Home Depot (NYSE:HD) Given “Buy” Rating at DA Davidson

Home Depot (NYSE:HD)‘s stock had its “buy” rating restated by DA Davidson in a research note issued to investors on Wednesday,Benzinga reports. They presently have a $377.00 price objective on the home improvement retailer’s stock. DA Davidson’s price target would suggest a potential upside of 9.98% from the company’s previous close.

Other analysts have also recently issued reports about the company. KeyCorp reiterated a “sector weight” rating on shares of Home Depot in a research report on Wednesday. Gordon Haskett increased their target price on Home Depot from $320.00 to $330.00 in a research report on Friday, June 12th. Truist Financial raised their target price on Home Depot from $369.00 to $373.00 and gave the company a “buy” rating in a research note on Wednesday. Wolfe Research downgraded shares of Home Depot from an “outperform” rating to a “peer perform” rating in a report on Tuesday, June 23rd. Finally, Morgan Stanley lowered their price target on shares of Home Depot from $420.00 to $400.00 and set an “overweight” rating for the company in a research report on Wednesday, May 20th. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and an average price target of $375.54.

Home Depot Stock Up 1.6%

Shares of Home Depot stock traded up $5.30 during trading hours on Wednesday, hitting $342.79. 2,004,717 shares of the company’s stock traded hands, compared to its average volume of 4,383,754. Home Depot has a twelve month low of $289.10 and a twelve month high of $426.75. The company has a market cap of $341.80 billion, a PE ratio of 24.30, a PEG ratio of 4.08 and a beta of 0.95. The company has a quick ratio of 0.28, a current ratio of 1.04 and a debt-to-equity ratio of 3.23. The stock has a 50 day simple moving average of $340.08 and a 200-day simple moving average of $340.97.

Home Depot (NYSE:HD) last announced its quarterly earnings data 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. The company had revenue of $47.86 billion during the quarter, compared to analyst estimates of $47.24 billion. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period last year, the business earned $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Equities research analysts anticipate that Home Depot will post 14.99 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in Home Depot by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 99,635,779 shares of the home improvement retailer’s stock worth $34,284,672,000 after purchasing an additional 1,325,748 shares during the period. BlackRock Inc. acquired a new position in Home Depot during the 2nd quarter valued at about $28,771,247,000. State Street Corp raised its position in shares of Home Depot by 1.8% during the 4th quarter. State Street Corp now owns 46,925,342 shares of the home improvement retailer’s stock worth $16,147,010,000 after buying an additional 825,164 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Home Depot by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 23,756,142 shares of the home improvement retailer’s stock worth $8,151,344,000 after buying an additional 343,153 shares in the last quarter. Finally, Bank of America Corp DE acquired a new stake in shares of Home Depot in the 2nd quarter worth approximately $5,780,468,000. Institutional investors own 70.86% of the company’s stock.

Key Home Depot News

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

• Positive Sentiment: Quarterly earnings beat expectations: Home Depot reported adjusted EPS of $4.92 versus the $4.73 consensus and revenue of $47.86 billion versus expectations of roughly $47.24 billion. Revenue rose 5.7% year over year, supported by repair, maintenance, and smaller home-improvement projects. Home Depot beats quarterly sales estimates on steady repair demand
• Positive Sentiment: Comparable sales showed resilience: Total comparable sales increased 1.7%, including a 1.3% gain in the U.S., the company’s strongest comparable-sales performance since 2022. Customers made fewer trips but spent more per visit, indicating continued demand despite high borrowing and housing costs. Home Depot Posts Its Best Comparable Sales Since 2022
• Positive Sentiment: Analyst support strengthened: Argus reaffirmed a Buy rating with a $400 price target, while Guggenheim reiterated Buy and set a $425 target. These targets imply meaningful upside from recent trading levels and reinforce the view that the company is gaining market share while the housing downturn stabilizes.
• Positive Sentiment: Omnichannel investment could support growth: Home Depot expanded its Express Delivery service nationwide, using more than 2,000 U.S. stores as fulfillment hubs to deliver products to Pro and do-it-yourself customers in as little as three hours. The Home Depot Expands Nationwide Express Delivery
• Neutral Sentiment: Analyst views remain mixed: KeyCorp maintained a Sector Weight rating, while Royal Bank of Canada lowered its price target from $343 to $342 and kept a Sector Perform rating. This suggests the earnings beat has not yet convinced all analysts that a broad housing recovery is underway.
• Negative Sentiment: Housing and cost pressures persist: Management described housing conditions as “frozen,” with customers avoiding larger renovations. A $730 million tariff refund was largely offset by rising costs, limiting its benefit to profitability. The company also maintained full-year guidance, whose EPS and revenue ranges are slightly below consensus midpoint expectations. CEO Ted Decker’s medical leave adds another uncertainty for investors.

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.