Wolfe Research Issues Positive Forecast for Home Depot (NYSE:HD) Stock Price

Home Depot (NYSE:HD) had its price objective hoisted by investment analysts at Wolfe Research from $413.00 to $414.00 in a note issued to investors on Wednesday,MarketScreener reports. The firm currently has an “outperform” rating on the home improvement retailer’s stock. Wolfe Research’s price target would suggest a potential upside of 11.17% from the company’s current price.

Other analysts have also recently issued research reports about the stock. The Goldman Sachs Group reiterated a “buy” rating and issued a $413.00 price objective on shares of Home Depot in a research note on Wednesday, December 10th. Evercore reduced their price target on shares of Home Depot from $450.00 to $425.00 and set an “outperform” rating for the company in a research report on Wednesday, November 19th. Bank of America lowered their price target on Home Depot from $450.00 to $430.00 and set a “buy” rating on the stock in a report on Wednesday, November 19th. HSBC dropped their price objective on Home Depot from $445.00 to $400.00 and set a “hold” rating for the company in a research note on Wednesday, November 19th. Finally, Stifel Nicolaus decreased their target price on Home Depot from $370.00 to $350.00 and set a “hold” rating on the stock in a research report on Monday, December 1st. Twenty-one analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and a consensus price target of $414.37.

Home Depot Price Performance

Shares of HD traded down $12.09 during mid-day trading on Wednesday, hitting $372.39. The company’s stock had a trading volume of 705,667 shares, compared to its average volume of 4,211,212. The company has a current ratio of 1.05, a quick ratio of 0.29 and a debt-to-equity ratio of 3.82. Home Depot has a 1-year low of $326.31 and a 1-year high of $426.75. The firm has a market capitalization of $370.71 billion, a P/E ratio of 25.46, a P/E/G ratio of 13.49 and a beta of 1.08. The firm has a 50-day simple moving average of $370.27 and a 200 day simple moving average of $380.12.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, February 24th. The home improvement retailer reported $2.72 earnings per share for the quarter, topping analysts’ consensus estimates of $2.52 by $0.20. Home Depot had a return on equity of 160.74% and a net margin of 8.77%.The firm had revenue of $38.20 billion for the quarter, compared to analyst estimates of $38.01 billion. During the same quarter in the prior year, the company posted $3.13 earnings per share. Home Depot’s quarterly revenue was down 3.8% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. Analysts predict that Home Depot will post 15.13 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Ann Marie Campbell sold 145 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $358.26, for a total transaction of $51,947.70. Following the transaction, the executive vice president owned 12,320 shares of the company’s stock, valued at approximately $4,413,763.20. This represents a 1.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Teresa Wynn Roseborough sold 2,872 shares of the business’s stock in a transaction 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 $4,599,069.92. This trade represents a 17.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 4,963 shares of company stock valued at $1,748,845 in the last ninety days. Insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On Home Depot

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Home Depot by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 99,635,779 shares of the home improvement retailer’s stock worth $34,284,672,000 after acquiring an additional 1,325,748 shares during the period. State Street Corp grew its holdings in Home Depot by 1.8% in the fourth quarter. State Street Corp now owns 46,925,342 shares of the home improvement retailer’s stock valued at $16,147,010,000 after purchasing an additional 825,164 shares during the period. Geode Capital Management LLC increased its position in Home Depot by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 23,756,142 shares of the home improvement retailer’s stock worth $8,151,344,000 after purchasing an additional 343,153 shares during the last quarter. Bank of America Corp DE increased its position in Home Depot by 5.6% during the fourth quarter. Bank of America Corp DE now owns 16,063,532 shares of the home improvement retailer’s stock worth $5,527,461,000 after purchasing an additional 851,029 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Home Depot by 7.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 15,471,132 shares of the home improvement retailer’s stock worth $5,323,620,000 after purchasing an additional 1,113,114 shares during the period. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot News Summary

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

• Positive Sentiment: Q4 earnings and revenue topped expectations (largest EPS beat in many quarters), showing resilient margin execution and improved comps versus recent prints. PR Newswire: Home Depot Q4 results
• Positive Sentiment: Board raised the quarterly dividend by 1.3% to $2.33, supporting income-focused investors and signaling cash-flow confidence. PR Newswire: Dividend increase
• Positive Sentiment: Several sell-side analysts raised price targets and reiterated buy/outperform views after the print (Telsey, DA Davidson, J.P. Morgan commentary), providing uplift to sentiment. The Fly: DA Davidson raises target
• Neutral Sentiment: Management reaffirmed FY2026 EPS guidance (range provided) — the midpoint is close to consensus but guidance is tepid, so it removes some near-term uncertainty without implying strong upside. MarketBeat: Q4 release & guidance
• Neutral Sentiment: Home Depot’s shift toward pro/B2B sales (nearing ~50% of revenue commentary) and digital tools are cited as structural positives that improve earnings quality over time. PYMNTS: B2B momentum
• Negative Sentiment: Sales fell 3.8% Y/Y and management flagged a “frozen” housing market and customers delaying big projects; that weak top-line trend and margin headwinds limit upside. MarketBeat: Sales decline & metrics
• Negative Sentiment: CEO Ted Decker warned customers aren’t investing amid affordability/job worries — a cautionary tone that increases recession/consumer-risk concern for investors. Fortune: CEO warns on customer behavior
• Negative Sentiment: Some analysts and commentators question HD’s premium valuation and urge caution (mixed-quarter narrative — beat on EPS but weaker sales/growth), which may cap multiple expansion. Seeking Alpha: valuation concerns
• Negative Sentiment: High-profile commentators (e.g., Cramer) advised not to buy immediately despite long-term potential, adding short-term selling pressure for some traders. Invezz: Cramer commentary

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.