Home Depot (NYSE:HD) Price Target Raised to $400.00

Home Depot (NYSE:HD) had its price objective boosted by JPMorgan Chase & Co. from $396.00 to $400.00 in a research note published on Monday,Benzinga reports. The firm currently has an overweight rating on the home improvement retailer’s stock.

Several other research firms also recently issued reports on HD. Argus reaffirmed a “buy” rating and issued a $400.00 price objective on shares of Home Depot in a research note on Wednesday, August 19th. Stifel Nicolaus dropped their price objective on shares of Home Depot from $346.00 to $322.00 and set a “hold” rating for the company in a report on Monday, October 26th. Guggenheim reiterated a “buy” rating and set a $425.00 target price on shares of Home Depot in a research report on Wednesday, August 19th. TD Cowen reiterated a “buy” rating on shares of Home Depot in a research report on Monday, August 10th. Finally, Wells Fargo & Company boosted their target price on shares of Home Depot from $360.00 to $400.00 and gave the stock an “overweight” rating in a report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $375.90.

Home Depot Stock Up 0.1%

Shares of HD opened at $351.36 on Monday. Home Depot has a 52 week low of $277.15 and a 52 week high of $397.63. The stock has a market capitalization of $350.55 billion, a price-to-earnings ratio of 23.70, a PEG ratio of 2.50 and a beta of 0.93. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.31 and a current ratio of 1.08. The stock has a fifty day moving average of $310.98 and a 200-day moving average of $333.61.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share for the quarter, topping analysts’ consensus estimates of $4.73 by $0.19. The business had revenue of $47.86 billion for the quarter, compared to analyst estimates of $47.24 billion. Home Depot had a return on equity of 106.42% and a net margin of 8.41%. Home Depot’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, sell-side analysts anticipate that Home Depot will post 15.01 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd were issued a dividend of $2.33 per share. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Thursday, September 3rd. Home Depot’s dividend payout ratio is presently 65.22%.

Insider Activity at Home Depot

In other Home Depot news, CAO Kimberly R. Scardino sold 675 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $305.95, for a total value of $206,516.25. Following the completion of the sale, the chief accounting officer owned 8,189 shares of the company’s stock, valued at approximately $2,505,424.55. This trade represents a 7.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Richard V. Mcphail sold 5,989 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $348.40, for a total transaction of $2,086,567.60. Following the completion of the transaction, the chief financial officer directly owned 48,104 shares in the company, valued at approximately $16,759,433.60. The trade was a 11.07% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 9,829 shares of company stock worth $3,339,314. Corporate insiders own 0.08% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Zeit Capital LLC bought a new position in Home Depot in the 2nd quarter worth about $26,000. Principia Wealth Advisory LLC lifted its holdings in shares of Home Depot by 60.4% during the 2nd quarter. Principia Wealth Advisory LLC now owns 85 shares of the home improvement retailer’s stock worth $30,000 after acquiring an additional 32 shares during the last quarter. Navigoe LLC purchased a new position in shares of Home Depot in the 2nd quarter worth about $32,000. Gould Capital LLC boosted its stake in Home Depot by 58.7% in the first quarter. Gould Capital LLC now owns 100 shares of the home improvement retailer’s stock worth $33,000 after buying an additional 37 shares in the last quarter. Finally, Next Level Wealth Planning LLC bought a new position in shares of Home Depot during the 3rd quarter valued at $28,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Home Depot

Investors following HD have been watching these headlines:

• Positive Sentiment: Recent comparable-sales growth of 1.7%, strong professional-customer demand and digital gains point to resilience despite uneven demand. Wall Street is also expecting earnings growth, with one preview citing factors that could support an earnings beat. Can Home Depot Sustain Comparable Sales Growth Amid Uneven Demand? Home Depot Reports Next Week: Wall Street Expects Earnings Growth
• Neutral Sentiment: Bernstein raised its price target from $344 to $357 but kept a Market Perform rating, suggesting a modestly improved valuation view without a bullish change in recommendation. Bernstein price-target update
• Negative Sentiment: Elevated mortgage rates, sluggish housing activity and weak customer transactions cloud the sales outlook; an earnings analysis argues transactions need to turn positive to sustain the investment case. Comparable-sales outlook Home Depot: Hold Into Q3 Earnings, Transactions Must Turn Positive

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.