Mizuho Cuts Home Depot (NYSE:HD) Price Target to $385.00

Home Depot (NYSE:HD) had its price objective decreased by investment analysts at Mizuho from $415.00 to $385.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the home improvement retailer’s stock. Mizuho’s target price would suggest a potential upside of 27.39% from the stock’s current price.

Several other research analysts also recently issued reports on the stock. Truist Financial set a $369.00 target price on shares of Home Depot in a research note on Tuesday. Oppenheimer cut their target price on shares of Home Depot from $405.00 to $310.00 and set a “market perform” rating for the company in a research report on Monday. Evercore decreased their target price on Home Depot from $425.00 to $415.00 and set an “outperform” rating on the stock in a report on Tuesday, March 31st. Guggenheim raised their price objective on shares of Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, February 25th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Home Depot in a research note on Thursday, March 12th. 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. Based on data from MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and an average price target of $390.21.

Home Depot Stock Performance

NYSE:HD opened at $302.23 on Wednesday. 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 $301.03 billion, a P/E ratio of 21.24, a price-to-earnings-growth ratio of 3.46 and a beta of 1.00. The firm’s fifty day simple moving average is $329.41 and its 200 day simple moving average is $353.04. The company has a quick ratio of 0.26, a current ratio of 1.06 and a debt-to-equity ratio of 3.62.

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

Insider Buying and Selling at Home Depot

In other news, CFO Richard V. Mcphail sold 2,550 shares of Home Depot stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $368.89, for a total transaction of $940,669.50. Following the completion of the sale, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.08% of the company’s stock.

Hedge Funds Weigh In On Home Depot

A number of hedge funds and other institutional investors have recently made changes to their positions in HD. Advocate Investing Services LLC purchased a new stake in shares of Home Depot in the 4th quarter worth approximately $25,000. Parvin Asset Management LLC increased its holdings in Home Depot by 110.0% during the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock valued at $26,000 after buying an additional 33 shares during the period. Cache Advisors LLC purchased a new position in Home Depot during the first quarter valued at approximately $27,000. Key Capital Management INC bought a new stake in Home Depot during the 4th quarter valued at $28,000. Finally, Merkkuri Wealth Advisors LLC bought a new stake in Home Depot during the 1st quarter valued at $28,000. Institutional investors own 70.86% of the company’s stock.

Key Home Depot News

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

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.