Sanford C. Bernstein Forecasts Strong Price Appreciation for Home Depot (NYSE:HD) Stock

Key Points

• Sanford C. Bernstein raised Home Depot’s price target from $344 to $357 but kept a “market perform” rating; the new target implies about 2.4% upside from the current share price.
• Analyst sentiment is more positive overall: the consensus rating is “Moderate Buy,” with an average price target of $375.90.
• Home Depot beat quarterly earnings and revenue estimates, reporting EPS of $4.92 and revenue of $47.86 billion; revenue rose 5.7% year over year.

Home Depot (NYSE:HD - Get Free Report) had its price target hoisted by analysts at Sanford C. Bernstein from $344.00 to $357.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has a "market perform" rating on the home improvement retailer's stock. Sanford C. Bernstein's price objective points to a potential upside of 2.37% from the stock's current price.

A number of other equities research analysts have also recently issued reports on HD. Argus restated a "buy" rating and set a $400.00 price target on shares of Home Depot in a report on Wednesday, August 19th. DA Davidson reissued a "buy" rating and issued a $377.00 price target on shares of Home Depot in a report on Wednesday, August 19th. UBS Group reaffirmed a "buy" rating on shares of Home Depot in a research note on Thursday, September 17th. Melius Research set a $397.00 price objective on shares of Home Depot in a research report on Tuesday, October 6th. Finally, Wells Fargo & Company lifted their target price on Home Depot from $360.00 to $400.00 and gave the company an "overweight" rating in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $375.90.

Home Depot Price Performance

Shares of HD opened at $348.75 on Tuesday. The company has a current ratio of 1.08, a quick ratio of 0.31 and a debt-to-equity ratio of 2.64. The stock has a 50 day moving average of $309.90 and a 200-day moving average of $333.92. Home Depot has a 52 week low of $277.15 and a 52 week high of $397.63. The firm has a market cap of $347.94 billion, a price-to-earnings ratio of 24.49, a PEG ratio of 2.53 and a beta of 0.93.

Home Depot (NYSE:HD - Get Free Report) last announced its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share for the quarter, beating the consensus estimate of $4.73 by $0.19. Home Depot had a return on equity of 106.42% and a net margin of 8.41%. The firm had revenue of $47.86 billion for the quarter, compared to the consensus estimate of $47.24 billion. During the same quarter in the previous year, the business earned $4.68 EPS. The firm's revenue for the quarter was up 5.7% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, analysts forecast that Home Depot will post 15.01 EPS for the current year.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Teresa Roseborough sold 2,455 shares of the firm's stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $328.77, for a total value of $807,130.35. Following the sale, the executive vice president owned 14,061 shares of the company's stock, valued at $4,622,834.97. This trade represents a 14.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Richard McPhail sold 5,989 shares of Home Depot stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $348.40, for a total value of $2,086,567.60. Following the completion of the transaction, the chief financial officer directly owned 48,104 shares in the company, valued at $16,759,433.60. This trade represents a 11.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 9,829 shares of company stock worth $3,339,314 over the last ninety days. Company insiders own 0.08% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of Home Depot during the 2nd quarter valued at about $28,771,247,000. State Street Corp increased its stake in Home Depot by 1.1% during the 2nd quarter. State Street Corp now owns 47,175,026 shares of the home improvement retailer's stock valued at $16,637,688,000 after purchasing an additional 499,168 shares in the last quarter. Bank of America Corp DE purchased a new stake in Home Depot in the second quarter valued at approximately $5,780,468,000. Fisher Asset Management LLC boosted its stake in shares of Home Depot by 1.1% in the third quarter. Fisher Asset Management LLC now owns 10,476,145 shares of the home improvement retailer's stock worth $2,980,359,000 after buying an additional 115,427 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in Home Depot in the second quarter valued at $2,777,396,000. Institutional investors own 70.86% of the company's stock.

Home Depot News Summary

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

• Positive Sentiment: JPMorgan raised its price target to $400 from $396 and reiterated an “overweight” rating, signaling confidence in potential upside. JPMorgan rating update
• Neutral Sentiment: Analysts remain cautiously optimistic overall, though the company has lagged the broader market over the past year. Home Depot Stock: Analyst Estimates & Ratings
• Negative Sentiment: A Seeking Alpha analysis recommends holding ahead of Q3 earnings and says transactions need to turn positive, underscoring uncertainty about demand and near-term catalysts. Home Depot: Hold Into Q3 Earnings, Transactions Must Turn Positive
• Negative Sentiment: 71 West Capital Partners cut its Home Depot stake by 18.2% in the third quarter, a modest negative signal, though one investor’s sale does not establish a broader trend. 71 West Capital Partners share sale
• Negative Sentiment: A recent investor-focused article cites a housing slowdown, costly debt and valuation concerns as challenges to renewed growth. Home Depot’s long-term shareholder returns and current challenges

About Home Depot

The Home Depot, Inc is a home improvement retailer serving do-it-yourself customers, professional contractors and other businesses. The company sells building materials, tools, hardware, appliances, paint, flooring, and products for home maintenance, repair and renovation, as well as lawn and garden supplies.

In addition to its retail stores and online channels, Home Depot offers services such as product delivery, equipment rental and home improvement installation. The company was founded in 1978 and is headquartered in Atlanta, Georgia.

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