Brokerages Set The Home Depot, Inc. (NYSE:HD) Target Price at $371.39

Shares of The Home Depot, Inc. (NYSE:HD) have been assigned an average rating of “Moderate Buy” from the thirty-two research firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and nineteen have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $371.3571.

A number of equities analysts have recently commented on HD shares. Stifel Nicolaus lowered their price target on Home Depot from $375.00 to $320.00 and set a “hold” rating for the company in a report on Monday, May 18th. Wolfe Research reaffirmed an “outperform” rating and issued a $365.00 price objective on shares of Home Depot in a research note on Tuesday, May 19th. Wells Fargo & Company decreased their target price on Home Depot from $375.00 to $360.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 20th. 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 note on Thursday. Finally, Oppenheimer dropped 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 report on Monday, May 18th.

Home Depot News Roundup

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

• Negative Sentiment: A TipRanks article says Home Depot is slipping as a new major competitor emerges, adding to concerns that the company may face more pricing and traffic pressure in an already challenging market. Home Depot Stock (NYSE:HD) Slips as New Major Competitor Emerges
• Neutral Sentiment: Jefferies slightly lowered its price target on Home Depot to $360 from $361 while keeping a Buy rating, signaling continued analyst support even though the stock may have limited near-term upside from current levels. Jefferies Adjusts Price Target on Home Depot to $360 From $361, Maintains Buy Rating
• Neutral Sentiment: Recent commentary from The Motley Fool highlighted that Home Depot remains a cyclical business tied to household balance sheets and consumer confidence, but also noted its strength with professional customers, suggesting a mixed outlook rather than a clear catalyst. 3 Things to Know About Home Depot Stock Before You Buy
• Positive Sentiment: Analyst coverage and recent articles have pointed to meaningful upside potential for Home Depot (HD) if valuation support and better housing trends materialize, which could help limit downside and attract dip buyers. How High Can Home Depot’s Stock (HD) Price Rise?

Home Depot Stock Performance

Shares of NYSE:HD opened at $310.30 on Friday. The company’s 50 day simple moving average is $323.38 and its 200 day simple moving average is $348.00. The stock has a market capitalization of $309.41 billion, a price-to-earnings ratio of 22.04, a price-to-earnings-growth ratio of 3.61 and a beta of 0.97. 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.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share for the quarter, topping the consensus estimate of $3.41 by $0.02. The firm had revenue of $41.77 billion during the quarter, compared to analysts’ expectations of $41.59 billion. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The company’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the company earned $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 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be paid a $2.33 dividend. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $9.32 annualized dividend and a yield of 3.0%. Home Depot’s dividend payout ratio is presently 66.19%.

Institutional Trading of Home Depot

A number of hedge funds have recently added to or reduced their stakes in the stock. Wealthquest Corp increased its holdings in shares of Home Depot by 8.7% during the first quarter. Wealthquest Corp now owns 2,126 shares of the home improvement retailer’s stock worth $699,000 after buying an additional 170 shares in the last quarter. Blue Edge Capital LLC boosted its holdings in shares of Home Depot by 0.4% during the 1st quarter. Blue Edge Capital LLC now owns 16,011 shares of the home improvement retailer’s stock valued at $5,266,000 after acquiring an additional 67 shares in the last quarter. First Nebraska Trust Co acquired a new stake in shares of Home Depot during the 1st quarter valued at $3,861,000. Financial Solutions Advisory Group Inc. bought a new stake in Home Depot during the 1st quarter worth $729,000. Finally, Dala Group LLC bought a new stake in Home Depot during the 1st quarter worth $1,886,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

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.