DA Davidson Increases Home Depot (NYSE:HD) Price Target to $445.00

Home Depot (NYSE:HD) had its target price upped by DA Davidson from $407.00 to $445.00 in a report released on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the home improvement retailer’s stock. DA Davidson’s target price would suggest a potential upside of 15.67% from the stock’s current price.

Several other equities analysts have also recently issued reports on the company. JPMorgan Chase & Co. reduced their price objective on Home Depot from $444.00 to $423.00 and set an “overweight” rating for the company in a report on Wednesday, November 19th. HSBC dropped their price target on Home Depot from $445.00 to $400.00 and set a “hold” rating for the company in a research report on Wednesday, November 19th. Robert W. Baird boosted their price objective on shares of Home Depot from $400.00 to $430.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 17th. Evercore dropped their target price on shares of Home Depot from $450.00 to $425.00 and set an “outperform” rating for the company in a report on Wednesday, November 19th. Finally, Sanford C. Bernstein lifted their target price on shares of Home Depot from $362.00 to $381.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 18th. Twenty-one equities research 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $409.90.

Home Depot Price Performance

Shares of Home Depot stock traded up $7.73 during trading on Tuesday, reaching $384.72. The company’s stock had a trading volume of 3,784,562 shares, compared to its average volume of 4,266,632. The business has a 50 day moving average price of $369.64 and a 200-day moving average price of $380.14. Home Depot has a 12-month low of $326.31 and a 12-month high of $426.75. The company has a market capitalization of $382.99 billion, a P/E ratio of 26.20, a price-to-earnings-growth ratio of 13.66 and a beta of 1.08. The company has a quick ratio of 0.29, a current ratio of 1.05 and a debt-to-equity ratio of 3.82.

Home Depot (NYSE:HD) last issued 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. The company had revenue of $38.20 billion for the quarter, compared to analyst estimates of $38.01 billion. Home Depot had a net margin of 8.77% and a return on equity of 160.74%. The business’s revenue was down 3.8% on a year-over-year basis. During the same period in the previous year, the firm earned $3.13 EPS. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. As a group, sell-side analysts anticipate that Home Depot will post 15.13 EPS for the current year.

Insider Activity at Home Depot

In other Home Depot news, EVP Ann Marie Campbell sold 145 shares of the firm’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $358.26, for a total value of $51,947.70. Following the sale, the executive vice president directly owned 12,320 shares of the company’s stock, valued at approximately $4,413,763.20. This trade represents a 1.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 2,872 shares of Home Depot stock in a transaction dated 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 position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 4,963 shares of company stock worth $1,748,845. 0.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Home Depot

A number of hedge funds have recently made changes to their positions in the business. Silphium Asset Management Ltd boosted its position in shares of 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 valued at $5,488,000 after purchasing an additional 5,900 shares in the last quarter. West Family Investments Inc. lifted its stake in Home Depot by 65.6% during the second quarter. West Family Investments Inc. now owns 3,630 shares of the home improvement retailer’s stock valued at $1,331,000 after purchasing an additional 1,438 shares during the last quarter. Truist Financial Corp boosted 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 buying an additional 3,608 shares in the last quarter. Asset Management One Co. Ltd. boosted its holdings 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 worth $216,600,000 after buying an additional 12,239 shares in the last quarter. Finally, Atlantic Union Bankshares Corp grew its position in Home Depot by 59.9% in the third quarter. Atlantic Union Bankshares Corp now owns 107,438 shares of the home improvement retailer’s stock worth $43,533,000 after buying an additional 40,232 shares during the last quarter. Hedge funds and other institutional investors 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: Q4 earnings beat and margin strength — HD reported adjusted EPS of $2.72, beating consensus and delivering its largest EPS beat in years, helped by gross‑margin gains and supply‑chain efficiencies. This is the primary catalyst for the stock uplift. Read More.
• Positive Sentiment: Comparable‑sales recovery and margin outperformance — organic comps were slightly positive (+0.4% systemwide; +0.3% U.S.) and margins came in better than feared, supporting profitability even as total revenue fell. Read More.
• Positive Sentiment: Dividend raised and institutional accumulation — HD raised its quarterly dividend (~+1.3%) and MarketBeat notes heavy institutional accumulation and “dividend‑contender” status, which can reduce volatility and attract long‑term buyers. Read More.
• Positive Sentiment: Shift toward B2B/pro revenue lessens DIY exposure — management highlighted growth of pro/B2B sales (approaching ~50% of revenue), which is structurally more stable than DIY traffic. This diversification supports resilience in softer housing cycles. Read More.
• Neutral Sentiment: FY‑2026 guidance reaffirmed but tepid — HD set an EPS range of $14.230–$14.799 (midpoint slightly below consensus), which reassures on visibility but slows upside expectations until housing improves. Read More.
• Neutral Sentiment: Analyst response mixed but not panicked — some price targets were trimmed (Piper Sandler) while Overweight/Buy stances were largely maintained, keeping institutional buy interest intact. Read More.
• Negative Sentiment: Sales decline and cautious consumer tone — Total Q4 revenue fell ~3.8% YoY and management said homeowners are delaying big projects amid worries about housing affordability and jobs, a key demand headwind. Read More.
• Negative Sentiment: Tecent guidance/interest‑rate risk — recovery depends on housing and Fed policy; a slower path to rate cuts would delay big‑ticket demand and cap upside. Investors should watch comps, gross margin trends and commentary on interest‑rate outlook. Read More.

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.