Home Depot (NYSE:HD) Price Target Cut to $394.00 by Analysts at Truist Financial

Home Depot (NYSE:HD) had its target price reduced by research analysts at Truist Financial from $424.00 to $394.00 in a report issued on Wednesday,MarketScreener reports. The brokerage presently has a “buy” rating on the home improvement retailer’s stock. Truist Financial’s price target would indicate a potential upside of 29.46% from the stock’s current price.

Other research analysts have also recently issued reports about the company. KeyCorp reissued a “sector weight” rating on shares of Home Depot in a report on Wednesday, February 25th. Wall Street Zen cut shares of Home Depot from a “hold” rating to a “sell” rating in a research report on Saturday. BNP Paribas Exane cut their price target on shares of Home Depot from $391.00 to $348.00 and set a “neutral” rating for the company in a report on Tuesday, March 24th. Gordon Haskett reduced their price target on shares of Home Depot from $395.00 to $330.00 in a research report on Friday, May 8th. Finally, Citigroup decreased their price objective on shares of Home Depot from $450.00 to $400.00 and set a “buy” rating on the stock in a research note on Tuesday. Twenty analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $408.10.

Home Depot Price Performance

Shares of HD stock traded down $6.12 during trading hours on Wednesday, hitting $304.34. The company had a trading volume of 579,562 shares, compared to its average volume of 4,152,035. Home Depot has a 12 month low of $303.51 and a 12 month high of $426.75. The company has a debt-to-equity ratio of 3.62, a quick ratio of 0.26 and a current ratio of 1.06. The firm’s fifty day moving average is $335.81 and its 200 day moving average is $355.95. The firm has a market capitalization of $303.13 billion, a price-to-earnings ratio of 21.41, a PEG ratio of 3.59 and a beta of 1.00.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 EPS for the quarter, topping the consensus estimate of $2.52 by $0.20. Home Depot had a return on equity of 134.32% and a net margin of 8.60%.The business had revenue of $38.20 billion during the quarter, compared to the consensus estimate of $38.01 billion. During the same quarter last year, the company earned $3.13 EPS. Home Depot’s revenue was down 3.8% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. On average, sell-side analysts predict that Home Depot will post 15.03 EPS for the current fiscal 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 shares were sold at an average price of $368.89, for a total value of $940,669.50. Following the completion of the sale, the chief financial officer owned 44,566 shares in the company, valued at approximately $16,439,951.74. This trade represents a 5.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.08% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Home Depot

Large investors have recently modified their holdings of the stock. Silphium Asset Management Ltd raised its position in shares of Home Depot by 77.2% during the third quarter. Silphium Asset Management Ltd now owns 13,544 shares of the home improvement retailer’s stock worth $5,488,000 after purchasing an additional 5,900 shares during the period. Truist Financial Corp grew its position in shares of Home Depot by 0.3% in the 3rd quarter. Truist Financial Corp now owns 1,095,113 shares of the home improvement retailer’s stock valued at $443,729,000 after purchasing an additional 3,608 shares during the period. Atlantic Union Bankshares Corp increased its stake in Home Depot by 59.9% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 107,438 shares of the home improvement retailer’s stock worth $43,533,000 after purchasing an additional 40,232 shares in the last quarter. Carnegie Investment Counsel increased its stake in Home Depot by 24.8% during the 4th quarter. Carnegie Investment Counsel now owns 108,306 shares of the home improvement retailer’s stock worth $37,268,000 after purchasing an additional 21,545 shares in the last quarter. Finally, Savvy Advisors Inc. raised its holdings in Home Depot by 36.0% during the 4th quarter. Savvy Advisors Inc. now owns 19,478 shares of the home improvement retailer’s stock worth $6,703,000 after buying an additional 5,152 shares during the period. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Key Home Depot News

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

• Positive Sentiment: J.P. Morgan reiterated a Buy rating, citing resilient spring demand, strength with professional customers, and improving big-ticket sales momentum, which supports the bullish case for Home Depot. Article Title
• Positive Sentiment: Home Depot was included in lists of blue-chip dividend stocks and stocks that could benefit if inflation cools, reinforcing its appeal as a defensive, income-oriented name. Article Title
• Neutral Sentiment: Market commentary suggested investors are reconsidering whether HD is now attractive after recent share-price weakness, but the article framed this as a valuation debate rather than a clear catalyst. Article Title
• Neutral Sentiment: SRS Distribution completed its acquisition of HVAC distributor Mingledorff’s, expanding Home Depot’s pro-oriented distribution footprint, though the immediate stock reaction appeared limited. Article Title
• Negative Sentiment: Analysts expect a decline in upcoming earnings, adding pressure to sentiment ahead of future results and reinforcing concerns that demand remains uneven. Article Title
• Negative Sentiment: Broader market commentary flagged Home Depot as vulnerable to higher rates and weaker discretionary spending, with investors postponing big-ticket home projects. Article Title

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.