Home Depot (NYSE:HD) Price Target Raised to $400.00 at Wells Fargo & Company

Home Depot (NYSE:HD) had its price target lifted by stock analysts at Wells Fargo & Company from $360.00 to $400.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the home improvement retailer’s stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 14.21% from the company’s previous close.

A number of other equities analysts have also commented on HD. Stifel Nicolaus reduced their price target on shares of Home Depot from $375.00 to $320.00 and set a “hold” rating on the stock in a research report on Monday, May 18th. Jefferies Financial Group dropped their price target on Home Depot from $361.00 to $360.00 and set a “buy” rating for the company in a report on Thursday, June 4th. Gordon Haskett lifted their price objective on Home Depot from $320.00 to $330.00 in a research report on Friday, June 12th. BNP Paribas Exane reduced their price objective on Home Depot from $348.00 to $325.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 19th. Finally, DA Davidson restated a “buy” rating and set a $377.00 target price on shares of Home Depot in a report on Monday, July 27th. Eighteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $373.14.

Home Depot Stock Performance

NYSE:HD opened at $350.23 on Tuesday. The firm has a market capitalization of $349.22 billion, a PE ratio of 24.87, a price-to-earnings-growth ratio of 4.11 and a beta of 0.95. The company has a quick ratio of 0.28, a current ratio of 1.04 and a debt-to-equity ratio of 3.23. Home Depot has a 12-month low of $289.10 and a 12-month high of $426.75. The firm has a 50-day moving average price of $336.54 and a 200 day moving average price of $342.65.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.41 by $0.02. The business 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%.Home Depot’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.56 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Research analysts anticipate that Home Depot will post 15.01 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Home Depot

Institutional investors and hedge funds have recently modified their holdings of the business. Parvin Asset Management LLC grew its holdings 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 worth $26,000 after acquiring an additional 33 shares during the period. Zeit Capital LLC acquired a new position in shares of Home Depot in the 2nd quarter valued at $26,000. Advocate Investing Services LLC acquired a new position in shares of Home Depot in the 4th quarter valued at $25,000. Key Capital Management INC bought a new position in shares of Home Depot in the 4th quarter worth $28,000. Finally, Cache Advisors LLC bought a new position in shares of Home Depot in the 1st quarter worth $27,000. 70.86% of the stock is owned by institutional investors.

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.