Sanford C. Bernstein Has Lowered Expectations for Home Depot (NYSE:HD) Stock Price

Home Depot (NYSE:HD) had its target price lowered by analysts at Sanford C. Bernstein from $390.00 to $365.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “market perform” rating on the home improvement retailer’s stock. Sanford C. Bernstein’s price objective suggests a potential upside of 20.60% from the company’s previous close.

HD has been the topic of several other research reports. Royal Bank Of Canada increased their price target on shares of Home Depot from $363.00 to $377.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 25th. Bank of America started coverage on shares of Home Depot in a research note on Tuesday, May 5th. They set a “buy” rating and a $374.00 price target on the stock. Zacks Research raised shares of Home Depot from a “strong sell” rating to a “hold” rating in a report on Monday, February 9th. Truist Financial decreased their price objective on shares of Home Depot from $424.00 to $394.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $435.00 price target on shares of Home Depot in a report on Wednesday, March 25th. Twenty investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $407.24.

Home Depot Stock Down 2.5%

Home Depot stock opened at $302.65 on Thursday. The firm has a market cap of $301.45 billion, a PE ratio of 21.27, a P/E/G ratio of 3.58 and a beta of 1.00. The company has a debt-to-equity ratio of 3.62, a quick ratio of 0.26 and a current ratio of 1.06. The firm’s 50 day moving average price is $334.45 and its two-hundred day moving average price is $355.37. Home Depot has a twelve month low of $299.27 and a twelve month high of $426.75.

Home Depot (NYSE:HD) last posted its 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. Home Depot had a net margin of 8.60% and a return on equity of 134.32%. The company had revenue of $38.20 billion during the quarter, compared to the consensus estimate of $38.01 billion. During the same period in the previous year, the firm posted $3.13 earnings per share. The company’s revenue for the quarter was down 3.8% compared to the same quarter last year. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. On average, research analysts predict that Home Depot will post 15.03 EPS for the current fiscal year.

Insider Activity

In related news, CFO Richard V. Mcphail sold 2,550 shares of the stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $368.89, for a total transaction of $940,669.50. Following the completion of the sale, the chief financial officer owned 44,566 shares in the company, valued at $16,439,951.74. This trade represents a 5.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.08% of the stock is owned by company insiders.

Institutional Investors Weigh In On Home Depot

Several institutional investors have recently modified their holdings of HD. Brighton Jones LLC grew its position in shares of 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 position in shares of Home Depot by 7.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,598 shares of the home improvement retailer’s stock worth $952,000 after buying an additional 173 shares during the period. Schnieders Capital Management LLC. grew its position in shares of Home Depot by 14.1% during the 2nd quarter. Schnieders Capital Management LLC. now owns 11,587 shares of the home improvement retailer’s stock worth $4,248,000 after buying an additional 1,433 shares during the period. Darwin Wealth Management LLC acquired a new stake in shares of Home Depot during the 2nd quarter worth approximately $1,773,000. Finally, Financial Advisors Network Inc. grew its position in shares of Home Depot by 11.3% during the 2nd quarter. Financial Advisors Network Inc. now owns 2,368 shares of the home improvement retailer’s stock worth $868,000 after buying an additional 241 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Trending Headlines about Home Depot

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

• Positive Sentiment: J.P. Morgan reaffirmed a Buy on Home Depot, citing resilient spring demand, strength among professional customers, and continued momentum in big-ticket sales. Analyst Reaffirms Buy on Home Depot, Citing Resilient Spring Demand, Pro Strength, and Big-Ticket Sales Momentum
• Positive Sentiment: Some investors continue to see Home Depot’s dividend as a draw, with recent coverage highlighting it as a high-quality blue-chip income stock. The Home Depot (HD) – Among the 12 Best Blue Chip Dividend Stocks to Buy Now
• Positive Sentiment: Mortgage rates hit a five-week high, but buyers are returning to the housing market, which could support demand for home-improvement spending and benefit Home Depot. Mortgage Rates Hit Five-Week Highs—But Homebuyers Are Returning, Boosting Home Depot, Lowe’s And Other Builders
• Neutral Sentiment: Truist lowered its price target on Home Depot to $394 from $424, but kept a Buy rating, signaling continued confidence despite a more cautious valuation view. Truist Cuts Price Target on Home Depot to $394 from $424, Keeps Buy Rating
• Neutral Sentiment: Several articles note that Home Depot has been trading down ahead of earnings, reflecting investor caution rather than a clear change in the company’s fundamentals. Blue-Chip Stock Seeing a Pre-Earnings Pullback
• Negative Sentiment: Analysts expect Home Depot to report a decline in earnings, and recent previews suggest the upcoming results may not be strong enough to quickly reverse the stock’s recent weakness. Analysts Estimate Home Depot (HD) to Report a Decline in Earnings: What to Look Out for
• Negative Sentiment: Broader housing-sector weakness is weighing on sentiment across home-improvement and building names, keeping pressure on HD even as the market overall holds up. Housing Stocks Are in Depression Mode. Whirlpool Down 81%, Lennar Crashed 54% While the S&P 500 Soars.

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.