Piper Sandler Cuts Home Depot (NYSE:HD) Price Target to $422.00

Home Depot (NYSE:HD) had its price target decreased by Piper Sandler from $441.00 to $422.00 in a report released on Monday, MarketBeat.com reports. Piper Sandler currently has an overweight rating on the home improvement retailer’s stock.

A number of other brokerages also recently issued reports on HD. HSBC lowered their price target on shares of Home Depot from $445.00 to $400.00 and set a “hold” rating on the stock in a report on Wednesday, November 19th. DZ Bank reiterated a “sell” rating on shares of Home Depot in a research note on Tuesday, November 18th. KGI Securities lowered shares of Home Depot from an “outperform” rating to a “hold” rating and set a $320.00 price target for the company. in a research report on Wednesday, November 19th. TD Cowen upped their price target on shares of Home Depot from $410.00 to $450.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Finally, Robert W. Baird increased their price objective on Home Depot from $400.00 to $430.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 17th. Twenty equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $414.97.

Home Depot Trading Down 2.3%

Shares of HD stock opened at $375.45 on Monday. The stock has a market capitalization of $373.77 billion, a price-to-earnings ratio of 26.38, a PEG ratio of 13.83 and a beta of 1.08. The company’s fifty day simple moving average is $370.65 and its two-hundred day simple moving average is $380.09. Home Depot has a 1 year low of $326.31 and a 1 year high of $426.75. The company has a debt-to-equity ratio of 3.62, a current ratio of 1.06 and a quick ratio of 0.29.

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

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Investors 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 dividend yield of 2.5%. This is a positive change from Home Depot’s previous quarterly dividend of $2.30. Home Depot’s payout ratio is 62.71%.

Insider Buying and Selling at Home Depot

In other news, EVP Angie Brown sold 1,946 shares of the company’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $357.63, for a total value of $695,947.98. Following the completion of the sale, the executive vice president owned 3,941 shares of the company’s stock, valued at approximately $1,409,419.83. This represents a 33.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Teresa Wynn Roseborough sold 2,872 shares of Home Depot stock in a transaction on Friday, December 26th. The stock was sold at an average price of $348.52, for a total transaction of $1,000,949.44. Following the completion of the transaction, the executive vice president owned 13,196 shares in the company, valued at approximately $4,599,069.92. The trade was a 17.87% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 4,963 shares of company stock worth $1,748,845 over the last ninety days. Insiders own 0.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of HD. Sit Investment Associates Inc. grew its position in shares of Home Depot by 5.0% in the 4th quarter. Sit Investment Associates Inc. now owns 63,105 shares of the home improvement retailer’s stock worth $21,714,000 after buying an additional 3,010 shares during the last quarter. Tempo Wealth LLC bought a new stake in Home Depot in the fourth quarter valued at $1,498,000. Thryve Wealth Management LLC purchased a new position in Home Depot during the 4th quarter valued at $364,000. MidFirst Bank purchased a new stake in shares of Home Depot in the 4th quarter worth about $8,101,000. Finally, Alternative Investment Advisors LLC. boosted its stake in shares of Home Depot by 18.8% during the 4th quarter. Alternative Investment Advisors LLC. now owns 657 shares of the home improvement retailer’s stock valued at $227,000 after purchasing an additional 104 shares in the last quarter. 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 beat on the bottom and top line — Adjusted EPS of $2.72 topped estimates and revenue of $38.2B slightly beat forecasts, showing resilience (positive near‑term earnings surprise). PR Newswire: HD Q4 release
• Positive Sentiment: Dividend raised — Board increased the quarterly dividend to $2.33 (1.3% raise), supporting income investors and signaling confidence in cash flow. Dividend announcement
• Positive Sentiment: Analyst upsides piling up — Multiple firms raised price targets and reiterated buys (e.g., UBS, DA Davidson, Guggenheim, Telsey, Morgan Stanley), giving upward pressure on the stock over the medium term. Benzinga: analyst moves
• Neutral Sentiment: Pro‑customer momentum and mix shift — Home Depot highlighted pro (contractor/B2B) strength and digital growth, a structural positive that partially offsets weak DIY demand but may take time to materially lift comps. PYMNTS: B2B business
• Negative Sentiment: Tepid FY‑2026 guidance and “frozen” housing commentary — Management gave modest sales/EPS growth guidance (comps flat to +2%) and warned customers are deferring big projects, which re‑sets expectations and is the primary reason shares pulled back. Fortune: CEO comments
• Negative Sentiment: Peer caution amplified selling — Lowe’s cautious outlook and mixed retailer commentary renewed category fears (high rates, low housing turnover), triggering profit‑taking across home‑improvement names. QuiverQuant: sector jitters
• Negative Sentiment: Sales decline, margin pressure and valuation questions — Revenue was down 3.8% YoY and some analysts/commentators flagged margin compression and a premium valuation, giving bears ammunition. Seeking Alpha: valuation concerns
• Negative Sentiment: Insider selling and mixed institutional flows noted — Recent insider sales and some big institutional rebalances were flagged in the data feed, which can add short‑term selling pressure. Source: newsfeed data

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.