Home Depot (NYSE:HD) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Home Depot (NYSE:HD) had its target price lifted by equities research analysts at Stifel Nicolaus from $320.00 to $340.00 in a research report issued on Monday,Benzinga reports. The firm currently has a “hold” rating on the home improvement retailer’s stock. Stifel Nicolaus’ target price suggests a potential upside of 0.53% from the company’s previous close.

A number of other equities analysts also recently issued reports on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Home Depot from $423.00 to $396.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 20th. The Goldman Sachs Group reduced their price target on Home Depot from $409.00 to $390.00 and set a “buy” rating for the company in a research report on Wednesday, May 20th. Citigroup cut their target price on Home Depot from $450.00 to $400.00 and set a “buy” rating on the stock in a research note on Tuesday, May 12th. Oppenheimer cut their price objective on shares of Home Depot from $405.00 to $310.00 and set a “market perform” rating on the stock in a research report on Monday, May 18th. Finally, Jefferies Financial Group cut their price target on shares of Home Depot from $361.00 to $360.00 and set a “buy” rating on the stock in a report on Thursday, June 4th. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $373.89.

Home Depot Stock Performance

Shares of NYSE:HD opened at $338.21 on Monday. The firm’s 50 day simple moving average is $339.17 and its 200-day simple moving average is $341.53. The company has a debt-to-equity ratio of 3.23, a quick ratio of 0.28 and a current ratio of 1.04. Home Depot has a one year low of $289.10 and a one year high of $426.75. The firm has a market cap of $337.23 billion, a PE ratio of 24.02, a price-to-earnings-growth ratio of 4.08 and a beta of 0.95.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.41 by $0.02. The company had revenue of $41.77 billion for the quarter, compared to analysts’ expectations of $41.59 billion. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.Home Depot’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.56 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, equities analysts predict that Home Depot will post 15 EPS for the current year.

Institutional Trading of Home Depot

Hedge funds have recently added to or reduced their stakes in the company. Parvin Asset Management LLC raised its holdings in Home Depot by 110.0% in the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $26,000 after purchasing an additional 33 shares during the period. Zeit Capital LLC acquired a new stake in Home Depot in the 2nd quarter valued at $26,000. Advocate Investing Services LLC purchased a new stake in Home Depot in the 4th quarter worth $25,000. Cache Advisors LLC purchased a new position in Home Depot during the first quarter valued at $27,000. Finally, Imprint Wealth LLC acquired a new stake in shares of Home Depot in the third quarter valued at about $34,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Home Depot

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

• Positive Sentiment: Wall Street analysts remain broadly supportive ahead of earnings, with recent forecast and price-target updates suggesting potential upside if Home Depot delivers solid comparable-store sales and maintains its outlook. Analysts are currently expecting approximately $4.73 in quarterly earnings per share. Home Depot Gears Up for Q2 Print
• Positive Sentiment: Professional-contractor demand could provide a key earnings support, potentially offsetting softer do-it-yourself spending and a housing market constrained by elevated mortgage rates. Strong big-ticket sales, comparable-store results, or improved guidance could reinforce a recovery case for HD. Home Depot Earnings Preview
• Positive Sentiment: The Bill & Melinda Gates Foundation Trust reportedly established an approximately $353 million Home Depot position during the second quarter, providing a notable institutional vote of confidence despite the stock’s longer-term decline. Bill Gates’ Portfolio Added Home Depot
• Neutral Sentiment: Home Depot’s earnings are part of a major retail reporting week that also includes Walmart, Target and TJX. Results across the group may provide investors with broader evidence about consumer spending and retail demand. Retail Earnings and Other Key Things to Watch
• Negative Sentiment: Comparable customer transactions declined 1.3% in the fiscal first quarter, marking five consecutive quarters of declines. The average ticket increased 2.3% to $92.76, indicating larger purchases are not fully offsetting fewer customer visits. Home Depot’s Customer Transactions Have Fallen
• Negative Sentiment: CEO Ted Decker’s temporary medical leave, announced just days before the earnings release, introduces leadership uncertainty and may increase investor sensitivity to the company’s guidance and interim-management plans. Home Depot CEO Takes Medical Leave

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.