Home Depot (NYSE:HD – Get Free Report) had its target price raised by research analysts at Stifel Nicolaus from $320.00 to $340.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a “hold” rating on the home improvement retailer’s stock. Stifel Nicolaus’ target price suggests a potential upside of 0.53% from the company’s current price.
Several other research firms have also issued reports on HD. BNP Paribas Exane lowered their price target on Home Depot from $348.00 to $325.00 and set a “neutral” rating for the company in a research report on Tuesday, May 19th. Bank of America started coverage on shares of Home Depot in a report on Tuesday, May 5th. They set a “buy” rating and a $374.00 price target on the stock. Weiss Ratings upgraded shares of Home Depot from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 7th. Sanford C. Bernstein set a $344.00 target price on Home Depot in a research note on Wednesday. Finally, Wells Fargo & Company boosted their price target on Home Depot from $360.00 to $400.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 11th. Eighteen research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $373.89.
View Our Latest Report on Home Depot
Home Depot Price Performance
Home Depot (NYSE:HD – Get Free Report) last released its earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share for the quarter, topping analysts’ consensus estimates of $3.41 by $0.02. The firm had revenue of $41.77 billion for the quarter, compared to the consensus estimate of $41.59 billion. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The company’s revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.56 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Research analysts expect that Home Depot will post 15 EPS for the current fiscal year.
Institutional Investors Weigh In On Home Depot
Several large investors have recently bought and sold shares of HD. Ausdal Financial Partners Inc. bought a new position in Home Depot during the second quarter valued at $4,569,000. Bamco Inc. NY bought a new position in shares of Home Depot in the 2nd quarter valued at about $58,229,000. Bank of America Corp DE purchased a new position in Home Depot in the second quarter worth about $5,780,468,000. Bcwm LLC purchased a new position in Home Depot in the second quarter worth about $13,158,000. Finally, Birmingham Capital Management Co. Inc. AL bought a new stake in Home Depot during the second quarter worth approximately $705,000. Institutional investors own 70.86% of the company’s stock.
Home Depot News Roundup
Here are the key news stories impacting Home Depot this week:
- Positive Sentiment: Wall Street analysts remain broadly supportive ahead of earnings, with recent forecast and price-target updates suggesting potential upside if Home Depot delivers solid comparable-store sales and maintains its outlook. Analysts are currently expecting approximately $4.73 in quarterly earnings per share. Home Depot Gears Up for Q2 Print
- Positive Sentiment: Professional-contractor demand could provide a key earnings support, potentially offsetting softer do-it-yourself spending and a housing market constrained by elevated mortgage rates. Strong big-ticket sales, comparable-store results, or improved guidance could reinforce a recovery case for HD. Home Depot Earnings Preview
- Positive Sentiment: The Bill & Melinda Gates Foundation Trust reportedly established an approximately $353 million Home Depot position during the second quarter, providing a notable institutional vote of confidence despite the stock’s longer-term decline. Bill Gates’ Portfolio Added Home Depot
- Neutral Sentiment: Home Depot’s earnings are part of a major retail reporting week that also includes Walmart, Target and TJX. Results across the group may provide investors with broader evidence about consumer spending and retail demand. Retail Earnings and Other Key Things to Watch
- Negative Sentiment: Comparable customer transactions declined 1.3% in the fiscal first quarter, marking five consecutive quarters of declines. The average ticket increased 2.3% to $92.76, indicating larger purchases are not fully offsetting fewer customer visits. Home Depot’s Customer Transactions Have Fallen
- Negative Sentiment: CEO Ted Decker’s temporary medical leave, announced just days before the earnings release, introduces leadership uncertainty and may increase investor sensitivity to the company’s guidance and interim-management plans. Home Depot CEO Takes Medical Leave
About Home Depot
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.
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