Home Depot (NYSE:HD) Trading Up 1% – Here’s Why

Shares of The Home Depot, Inc. (NYSE:HD) traded up 1% during mid-day trading on Thursday . The stock traded as high as $340.57 and last traded at $339.5740. 2,985,734 shares traded hands during trading, a decline of 30% from the average session volume of 4,256,564 shares. The stock had previously closed at $336.16.

Trending Headlines about Home Depot

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

• Positive Sentiment: Macro catalyst — reports that President Trump announced a two-week suspension of attacks on Iran and the resulting sharp drop in crude oil helped lift consumer stocks, boosting Home Depot along with peers. RH and Home Depot Shares Are Soaring, What You Need To Know
• Positive Sentiment: Shares reacted positively to the oil-driven market rally that pushed broader indexes sharply higher, a short-term tailwind for HD’s consumer-exposed revenue. Home Depot Shares Gain As Oil Crash Lifts Consumer Stocks
• Positive Sentiment: Analyst positioning — brokerages collectively give HD a consensus “Moderate Buy,” which supports demand for the stock and may help limit sell-offs. The Home Depot, Inc. (NYSE:HD) Receives Consensus Recommendation of “Moderate Buy” from Brokerages
• Positive Sentiment: Incremental visible earnings support — Erste Group nudged up its FY2028 EPS estimate for Home Depot, reinforcing the view that underlying profitability assumptions remain intact. MarketBeat: Erste Group raises FY2028 EPS for HD
• Neutral Sentiment: Valuation debate — commentary questioning whether HD is “too late to buy” notes mixed intermediate returns; this fuels debate between value/entry-horizon investors rather than prompting immediate directional moves. Is It Too Late To Consider Home Depot (HD) After Recent Share Price Strength?
• Neutral Sentiment: “Oversold” / rebound narratives — some outlets argue HD is oversold and near a support zone, which can attract buyers but also reflects caution about near-term demand. Oversold Home Depot stock not likely to fall much further
• Neutral Sentiment: Inclusion in “discounted stocks” lists can attract bargain hunters, but these stories typically reflect longer-term thematic ideas rather than immediate catalysts. 3 Discounted Stocks With Strong Rebound Potential
• Negative Sentiment: Operating concerns — Zacks highlighted HD hitting a 52-week low and noted weaker big-ticket demand and margin pressures from investments, which pose near-term downside risks if demand softens further. Home Depot Hits 52-Week Low: Time to Buy Now or Stay Cautious?
• Negative Sentiment: Technical/market-headwind notes — broader coverage pointing out YTD and 1-year weakness for HD can keep some investors on the sidelines until clearer demand or margin improvement appears. The Dow Tests a Key Technical Threshold. Watching Apple, Home Depot Stocks.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. TD Cowen reaffirmed a “buy” rating on shares of Home Depot in a report on Thursday, March 12th. Wells Fargo & Company lifted their price objective on Home Depot from $395.00 to $420.00 and gave the stock an “overweight” rating in a report on Wednesday, February 25th. DA Davidson lifted their price objective on Home Depot from $407.00 to $445.00 and gave the stock a “buy” rating in a report on Tuesday, February 24th. Robert W. Baird lifted their price objective on Home Depot from $400.00 to $430.00 and gave the stock an “outperform” rating in a report on Tuesday, February 17th. Finally, Zacks Research raised Home Depot from a “strong sell” rating to a “hold” rating in a report on Monday, February 9th. Twenty research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus price target of $414.17.

Home Depot Stock Performance

The company has a market capitalization of $338.22 billion, a price-to-earnings ratio of 23.86, a PEG ratio of 3.51 and a beta of 1.09. The stock has a fifty day moving average price of $357.82 and a two-hundred day moving average price of $365.74. The company has a quick ratio of 0.26, a current ratio of 1.06 and a debt-to-equity ratio of 3.62.

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

Home Depot Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th were given a $2.33 dividend. This is an increase from Home Depot’s previous quarterly dividend of $2.30. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Thursday, March 12th. Home Depot’s dividend payout ratio (DPR) is presently 65.50%.

Insider Activity at Home Depot

In other news, CFO Richard V. Mcphail sold 2,550 shares of Home Depot stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $368.89, for a total value of $940,669.50. Following the completion of the sale, the chief financial officer owned 44,566 shares of the company’s stock, valued at $16,439,951.74. The trade was a 5.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Home Depot

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. J. Derek Lewis & Associates Inc. purchased a new stake in shares of Home Depot in the fourth quarter valued at $1,448,000. Purpose Unlimited Inc. purchased a new stake in shares of Home Depot in the fourth quarter valued at $162,000. Stance Capital LLC grew its position in shares of Home Depot by 20.7% in the fourth quarter. Stance Capital LLC now owns 3,836 shares of the home improvement retailer’s stock valued at $1,320,000 after purchasing an additional 657 shares during the period. Cornerstone Planning LLC purchased a new stake in shares of Home Depot in the fourth quarter valued at $2,763,000. Finally, Rockefeller Capital Management L.P. grew its position in shares of Home Depot by 19.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 934,312 shares of the home improvement retailer’s stock valued at $321,497,000 after purchasing an additional 148,875 shares during the period. Hedge funds and other institutional investors own 70.86% of the company’s stock.

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.