The Home Depot, Inc. (NYSE:HD) Given Consensus Rating of “Moderate Buy” by Analysts

The Home Depot, Inc. (NYSE:HD) has been given a consensus recommendation of “Moderate Buy” by the thirty-two ratings firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eighteen have given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $373.1786.

A number of brokerages have recently commented on HD. The Goldman Sachs Group cut their price target on shares of Home Depot from $409.00 to $390.00 and set a “buy” rating on the stock in a report on Wednesday, May 20th. Gordon Haskett increased their price objective on Home Depot from $320.00 to $330.00 in a report on Friday, June 12th. Jefferies Financial Group lowered their target price on Home Depot from $361.00 to $360.00 and set a “buy” rating for the company in a research report on Thursday, June 4th. Royal Bank Of Canada lifted their target price on Home Depot from $340.00 to $343.00 and gave the stock a “sector perform” rating in a report on Wednesday. Finally, Guggenheim reiterated a “buy” rating and issued a $425.00 price target on shares of Home Depot in a research report on Monday, July 20th.

Institutional Trading of Home Depot

Several institutional investors have recently added to or reduced their stakes in the stock. Magnolia Capital Advisors LLC acquired a new stake in Home Depot during the 2nd quarter valued at approximately $3,508,000. Caisse de depot et placement du Quebec acquired a new position in shares of Home Depot in the 2nd quarter worth approximately $163,624,000. Pointe Capital Management LLC acquired a new position in shares of Home Depot in the 2nd quarter worth approximately $299,000. Odyssean LLC bought a new stake in shares of Home Depot in the 2nd quarter valued at $1,994,000. Finally, Western Wealth Management LLC bought a new stake in shares of Home Depot in the 2nd quarter valued at $3,607,000. 70.86% of the stock is currently owned by institutional investors.

Home Depot Stock Down 0.2%

Shares of NYSE HD opened at $338.21 on Wednesday. The company has a 50 day simple moving average of $339.17 and a 200 day simple moving average of $341.53. The company has a debt-to-equity ratio of 3.23, a current ratio of 1.04 and a quick ratio of 0.28. Home Depot has a 1 year low of $289.10 and a 1 year high of $426.75. The firm has a market cap of $337.23 billion, a PE ratio of 24.02, a price-to-earnings-growth ratio of 4.08 and a beta of 0.95.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share for the quarter, topping analysts’ consensus estimates of $3.41 by $0.02. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The firm had revenue of $41.77 billion for the quarter, compared to analyst estimates of $41.59 billion. During the same period in the previous year, the firm posted $3.56 EPS. 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. On average, research analysts forecast that Home Depot will post 15 EPS for the current year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were given a dividend of $2.33 per share. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Thursday, June 4th. Home Depot’s dividend payout ratio (DPR) is 66.19%.

Key Stories Impacting Home Depot

Here are the key news stories impacting Home Depot this week:

• Positive Sentiment: Analysts expect second-quarter sales and earnings growth, supported by continued momentum among professional customers (“Pros”) and gains in digital sales. Wells Fargo also raised its price target to $400, suggesting potential upside if Home Depot delivers a solid report. Home Depot to Post Q2 Earnings Wells Fargo Raises Home Depot Price Target
• Positive Sentiment: Home Depot’s long record of dividend payments may provide support for income-focused investors, while the bankruptcy filing of a smaller hardware rival could modestly reinforce the company’s scale and competitive position. Home Depot Dividend Streak Hardware Rival Files Chapter 11
• Neutral Sentiment: The company’s finance chief Richard McPhail and another senior executive will help manage operations during Decker’s absence. The arrangement limits immediate disruption, but investors may seek more clarity on the duration of the leave and its effect on strategy. Home Depot Executives Step Up During CEO Leave
• Negative Sentiment: Oppenheimer and other analysts caution that second-quarter results may show little evidence of a recovery. High interest rates, weak housing activity, margin pressure and rising fuel costs are weighing on renovation demand and retailer expenses. Home Depot and Lowe’s Results Face Macro Pressures
• Negative Sentiment: Several previews argue that HD may already be priced for a recovery, increasing the risk of a negative reaction if sales, margins or management guidance disappoint. Bernstein has maintained a Hold rating. Home Depot Q2 Earnings Preview Bernstein Maintains Hold Rating

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.