Royal Bank Of Canada Cuts Home Depot (NYSE:HD) Price Target to $342.00

Home Depot (NYSE:HD) had its target price decreased by Royal Bank Of Canada from $343.00 to $342.00 in a research report sent to investors on Wednesday, Marketbeat.com reports. Royal Bank Of Canada currently has a sector perform rating on the home improvement retailer’s stock.

Several other equities analysts have also recently issued reports on HD. Evercore decreased their target price on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a research note on Wednesday, May 20th. Sanford C. Bernstein reissued a “market perform” rating and set a $354.00 target price on shares of Home Depot in a research note on Wednesday. Citigroup dropped their target price on Home Depot from $450.00 to $400.00 and set a “buy” rating on the stock in a research report on Tuesday, May 12th. Wolfe Research cut Home Depot from an “outperform” rating to a “peer perform” rating in a report on Tuesday, June 23rd. Finally, Bank of America started coverage on Home Depot in a report on Tuesday, May 5th. They issued a “buy” rating and a $374.00 price objective on the stock. Eighteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Home Depot has an average rating of “Moderate Buy” and an average price target of $375.54.

Home Depot Price Performance

NYSE:HD opened at $336.04 on Wednesday. The firm’s fifty day moving average is $340.86 and its two-hundred day moving average is $340.46. The firm has a market cap of $335.07 billion, a price-to-earnings ratio of 23.52, a PEG ratio of 3.68 and a beta of 0.95. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.28 and a current ratio of 1.08. Home Depot has a one year low of $289.10 and a one year high of $426.75.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share for the quarter, beating analysts’ consensus estimates of $4.73 by $0.19. The business had revenue of $47.86 billion during the quarter, compared to analyst estimates of $47.24 billion. Home Depot had a return on equity of 106.42% and a net margin of 8.41%.The company’s revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the business posted $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Research analysts expect that Home Depot will post 14.99 EPS for the current year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd will be given a $2.33 dividend. This represents a $9.32 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Thursday, September 3rd. Home Depot’s dividend payout ratio (DPR) is 65.22%.

Insider Activity at Home Depot

In related news, CFO Richard V. Mcphail sold 5,989 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $348.40, for a total transaction of $2,086,567.60. Following the completion of the sale, the chief financial officer directly owned 48,104 shares in the company, valued at approximately $16,759,433.60. The trade was a 11.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.08% of the company’s stock.

Hedge Funds Weigh In On Home Depot

Several hedge funds and other institutional investors have recently modified their holdings of HD. Rogco LP boosted its position in Home Depot by 5.8% during the second quarter. Rogco LP now owns 3,513 shares of the home improvement retailer’s stock worth $1,239,000 after acquiring an additional 192 shares during the last quarter. Wheelhouse Advisory Group LLC raised its holdings in Home Depot by 9.5% in the 2nd quarter. Wheelhouse Advisory Group LLC now owns 1,159 shares of the home improvement retailer’s stock valued at $409,000 after acquiring an additional 101 shares during the last quarter. United Community Bank raised its holdings in Home Depot by 0.7% in the 2nd quarter. United Community Bank now owns 5,837 shares of the home improvement retailer’s stock valued at $2,059,000 after acquiring an additional 38 shares during the last quarter. Werlinich Asset Management LLC lifted its stake in Home Depot by 5.8% in the 2nd quarter. Werlinich Asset Management LLC now owns 2,464 shares of the home improvement retailer’s stock worth $869,000 after purchasing an additional 135 shares in the last quarter. Finally, NEOS Investment Management LLC lifted its stake in Home Depot by 11.6% in the 2nd quarter. NEOS Investment Management LLC now owns 161,689 shares of the home improvement retailer’s stock worth $57,024,000 after purchasing an additional 16,869 shares in the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot News Roundup

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

• Positive Sentiment: Home Depot’s latest quarter showed solid execution: earnings and revenue exceeded consensus estimates, while sales increased year over year. Bank of America characterized the results as resilient despite a difficult housing backdrop. Home Depot Q2 results analysis
• Positive Sentiment: The board declared a quarterly dividend of $2.33 per share, payable September 17 to shareholders of record September 3. The annualized payout implies a yield of approximately 2.8%, supporting the stock’s income appeal. Home Depot declares quarterly dividend
• Positive Sentiment: DA Davidson, Argus and Guggenheim reiterated or assigned “Buy” ratings, indicating continued confidence in Home Depot’s long-term positioning. The company is also expanding nationwide express delivery to make smaller projects more convenient for cautious consumers. DA Davidson buy rating Home Depot expands express delivery
• Neutral Sentiment: Royal Bank of Canada lowered its price target to $342, while KeyCorp maintained a Sector Weight rating. The mixed recommendations suggest limited near-term upside despite the earnings beat. RBC lowers Home Depot price target
• Neutral Sentiment: Home Depot expanded executive responsibilities and awarded restricted stock, changes intended to support leadership continuity but with no immediate earnings impact. Home Depot executive changes
• Negative Sentiment: Reports highlight margin pressure and an uphill sales environment as customers delay or reduce spending on major renovations. This could constrain comparable sales and profitability even after the recent quarterly beat. Home Depot margin pressure Home Depot customer spending concerns
• Negative Sentiment: CFO Richard McPhail sold 5,989 shares worth approximately $2.1 million, reducing his position by 11.1%. While insider sales do not necessarily signal deteriorating fundamentals, the transaction may weigh modestly on sentiment. Home Depot CFO stock sale

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.