Argus Reiterates Buy Rating for Home Depot (NYSE:HD)

Home Depot (NYSE:HD)‘s stock had its “buy” rating reiterated by Argus in a research report issued to clients and investors on Wednesday,Benzinga reports. They currently have a $400.00 target price on the home improvement retailer’s stock. Argus’ price objective would indicate a potential upside of 15.02% from the stock’s current price.

A number of other equities analysts have also issued reports on HD. Guggenheim reaffirmed a “buy” rating and set a $425.00 price target on shares of Home Depot in a research note on Wednesday. Piper Sandler cut their price objective on Home Depot from $422.00 to $421.00 and set an “overweight” rating for the company in a report on Wednesday, May 20th. Wall Street Zen upgraded Home Depot from a “sell” rating to a “hold” rating in a report on Tuesday, June 2nd. UBS Group lowered their target price on Home Depot from $450.00 to $430.00 and set a “buy” rating on the stock in a report on Wednesday, May 20th. Finally, Wolfe Research cut shares of Home Depot from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, June 23rd. Eighteen research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $375.54.

Home Depot Price Performance

Shares of HD stock traded up $10.27 during midday trading on Wednesday, reaching $347.75. 1,198,612 shares of the company were exchanged, compared to its average volume of 4,377,975. The company’s 50 day moving average price is $340.08 and its two-hundred day moving average price is $340.97. The company has a market cap of $346.75 billion, a P/E ratio of 24.72, a PEG ratio of 4.08 and a beta of 0.95. Home Depot has a 12 month low of $289.10 and a 12 month high of $426.75. The company has a debt-to-equity ratio of 3.23, a quick ratio of 0.28 and a current ratio of 1.04.

Home Depot (NYSE:HD) last posted 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 net margin of 8.41% and a return on equity of 117.24%. The business had revenue of $47.86 billion during the quarter, compared to analysts’ expectations of $47.24 billion. During the same period last year, the firm posted $4.68 earnings per share. The business’s revenue 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, sell-side analysts expect that Home Depot will post 14.99 earnings per share for the current year.

Hedge Funds Weigh In On Home Depot

A number of large investors have recently made changes to their positions in HD. Archer Investment Corp purchased a new position in Home Depot in the second quarter valued at about $1,958,000. Fox Hill Wealth Management purchased a new stake in shares of Home Depot during the 2nd quarter worth about $384,000. Kingsview Wealth Management LLC acquired a new stake in shares of Home Depot during the 2nd quarter valued at about $23,827,000. Henson Edgewater Management LLC bought a new stake in shares of Home Depot in the 2nd quarter valued at approximately $365,000. Finally, Beacon Pointe Advisors LLC bought a new stake in shares of Home Depot in the 2nd quarter valued at approximately $49,057,000. Institutional investors and hedge funds 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 results exceeded expectations: Adjusted EPS was $4.92 versus the $4.73 consensus, while revenue rose 5.7% year over year to $47.86 billion, above estimates of approximately $47.24 billion. Home Depot reaffirms guidance amid frozen housing market conditions
• Positive Sentiment: Comparable sales showed resilience: Companywide comparable sales increased 1.7%, including a 1.3% gain in the U.S.—the strongest comparable-sales performance since 2022. Customers are completing smaller repair and maintenance projects, and average ticket growth of 2.8% offset a 1.0% decline in transactions. Home Depot beats quarterly sales estimates on steady repair demand
• Positive Sentiment: Management reaffirmed fiscal 2026 guidance and analysts see potential for the stock to move toward $375 or higher. Home Depot also expanded three-hour Express Delivery nationwide, using more than 2,000 stores as fulfillment hubs to strengthen its Pro and do-it-yourself online business. Home Depot analysts see a path to $375 and beyond
• Neutral Sentiment: CEO Ted Decker’s medical leave remains an uncertainty for investors, but the earnings report indicated continued operational execution under the existing management team. Home Depot reports higher sales, but its CEO is on medical leave
• Negative Sentiment: The housing recovery is not yet visible: Management described conditions as a “frozen housing market,” with customers avoiding large-ticket renovations. Weak housing starts and elevated mortgage rates could limit future sales growth. Home Depot just flashed a housing market warning
• Negative Sentiment: A $730 million tariff refund largely offset rising costs, limiting its benefit to profits. High Treasury yields and Home Depot’s relatively high valuation—about 24 times earnings—also remain potential headwinds.

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.