Home Depot’s (HD) “Buy” Rating Reaffirmed at Guggenheim

Home Depot (NYSE:HD)‘s stock had its “buy” rating reiterated by Guggenheim in a report released on Wednesday,Benzinga reports. They currently have a $425.00 price target on the home improvement retailer’s stock. Guggenheim’s target price indicates a potential upside of 22.64% from the company’s previous close.

A number of other equities research analysts have also recently commented on the stock. JPMorgan Chase & Co. decreased their target price on shares of Home Depot from $423.00 to $396.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 20th. Truist Financial dropped their price target on shares of Home Depot from $394.00 to $369.00 and set a “buy” rating for the company in a research report on Tuesday, May 19th. Weiss Ratings raised shares of Home Depot from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 7th. Mizuho set a $390.00 price objective on shares of Home Depot in a research report on Wednesday. Finally, Jefferies Financial Group restated a “buy” rating and set a $398.00 target price on shares of Home Depot in a research note on Tuesday. Eighteen equities 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $375.43.

Home Depot Price Performance

NYSE HD opened at $346.54 on Wednesday. The business’s fifty day moving average is $340.08 and its 200 day moving average is $340.97. Home Depot has a fifty-two week low of $289.10 and a fifty-two week high of $426.75. The company has a debt-to-equity ratio of 3.23, a quick ratio of 0.28 and a current ratio of 1.04. The company has a market capitalization of $345.54 billion, a PE ratio of 24.69, a price-to-earnings-growth ratio of 4.08 and a beta of 0.95.

Home Depot (NYSE:HD) last posted 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 firm had revenue of $47.86 billion for the quarter, compared to analysts’ expectations of $47.24 billion. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the firm earned $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Sell-side analysts predict that Home Depot will post 14.99 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HD. Parvin Asset Management LLC lifted its holdings in shares of Home Depot by 110.0% in the third 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 in the last quarter. Zeit Capital LLC bought a new position in shares of Home Depot during the second quarter worth $26,000. Advocate Investing Services LLC purchased a new position in Home Depot during the fourth quarter valued at $25,000. Cache Advisors LLC purchased a new position in Home Depot during the first quarter valued at $27,000. Finally, Imprint Wealth LLC bought a new stake in Home Depot in the 3rd quarter valued at $34,000. 70.86% of the stock is currently owned by institutional investors.

Home Depot News Roundup

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

• Positive Sentiment: Quarterly results exceeded expectations: Adjusted EPS was $4.92 versus the $4.73 consensus, while revenue rose 5.7% year over year to $47.86 billion, above estimates of approximately $47.24 billion. Home Depot reaffirms guidance amid frozen housing market conditions
• Positive Sentiment: Comparable sales showed resilience: Companywide comparable sales increased 1.7%, including a 1.3% gain in the U.S.—the strongest comparable-sales performance since 2022. Customers are completing smaller repair and maintenance projects, and average ticket growth of 2.8% offset a 1.0% decline in transactions. Home Depot beats quarterly sales estimates on steady repair demand
• Positive Sentiment: Management reaffirmed fiscal 2026 guidance and analysts see potential for the stock to move toward $375 or higher. Home Depot also expanded three-hour Express Delivery nationwide, using more than 2,000 stores as fulfillment hubs to strengthen its Pro and do-it-yourself online business. Home Depot analysts see a path to $375 and beyond
• Neutral Sentiment: CEO Ted Decker’s medical leave remains an uncertainty for investors, but the earnings report indicated continued operational execution under the existing management team. Home Depot reports higher sales, but its CEO is on medical leave
• Negative Sentiment: The housing recovery is not yet visible: Management described conditions as a “frozen housing market,” with customers avoiding large-ticket renovations. Weak housing starts and elevated mortgage rates could limit future sales growth. Home Depot just flashed a housing market warning
• Negative Sentiment: A $730 million tariff refund largely offset rising costs, limiting its benefit to profits. High Treasury yields and Home Depot’s relatively high valuation—about 24 times earnings—also remain potential headwinds.

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.