Home Depot (NYSE:HD) Given New $320.00 Price Target at Gordon Haskett

Home Depot (NYSE:HD) had its price target dropped by investment analysts at Gordon Haskett from $330.00 to $320.00 in a research note issued to investors on Tuesday,MarketScreener reports. The firm presently has a “hold” rating on the home improvement retailer’s stock. Gordon Haskett’s target price would indicate a potential upside of 6.43% from the company’s current price.

Other equities research analysts also recently issued reports about the stock. Stifel Nicolaus cut their target price on shares of Home Depot from $375.00 to $320.00 and set a “hold” rating for the company in a research note on Monday. Jefferies Financial Group decreased their target price on Home Depot from $454.00 to $361.00 and set a “buy” rating on the stock in a report on Tuesday. Oppenheimer dropped their price target on Home Depot from $405.00 to $310.00 and set a “market perform” rating on the stock in a research note on Monday. TD Cowen reaffirmed a “buy” rating on shares of Home Depot in a research report on Wednesday. Finally, Sanford C. Bernstein reiterated a “market perform” rating and issued a $346.00 price objective on shares of Home Depot in a report on Wednesday. Twenty equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and a consensus price target of $377.45.

Home Depot Stock Down 0.6%

HD traded down $1.79 during trading on Tuesday, reaching $300.66. 409,809 shares of the stock were exchanged, compared to its average volume of 4,271,535. 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 stock’s 50 day moving average price is $329.41 and its two-hundred day moving average price is $353.04. Home Depot has a twelve month low of $289.10 and a twelve month high of $426.75. The stock has a market cap of $299.46 billion, a P/E ratio of 21.21, a price-to-earnings-growth ratio of 3.46 and a beta of 1.00.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 EPS for the quarter, beating analysts’ consensus estimates of $3.41 by $0.02. Home Depot had a net margin of 8.60% and a return on equity of 134.32%. The firm had revenue of $41.77 billion during the quarter, compared to analysts’ expectations of $41.59 billion. During the same quarter last year, the company posted $3.56 earnings per share. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Equities analysts expect that Home Depot will post 15.02 EPS for the current year.

Insiders Place Their Bets

In other Home Depot news, CFO Richard V. Mcphail sold 2,550 shares of Home Depot stock in a transaction dated 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 sale, the chief financial officer 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.08% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Norges Bank bought a new position in Home Depot during the 4th quarter worth $4,850,329,000. Wellington Management Group LLP grew its holdings in shares of Home Depot by 60.8% during the 3rd quarter. Wellington Management Group LLP now owns 10,143,089 shares of the home improvement retailer’s stock worth $4,109,878,000 after purchasing an additional 3,836,051 shares in the last quarter. Cardano Risk Management B.V. increased its position in shares of Home Depot by 901.5% in the fourth quarter. Cardano Risk Management B.V. now owns 3,290,540 shares of the home improvement retailer’s stock worth $1,132,275,000 after purchasing an additional 2,961,979 shares during the period. Diamant Asset Management Inc. raised its stake in Home Depot by 33,026.3% in the first quarter. Diamant Asset Management Inc. now owns 2,342,026 shares of the home improvement retailer’s stock valued at $770,269,000 after purchasing an additional 2,334,956 shares in the last quarter. Finally, J. Stern & Co. LLP raised its stake in Home Depot by 14,869.3% in the fourth quarter. J. Stern & Co. LLP now owns 2,232,521 shares of the home improvement retailer’s stock valued at $768,210,000 after purchasing an additional 2,217,607 shares in the last quarter. 70.86% of the stock is owned by 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 estimates, reporting EPS of $3.43 versus $3.41 expected and revenue of $41.77 billion versus $41.59 billion expected, while sales rose 4.8% year over year. Home Depot Inc (HD) Q1 2026 Earnings Call Highlights: Navigating Growth Amidst Margin Pressures
• Positive Sentiment: The company reaffirmed fiscal 2026 guidance, which eased investor concerns that weak housing demand and cautious consumers would force a bigger reset. The Home Depot Announces First Quarter Fiscal 2026 Results; Reaffirms Fiscal 2026 Guidance
• Positive Sentiment: Several analysts kept bullish ratings despite trimming price targets, including Telsey, Baird, Mizuho, and Jefferies, signaling Wall Street still sees upside from current levels. Analyst price target changes for Home Depot
• Neutral Sentiment: Management said Pro demand, digital growth, and distribution expansion helped offset weakness in big-ticket projects, suggesting a steady but not strong operating backdrop. HD Q1 Earnings Call Highlights Pro Push, Steady Outlook
• Negative Sentiment: Comparable sales growth was only 0.6% overall and 0.4% in the U.S., reinforcing concerns that higher borrowing costs, affordability pressures, and a weak housing market are limiting demand. Home Depot beats quarterly sales estimates on steady demand
• Negative Sentiment: Some commentary focused on the stock’s sharp decline to a two-year low and the risk that soft housing activity could keep pressure on the shares despite the earnings beat. Home Depot’s Earnings Were Solid, but the Stock Hit a 2-Year Low

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.