Home Depot (NYSE:HD) Given New $410.00 Price Target at Telsey Advisory Group

Home Depot (NYSE:HD) had its price objective dropped by Telsey Advisory Group from $435.00 to $410.00 in a note issued to investors on Wednesday. The brokerage currently has an “outperform” rating on the home improvement retailer’s stock. Telsey Advisory Group’s price target indicates a potential upside of 35.66% from the stock’s previous close.

A number of other research analysts also recently weighed in on HD. Robert W. Baird reduced their target price on Home Depot from $430.00 to $380.00 and set an “outperform” rating on the stock in a report on Wednesday. Oppenheimer dropped their price target on Home Depot from $405.00 to $310.00 and set a “market perform” rating on the stock in a research report on Monday. TD Cowen reiterated a “buy” rating on shares of Home Depot in a research note on Thursday, March 12th. Piper Sandler lowered their price objective on Home Depot from $422.00 to $421.00 and set an “overweight” rating for the company in a research note on Friday. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Home Depot in a report on Friday, March 27th. 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 company. According to data from MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and a consensus target price of $385.62.

Home Depot Price Performance

Shares of Home Depot stock opened at $302.23 on Wednesday. The business has a 50 day moving average of $329.41 and a 200 day moving average of $353.04. Home Depot has a 52 week low of $289.10 and a 52 week high of $426.75. The company has a market cap of $301.03 billion, a PE ratio of 21.24, a P/E/G ratio of 3.46 and a beta of 1.00. The company has a quick ratio of 0.26, a current ratio of 1.06 and a debt-to-equity ratio of 3.62.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 EPS for the quarter, topping the consensus estimate of $3.41 by $0.02. Home Depot had a net margin of 8.60% and a return on equity of 134.32%. The business had revenue of $41.77 billion during the quarter, compared to analyst estimates of $41.59 billion. During the same period in the prior year, the business earned $3.56 EPS. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, equities research analysts forecast that Home Depot will post 15.02 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Richard V. Mcphail sold 2,550 shares of Home Depot stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $368.89, for a total transaction of $940,669.50. Following the transaction, the chief financial officer owned 44,566 shares in the company, valued at $16,439,951.74. This trade represents a 5.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.08% of the company’s stock.

Institutional Trading of Home Depot

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Western Wealth Management LLC boosted its position in shares of Home Depot by 82.7% in the first quarter. Western Wealth Management LLC now owns 23,104 shares of the home improvement retailer’s stock worth $7,599,000 after purchasing an additional 10,458 shares during the period. Orographic Financial Advisors LLC bought a new position in Home Depot in the 1st quarter worth $1,152,000. Cornerstone Wealth LLC TN purchased a new stake in Home Depot in the 1st quarter worth $794,000. Royal Fund Management LLC raised its holdings in Home Depot by 2.5% during the first quarter. Royal Fund Management LLC now owns 2,286 shares of the home improvement retailer’s stock valued at $752,000 after acquiring an additional 56 shares during the period. Finally, Ariadne Wealth Management LP raised its holdings in Home Depot by 1.2% during the first quarter. Ariadne Wealth Management LP now owns 3,501 shares of the home improvement retailer’s stock valued at $1,151,000 after acquiring an additional 40 shares during the period. Hedge funds and other institutional investors 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: Home Depot beat first-quarter expectations, posting EPS of $3.43 on revenue of $41.77 billion, while revenue rose 4.8% year over year and comparable sales increased 0.6%. Reuters article
• Positive Sentiment: The company reaffirmed full-year fiscal 2026 guidance, easing investor concerns that macro weakness would force a cut to its outlook. PR Newswire article
• Positive Sentiment: Management said Pro customer demand, digital growth, and distribution expansion are helping offset softness in larger home-improvement projects. Zacks article

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.