Home Depot (NYSE:HD) Rating Increased to Hold at Wall Street Zen

Key Points

• Wall Street Zen upgraded Home Depot from a “sell” to a “hold” rating, adding to a mixed but still generally positive analyst view of the stock.
• Other recent analyst actions included multiple price-target cuts, with the consensus rating still at Moderate Buy and an average price target of $371.39.
• Home Depot’s latest earnings beat expectations, posting $3.43 EPS on $41.77 billion in revenue, while the company also guided FY2026 EPS at 14.690–15.278.

Home Depot (NYSE:HD - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued on Tuesday.

HD has been the subject of a number of other reports. Mizuho cut their target price on Home Depot from $415.00 to $385.00 and set an "outperform" rating for the company in a research note on Wednesday, May 20th. Daiwa Securities Group raised their price objective on Home Depot from $360.00 to $390.00 and gave the company a "neutral" rating in a research note on Thursday, February 26th. TD Cowen dropped their price objective on Home Depot from $450.00 to $375.00 and set a "buy" rating for the company in a research note on Wednesday, May 20th. UBS Group lowered their target price on Home Depot from $450.00 to $430.00 and set a "buy" rating on the stock in a report on Wednesday, May 20th. Finally, JPMorgan Chase & Co. lowered their target price on Home Depot from $423.00 to $396.00 and set an "overweight" rating on the stock in a report on Wednesday, May 20th. Nineteen equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Home Depot currently has an average rating of "Moderate Buy" and a consensus price target of $371.39.

Home Depot Stock Performance

Shares of HD stock opened at $310.58 on Tuesday. The company has a market cap of $309.68 billion, a price-to-earnings ratio of 22.06, a price-to-earnings-growth ratio of 3.66 and a beta of 1.00. The stock has a 50 day simple moving average of $324.35 and a 200-day simple moving average of $349.17. Home Depot has a 12-month low of $289.10 and a 12-month high of $426.75. The company has a current ratio of 1.04, a quick ratio of 0.28 and a debt-to-equity ratio of 3.23.

Home Depot (NYSE:HD - Get Free Report) last issued its earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.41 by $0.02. The business had revenue of $41.77 billion during the quarter, compared to the consensus estimate of $41.59 billion. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The company's revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the prior year, the business posted $3.56 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, equities analysts forecast that Home Depot will post 15.02 EPS for the current year.

Insider Activity

In other news, CFO Richard V. Mcphail sold 2,550 shares of the firm's stock in a transaction on Wednesday, March 4th. The stock was 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 in the company, valued at $16,439,951.74. This trade represents a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.08% of the stock is owned by company insiders.

Institutional Investors Weigh In On Home Depot

Hedge funds have recently made changes to their positions in the business. Brighton Jones LLC boosted its holdings in Home Depot by 36.5% in the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer's stock valued at $10,471,000 after acquiring an additional 7,203 shares during the last quarter. Sivia Capital Partners LLC boosted its holdings in Home Depot by 7.1% in the second quarter. Sivia Capital Partners LLC now owns 2,598 shares of the home improvement retailer's stock valued at $952,000 after acquiring an additional 173 shares during the last quarter. Schnieders Capital Management LLC. boosted its holdings in Home Depot by 14.1% in the second quarter. Schnieders Capital Management LLC. now owns 11,587 shares of the home improvement retailer's stock valued at $4,248,000 after acquiring an additional 1,433 shares during the last quarter. Darwin Wealth Management LLC acquired a new position in Home Depot in the second quarter valued at $1,773,000. Finally, Financial Advisors Network Inc. boosted its holdings in Home Depot by 11.3% in the second quarter. Financial Advisors Network Inc. now owns 2,368 shares of the home improvement retailer's stock valued at $868,000 after acquiring an additional 241 shares during the last quarter. Institutional investors and hedge funds 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.

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