Home Depot (NYSE:HD) Coverage Initiated at Bank of America

Equities research analysts at Bank of America began coverage on shares of Home Depot (NYSE:HD) in a report released on Tuesday. The firm set a “buy” rating and a $374.00 price target on the home improvement retailer’s stock. Bank of America‘s price target indicates a potential upside of 19.66% from the company’s current price.

Several other equities research analysts have also recently commented on the stock. BNP Paribas Exane cut their price target on shares of Home Depot from $391.00 to $348.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 24th. UBS Group restated an “outperform” rating on shares of Home Depot in a research note on Tuesday, March 24th. The Goldman Sachs Group lowered their price objective on shares of Home Depot from $413.00 to $409.00 in a research note on Wednesday, February 25th. Truist Financial set a $424.00 price objective on shares of Home Depot in a research note on Tuesday, February 24th. Finally, TD Cowen restated a “buy” rating on shares of Home Depot in a research note on Thursday, March 12th. Twenty investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus price target of $412.24.

Home Depot Trading Down 3.5%

HD opened at $312.55 on Tuesday. The firm’s fifty day simple moving average is $343.27 and its 200 day simple moving average is $359.02. The company has a current ratio of 1.06, a quick ratio of 0.26 and a debt-to-equity ratio of 3.62. Home Depot has a 12 month low of $312.26 and a 12 month high of $426.75. The stock has a market capitalization of $311.31 billion, a P/E ratio of 21.96, a P/E/G ratio of 3.54 and a beta of 1.00.

Home Depot (NYSE:HD) last issued its quarterly 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 net margin of 8.60% and a return on equity of 134.32%. The firm had revenue of $38.20 billion for the quarter, compared to analysts’ expectations of $38.01 billion. During the same period in the previous year, the firm posted $3.13 EPS. The company’s revenue for the quarter was down 3.8% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. As a group, research analysts anticipate that Home Depot will post 15.03 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Richard V. Mcphail sold 2,550 shares of the company’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 transaction, the chief financial officer owned 44,566 shares in the company, valued at approximately $16,439,951.74. This represents a 5.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.08% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of HD. Advocate Investing Services LLC acquired a new position in Home Depot in the 4th quarter valued at about $25,000. Parvin Asset Management LLC boosted its holdings in Home Depot by 110.0% in the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock valued at $26,000 after purchasing an additional 33 shares during the period. Cache Advisors LLC bought a new stake in Home Depot in the 1st quarter valued at about $27,000. Key Capital Management INC bought a new stake in Home Depot in the 4th quarter valued at about $28,000. Finally, Merkkuri Wealth Advisors LLC bought a new stake in Home Depot in the 1st quarter valued at about $28,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot News Roundup

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

• Positive Sentiment: Recent analyst coverage and price targets remain constructive (median target ~$422), signaling continued Street confidence that Home Depot’s long?term earnings power remains intact. Quiver Quantitative — HD coverage & targets
• Positive Sentiment: Home Depot recently topped EPS estimates (reported $2.72 vs. ~$2.52 consensus) and provided FY?2026 guidance, which supports headline valuation and the buy?and?hold thesis for many investors. Zacks — Investor attention on HD
• Neutral Sentiment: Brokerage consensus remains around a “moderate buy,” indicating mixed near?term conviction despite longer?term support from analysts. American Banking News — Broker ratings
• Neutral Sentiment: Investors are positioning ahead of upcoming catalysts (next scheduled quarter/updates later in May), which can amplify intraday moves as portfolios are rebalanced. Yahoo Finance — Market reaction and context
• Negative Sentiment: Macro shock: renewed Middle East tensions lifted oil and pushed a risk?off tone, hitting cyclical consumer names like Home Depot that are sensitive to discretionary spending. Quiver — Middle East energy shock analysis
• Negative Sentiment: Demand and margin pressure: housing affordability and high rates are crimping big?ticket home improvement spend; analysts and market pieces flag a still?soft renovation backdrop. Barron’s — Consumer/sector weakness
• Negative Sentiment: Operational/reputational risk from partner fallout: the abrupt U.S. Chapter 7 of Wren Kitchens left customers with stalled installs and refunds, spotlighting third?party partner exposure. Yahoo Finance — Wren Kitchens bankruptcy impact
• Negative Sentiment: Insider and institutional flows show recent selling and portfolio reductions by some large holders, which can exacerbate price moves in a risk?off session. Quiver — Insider & institutional activity
• Negative Sentiment: Policy/labor risk: commentary about potential minimum wage and labor?cost pressures has investors debating margin sensitivity for large retailers. TipRanks — Minimum wage/labor risk

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.