Home Depot (NYSE:HD) Earns “Sector Weight” Rating from KeyCorp

Home Depot (NYSE:HD)‘s stock had its “sector weight” rating restated by research analysts at KeyCorp in a research report issued to clients and investors on Wednesday,Benzinga reports.

Several other research firms also recently issued reports on HD. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Home Depot in a research note on Wednesday. Wall Street Zen upgraded shares of Home Depot from a “sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Evercore dropped their price target on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a research note on Wednesday, May 20th. UBS Group cut their price target on shares of Home Depot from $450.00 to $430.00 and set a “buy” rating on the stock in a report on Wednesday, May 20th. Finally, The Goldman Sachs Group reduced their price target on Home Depot from $409.00 to $390.00 and set a “buy” rating on the stock in a research report on Wednesday, May 20th. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus price target of $375.54.

Home Depot Price Performance

Shares of HD traded up $10.27 during trading hours on Wednesday, reaching $347.75. The stock had a trading volume of 1,198,612 shares, compared to its average volume of 4,377,975. The company has a debt-to-equity ratio of 3.23, a quick ratio of 0.28 and a current ratio of 1.04. Home Depot has a 12 month low of $289.10 and a 12 month high of $426.75. The stock has a market capitalization of $346.75 billion, a PE ratio of 24.72, a PEG ratio of 4.08 and a beta of 0.95. The company’s 50-day moving average is $340.08 and its two-hundred day moving average is $340.97.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.73 by $0.19. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The business had revenue of $47.86 billion during the quarter, compared to analysts’ expectations of $47.24 billion. During the same quarter in the prior year, the firm earned $4.68 EPS. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Research analysts expect that Home Depot will post 14.99 EPS for the current year.

Institutional Trading of Home Depot

Several hedge funds have recently modified their holdings of HD. Brighton Jones LLC raised its stake in Home Depot by 36.5% during the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock worth $10,471,000 after buying an additional 7,203 shares during the period. Sivia Capital Partners LLC grew its stake in Home Depot by 7.1% in the second quarter. Sivia Capital Partners LLC now owns 2,598 shares of the home improvement retailer’s stock valued at $952,000 after acquiring an additional 173 shares during the period. Schnieders Capital Management LLC. increased its holdings in shares of Home Depot by 14.1% during the second quarter. Schnieders Capital Management LLC. now owns 11,587 shares of the home improvement retailer’s stock valued at $4,248,000 after acquiring an additional 1,433 shares in the last quarter. Darwin Wealth Management LLC bought a new stake in shares of Home Depot during the second quarter valued at approximately $1,773,000. Finally, Financial Advisors Network Inc. raised its position in shares of Home Depot by 11.3% during the second quarter. Financial Advisors Network Inc. now owns 2,368 shares of the home improvement retailer’s stock worth $868,000 after purchasing an additional 241 shares during the period. Institutional investors own 70.86% of the company’s stock.

More Home Depot News

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

• Positive Sentiment: Quarterly results exceeded expectations: Adjusted EPS was $4.92 versus the $4.73 consensus, while revenue rose 5.7% year over year to $47.86 billion, above estimates of approximately $47.24 billion. Home Depot reaffirms guidance amid frozen housing market conditions
• Positive Sentiment: Comparable sales showed resilience: Companywide comparable sales increased 1.7%, including a 1.3% gain in the U.S.—the strongest comparable-sales performance since 2022. Customers are completing smaller repair and maintenance projects, and average ticket growth of 2.8% offset a 1.0% decline in transactions. Home Depot beats quarterly sales estimates on steady repair demand
• Positive Sentiment: Management reaffirmed fiscal 2026 guidance and analysts see potential for the stock to move toward $375 or higher. Home Depot also expanded three-hour Express Delivery nationwide, using more than 2,000 stores as fulfillment hubs to strengthen its Pro and do-it-yourself online business. Home Depot analysts see a path to $375 and beyond
• Neutral Sentiment: CEO Ted Decker’s medical leave remains an uncertainty for investors, but the earnings report indicated continued operational execution under the existing management team. Home Depot reports higher sales, but its CEO is on medical leave
• Negative Sentiment: The housing recovery is not yet visible: Management described conditions as a “frozen housing market,” with customers avoiding large-ticket renovations. Weak housing starts and elevated mortgage rates could limit future sales growth. Home Depot just flashed a housing market warning
• Negative Sentiment: A $730 million tariff refund largely offset rising costs, limiting its benefit to profits. High Treasury yields and Home Depot’s relatively high valuation—about 24 times earnings—also remain potential headwinds.

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.