Home Depot (NYSE:HD – Get Free Report) was upgraded by research analysts at Melius Research to a “strong-buy” rating in a report issued on Tuesday, Zacks reports.
A number of other research firms have also weighed in on HD. Jefferies Financial Group restated a “buy” rating and issued a $398.00 target price on shares of Home Depot in a report on Tuesday, August 18th. Truist Financial boosted their price objective on Home Depot from $369.00 to $373.00 and gave the stock a “buy” rating in a report on Wednesday, August 19th. Wolfe Research downgraded Home Depot from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, June 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Home Depot in a research note on Friday, October 2nd. Finally, Wells Fargo & Company raised their target price on Home Depot from $360.00 to $400.00 and gave the company an “overweight” rating in a report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $375.93.
Home Depot Stock Performance
Home Depot (NYSE:HD – Get Free Report) last announced its quarterly earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 EPS for the quarter, beating analysts’ consensus estimates of $4.73 by $0.19. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. The business had revenue of $47.86 billion during the quarter, compared to analyst estimates of $47.24 billion. During the same quarter in the previous year, the business posted $4.68 EPS. Home Depot’s quarterly revenue was up 5.7% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Sell-side analysts predict that Home Depot will post 15.01 earnings per share for the current fiscal year.
Insider Activity
In other news, CFO Richard V. Mcphail sold 5,989 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $348.40, for a total value of $2,086,567.60. Following the transaction, the chief financial officer owned 48,104 shares in the company, valued at $16,759,433.60. The trade was a 11.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Teresa Roseborough sold 2,455 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $328.77, for a total value of $807,130.35. Following the completion of the transaction, the executive vice president directly owned 14,061 shares of the company’s stock, valued at approximately $4,622,834.97. This represents a 14.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 9,829 shares of company stock worth $3,339,314. Corporate insiders own 0.08% of the company’s stock.
Institutional Trading of Home Depot
A number of hedge funds have recently bought and sold shares of HD. Echo45 Advisors LLC boosted its position in Home Depot by 21.1% in the third quarter. Echo45 Advisors LLC now owns 919 shares of the home improvement retailer’s stock worth $261,000 after purchasing an additional 160 shares during the last quarter. Moody National Bank Trust Division increased its position in shares of Home Depot by 14.5% during the 3rd quarter. Moody National Bank Trust Division now owns 12,851 shares of the home improvement retailer’s stock valued at $3,656,000 after purchasing an additional 1,624 shares during the last quarter. Hall Laurie J Trustee increased its position in shares of Home Depot by 1.5% during the 3rd quarter. Hall Laurie J Trustee now owns 13,667 shares of the home improvement retailer’s stock valued at $3,888,000 after purchasing an additional 200 shares during the last quarter. QRG Capital Management Inc. raised its stake in shares of Home Depot by 7.0% during the 2nd quarter. QRG Capital Management Inc. now owns 172,877 shares of the home improvement retailer’s stock worth $60,970,000 after purchasing an additional 11,256 shares during the period. Finally, Envestnet Portfolio Solutions Inc. raised its stake in shares of Home Depot by 9.6% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 49,096 shares of the home improvement retailer’s stock worth $17,315,000 after purchasing an additional 4,292 shares during the period. 70.86% of the stock is currently owned by institutional investors.
Home Depot News Summary
Here are the key news stories impacting Home Depot this week:
- Positive Sentiment: Traders purchased 33,592 HD call options, roughly 54% above the average daily volume. The activity may indicate increased bullish speculation or hedging demand, although options flow does not guarantee future gains.
- Positive Sentiment: Melius Research initiated coverage with a Buy rating and a $397 price target, implying substantial upside from recent trading levels. The firm’s constructive view of home-improvement retailers helped support the stock. Home Depot Stock Is Down 17% in 2026. Here’s Why Melius Still Sees $397
- Positive Sentiment: Analysts have reportedly raised earnings forecasts ahead of Home Depot’s results, reinforcing expectations that improving business trends could help the retailer recover from its 2026 decline. Should Analyst Upgrades to Earnings Forecasts Require Action From Home Depot Investors?
- Positive Sentiment: Home Depot’s roughly 5.4% free-cash-flow yield is above the S&P 500 median, making the shares appear attractively valued if housing and consumer demand stabilize. Why Is Everyone Ignoring Home Depot Stock’s High Cash Yield?
- Neutral Sentiment: The company announced its 2026 Innovation Award winners, highlighting products designed to simplify DIY and professional renovation projects. The announcement supports Home Depot’s merchandising strategy but is unlikely to materially change near-term earnings. The Home Depot Announces 2026 Innovation Award Winners
- Negative Sentiment: Technical analysts warned that the area near $288 could act as resistance; failure to reclaim it convincingly could renew the downtrend. Home Depot is also trading below its key moving averages after a significant year-to-date decline. Stock of the Day: Will Home Depot Continue to Trend Lower?
- Negative Sentiment: Weakness across consumer discretionary and staples stocks, combined with investor concerns that high interest rates are limiting housing activity, continues to weigh on the broader backdrop for HD. Jim Cramer Sees Little Relief for Home Depot Until Rates Fall
Home Depot Company Profile
The Home Depot, Inc (NYSE: HD) is a home improvement retailer serving do-it-yourself customers, professional contractors, and other trade professionals. The company sells building materials, appliances, décor, hardware, plumbing and electrical supplies, tools, outdoor products, and lawn and garden merchandise through its retail stores and digital platforms.
Home Depot also provides services such as installation, equipment rental, delivery, and project support. Its professional customer offerings include job-lot quantities, delivery solutions, credit services, and tools designed to help contractors manage construction and renovation projects.
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