Home Depot (NYSE:HD) Stock Price Up 2.7% – What’s Next?

Shares of The Home Depot, Inc. (NYSE:HD) rose 2.7% during mid-day trading on Tuesday . The stock traded as high as $306.31 and last traded at $305.3410. 5,437,021 shares changed hands during trading, an increase of 25% from the average daily volume of 4,359,617 shares. The stock had previously closed at $297.20.

Key Home Depot News

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

• Positive Sentiment: Home Depot’s investments in its Pro business— including improved delivery tools, a broader product catalog and better support for complex purchases—appear to be gaining traction. Positive Pro comparable sales could support larger project volumes and strengthen a key growth avenue. Is Home Depot Winning Bigger Projects Through Pro Investments?
• Positive Sentiment: A separate market analysis cited a 7.9% year-over-year increase in consumer demand in August and identified Home Depot as one of the retailers positioned to benefit despite recent weakness in retail stocks. 3 Retail Dips Backed by Rising Consumer Demand
• Neutral Sentiment: Home Depot co-founder Ken Langone discussed his bullish outlook for Eli Lilly during a television appearance. The comments provide historical context on his Home Depot investment but do not represent a new company-specific catalyst. His Bet On Home Depot Made Ken Langone A Billionaire
• Negative Sentiment: Home Depot’s CFO reportedly warned that the U.S. housing market is effectively “frozen,” with a key housing metric at a historic low. Weak housing turnover can delay renovation activity and pressure demand for big-ticket projects. Home Depot CFO Issues Warning Over Frozen Housing Market
• Negative Sentiment: Consumer discretionary stocks have significantly lagged staples in 2026, reflecting a more cautious spending environment that could weigh on Home Depot’s valuation and near-term sales outlook. Staples ETF Widens Gap Over Discretionary in 2026
• Negative Sentiment: Erste Group Bank lowered its fiscal 2028 EPS forecast for Home Depot, signaling weaker long-term earnings expectations. Tariffs, fuel costs and higher interest rates may also raise operating costs and reduce customers’ willingness to undertake projects. Home Depot FY2028 EPS Forecast Decreased by Erste Group Bank

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Wolfe Research downgraded Home Depot from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, June 23rd. Stifel Nicolaus upped their price objective on shares of Home Depot from $320.00 to $340.00 and gave the company a “hold” rating in a research note on Monday, August 17th. Jefferies Financial Group reiterated a “buy” rating and issued a $398.00 target price on shares of Home Depot in a research report on Tuesday, August 18th. TD Cowen reiterated a “buy” rating on shares of Home Depot in a report on Monday, August 10th. Finally, UBS Group reaffirmed a “buy” rating on shares of Home Depot in a research note on Thursday, September 17th. Eighteen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $375.18.

Home Depot Price Performance

The firm has a market cap of $304.64 billion, a P/E ratio of 21.37, a price-to-earnings-growth ratio of 3.30 and a beta of 0.95. The business has a 50-day simple moving average of $330.51 and a 200 day simple moving average of $330.55. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.31 and a current ratio of 1.08.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 EPS for the quarter, beating analysts’ consensus estimates of $4.73 by $0.19. Home Depot had a return on equity of 106.42% and a net margin of 8.41%.The company had revenue of $47.86 billion during the quarter, compared to the consensus estimate of $47.24 billion. During the same quarter in the prior year, the company earned $4.68 earnings per share. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, analysts anticipate that The Home Depot, Inc. will post 15 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd were issued a $2.33 dividend. The ex-dividend date was Thursday, September 3rd. This represents a $9.32 annualized dividend and a yield of 3.1%. Home Depot’s dividend payout ratio is 65.22%.

Insider Activity at Home Depot

In other news, EVP Michael Rowe sold 710 shares of Home Depot stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $336.76, for a total transaction of $239,099.60. Following the sale, the executive vice president owned 6,838 shares of the company’s stock, valued at approximately $2,302,764.88. The trade was a 9.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Teresa Roseborough sold 2,455 shares of the business’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $328.77, for a total transaction of $807,130.35. Following the transaction, the executive vice president owned 14,061 shares in the company, valued at $4,622,834.97. This represents a 14.86% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 9,829 shares of company stock worth $3,339,314. 0.08% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in HD. BlackRock Inc. bought a new stake in shares of Home Depot during the 2nd quarter valued at $28,771,247,000. Bank of America Corp DE bought a new position in shares of Home Depot in the 2nd quarter worth about $5,780,468,000. Norges Bank purchased a new position in Home Depot during the 4th quarter valued at about $4,850,329,000. Bank of New York Mellon Corp purchased a new position in Home Depot during the 2nd quarter valued at about $2,777,396,000. Finally, Corient Private Wealth LP bought a new stake in Home Depot during the second quarter worth about $390,913,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Company Profile

The Home Depot, Inc is a home improvement retailer that sells building materials, appliances, decor, hardware, tools, paint, lawn and garden products, and related merchandise. The company serves do-it-yourself customers, professional contractors, homebuilders, and other commercial customers through its retail stores and digital platforms.

Home Depot also provides services such as equipment and tool rental, delivery, installation, and project support. Its professional-focused offerings include job-lot quantities, specialized products, credit services, and account support designed for contractors and other trade customers.

Founded in 1978 by Bernie Marcus, Arthur Blank, Ken Langone, and Pat Farrah, the company is headquartered in Atlanta, Georgia.