Home Depot (NYSE:HD) Price Target Cut to $310.00 by Analysts at HSBC

Home Depot (NYSE:HD) had its target price cut by HSBC from $392.00 to $310.00 in a research note issued on Wednesday,MarketScreener reports. The firm currently has a “hold” rating on the home improvement retailer’s stock. HSBC’s price target suggests a potential upside of 3.11% from the company’s previous close.

Other research analysts have also issued reports about the stock. Oppenheimer lowered their target price on shares of 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 restated a “buy” rating on shares of Home Depot in a report on Wednesday. Robert W. Baird lowered their price target on Home Depot from $430.00 to $380.00 and set an “outperform” rating on the stock in a research report on Wednesday. Wall Street Zen upgraded Home Depot from a “sell” rating to a “hold” rating in a research note on Sunday. Finally, BNP Paribas Exane cut their price objective on Home Depot from $348.00 to $325.00 and set a “neutral” rating for the company in a research report on Tuesday. Twenty investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $377.45.

Home Depot Stock Performance

HD traded down $1.79 on Wednesday, hitting $300.66. The company had a trading volume of 409,809 shares, compared to its average volume of 4,271,535. The stock has a market cap of $299.46 billion, a price-to-earnings ratio of 21.21, a price-to-earnings-growth ratio of 3.46 and a beta of 1.00. The company has a debt-to-equity ratio of 3.62, a current ratio of 1.06 and a quick ratio of 0.26. The company’s fifty day moving average price is $329.41 and its 200 day moving average price is $353.04. Home Depot has a 1-year low of $289.10 and a 1-year high of $426.75.

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 the consensus estimate of $3.41 by $0.02. Home Depot had a return on equity of 134.32% and a net margin of 8.60%.The company had revenue of $41.77 billion for the quarter, compared to the consensus estimate 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 predict that Home Depot will post 15.02 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Richard V. Mcphail sold 2,550 shares of the firm’s stock in a transaction on Wednesday, March 4th. The stock was 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 of the company’s stock, valued at $16,439,951.74. This trade represents a 5.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.08% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Home Depot

A number of hedge funds have recently made changes to their positions in HD. Advocate Investing Services LLC bought a new stake in shares of Home Depot in the 4th quarter valued at approximately $25,000. Parvin Asset Management LLC increased its holdings in 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 purchasing an additional 33 shares in the last quarter. Cache Advisors LLC bought a new stake in shares of Home Depot during the first quarter worth $27,000. Key Capital Management INC bought a new stake in shares of Home Depot during the fourth quarter worth $28,000. Finally, Merkkuri Wealth Advisors LLC acquired a new stake in shares of Home Depot in the first quarter valued at $28,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Key Headlines 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

Home Depot Company Profile

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.