Home Depot (NYSE:HD – Get Free Report) had its price target cut by equities research analysts at BNP Paribas Exane from $348.00 to $325.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the home improvement retailer’s stock. BNP Paribas Exane’s price objective suggests a potential upside of 7.84% from the stock’s current price.
A number of other brokerages also recently issued reports on HD. Weiss Ratings reissued a “hold (c+)” rating on shares of Home Depot in a research note on Friday, March 27th. TD Cowen restated a “buy” rating on shares of Home Depot in a report on Thursday, March 12th. KeyCorp reiterated a “sector weight” rating on shares of Home Depot in a report on Wednesday, February 25th. UBS Group reiterated an “outperform” rating on shares of Home Depot in a report on Tuesday, March 24th. Finally, Wolfe Research restated an “outperform” rating on shares of Home Depot in a report on Tuesday. Twenty 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 stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $396.48.
Home Depot Stock Performance
Home Depot (NYSE:HD – Get Free Report) last posted its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 EPS for the quarter, beating the consensus estimate of $3.42 by $0.01. The firm had revenue of $41.77 billion during the quarter, compared to the consensus estimate of $41.59 billion. Home Depot had a return on equity of 134.32% and a net margin of 8.60%.The firm’s revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the business earned $3.56 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Sell-side analysts anticipate that Home Depot will post 15.03 earnings per share for the current year.
Insider Buying and Selling
In other Home Depot news, CFO Richard V. Mcphail sold 2,550 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $368.89, for a total value of $940,669.50. Following the transaction, the chief financial officer directly owned 44,566 shares of the company’s stock, valued at $16,439,951.74. This trade represents a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.08% of the stock is owned by company insiders.
Institutional Trading of Home Depot
A number of hedge funds and other institutional investors have recently modified their holdings of HD. Brighton Jones LLC boosted its stake in Home Depot by 36.5% in the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock valued at $10,471,000 after acquiring an additional 7,203 shares during the period. Sivia Capital Partners LLC boosted its stake in Home Depot by 7.1% in the second quarter. Sivia Capital Partners LLC now owns 2,598 shares of the home improvement retailer’s stock valued at $952,000 after acquiring an additional 173 shares during the period. Schnieders Capital Management LLC. boosted its stake in Home Depot by 14.1% in the second quarter. Schnieders Capital Management LLC. now owns 11,587 shares of the home improvement retailer’s stock valued at $4,248,000 after acquiring an additional 1,433 shares during the period. Darwin Wealth Management LLC bought a new stake in Home Depot during the second quarter worth approximately $1,773,000. Finally, Financial Advisors Network Inc. raised its holdings in Home Depot by 11.3% during the second quarter. Financial Advisors Network Inc. now owns 2,368 shares of the home improvement retailer’s stock worth $868,000 after purchasing an additional 241 shares in the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.
Key Stories Impacting Home Depot
Here are the key news stories impacting Home Depot this week:
- Positive Sentiment: Home Depot topped Wall Street estimates with adjusted EPS of $3.43 and revenue of $41.77 billion, suggesting core demand held up better than feared. Reuters article
- Positive Sentiment: The company reaffirmed its fiscal 2026 guidance, which helped ease concerns that it would have to cut its outlook amid higher rates and weak housing activity. MarketWatch article
- Positive Sentiment: Management said the “core shopper” remains engaged, with small DIY projects and professional customer demand helping offset a sluggish housing market. CNBC/Yahoo Finance article
- Neutral Sentiment: Comparable sales rose only modestly, and several reports noted that the company is still struggling to grow, which keeps the longer-term recovery story dependent on a healthier housing market. Motley Fool article
- Negative Sentiment: Some coverage highlighted pressure from inflation, high gas prices, and delayed big-ticket home projects, underscoring that consumers are still cautious and that demand could remain uneven. Investopedia article
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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