The Home Depot, Inc. (NYSE:HD) Stock Has Average Target Price of $375.18

Shares of The Home Depot, Inc. (NYSE:HD) have earned an average recommendation of “Moderate Buy” from the thirty-two analysts that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eighteen have given a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $375.18.

Several research analysts have issued reports on the company. Guggenheim reiterated a “buy” rating and set a $425.00 price objective on shares of Home Depot in a research note on Wednesday, August 19th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $398.00 target price on shares of Home Depot in a report on Tuesday, August 18th. Royal Bank Of Canada dropped their target price on shares of Home Depot from $343.00 to $342.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 19th. TD Cowen reissued a “buy” rating on shares of Home Depot in a report on Monday, August 10th. Finally, Wolfe Research cut shares of Home Depot from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, June 23rd.

Home Depot Stock Down 0.6%

NYSE HD opened at $281.20 on Thursday. Home Depot has a 1-year low of $277.15 and a 1-year high of $397.63. The company has a market capitalization of $280.55 billion, a price-to-earnings ratio of 19.68, a PEG ratio of 2.01 and a beta of 1.00. The stock’s 50 day moving average is $321.32 and its two-hundred day moving average is $326.21. The company has a current ratio of 1.08, a quick ratio of 0.31 and a debt-to-equity ratio of 2.64.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.73 by $0.19. The business had revenue of $47.86 billion during the quarter, compared to analysts’ expectations of $47.24 billion. Home Depot had a return on equity of 106.42% and a net margin of 8.41%.Home Depot’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Equities analysts forecast that Home Depot will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Thursday, September 3rd were given a dividend of $2.33 per share. The ex-dividend date was Thursday, September 3rd. This represents a $9.32 dividend on an annualized basis and a yield of 3.3%. Home Depot’s dividend payout ratio is 65.22%.

Insiders Place Their Bets

In related news, EVP Michael Rowe sold 710 shares of the firm’s stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $336.76, for a total transaction of $239,099.60. Following the completion of the sale, the executive vice president directly owned 6,838 shares of the company’s stock, valued at $2,302,764.88. This trade represents a 9.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Kimberly Scardino sold 675 shares of the business’s stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $305.95, for a total value of $206,516.25. Following the completion of the transaction, the chief accounting officer directly owned 8,189 shares in the company, valued at approximately $2,505,424.55. This represents a 7.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 9,829 shares of company stock valued at $3,339,314. Company insiders own 0.08% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of Nova Scotia bought a new stake in Home Depot during the 2nd quarter worth about $118,723,000. Gator Capital Management LLC acquired a new stake in shares of Home Depot in the fourth quarter valued at about $3,693,000. AFT Forsyth & Company Inc. bought a new stake in Home Depot during the second quarter worth about $1,896,000. Field & Main Bank bought a new stake in Home Depot during the second quarter worth about $6,286,000. Finally, Envestnet Portfolio Solutions Inc. boosted its position in Home Depot by 9.6% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 49,096 shares of the home improvement retailer’s stock valued at $17,315,000 after purchasing an additional 4,292 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

About Home Depot

The Home Depot, Inc (NYSE: HD) is a home improvement retailer serving do-it-yourself customers, professional contractors, and other trade professionals. The company sells building materials, appliances, décor, hardware, plumbing and electrical supplies, tools, outdoor products, and lawn and garden merchandise through its retail stores and digital platforms.

Home Depot also provides services such as installation, equipment rental, delivery, and project support. Its professional customer offerings include job-lot quantities, delivery solutions, credit services, and tools designed to help contractors manage construction and renovation projects.