot by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 23,756,142 shares of the home improvement retailer’s stock worth $8,151,344,000 after purchasing an additional 343,153 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Home Depot by 5.6% during the fourth quarter. Bank of America Corp DE now owns 16,063,532 shares of the home improvement retailer’s stock valued at $5,527,461,000 after acquiring an additional 851,029 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Home Depot by 7.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 15,471,132 shares of the home improvement retailer’s stock worth $5,323,620,000 after buying an additional 1,113,114 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Key Stories Impacting Home Depot

Here are the key news stories impacting Home Depot this week:

• Positive Sentiment: Q4 beat on profit and revenue — HD topped EPS and revenue estimates, driven by margin gains and B2B strength, which supports the company’s cash flow and dividend policy. Home Depot press release
• Positive Sentiment: Dividend increase — board raised the quarterly payout ~1.3% (maintains yield and signals capital-return priority for income investors). Press Release – Dividend
• Positive Sentiment: Analyst support — several firms raised price targets and reiterated buy/overweight ratings after the results, giving upside potential versus current levels. Benzinga — analyst raises
• Neutral Sentiment: FY26 guidance is modest — management expects low‑single‑digit sales and EPS growth (comps roughly flat to +2%), a measured recovery that keeps expectations contained but doesn’t spark a strong re‑rating. FY26 guidance
• Neutral Sentiment: Mixed market reaction — the stock initially rose on the beat but is seeing intraday pullback as investors weigh forward commentary and sector outlooks.
• Negative Sentiment: Category jitters after rival guidance — a major competitor issued cautious forward commentary, renewing fears that high rates and low housing turnover will keep demand uneven and press discretionary projects; that broad sentiment is pressuring HD. QuiverQuant — rival guidance impact
• Negative Sentiment: Soft same‑store and YoY sales — revenue fell ~3.8% YoY and management flagged consumers delaying projects, which raises near‑term growth uncertainty. CNBC — sales decline
• Negative Sentiment: Sentiment/risk notes — CEO comments about customers “not investing,” some analyst criticism of valuation and visible insider selling add to cautious sentiment and could cap near‑term upside. Fortune — CEO comments

Home Depot Company Profile

The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.