Home Depot (NYSE:HD) Stock Price Expected to Rise, Gordon Haskett Analyst Says

Home Depot (NYSE:HD) had its price target raised by research analysts at Gordon Haskett from $330.00 to $370.00 in a research report issued on Wednesday,MarketScreener reports. The brokerage currently has a “hold” rating on the home improvement retailer’s stock. Gordon Haskett’s target price indicates a potential downside of 5.16% from the stock’s current price.

Several other research firms have also commented on HD. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $362.00 price objective on shares of Home Depot in a report on Monday, November 24th. BNP Paribas Exane raised their price target on shares of Home Depot from $353.00 to $355.00 and gave the company a “neutral” rating in a research note on Friday, December 5th. TD Cowen lifted their price target on Home Depot from $410.00 to $450.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Citigroup increased their price objective on Home Depot from $407.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Wolfe Research cut their target price on Home Depot from $415.00 to $414.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 4th. Twenty-one research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $407.23.

Home Depot Price Performance

HD opened at $390.13 on Wednesday. The company has a debt-to-equity ratio of 3.82, a quick ratio of 0.29 and a current ratio of 1.05. The stock has a market capitalization of $388.38 billion, a PE ratio of 26.59, a P/E/G ratio of 13.95 and a beta of 1.08. Home Depot has a 1 year low of $326.31 and a 1 year high of $426.75. The company’s 50 day simple moving average is $365.43 and its 200 day simple moving average is $379.88.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.09). Home Depot had a return on equity of 160.74% and a net margin of 8.77%.The business had revenue of $41.35 billion for the quarter, compared to analysts’ expectations of $41.06 billion. During the same period last year, the company posted $3.78 earnings per share. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. As a group, sell-side analysts expect that Home Depot will post 15.13 EPS for the current year.

Insider Buying and Selling at Home Depot

In other news, EVP Ann Marie Campbell sold 145 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $358.26, for a total transaction of $51,947.70. Following the transaction, the executive vice president directly owned 12,320 shares in the company, valued at $4,413,763.20. The trade was a 1.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Angie Brown sold 1,946 shares of the business’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $357.63, for a total value of $695,947.98. Following the completion of the transaction, the executive vice president owned 3,941 shares in the company, valued at $1,409,419.83. This trade represents a 33.06% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 4,963 shares of company stock valued at $1,748,845 in the last three months. 0.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Home Depot

A number of large investors have recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in shares of Home Depot during the fourth quarter valued at approximately $4,850,329,000. Laurel Wealth Advisors LLC increased its holdings in Home Depot by 36,207.5% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 10,076,783 shares of the home improvement retailer’s stock valued at $3,694,552,000 after buying an additional 10,049,029 shares during the period. Wellington Management Group LLP raised its stake in shares of Home Depot by 60.8% in the 3rd quarter. Wellington Management Group LLP now owns 10,143,089 shares of the home improvement retailer’s stock valued at $4,109,878,000 after buying an additional 3,836,051 shares in the last quarter. Parnassus Investments LLC lifted its holdings in shares of Home Depot by 712.3% during the 4th quarter. Parnassus Investments LLC now owns 2,080,538 shares of the home improvement retailer’s stock worth $715,913,000 after acquiring an additional 1,824,409 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of Home Depot by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 97,978,814 shares of the home improvement retailer’s stock valued at $35,922,952,000 after acquiring an additional 1,494,615 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Key Home Depot News

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

• Positive Sentiment: Zacks upgraded HD from “strong sell” to “hold,” which reduces near-term sell-side pressure and can support the share price or stabilize sentiment. Zacks Upgrade
• Positive Sentiment: Options traders and retail-focused writeups (Investors Business Daily) are highlighting bullish option strategies as HD approaches a technical breakout — a sign of growing short-term bullish positioning that can amplify upside if earnings/consensus catalysts follow through. As Home Depot Stock Nears Breakout, Here’s A Bullish Option Play
• Neutral Sentiment: Investor letters and narrative pieces (Carillon Tower/InsiderMonkey, Yahoo finance coverage) are re-evaluating whether to hold HD within diversified portfolios after 2025 market moves; these are broad context pieces that rarely move the stock by themselves. Should You Hold The Home Depot (HD)?
• Neutral Sentiment: Analyst roundups (The Globe and Mail) offering sector comparisons and model updates provide background on consensus expectations but contain no single major revision. Analysts Offer Insights on Consumer Cyclical Companies
• Negative Sentiment: Gordon Haskett raised its price target to $370 from $330 but kept a “hold” rating — the new $370 PT still implies downside versus the current share level, which can be interpreted as limited upside from here and may weigh on momentum. Gordon Haskett Adjusts Price Target on Home Depot TickerReport
• Negative Sentiment: Reuters reports that Brad Jacobs’ QXO is buying Kodiak for ~$2.25B to build a larger building-products distributor aimed at Home Depot and Lowe’s — increased distribution consolidation and a more aggressive pro-channel competitor could pressure Home Depot’s pro-sales growth and margins over time. Jacobs’ QXO to buy Kodiak

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.