Home Depot (NYSE:HD) Stock Gets Price Target Bump from Sanford C. Bernstein

Home Depot (NYSE:HD) had its target price lifted by research analysts at Sanford C. Bernstein from $344.00 to $357.00 in a research note issued on Tuesday, Benzinga reports. The firm currently has a “market perform” rating on the home improvement retailer’s stock. Sanford C. Bernstein‘s price objective would suggest a potential upside of 2.37% from the stock’s current price.

A number of other research analysts have also recently weighed in on HD. TD Cowen reiterated a “buy” rating on shares of Home Depot in a report on Monday, August 10th. Truist Financial upped their price objective on Home Depot from $369.00 to $373.00 and gave the stock a “buy” rating in a research note on Wednesday, August 19th. Jefferies Financial Group restated a “buy” rating and set a $398.00 price target on shares of Home Depot in a research report on Tuesday, August 18th. Stifel Nicolaus cut their price objective on Home Depot from $346.00 to $322.00 and set a “hold” rating for the company in a research report on Monday, October 26th. Finally, KeyCorp reissued a “sector weight” rating on shares of Home Depot in a research report on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $375.90.

Home Depot Price Performance

Shares of NYSE HD opened at $348.75 on Tuesday. The company has a current ratio of 1.08, a quick ratio of 0.31 and a debt-to-equity ratio of 2.64. The stock has a market cap of $347.94 billion, a P/E ratio of 24.49, a P/E/G ratio of 2.53 and a beta of 0.93. Home Depot has a twelve month low of $277.15 and a twelve month high of $397.63. The stock has a 50 day moving average of $309.90 and a two-hundred day moving average of $333.92.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share for the quarter, topping the consensus estimate of $4.73 by $0.19. Home Depot had a return on equity of 106.42% and a net margin of 8.41%. The firm had revenue of $47.86 billion during the quarter, compared to the consensus estimate of $47.24 billion. During the same period last year, the company earned $4.68 earnings per share. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, research analysts forecast that Home Depot will post 15.01 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Richard V. Mcphail sold 5,989 shares of the business’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $348.40, for a total transaction of $2,086,567.60. Following the transaction, the chief financial officer directly owned 48,104 shares in the company, valued at approximately $16,759,433.60. The trade was a 11.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Teresa Roseborough sold 2,455 shares of the firm’s stock in a transaction 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 sale, the executive vice president directly owned 14,061 shares of the company’s stock, valued at $4,622,834.97. This represents a 14.86% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 9,829 shares of company stock worth $3,339,314 in the last ninety days. 0.08% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Home Depot in the 2nd quarter valued at $28,771,247,000. Bank of America Corp DE purchased a new stake in shares of Home Depot in the second quarter worth approximately $5,780,468,000. Bank of New York Mellon Corp purchased a new position in Home Depot during the second quarter worth about $2,777,396,000. Corient Private Wealth LP purchased a new stake in shares of Home Depot during the 2nd quarter valued at $390,913,000. Finally, Legal & General Group Plc purchased a new stake in Home Depot in the second quarter worth $1,953,883,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Home Depot

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

• Positive Sentiment: JPMorgan raised its price target to $400 from $396 and reiterated an “overweight” rating, signaling confidence in potential upside. JPMorgan rating update
• Neutral Sentiment: Analysts remain cautiously optimistic overall, though the company has lagged the broader market over the past year. Home Depot Stock: Analyst Estimates & Ratings
• Negative Sentiment: A Seeking Alpha analysis recommends holding ahead of Q3 earnings and says transactions need to turn positive, underscoring uncertainty about demand and near-term catalysts. Home Depot: Hold Into Q3 Earnings, Transactions Must Turn Positive
• Negative Sentiment: 71 West Capital Partners cut its Home Depot stake by 18.2% in the third quarter, a modest negative signal, though one investor’s sale does not establish a broader trend. 71 West Capital Partners share sale
• Negative Sentiment: A recent investor-focused article cites a housing slowdown, costly debt and valuation concerns as challenges to renewed growth. Home Depot’s long-term shareholder returns and current challenges

About Home Depot

The Home Depot, Inc is a home improvement retailer serving do-it-yourself customers, professional contractors and other businesses. The company sells building materials, tools, hardware, appliances, paint, flooring, and products for home maintenance, repair and renovation, as well as lawn and garden supplies.

In addition to its retail stores and online channels, Home Depot offers services such as product delivery, equipment rental and home improvement installation. The company was founded in 1978 and is headquartered in Atlanta, Georgia.