Home Depot (NYSE:HD) Given New $370.00 Price Target at Gordon Haskett

Home Depot (NYSE:HD) had its price objective hoisted by Gordon Haskett from $330.00 to $370.00 in a report issued on Wednesday morning,MarketScreener reports. Gordon Haskett currently has a hold rating on the home improvement retailer’s stock.

Other equities research analysts also recently issued reports about the company. Robert W. Baird decreased their price objective on Home Depot from $450.00 to $415.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 19th. UBS Group set a $430.00 price target on shares of Home Depot in a research note on Wednesday, December 10th. Stifel Nicolaus reduced their price target on shares of Home Depot from $370.00 to $350.00 and set a “hold” rating for the company in a report on Monday, December 1st. Truist Financial set a $405.00 price objective on Home Depot in a research report on Friday, January 16th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $413.00 price objective on shares of Home Depot in a report on Wednesday, December 10th. Twenty-one analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $405.80.

Home Depot Price Performance

Shares of NYSE:HD traded up $3.19 during midday trading on Wednesday, reaching $393.87. 567,607 shares of the company were exchanged, compared to its average volume of 4,303,919. The business’s fifty day moving average is $364.64 and its two-hundred day moving average is $379.81. Home Depot has a one year low of $326.31 and a one year high of $426.75. The stock has a market cap of $392.10 billion, a PE ratio of 26.85, a price-to-earnings-growth ratio of 13.91 and a beta of 1.08. The company has a current ratio of 1.05, a quick ratio of 0.29 and a debt-to-equity ratio of 3.82.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.83 by ($0.09). The firm had revenue of $41.35 billion during the quarter, compared to the consensus estimate of $41.06 billion. Home Depot had a return on equity of 160.74% and a net margin of 8.77%.The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period last year, the firm posted $3.78 earnings per share. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. As a group, analysts predict that Home Depot will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Thursday, December 4th were issued a dividend of $2.30 per share. The ex-dividend date of this dividend was Thursday, December 4th. This represents a $9.20 dividend on an annualized basis and a yield of 2.3%. Home Depot’s dividend payout ratio is 62.71%.

Insider Activity at Home Depot

In other Home Depot news, EVP Angie Brown sold 1,946 shares of the stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $357.63, for a total transaction of $695,947.98. Following the transaction, the executive vice president owned 3,941 shares in the company, valued at approximately $1,409,419.83. This represents a 33.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 2,872 shares of the business’s stock in a transaction that occurred on Friday, December 26th. The shares were sold at an average price of $348.52, for a total value of $1,000,949.44. Following the completion of the sale, the executive vice president owned 13,196 shares of the company’s stock, valued at $4,599,069.92. This trade represents a 17.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 4,963 shares of company stock worth $1,748,845 in the last 90 days. Corporate insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On Home Depot

Several institutional investors and hedge funds have recently added to or reduced their stakes in HD. WealthPlan Investment Management LLC purchased a new stake in shares of Home Depot in the 2nd quarter valued at $1,149,000. Silphium Asset Management Ltd grew its position in Home Depot by 77.2% during the 3rd quarter. Silphium Asset Management Ltd now owns 13,544 shares of the home improvement retailer’s stock worth $5,488,000 after purchasing an additional 5,900 shares during the period. West Family Investments Inc. boosted its stake in shares of Home Depot by 65.6% in the second quarter. West Family Investments Inc. now owns 3,630 shares of the home improvement retailer’s stock worth $1,331,000 after buying an additional 1,438 shares during the last quarter. Truist Financial Corp grew its holdings in Home Depot by 0.3% during the third quarter. Truist Financial Corp now owns 1,095,113 shares of the home improvement retailer’s stock worth $443,729,000 after acquiring an additional 3,608 shares during the period. Finally, Asset Management One Co. Ltd. raised its position in Home Depot by 2.3% during the third quarter. Asset Management One Co. Ltd. now owns 534,564 shares of the home improvement retailer’s stock valued at $216,600,000 after acquiring an additional 12,239 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Key Stories Impacting Home Depot

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

• Positive Sentiment: Zacks upgraded HD from “strong sell” to “hold,” removing a bearish annotation that can attract buyers and reduce downside pressure for traders. Zacks upgrade
• Positive Sentiment: Investors Business Daily highlights a bullish butterfly options idea as HD approaches a technical breakout, signaling increased speculative/leveraged interest that can amplify intraday moves higher. As Home Depot Stock Nears Breakout, Here’s A Bullish Option Play
• Neutral Sentiment: Multiple investor writeups (e.g., “Should You Hold The Home Depot?”) are circulating; these refreshes of analyst views and fund commentary are informational but not uniform in direction, keeping debate about HD’s medium‑term upside alive. Should You Hold The Home Depot (HD)?
• Neutral Sentiment: Broader analyst commentary pieces (covering HD alongside peers) reiterate mixed views on consumer cyclical exposure and growth vs. margin tradeoffs — useful context but not an immediate catalyst. Analysts Offer Insights on Consumer Cyclical Companies
• Negative Sentiment: Gordon Haskett raised its price target to $370 (from $330) but kept a “hold” rating — the $370 target sits below current trade, implying limited upside/roughly a mid‑single‑digit downside from today’s level and signaling cautious analyst expectations. Gordon Haskett adjusts price target on Home Depot
• Negative Sentiment: Reuters reports Jacobs’ QXO is buying Kodiak for $2.25B to build a larger building‑products distributor aimed at Home Depot and Lowe’s — increased competition/distribution consolidation could pressure margins or share in some categories over time. Jacobs’ QXO to buy Kodiak

About Home Depot

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.