Home Depot (NYSE:HD) Price Target Cut to $363.00 by Analysts at Royal Bank Of Canada

Home Depot (NYSE:HD) had its price target reduced by equities researchers at Royal Bank Of Canada from $366.00 to $363.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “sector perform” rating on the home improvement retailer’s stock. Royal Bank Of Canada’s target price would suggest a potential downside of 4.28% from the stock’s previous close.

Several other analysts also recently weighed in on the company. JPMorgan Chase & Co. dropped their price objective on Home Depot from $444.00 to $423.00 and set an “overweight” rating for the company in a research report on Wednesday, November 19th. Gordon Haskett upped their price target on shares of Home Depot from $330.00 to $370.00 and gave the company a “hold” rating in a research report on Wednesday, February 11th. Evercore cut their price target on shares of Home Depot from $450.00 to $425.00 and set an “outperform” rating on the stock in a report on Wednesday, November 19th. Weiss Ratings reissued a “hold (c+)” rating on shares of Home Depot in a research report on Monday, December 29th. Finally, DZ Bank reiterated a “sell” rating on shares of Home Depot in a report on Tuesday, November 18th. Twenty-one equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $408.27.

Home Depot Stock Down 1.1%

HD stock traded down $4.30 during midday trading on Thursday, hitting $379.22. 605,388 shares of the company’s stock were exchanged, compared to its average volume of 4,181,922. The company has a current ratio of 1.05, a quick ratio of 0.29 and a debt-to-equity ratio of 3.82. The firm has a 50 day moving average price of $368.38 and a 200-day moving average price of $380.30. The stock has a market capitalization of $377.51 billion, a price-to-earnings ratio of 25.85, a price-to-earnings-growth ratio of 13.69 and a beta of 1.08. Home Depot has a 12-month low of $326.31 and a 12-month high of $426.75.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.09). The company had revenue of $41.35 billion during the quarter, compared to the consensus estimate of $41.06 billion. Home Depot had a net margin of 8.77% and a return on equity of 160.74%. The business’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.78 EPS. On average, analysts anticipate that Home Depot will post 15.13 EPS for the current year.

Insider Activity

In related news, EVP Teresa Wynn Roseborough sold 2,872 shares of the firm’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 sale, the executive vice president owned 13,196 shares in the company, valued at approximately $4,599,069.92. This trade represents a 17.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Ann Marie Campbell sold 145 shares of the firm’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $358.26, for a total value of $51,947.70. Following the completion of the transaction, the executive vice president owned 12,320 shares in the company, valued at approximately $4,413,763.20. This trade represents a 1.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 4,963 shares of company stock valued at $1,748,845 over the last quarter. Company insiders own 0.10% of the company’s stock.

Institutional Trading of Home Depot

Several hedge funds have recently modified their holdings of HD. Parvin Asset Management LLC increased its holdings in shares of Home Depot by 110.0% in the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock valued at $26,000 after purchasing an additional 33 shares in the last quarter. Advocate Investing Services LLC purchased a new position in shares of Home Depot during the 4th quarter valued at $25,000. Financially Speaking Inc bought a new stake in Home Depot during the third quarter valued at about $31,000. Sagard Holdings Management Inc. acquired a new position in shares of Home Depot in the 2nd quarter worth approximately $29,000. Finally, Key Capital Management INC bought a new position in shares of Home Depot during the fourth quarter worth about $28,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot News Roundup

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

• Positive Sentiment: Telsey Advisory Group reaffirmed an “outperform” rating and set a $410 price target, implying upside versus current levels — supportive for investor sentiment. Telsey Advisory Group Outperform
• Positive Sentiment: Zacks highlights that Home Depot has the mix of gross margin levers and pro-customer demand that could produce an earnings beat when Q4 results arrive — a potential catalyst if results surprise to the upside. Home Depot Expected to Beat
• Positive Sentiment: Analyst consensus remains constructive — brokerages aggregate a “Moderate Buy” and the firm emphasizes disciplined capital allocation (dividends, buybacks, targeted investments) that supports long‑term shareholder value. Consensus Rating Moderate Buy
• Neutral Sentiment: Zacks and other analyst pieces note mixed signals: sales and EPS are expected to be down year-over-year for Q4, so outcomes hinge on margin mix and Pro spending — making earnings season the near-term focal point. Pre-Q4 Earnings Considerations
• Neutral Sentiment: Market commentary and media (including Jim Cramer coverage) have spotlighted HD’s recent rally and positioning, which can amplify volatility ahead of results but doesn’t change fundamentals. Jim Cramer Commentary
• Negative Sentiment: Management has tightened bonus access amid a “housing market freeze,” signaling cost-control measures and caution on revenue momentum — a near-term negative for morale and retention risk. Bonuses Tougher Amid Housing Freeze
• Negative Sentiment: Operational issues including theft, product restrictions (power tools locked in cages) and recent ICE-related store incidents are raising customer and execution concerns that could dent traffic and sales trends. Theft and Store Issues
• Negative Sentiment: Shares have pulled back from recent highs amid estimate cuts and housing headwinds, reflecting investor caution ahead of the earnings print. Recent Pullback Coverage

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.