Home Depot (NYSE:HD) Receives "Outperform" Rating from Telsey Advisory Group

Key Points

• Telsey Advisory Group reiterated an "Outperform" on Home Depot with a $435 price target (≈30.96% upside), while brokers' targets range roughly $348–$454 and MarketBeat's consensus is a "Moderate Buy" with a $414.52 target.
• Home Depot beat quarterly EPS estimates ($2.72 vs. $2.52) but saw revenue decline 3.8% YoY; the stock trades near $332—below its 50‑ and 200‑day moving averages—while management pursues pro‑growth initiatives (Mingledorff’s HVAC acquisition, 12 new stores, digital/AI tools) as potential catalysts.

Home Depot (NYSE:HD - Get Free Report)'s stock had its "outperform" rating restated by Telsey Advisory Group in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $435.00 price objective on the home improvement retailer's stock. Telsey Advisory Group's price objective points to a potential upside of 30.96% from the stock's previous close.

A number of other brokerages have also commented on HD. Wolfe Research upped their price objective on shares of Home Depot from $413.00 to $414.00 and gave the company an "outperform" rating in a research report on Wednesday, February 25th. Jefferies Financial Group lifted their target price on Home Depot from $424.00 to $454.00 and gave the stock a "buy" rating in a research report on Tuesday, February 24th. Gordon Haskett boosted their price target on Home Depot from $330.00 to $370.00 and gave the company a "hold" rating in a research note on Wednesday, February 11th. Wells Fargo & Company upped their price target on Home Depot from $395.00 to $420.00 and gave the company an "overweight" rating in a report on Wednesday, February 25th. Finally, Citigroup raised their price objective on Home Depot from $407.00 to $450.00 and gave the stock a "buy" rating in a research report on Thursday, February 12th. Twenty analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $414.52.

Home Depot Stock Performance

Shares of HD traded up $1.26 during mid-day trading on Wednesday, hitting $332.17. The company's stock had a trading volume of 917,825 shares, compared to its average volume of 4,254,182. The stock's 50-day moving average is $369.70 and its two-hundred day moving average is $372.56. The firm has a market capitalization of $330.85 billion, a PE ratio of 23.27, a price-to-earnings-growth ratio of 3.62 and a beta of 1.09. The company has a debt-to-equity ratio of 3.62, a quick ratio of 0.26 and a current ratio of 1.06. Home Depot has a one year low of $320.26 and a one year high of $426.75.

Home Depot (NYSE:HD - Get Free Report) last announced its earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.52 by $0.20. Home Depot had a net margin of 8.60% and a return on equity of 134.32%. The business had revenue of $38.20 billion for the quarter, compared to analyst estimates of $38.01 billion. During the same quarter in the previous year, the firm posted $3.13 earnings per share. Home Depot's revenue was down 3.8% compared to the same quarter last year. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. As a group, sell-side analysts anticipate that Home Depot will post 15.13 EPS for the current year.

Insider Activity 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 stock was sold at an average price of $368.89, for a total value of $940,669.50. Following the sale, the chief financial officer directly owned 44,566 shares in the company, valued at $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 is available at this hyperlink. Also, EVP Teresa Wynn Roseborough sold 2,872 shares of the stock in a transaction on Friday, December 26th. The stock was sold at an average price of $348.52, for a total value of $1,000,949.44. Following the transaction, the executive vice president owned 13,196 shares of the company's stock, valued at $4,599,069.92. This represents a 17.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Home Depot

Several institutional investors have recently added to or reduced their stakes in the company. Brighton Jones LLC raised its holdings in shares of 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 buying an additional 7,203 shares during the last quarter. Sivia Capital Partners LLC increased its position in Home Depot by 7.1% in the 2nd 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 in the last quarter. Schnieders Capital Management LLC. increased its position in Home Depot by 14.1% in the 2nd 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 in the last quarter. Edmond DE Rothschild Holding S.A. raised its stake in shares of Home Depot by 27.5% in the second quarter. Edmond DE Rothschild Holding S.A. now owns 27,956 shares of the home improvement retailer's stock worth $10,250,000 after acquiring an additional 6,032 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in shares of Home Depot in the second quarter worth about $549,000. 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: SRS subsidiary agreement to buy Mingledorff’s expands Home Depot’s pro distribution and increases its total addressable market, giving the company a clearer path to capture HVAC wholesale revenue and strengthen its professional sales channel. The Home Depot Subsidiary SRS Distribution Enters into Agreement to Acquire Wholesale HVAC Distributor Mingledor's
• Positive Sentiment: Analysts frame the deal as material to pro growth — J.P. Morgan reiterated a Buy and highlights a large HVAC opportunity tied to the acquisition, supporting upside if Home Depot converts pro customers. Expanding the Pro Platform: Home Depot’s Mingledorff’s Acquisition Unlocks a $100B HVAC Opportunity
• Positive Sentiment: Home Depot plans to open 12 new U.S. stores in 2026, signaling continued brick-and-mortar expansion that supports revenue growth and local pro penetration. Home Depot to open 12 new US stores in 2026. See where.
• Positive Sentiment: Digital upgrades and AI-enabled project-planning tools for professional customers improve retention and may lift margins and order frequency from higher-value pro accounts. The Home Depot beefs up digital shopping experience for pros
• Neutral Sentiment: Market commentators (Jim Cramer) note the charitable trust is holding HD as a hedge if rates are cut, and Home Depot’s charitable milestones provide goodwill but are unlikely to move fundamentals quickly. Jim Cramer Notes That the Charitable Trust Holds On to Home Depot In Case the Rates Get Cut
• Neutral Sentiment: Smaller rival store closures reduce local competition in some markets, a modest positive for Home Depot’s share but not a near-term earnings catalyst. 54-year-old Home Depot rival closes store, no bankruptcy
• Negative Sentiment: BNP Paribas Exane cut its price target to $348 and moved to Neutral, signaling some analyst skepticism on near-term upside; that downgrade pressure likely contributed to the pullback. BNP Paribas Exane price target cut
• Negative Sentiment: Technical/market factors: HD is trading below its 50- and 200-day moving averages with lighter-than-average volume, which can amplify downside as momentum and algorithmic flows favor sellers.

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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