Home Depot (NYSE:HD) Price Target Lowered to $400.00 at Morgan Stanley

Home Depot (NYSE:HD) had its price objective reduced by investment analysts at Morgan Stanley from $420.00 to $400.00 in a report released on Wednesday,MarketScreener reports. The firm presently has an “overweight” rating on the home improvement retailer’s stock. Morgan Stanley’s price objective would suggest a potential upside of 33.04% from the company’s current price.

A number of other research analysts have also recently commented on HD. Gordon Haskett cut their price target on shares of Home Depot from $395.00 to $330.00 in a research note on Friday, May 8th. The Goldman Sachs Group lowered their price objective on Home Depot from $413.00 to $409.00 in a research note on Wednesday, February 25th. UBS Group reissued an “outperform” rating on shares of Home Depot in a report on Tuesday, March 24th. BNP Paribas Exane cut their target price on Home Depot from $348.00 to $325.00 and set a “neutral” rating for the company in a research report on Tuesday. Finally, Wells Fargo & Company set a $360.00 price target on Home Depot and gave the company an “overweight” rating in a research report on Wednesday. Twenty research 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $377.45.

Home Depot Stock Performance

HD traded down $1.79 during trading on Wednesday, reaching $300.66. 409,809 shares of the company’s stock were exchanged, compared to its average volume of 4,271,535. The company has a market capitalization of $299.46 billion, a P/E ratio of 21.21, a PEG ratio of 3.46 and a beta of 1.00. The company has a quick ratio of 0.26, a current ratio of 1.06 and a debt-to-equity ratio of 3.62. The business has a 50 day moving average price of $329.41 and a 200 day moving average price of $353.04. Home Depot has a fifty-two week low of $289.10 and a fifty-two week high of $426.75.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 EPS for the quarter, topping analysts’ consensus estimates of $3.41 by $0.02. Home Depot had a net margin of 8.60% and a return on equity of 134.32%. The company had revenue of $41.77 billion during the quarter, compared to the consensus estimate of $41.59 billion. During the same period last year, the firm earned $3.56 EPS. The firm’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. As a group, analysts predict that Home Depot will post 15.02 earnings per share for the current fiscal 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 shares were sold at an average price of $368.89, for a total value 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 $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 SEC, which is available at the SEC website. 0.08% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Advocate Investing Services LLC acquired a new position in shares of Home Depot during the fourth quarter valued at $25,000. Parvin Asset Management LLC increased its position in Home Depot by 110.0% in the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $26,000 after purchasing an additional 33 shares during the period. Cache Advisors LLC bought a new stake in Home Depot during the 1st quarter worth about $27,000. Key Capital Management INC bought a new stake in Home Depot during the 4th quarter worth about $28,000. Finally, Merkkuri Wealth Advisors LLC acquired a new position in Home Depot during the 1st quarter valued at about $28,000. 70.86% of the stock is currently owned by institutional investors.

Key Stories 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.