Home Depot (NYSE:HD) Price Target Lowered to $400.00 at Evercore

Home Depot (NYSE:HD) had its target price lowered by analysts at Evercore from $415.00 to $400.00 in a report issued on Wednesday,MarketScreener reports. The brokerage presently has an “outperform” rating on the home improvement retailer’s stock. Evercore’s target price points to a potential upside of 33.04% from the stock’s previous close.

HD has been the subject of several other reports. Morgan Stanley cut their price target on shares of Home Depot from $420.00 to $400.00 and set an “overweight” rating for the company in a research report on Wednesday. Daiwa Securities Group boosted their target price on Home Depot from $360.00 to $390.00 and gave the company a “neutral” rating in a research note on Thursday, February 26th. Citigroup dropped their target price on Home Depot from $450.00 to $400.00 and set a “buy” rating for the company in a report on Tuesday, May 12th. Mizuho decreased their price target on Home Depot from $415.00 to $385.00 and set an “outperform” rating on the stock in a research note on Wednesday. Finally, Telsey Advisory Group lowered their price objective on Home Depot from $435.00 to $410.00 and set an “outperform” rating for the company in a research report on Wednesday. Twenty research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $377.45.

Home Depot Price Performance

NYSE HD traded down $1.79 on Wednesday, reaching $300.66. 409,809 shares of the company’s stock traded hands, compared to its average volume of 4,271,535. The stock has a market cap of $299.46 billion, a PE ratio of 21.21, a P/E/G ratio of 3.46 and a beta of 1.00. Home Depot has a 12 month low of $289.10 and a 12 month high of $426.75. The stock has a 50-day simple moving average of $329.41 and a 200 day simple moving average of $353.04. The company has a debt-to-equity ratio of 3.62, a current ratio of 1.06 and a quick ratio of 0.26.

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, beating analysts’ consensus estimates of $3.41 by $0.02. Home Depot had a net margin of 8.60% and a return on equity of 134.32%. The company had revenue of $41.77 billion during the quarter, compared to analysts’ expectations of $41.59 billion. During the same quarter in the prior year, the company earned $3.56 EPS. The firm’s revenue was up 4.8% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, research analysts predict that Home Depot will post 15.02 earnings per share for the current year.

Insider Activity at Home Depot

In other news, CFO Richard V. Mcphail sold 2,550 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The shares were 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 directly owned 44,566 shares of the company’s stock, valued at approximately $16,439,951.74. This trade represents a 5.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.08% of the company’s stock.

Hedge Funds Weigh In On Home Depot

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of Home Depot by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 99,635,779 shares of the home improvement retailer’s stock worth $34,284,672,000 after acquiring an additional 1,325,748 shares in the last quarter. State Street Corp grew its stake in Home Depot by 1.8% in the fourth quarter. State Street Corp now owns 46,925,342 shares of the home improvement retailer’s stock worth $16,147,010,000 after purchasing an additional 825,164 shares during the period. Geode Capital Management LLC raised its holdings in Home Depot by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 23,756,142 shares of the home improvement retailer’s stock worth $8,151,344,000 after purchasing an additional 343,153 shares in the last quarter. Bank of America Corp DE raised its holdings in Home Depot by 1.6% in the first quarter. Bank of America Corp DE now owns 16,314,357 shares of the home improvement retailer’s stock worth $5,365,629,000 after purchasing an additional 250,825 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Home Depot by 7.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 15,471,132 shares of the home improvement retailer’s stock valued at $5,323,620,000 after buying an additional 1,113,114 shares during the period. 70.86% of the stock is owned by institutional investors.

Home Depot News Roundup

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

• Positive Sentiment: Home Depot beat first-quarter estimates, reporting EPS of $3.43 versus $3.41 expected and revenue of $41.77 billion versus $41.59 billion expected, while sales rose 4.8% year over year. Home Depot Inc (HD) Q1 2026 Earnings Call Highlights: Navigating Growth Amidst Margin Pressures
• Positive Sentiment: The company reaffirmed fiscal 2026 guidance, which eased investor concerns that weak housing demand and cautious consumers would force a bigger reset. The Home Depot Announces First Quarter Fiscal 2026 Results; Reaffirms Fiscal 2026 Guidance
• Positive Sentiment: Several analysts kept bullish ratings despite trimming price targets, including Telsey, Baird, Mizuho, and Jefferies, signaling Wall Street still sees upside from current levels. Analyst price target changes for Home Depot
• Neutral Sentiment: Management said Pro demand, digital growth, and distribution expansion helped offset weakness in big-ticket projects, suggesting a steady but not strong operating backdrop. HD Q1 Earnings Call Highlights Pro Push, Steady Outlook
• Negative Sentiment: Comparable sales growth was only 0.6% overall and 0.4% in the U.S., reinforcing concerns that higher borrowing costs, affordability pressures, and a weak housing market are limiting demand. Home Depot beats quarterly sales estimates on steady demand
• Negative Sentiment: Some commentary focused on the stock’s sharp decline to a two-year low and the risk that soft housing activity could keep pressure on the shares despite the earnings beat. Home Depot’s Earnings Were Solid, but the Stock Hit a 2-Year Low

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.