Argus Issues Pessimistic Forecast for Home Depot (NYSE:HD) Stock Price

Home Depot (NYSE:HD) had its price objective cut by equities researchers at Argus from $425.00 to $400.00 in a note issued to investors on Thursday,MarketScreener reports. The firm presently has a “buy” rating on the home improvement retailer’s stock. Argus’ price target suggests a potential upside of 29.21% from the company’s previous close.

Other research analysts also recently issued research reports about the company. Zacks Research raised Home Depot from a “strong sell” rating to a “hold” rating in a research note on Monday, February 9th. KeyCorp restated a “sector weight” rating on shares of Home Depot in a research report on Wednesday, February 25th. Gordon Haskett cut their price target on shares of Home Depot from $330.00 to $320.00 and set a “hold” rating for the company in a report on Tuesday. Evercore decreased their price objective on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a research note on Wednesday. Finally, Mizuho lowered their price objective on shares of Home Depot from $415.00 to $385.00 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 assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $371.39.

Home Depot Stock Performance

Shares of NYSE HD traded down $1.02 during trading hours on Thursday, reaching $309.56. 755,016 shares of the stock were exchanged, compared to its average volume of 4,293,847. The firm has a market capitalization of $308.33 billion, a price-to-earnings ratio of 22.01, a P/E/G ratio of 3.49 and a beta of 1.00. The stock’s fifty day simple moving average is $328.56 and its 200 day simple moving average is $352.55. The company has a debt-to-equity ratio of 3.23, a quick ratio of 0.26 and a current ratio of 1.04. Home Depot has a 52 week low of $289.10 and a 52 week high of $426.75.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share for the quarter, topping the consensus estimate of $3.41 by $0.02. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The business had revenue of $41.77 billion during the quarter, compared to analysts’ expectations of $41.59 billion. During the same quarter in the previous year, the company earned $3.56 EPS. The business’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. Sell-side analysts predict that Home Depot will post 15.01 EPS for the current year.

Insider Transactions at Home Depot

In other Home Depot news, CFO Richard V. Mcphail sold 2,550 shares of the company’s stock in a transaction 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 sale, the chief financial officer owned 44,566 shares of the company’s stock, valued at approximately $16,439,951.74. This represents a 5.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.08% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in HD. Advocate Investing Services LLC acquired a new position in shares of Home Depot during the fourth quarter valued at about $25,000. Parvin Asset Management LLC raised its stake in Home Depot by 110.0% during the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $26,000 after buying an additional 33 shares during the period. Cache Advisors LLC bought a new position in Home Depot in the first quarter worth approximately $27,000. Key Capital Management INC acquired a new stake in Home Depot in the fourth quarter valued at approximately $28,000. Finally, Merkkuri Wealth Advisors LLC acquired a new stake in Home Depot in the first quarter valued at approximately $28,000. 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, with EPS of $3.43 and revenue of $41.77 billion, and reaffirmed full-year fiscal 2026 guidance. Management also pointed to strength in Pro demand, digital sales and distribution improvements, which helped support investor confidence. HD Q1 Earnings Call Highlights Pro Push, Steady Outlook
• Positive Sentiment: The Home Depot Foundation announced a $5.5 million investment in disaster preparedness and community resilience ahead of storm season, reinforcing the company’s brand and potentially supporting future demand tied to storm recovery activity. The Home Depot Foundation Invests $5.5M in Disaster Preparedness and Community Resilience Ahead of Storm Season
• Neutral Sentiment: Several analysts lowered price targets after the earnings release, but most kept positive ratings, suggesting a valuation reset rather than a major shift in long-term sentiment. These Analysts Cut Their Forecasts On Home Depot After Q1 Results
• Neutral Sentiment: Commentary around Home Depot and Lowe’s highlighted a “platform economy” strategy for contractors, implying the company is expanding beyond traditional retail into software-enabled services, but this is more of a longer-term strategic theme than an immediate earnings driver. Home Depot and Lowe’s Are Turning Into Software Platforms for Contractors
• Negative Sentiment: Q1 profit fell as cost growth outpaced revenue, and several reports noted that consumers are delaying large home-improvement projects amid housing and affordability pressure, which raises concerns about near-term demand. Home Depot Q1 profit falls as cost growth outpaces revenue
• Negative Sentiment: Some analysts warned Home Depot could miss its 2026 guidance if housing turnover stays weak and demand remains soft, helping explain why the stock’s reaction has been cautious despite the earnings beat. Home Depot Faces Risk of Missing 2026 Guidance on Cost, Demand Outlook Headwinds, RBC Says

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.