Home Depot (NYSE:HD) Price Target Lowered to $394.00 at Truist Financial

Home Depot (NYSE:HD) had its target price lowered by Truist Financial from $424.00 to $394.00 in a research note published on Wednesday, Marketbeat Ratings reports. Truist Financial currently has a buy rating on the home improvement retailer’s stock.

Other equities analysts have also issued reports about the stock. Wall Street Zen lowered shares of Home Depot from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Wells Fargo & Company increased their price objective on shares of Home Depot from $395.00 to $420.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 25th. Wolfe Research increased their price objective on shares of Home Depot from $413.00 to $414.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 25th. Morgan Stanley increased their price objective on shares of Home Depot from $412.00 to $420.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 28th. Finally, Sanford C. Bernstein increased their price objective on shares of Home Depot from $381.00 to $390.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 25th. Twenty investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $408.10.

Home Depot Stock Performance

Shares of Home Depot stock opened at $302.65 on Wednesday. The firm has a market capitalization of $301.45 billion, a P/E ratio of 21.27, a PEG ratio of 3.58 and a beta of 1.00. The company has a quick ratio of 0.26, a current ratio of 1.06 and a debt-to-equity ratio of 3.62. The company has a 50 day moving average price of $334.45 and a 200 day moving average price of $355.37. Home Depot has a 52 week low of $299.27 and a 52 week high of $426.75.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, February 24th. The home improvement retailer reported $2.72 EPS for the quarter, beating the consensus estimate of $2.52 by $0.20. The firm had revenue of $38.20 billion during the quarter, compared to analyst estimates of $38.01 billion. Home Depot had a net margin of 8.60% and a return on equity of 134.32%. Home Depot’s revenue was down 3.8% on a year-over-year basis. During the same period last year, the firm posted $3.13 EPS. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. Sell-side analysts expect that Home Depot will post 15.03 EPS for the current year.

Home Depot Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th were issued a dividend of $2.33 per share. This is a positive change from Home Depot’s previous quarterly dividend of $2.30. The ex-dividend date of this dividend was Thursday, March 12th. This represents a $9.32 annualized dividend and a dividend yield of 3.1%. Home Depot’s payout ratio is presently 65.50%.

Insider Buying and Selling at Home Depot

In other news, CFO Richard V. Mcphail sold 2,550 shares of Home Depot stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $368.89, for a total transaction of $940,669.50. Following the completion of the transaction, the chief financial officer directly owned 44,566 shares of the company’s stock, valued at $16,439,951.74. The trade was a 5.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.08% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Home Depot

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. 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 acquiring an additional 5,900 shares during the last quarter. Truist Financial Corp raised its holdings in Home Depot by 0.3% in the 3rd quarter. Truist Financial Corp now owns 1,095,113 shares of the home improvement retailer’s stock valued at $443,729,000 after buying an additional 3,608 shares during the period. Atlantic Union Bankshares Corp lifted 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 valued at $43,533,000 after buying an additional 40,232 shares during the last quarter. Carnegie Investment Counsel lifted its position in Home Depot by 24.8% in the fourth quarter. Carnegie Investment Counsel now owns 108,306 shares of the home improvement retailer’s stock valued at $37,268,000 after buying an additional 21,545 shares during the last quarter. Finally, Savvy Advisors Inc. lifted its position in Home Depot by 36.0% in the fourth quarter. Savvy Advisors Inc. now owns 19,478 shares of the home improvement retailer’s stock valued at $6,703,000 after buying an additional 5,152 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Key Headlines Impacting Home Depot

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

• Positive Sentiment: J.P. Morgan reiterated a Buy rating, citing resilient spring demand, strength in professional customers, and momentum in big-ticket sales, which supports the long-term investment case for Home Depot (HD). Article Title
• Positive Sentiment: Truist kept a Buy rating even after cutting its price target to $394 from $424, suggesting analysts still see meaningful upside from current levels. Article Title
• Neutral Sentiment: Home Depot remains a popular dividend name, with several articles highlighting its income appeal and blue-chip status, which may help limit downside for income-focused investors. Article Title
• Neutral Sentiment: Investor commentary ahead of the upcoming report is mixed, with some noting the stock may still offer value after recent weakness, while others question whether the bull case can survive the print. Article Title
• Negative Sentiment: The stock has been falling ahead of earnings, with articles pointing to a multi-day pullback and a move toward a more than two-year low, signaling bearish investor sentiment before the report. Article Title
• Negative Sentiment: Analysts are expecting a decline in earnings in the upcoming quarter, adding to concerns that housing-related weakness and softer discretionary spending could pressure results. Article Title

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.