Telsey Advisory Group Has Lowered Expectations for Home Depot (NYSE:HD) Stock Price

Home Depot (NYSE:HD) had its target price reduced by equities researchers at Telsey Advisory Group from $455.00 to $430.00 in a research report issued on Wednesday, MarketBeat Ratings reports. The brokerage currently has an “outperform” rating on the home improvement retailer’s stock. Telsey Advisory Group’s target price suggests a potential upside of 29.32% from the company’s current price. Telsey Advisory Group also issued estimates for Home Depot’s FY2026 earnings at $14.48 EPS, Q1 2027 earnings at $3.69 EPS, Q2 2027 earnings at $4.90 EPS, Q3 2027 earnings at $4.06 EPS, Q4 2027 earnings at $2.84 EPS and FY2027 earnings at $15.50 EPS.

Other analysts have also recently issued research reports about the stock. Truist Financial set a $379.00 target price on shares of Home Depot in a report on Tuesday. KGI Securities cut shares of Home Depot from an “outperform” rating to a “neutral” rating and set a $320.00 price target for the company. in a research report on Wednesday. Oppenheimer boosted their price objective on shares of Home Depot from $400.00 to $420.00 and gave the stock a “market perform” rating in a research note on Thursday, September 25th. Gordon Haskett decreased their target price on shares of Home Depot from $400.00 to $345.00 in a research note on Monday, November 10th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Home Depot in a report on Thursday, November 13th. Twenty investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and a consensus target price of $410.36.

Home Depot Stock Down 0.6%

HD stock opened at $332.50 on Wednesday. Home Depot has a fifty-two week low of $326.31 and a fifty-two week high of $439.37. The company has a market capitalization of $330.97 billion, a price-to-earnings ratio of 22.59, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00. The business’s 50 day moving average price is $386.94 and its two-hundred day moving average price is $381.13. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share for the quarter, missing the consensus estimate of $3.83 by ($0.09). The firm had revenue of $41.35 billion for the quarter, compared to the consensus estimate of $41.06 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.78 earnings per share. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. As a group, analysts forecast that Home Depot will post 15.13 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP William D. Bastek sold 2,303 shares of Home Depot stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $423.12, for a total value of $974,445.36. Following the completion of the sale, the executive vice president directly owned 24,235 shares in the company, valued at approximately $10,254,313.20. This trade represents a 8.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.10% of the company’s stock.

Institutional Trading of Home Depot

A number of institutional investors have recently made changes to their positions in the stock. Chartist Inc. CA purchased a new position in shares of Home Depot during the third quarter valued at approximately $518,000. Ariadne Wealth Management LP grew its position in Home Depot by 7.3% in the 3rd quarter. Ariadne Wealth Management LP now owns 3,736 shares of the home improvement retailer’s stock worth $1,514,000 after purchasing an additional 253 shares during the period. Kensington Investment Counsel LLC raised its stake in Home Depot by 1.1% during the 3rd quarter. Kensington Investment Counsel LLC now owns 14,767 shares of the home improvement retailer’s stock valued at $5,983,000 after buying an additional 165 shares during the last quarter. Centaurus Financial Inc. raised its stake in Home Depot by 49.5% during the 3rd quarter. Centaurus Financial Inc. now owns 6,872 shares of the home improvement retailer’s stock valued at $2,784,000 after buying an additional 2,275 shares during the last quarter. Finally, First Affirmative Financial Network lifted its holdings in shares of Home Depot by 2.2% during the 3rd quarter. First Affirmative Financial Network now owns 2,517 shares of the home improvement retailer’s stock valued at $1,020,000 after buying an additional 54 shares during the period. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Company Profile

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.