Home Depot (NYSE:HD) Price Target Cut to $415.00 by Analysts at Evercore

Home Depot (NYSE:HD) had its target price reduced by Evercore from $425.00 to $415.00 in a report published on Tuesday morning,MarketScreener reports. They currently have an outperform rating on the home improvement retailer’s stock.

HD has been the topic of a number of other reports. Robert W. Baird upped their price objective on Home Depot from $400.00 to $430.00 and gave the company an “outperform” rating in a report on Tuesday, February 17th. Wolfe Research boosted their target price on shares of Home Depot from $413.00 to $414.00 and gave the company an “outperform” rating in a research report on Wednesday, February 25th. Daiwa Securities Group upped their price target on shares of Home Depot from $360.00 to $390.00 and gave the company a “neutral” rating in a research note on Thursday, February 26th. Zacks Research raised shares of Home Depot from a “strong sell” rating to a “hold” rating in a research report on Monday, February 9th. Finally, Guggenheim lifted their price objective on shares of Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday, February 25th. Twenty analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $414.17.

Home Depot Stock Up 0.6%

NYSE HD traded up $2.08 during trading hours on Tuesday, hitting $330.97. 1,023,665 shares of the company traded hands, compared to its average volume of 4,262,547. The company has a debt-to-equity ratio of 3.62, a quick ratio of 0.26 and a current ratio of 1.06. The business’s 50-day moving average is $364.57 and its 200-day moving average is $369.31. The stock has a market capitalization of $329.65 billion, a price-to-earnings ratio of 23.26, a P/E/G ratio of 3.53 and a beta of 1.09. Home Depot has a twelve month low of $320.26 and a twelve month high of $426.75.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.52 by $0.20. The firm had revenue of $38.20 billion for the quarter, compared to analyst estimates of $38.01 billion. Home Depot had a net margin of 8.60% and a return on equity of 134.32%. The company’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.13 earnings per share. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. Sell-side analysts anticipate that Home Depot will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 12th were given a dividend of $2.33 per share. The ex-dividend date was Thursday, March 12th. This represents a $9.32 annualized dividend and a dividend yield of 2.8%. This is a positive change from Home Depot’s previous quarterly dividend of $2.30. Home Depot’s dividend payout ratio (DPR) is 65.50%.

Insider Buying and Selling at Home Depot

In other Home Depot news, CFO Richard V. Mcphail sold 2,550 shares of the business’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $368.89, for a total transaction of $940,669.50. Following the completion of the transaction, the chief financial officer owned 44,566 shares of the company’s stock, valued at approximately $16,439,951.74. The trade was a 5.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Institutional Trading of Home Depot

Hedge funds and other institutional investors have recently made changes to their positions in the company. Silphium Asset Management Ltd lifted its position in Home Depot by 77.2% in the 3rd quarter. Silphium Asset Management Ltd now owns 13,544 shares of the home improvement retailer’s stock valued at $5,488,000 after acquiring an additional 5,900 shares in the last quarter. Truist Financial Corp increased its holdings in Home Depot by 0.3% during the 3rd quarter. Truist Financial Corp now owns 1,095,113 shares of the home improvement retailer’s stock worth $443,729,000 after purchasing an additional 3,608 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in shares of Home Depot by 2.3% in the third quarter. Asset Management One Co. Ltd. now owns 534,564 shares of the home improvement retailer’s stock worth $216,600,000 after purchasing an additional 12,239 shares during the last quarter. Atlantic Union Bankshares Corp raised its stake in shares of Home Depot by 59.9% in the third quarter. Atlantic Union Bankshares Corp now owns 107,438 shares of the home improvement retailer’s stock worth $43,533,000 after purchasing an additional 40,232 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Home Depot in the third quarter valued at approximately $1,888,000. 70.86% of the stock is currently owned by institutional investors.

Key Home Depot News

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

• Positive Sentiment: The company named Dr. Franziska “Fran” Bell EVP and Chief Technology Officer to lead tech, data and AI — a move that strengthens Home Depot’s push to embed advanced AI across operations and customer experience, which investors view as a long?term growth and efficiency driver. The Home Depot Names Franziska Bell EVP and Chief Technology Officer
• Positive Sentiment: Coverage highlighting a recent senior tech hire and broader technology momentum signals confidence that behind?the?scenes tech investments will improve customer experiences and operational productivity. “Busy Behind the Scenes Making Your Life Easier,” Home Depot Stock (NYSE:HD) Gains With New Hire
• Positive Sentiment: Home Depot expanded assortments via an online distribution deal with AXIL Brands (hearing protection products), broadening product selection on HomeDepot.com and adding incremental non?seasonal sales opportunities. AXIL Brands Launches AXIL Hearing Protection Products at HomeDepot Online
• Positive Sentiment: Activity from SRS Distribution (part of Home Depot’s ecosystem) pursuing HVAC distributor deals signals tuck?in M&A and expanded market share in pro channels, which can lift longer?term sales to contractors. William Blair Says Watsco (WSO) Sell-Off Overdone Despite New Competition
• Neutral Sentiment: MarketWatch notes shares have recently risen but still underperform broader market trends — a reminder investors are picky about retail peers and cyclicality in home improvement demand. Home Depot Inc. stock rises Tuesday, still underperforms market
• Neutral Sentiment: Broader retail and e?commerce positioning is shifting as AI changes shopping behavior — a structural trend that creates both opportunity and competition from Amazon/Walmart; impact on Home Depot depends on execution. AI Shopping Shift Puts Amazon, Walmart in Focus
• Negative Sentiment: Evercore trimmed its price target to $415 from $425 while keeping an “outperform” rating — a modest negative signal that lowers upside expectations even though the firm still sees meaningful upside from current levels. Evercore ISI Adjusts PT on Home Depot to $415 from $425, Maintains Outperform Rating
• Negative Sentiment: Analyst commentary points to a slowdown in big?ticket remodel projects (growth skewing to repairs vs. remodels) as higher rates and weak housing turnover delay major projects — a near?term demand headwind for average ticket and sales growth. Home Depot Faces Big?Ticket Slowdown: Temporary or Trend?

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.