Home Depot (NYSE:HD) Stock Price Up 3.1% – Still a Buy?

The Home Depot, Inc. (NYSE:HD)’s stock price rose 3.1% during mid-day trading on Monday . The stock traded as high as $334.72 and last traded at $330.7890. Approximately 5,662,148 shares were traded during mid-day trading, an increase of 31% from the average daily volume of 4,309,375 shares. The stock had previously closed at $320.75.

Key Home Depot News

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

• Positive Sentiment: SRS (Home Depot subsidiary) agreed to acquire Mingledorff’s, a 42-location HVAC distributor in the southeastern U.S., giving HD immediate scale in HVAC distribution and opening exposure to a reported ~$100B HVAC opportunity; this directly advances its Pro strategy and TAM expansion. Article Title
• Positive Sentiment: Multiple outlets frame the Mingledorff’s deal as a strategic move to accelerate Pro penetration and HVAC distribution capability, reinforcing revenue diversification away from retail consumer demand swings. Article Title
• Positive Sentiment: J.P. Morgan reiterated a Buy on HD, highlighting the Mingledorff’s acquisition as accretive to the Pro platform and total addressable market expansion. Article Title
• Positive Sentiment: Telsey Advisory Group reaffirmed an Outperform rating and set a $435 price target, signaling confidence in HD’s growth runway and Pro initiatives. Article Title
• Positive Sentiment: Home Depot is enhancing digital project-management tools and Pro-facing online features—efforts that should boost Pro loyalty, average ticket sizes and recurring business. Article Title
• Neutral Sentiment: HD plans to open 12 new U.S. stores in 2026, extending its physical footprint; expansion supports long-term growth but has limited immediate earnings impact. Article Title
• Neutral Sentiment: Media coverage (Jim Cramer) notes institutional holders retaining HD as a rate-cut hedge, which signals investor confidence but is not a new catalyst. Article Title
• Negative Sentiment: BNP Paribas Exane cut its price target from $391 to $348 and moved to a Neutral rating, introducing some analyst-level downward pressure and moderating near-term upside expectations. Article Title

Wall Street Analyst Weigh In

HD has been the topic of a number of recent analyst reports. Sanford C. Bernstein upped their price target on shares of Home Depot from $381.00 to $390.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 25th. Telsey Advisory Group reiterated an “outperform” rating and issued a $435.00 price objective on shares of Home Depot in a research note on Wednesday. TD Cowen reissued a “buy” rating on shares of Home Depot in a report on Thursday, March 12th. KeyCorp reaffirmed a “sector weight” rating on shares of Home Depot in a report on Wednesday, February 25th. Finally, Piper Sandler reduced their price target on shares of Home Depot from $441.00 to $422.00 and set an “overweight” rating for the company in a research report on Monday, February 23rd. Twenty research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $414.52.

Home Depot Stock Performance

The company has a market cap of $331.13 billion, a price-to-earnings ratio of 23.36, a P/E/G ratio of 3.62 and a beta of 1.09. The company has a current ratio of 1.06, a quick ratio of 0.26 and a debt-to-equity ratio of 3.62. The stock’s 50 day moving average price is $369.70 and its 200 day moving average price is $372.56.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 EPS for the quarter, topping the consensus estimate of $2.52 by $0.20. The company had revenue of $38.20 billion during the quarter, compared to analyst estimates of $38.01 billion. Home Depot had a return on equity of 134.32% and a net margin of 8.60%.The firm’s revenue was down 3.8% on a year-over-year basis. During the same period in the prior year, the firm posted $3.13 earnings per share. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. On average, analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th will be issued a dividend of $2.33 per share. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $9.32 dividend on an annualized basis and a yield of 2.8%. This is a boost from Home Depot’s previous quarterly dividend of $2.30. Home Depot’s dividend payout ratio (DPR) is 65.50%.

Insiders Place Their Bets

In other news, CFO Richard V. Mcphail sold 2,550 shares of Home Depot stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $368.89, for a total value of $940,669.50. Following the completion of the transaction, the chief financial officer directly owned 44,566 shares of the company’s stock, valued at approximately $16,439,951.74. The trade was a 5.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 2,872 shares of Home Depot 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 transaction, the executive vice president owned 13,196 shares of the company’s stock, valued at approximately $4,599,069.92. The trade was a 17.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.10% of the company’s stock.

Hedge Funds Weigh In On Home Depot

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Brighton Jones LLC grew its stake in Home Depot by 36.5% in the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock worth $10,471,000 after purchasing an additional 7,203 shares in the last quarter. Sivia Capital Partners LLC raised its holdings in Home Depot by 7.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,598 shares of the home improvement retailer’s stock valued at $952,000 after buying an additional 173 shares during the period. Schnieders Capital Management LLC. raised its holdings in Home Depot by 14.1% in the 2nd quarter. Schnieders Capital Management LLC. now owns 11,587 shares of the home improvement retailer’s stock valued at $4,248,000 after buying an additional 1,433 shares during the period. Quadcap Wealth Management LLC lifted its position in Home Depot by 4.5% in the second quarter. Quadcap Wealth Management LLC now owns 2,595 shares of the home improvement retailer’s stock valued at $951,000 after buying an additional 112 shares during the last quarter. Finally, One Charles Private Wealth Services LLC boosted its stake in Home Depot by 9.5% during the second quarter. One Charles Private Wealth Services LLC now owns 2,217 shares of the home improvement retailer’s stock worth $813,000 after buying an additional 192 shares during the period. Institutional investors own 70.86% of the company’s stock.

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.