Home Depot (NYSE:HD) Price Target Cut to $348.00 by Analysts at BNP Paribas Exane

Home Depot (NYSE:HD) had its price objective decreased by BNP Paribas Exane from $391.00 to $348.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the home improvement retailer’s stock. BNP Paribas Exane’s target price would suggest a potential upside of 5.04% from the stock’s previous close.

Several other analysts have also recently issued reports on the stock. Sanford C. Bernstein upped their price target on shares of Home Depot from $381.00 to $390.00 and gave the company a “market perform” rating in a report on Wednesday, February 25th. Piper Sandler decreased their price objective on shares of Home Depot from $441.00 to $422.00 and set an “overweight” rating for the company in a report on Monday, February 23rd. Guggenheim boosted their target price on shares of Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, February 25th. Wall Street Zen upgraded shares of Home Depot from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, TD Cowen reaffirmed a “buy” rating on shares of Home Depot in a research report on Thursday, March 12th. 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 stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $414.52.

Home Depot Stock Up 0.1%

HD stock traded up $0.39 during midday trading on Tuesday, hitting $331.29. 2,574,554 shares of the company’s stock were exchanged, compared to its average volume of 4,277,760. The company has a current ratio of 1.06, a quick ratio of 0.26 and a debt-to-equity ratio of 3.62. Home Depot has a 12-month low of $320.26 and a 12-month high of $426.75. The firm has a 50 day moving average price of $370.68 and a 200-day moving average price of $373.18. The stock has a market capitalization of $329.97 billion, a price-to-earnings ratio of 23.29, a price-to-earnings-growth ratio of 3.50 and a beta of 1.09.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 EPS for the quarter, beating the consensus estimate of $2.52 by $0.20. Home Depot had a return on equity of 134.32% and a net margin of 8.60%.The company had revenue of $38.20 billion during the quarter, compared to analysts’ expectations of $38.01 billion. During the same period in the prior year, the business posted $3.13 EPS. The business’s revenue was down 3.8% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. On average, analysts anticipate that Home Depot will post 15.13 EPS for the current year.

Insider Activity at Home Depot

In related news, CFO Richard V. Mcphail sold 2,550 shares of the firm’s stock in a transaction that occurred 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 sale, the chief financial officer owned 44,566 shares of the company’s stock, valued at approximately $16,439,951.74. This trade represents a 5.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 2,872 shares of the stock in a transaction on Friday, December 26th. The stock was sold at an average price of $348.52, for a total value of $1,000,949.44. Following the completion of the sale, the executive vice president directly owned 13,196 shares in the company, valued at $4,599,069.92. This represents a 17.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On Home Depot

Institutional investors have recently added to or reduced their stakes in the company. Advocate Investing Services LLC bought a new position in Home Depot during the fourth quarter valued at about $25,000. Parvin Asset Management LLC raised its stake 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 during the period. Key Capital Management INC purchased a new stake in shares of Home Depot in the fourth quarter valued at $28,000. Sagard Holdings Management Inc. acquired a new position in Home Depot during the second quarter valued at $29,000. Finally, Abound Financial LLC acquired a new position in Home Depot during the fourth quarter valued at $29,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Home Depot

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

• Positive Sentiment: SRS Distribution, HD’s specialty-trade subsidiary, agreed to acquire Mingledorff’s — a southeastern HVAC distributor with 42 locations — broadening HD’s pro distribution capabilities and expanding its total addressable market for pro customers. The Home Depot Subsidiary SRS Distribution Enters into Agreement to Acquire Wholesale HVAC Distributor Mingledorff’s
• Positive Sentiment: Home Depot expanded its Pro digital experience with AI-driven project planning and materials/delivery tools that aim to deepen engagement with professional contractors and improve wallet share in higher-margin pro channels. The Home Depot beefs up digital shopping experience for pros
• Neutral Sentiment: Analyst and retail-media attention has increased — Zacks and other outlets note HD is attracting investor interest, which can amplify moves in either direction depending on next-quarter results and same‑store trends. The Home Depot, Inc. (HD) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: Positive PR momentum: coverage highlighted HD clearing a charitable-giving milestone, a reputational plus but not a direct earnings driver. “$1 Billion in Charitable Giving”: Home Depot Stock (NYSE:HD) Clears Milestone, Surges
• Neutral Sentiment: Opinion pieces comparing HD to other beaten-down blue chips keep HD on investors’ screens; these debates can influence flows but are not company-specific catalysts. Home Depot vs McDonald’s: Which Beaten-Down Blue Chip Is the Better Buy Right Now?

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.