Home Depot (NYSE:HD) Given New $400.00 Price Target at JPMorgan Chase & Co.

Home Depot (NYSE:HD) had its target price hoisted by equities research analysts at JPMorgan Chase & Co. from $396.00 to $400.00 in a report released on Monday, Benzinga reports. The firm presently has an “overweight” rating on the home improvement retailer’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 12.51% from the company’s current price.

HD has been the topic of a number of other reports. UBS Group reiterated a “buy” rating on shares of Home Depot in a report on Thursday, September 17th. TD Cowen restated a “buy” rating on shares of Home Depot in a research report on Monday, August 10th. Royal Bank Of Canada decreased their price target on Home Depot from $343.00 to $342.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 19th. Stifel Nicolaus decreased their price target on Home Depot from $346.00 to $322.00 and set a “hold” rating on the stock in a research note on Monday, October 26th. Finally, Sanford C. Bernstein lowered their price target on Home Depot from $354.00 to $344.00 and set a “market perform” rating for the company in a report on Wednesday, September 9th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $375.45.

Home Depot Trading Up 3.5%

HD stock traded up $12.06 during trading on Monday, reaching $355.53. 2,731,710 shares of the stock were exchanged, compared to its average volume of 4,480,432. The company has a current ratio of 1.08, a quick ratio of 0.31 and a debt-to-equity ratio of 2.64. The firm has a market capitalization of $354.71 billion, a price-to-earnings ratio of 24.91, a P/E/G ratio of 2.44 and a beta of 0.93. The business has a 50 day moving average price of $309.42 and a 200-day moving average price of $334.08. Home Depot has a 1 year low of $277.15 and a 1 year high of $397.63.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share for the quarter, beating the consensus estimate of $4.73 by $0.19. The business had revenue of $47.86 billion during the quarter, compared to analysts’ expectations of $47.24 billion. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, research analysts predict that Home Depot will post 15.01 earnings per share for the current year.

Insider Transactions at Home Depot

In other news, EVP Michael F. Rowe sold 710 shares of Home Depot stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $336.76, for a total value of $239,099.60. Following the completion of the sale, the executive vice president directly owned 6,838 shares of the company’s stock, valued at approximately $2,302,764.88. The trade was a 9.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Teresa Roseborough sold 2,455 shares of the business’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $328.77, for a total value of $807,130.35. Following the completion of the sale, the executive vice president owned 14,061 shares in the company, valued at $4,622,834.97. This represents a 14.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 9,829 shares of company stock valued at $3,339,314 over the last three months. 0.08% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Home Depot

Institutional investors have recently bought and sold shares of the company. Zeit Capital LLC acquired a new stake in shares of Home Depot during the second quarter worth $26,000. Principia Wealth Advisory LLC boosted its holdings in Home Depot by 60.4% during the second quarter. Principia Wealth Advisory LLC now owns 85 shares of the home improvement retailer’s stock worth $30,000 after buying an additional 32 shares during the last quarter. Navigoe LLC bought a new position in Home Depot during the second quarter worth about $32,000. Gould Capital LLC boosted its holdings in Home Depot by 58.7% during the first quarter. Gould Capital LLC now owns 100 shares of the home improvement retailer’s stock worth $33,000 after buying an additional 37 shares during the last quarter. Finally, Next Level Wealth Planning LLC acquired a new position in shares of Home Depot during the 3rd quarter worth about $28,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Company Profile

The Home Depot, Inc is a home improvement retailer serving do-it-yourself customers, professional contractors and other businesses. The company sells building materials, tools, hardware, appliances, paint, flooring, and products for home maintenance, repair and renovation, as well as lawn and garden supplies.

In addition to its retail stores and online channels, Home Depot offers services such as product delivery, equipment rental and home improvement installation. The company was founded in 1978 and is headquartered in Atlanta, Georgia.