Home Depot's (HD) "Buy" Rating Reiterated at Argus

Key Points

• Argus reiterated its “Buy” rating on Home Depot and set a $400 price target, implying approximately 15% upside from the prior close.
• Analyst sentiment remains positive overall, with 18 Buy, 13 Hold, and one Sell rating; the consensus is “Moderate Buy” with an average target price of $375.54.
• Home Depot exceeded quarterly expectations, reporting $4.92 in EPS and $47.86 billion in revenue, up 5.7% year over year. Shares rose 3% to $347.75 during Wednesday trading.

Home Depot (NYSE:HD - Get Free Report)'s stock had its "buy" rating reiterated by equities researchers at Argus in a note issued to investors on Wednesday,Benzinga reports. They presently have a $400.00 price objective on the home improvement retailer's stock. Argus' price objective would suggest a potential upside of 15.02% from the stock's previous close.

A number of other equities analysts have also issued reports on the company. Sanford C. Bernstein reaffirmed a "market perform" rating on shares of Home Depot in a research report on Wednesday. Guggenheim reaffirmed a "buy" rating and set a $425.00 target price on shares of Home Depot in a report on Wednesday. Oppenheimer decreased their target price on Home Depot from $405.00 to $310.00 and set a "market perform" rating for the company in a research report on Monday, May 18th. The Goldman Sachs Group lowered their price target on Home Depot from $409.00 to $390.00 and set a "buy" rating for the company in a report on Wednesday, May 20th. Finally, Citigroup dropped their price target on Home Depot from $450.00 to $400.00 and set a "buy" rating on the stock in a research report on Tuesday, May 12th. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Home Depot has a consensus rating of "Moderate Buy" and an average target price of $375.54.

Home Depot Stock Up 3.0%

Shares of Home Depot stock traded up $10.27 during trading hours on Wednesday, hitting $347.75. 1,198,612 shares of the company's stock traded hands, compared to its average volume of 4,377,975. Home Depot has a twelve month low of $289.10 and a twelve month high of $426.75. The company has a market cap of $346.75 billion, a PE ratio of 24.72, a PEG ratio of 4.08 and a beta of 0.95. The company has a quick ratio of 0.28, a current ratio of 1.04 and a debt-to-equity ratio of 3.23. The stock has a 50 day simple moving average of $340.08 and a 200-day simple moving average of $340.97.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 EPS for the quarter, topping the consensus estimate of $4.73 by $0.19. The business 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 company's revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.68 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Equities research analysts anticipate that Home Depot will post 14.99 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Home Depot

Institutional investors have recently modified their holdings of the company. Advocate Investing Services LLC bought a new stake in shares of Home Depot during the fourth quarter valued at approximately $25,000. Zeit Capital LLC bought a new position in Home Depot in the 2nd quarter worth approximately $26,000. Parvin Asset Management LLC grew its holdings in Home Depot by 110.0% in 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 in the last quarter. Cache Advisors LLC acquired a new stake in Home Depot in the 1st quarter valued at approximately $27,000. Finally, Merkkuri Wealth Advisors LLC bought a new stake in Home Depot during the 1st quarter valued at $28,000. Institutional investors own 70.86% of the company's stock.

Trending Headlines about Home Depot

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.

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