Robert W. Baird Cuts Home Depot (NYSE:HD) Price Target to $380.00

Home Depot (NYSE:HD) had its price target decreased by equities research analysts at Robert W. Baird from $430.00 to $380.00 in a report issued on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the home improvement retailer’s stock. Robert W. Baird’s price target indicates a potential upside of 25.73% from the stock’s current price.

Several other analysts have also recently issued reports on the company. Truist Financial set a $369.00 target price on Home Depot in a research note on Tuesday. The Goldman Sachs Group cut their target price on Home Depot from $413.00 to $409.00 in a research note on Wednesday, February 25th. Gordon Haskett cut their target price on Home Depot from $395.00 to $330.00 in a research note on Friday, May 8th. UBS Group reissued an “outperform” rating on shares of Home Depot in a research note on Tuesday, March 24th. Finally, Morgan Stanley raised their target price on Home Depot from $412.00 to $420.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 28th. Twenty investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $388.48.

Home Depot Trading Up 0.8%

NYSE HD opened at $302.23 on Wednesday. The stock’s 50-day simple moving average is $329.41 and its two-hundred day simple moving average is $353.04. Home Depot has a twelve month low of $289.10 and a twelve month high of $426.75. The company has a quick ratio of 0.26, a current ratio of 1.06 and a debt-to-equity ratio of 3.62. The company has a market capitalization of $301.03 billion, a price-to-earnings ratio of 21.24, a PEG ratio of 3.46 and a beta of 1.00.

Home Depot (NYSE:HD) last released 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. The firm had revenue of $41.77 billion for the quarter, compared to the consensus estimate of $41.59 billion. Home Depot had a return on equity of 134.32% and a net margin of 8.60%.The company’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.56 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Research analysts forecast that Home Depot will post 15.02 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Richard V. Mcphail sold 2,550 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $368.89, for a total value of $940,669.50. Following the completion of the transaction, the chief financial officer directly owned 44,566 shares in the company, valued at $16,439,951.74. The trade was a 5.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.08% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Home Depot

A number of hedge funds have recently added to or reduced their stakes in the stock. Advocate Investing Services LLC bought a new stake in shares of Home Depot during the 4th quarter valued at $25,000. Parvin Asset Management LLC grew its position in shares of Home Depot by 110.0% during the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock valued at $26,000 after acquiring an additional 33 shares during the period. Cache Advisors LLC bought a new stake in shares of Home Depot during the 1st quarter valued at $27,000. Key Capital Management INC bought a new stake in shares of Home Depot during the 4th quarter valued at $28,000. Finally, Merkkuri Wealth Advisors LLC bought a new stake in shares of Home Depot during the 1st quarter valued at $28,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Home Depot

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

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.