Home Depot (NYSE:HD) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Home Depot (NYSE:HD) had its price target hoisted by equities research analysts at JPMorgan Chase & Co. from $396.00 to $400.00 in a report released on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the home improvement retailer’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 12.51% from the company’s current price.

A number of other research analysts also recently issued reports on HD. Truist Financial boosted their price target on Home Depot from $369.00 to $373.00 and gave the company a “buy” rating in a report on Wednesday, August 19th. Guggenheim reaffirmed a “buy” rating and set a $425.00 price objective on shares of Home Depot in a research note on Wednesday, August 19th. UBS Group reaffirmed a “buy” rating on shares of Home Depot in a research note on Thursday, September 17th. Jefferies Financial Group reaffirmed a “buy” rating and set a $398.00 target price on shares of Home Depot in a report on Tuesday, August 18th. Finally, Melius Research set a $397.00 target price on shares of Home Depot in a research note on Tuesday, October 6th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Home Depot has an average rating of “Moderate Buy” and an average price target of $375.45.

Home Depot Stock Performance

HD traded up $12.06 during midday trading on Monday, hitting $355.53. 2,731,710 shares of the company were exchanged, compared to its average volume of 4,480,432. The company’s 50 day simple moving average is $309.42 and its 200 day simple moving average is $334.08. The firm has a market capitalization of $354.71 billion, a price-to-earnings ratio of 24.91, a price-to-earnings-growth ratio of 2.44 and a beta of 0.93. Home Depot has a 1-year low of $277.15 and a 1-year high of $397.63. The company has a current ratio of 1.08, a quick ratio of 0.31 and a debt-to-equity ratio of 2.64.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (EPS) for the quarter, beating 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 business had revenue of $47.86 billion during the quarter, compared to analysts’ expectations of $47.24 billion. During the same quarter in the previous year, the firm posted $4.68 EPS. 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. As a group, sell-side analysts predict that Home Depot will post 15.01 earnings per share for the current year.

Insider Activity at Home Depot

In other news, EVP Michael Rowe sold 710 shares of the business’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $336.76, for a total transaction of $239,099.60. Following the completion of the sale, the executive vice president owned 6,838 shares of the company’s stock, valued at $2,302,764.88. The trade was a 9.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Richard McPhail sold 5,989 shares of the company’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $348.40, for a total transaction of $2,086,567.60. Following the transaction, the chief financial officer owned 48,104 shares of the company’s stock, valued at approximately $16,759,433.60. This trade represents a 11.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 9,829 shares of company stock worth $3,339,314 in the last ninety days. 0.08% of the stock is owned by company insiders.

Hedge Funds Weigh In On Home Depot

A number of hedge funds have recently made changes to their positions in HD. Winning Points Advisors LLC lifted its stake in Home Depot by 1.0% in the 2nd quarter. Winning Points Advisors LLC now owns 2,891 shares of the home improvement retailer’s stock worth $1,020,000 after purchasing an additional 30 shares in the last quarter. Beaird Harris Wealth Management LLC increased its holdings in shares of Home Depot by 1.6% in the second quarter. Beaird Harris Wealth Management LLC now owns 1,945 shares of the home improvement retailer’s stock valued at $686,000 after purchasing an additional 31 shares during the last quarter. Family Capital Management Inc. increased its holdings in shares of Home Depot by 3.4% in the third quarter. Family Capital Management Inc. now owns 949 shares of the home improvement retailer’s stock valued at $270,000 after purchasing an additional 31 shares during the last quarter. Poehling Capital Management INC. boosted its stake in Home Depot by 3.1% during the second quarter. Poehling Capital Management INC. now owns 1,054 shares of the home improvement retailer’s stock worth $372,000 after buying an additional 32 shares during the last quarter. Finally, Cornerstone Wealth Management LLC grew its holdings in Home Depot by 0.3% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 11,140 shares of the home improvement retailer’s stock valued at $3,929,000 after buying an additional 32 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

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.