Home Depot (NYSE:HD) Given New $348.00 Price Target at BNP Paribas Exane

Home Depot (NYSE:HD) had its price target lowered by BNP Paribas Exane from $391.00 to $348.00 in a report published on Tuesday,Benzinga reports. The firm currently has a neutral rating on the home improvement retailer’s stock.

Several other brokerages have also weighed in on HD. TD Cowen reissued a “buy” rating on shares of Home Depot in a report on Thursday, March 12th. DA Davidson boosted their target price on Home Depot from $407.00 to $445.00 and gave the company a “buy” rating in a research note on Tuesday, February 24th. Oppenheimer dropped their price target on Home Depot from $420.00 to $405.00 and set a “market perform” rating on the stock in a research report on Friday, December 5th. Morgan Stanley increased their price target on Home Depot from $412.00 to $420.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 25th. Finally, Gordon Haskett lifted their price objective on Home Depot from $330.00 to $370.00 and gave the stock a “hold” rating in a report on Wednesday, February 11th. Twenty equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $414.52.

Home Depot Stock Performance

Shares of HD stock opened at $330.83 on Tuesday. The company has a debt-to-equity ratio of 3.62, a quick ratio of 0.26 and a current ratio of 1.06. The firm has a market cap of $329.51 billion, a price-to-earnings ratio of 23.25, a P/E/G ratio of 3.62 and a beta of 1.09. Home Depot has a 52 week low of $320.26 and a 52 week high of $426.75. The firm’s 50-day simple moving average is $369.70 and its two-hundred day simple moving average is $372.56.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 earnings per share for the quarter, beating 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 firm had revenue of $38.20 billion during the quarter, compared to the consensus estimate of $38.01 billion. During the same period in the prior year, the firm earned $3.13 EPS. The company’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, equities analysts forecast that Home Depot will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th will be paid a $2.33 dividend. The ex-dividend date is Thursday, March 12th. This represents a $9.32 annualized dividend and a yield of 2.8%. This is an increase from Home Depot’s previous quarterly dividend of $2.30. Home Depot’s dividend payout ratio is 65.50%.

Insider Transactions at Home Depot

In other news, CFO Richard V. Mcphail sold 2,550 shares of the company’s stock in a transaction dated 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 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 filing with the SEC, which is available at this link. Also, EVP Teresa Wynn Roseborough sold 2,872 shares of the stock in a transaction dated Friday, December 26th. The stock was sold at an average price of $348.52, for a total transaction of $1,000,949.44. Following the completion of the sale, the executive vice president directly owned 13,196 shares in the company, valued at approximately $4,599,069.92. The trade was a 17.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.10% of the stock is owned by insiders.

Institutional Trading of Home Depot

Several institutional investors and hedge funds have recently bought and sold shares of HD. Norges Bank purchased a new stake in shares of Home Depot in the fourth quarter worth $4,850,329,000. Laurel Wealth Advisors LLC grew its position in Home Depot by 36,207.5% during the second quarter. Laurel Wealth Advisors LLC now owns 10,076,783 shares of the home improvement retailer’s stock worth $3,694,552,000 after buying an additional 10,049,029 shares in the last quarter. Wellington Management Group LLP increased its stake in 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 worth $4,109,878,000 after acquiring an additional 3,836,051 shares during the last quarter. Cardano Risk Management B.V. increased its stake in Home Depot by 901.5% in the 4th quarter. Cardano Risk Management B.V. now owns 3,290,540 shares of the home improvement retailer’s stock worth $1,132,275,000 after acquiring an additional 2,961,979 shares during the last quarter. Finally, J. Stern & Co. LLP raised its holdings in shares of Home Depot by 14,869.3% in the 4th quarter. J. Stern & Co. LLP now owns 2,232,521 shares of the home improvement retailer’s stock valued at $768,210,000 after acquiring an additional 2,217,607 shares in the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Home Depot

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

• Positive Sentiment: SRS Distribution (Home Depot subsidiary) agreed to acquire Mingledorff’s, adding 42 HVAC locations across five southeastern states — expands HD’s Pro distribution footprint, strengthens HVAC capabilities, and increases total addressable market to roughly $1.2T. The Home Depot Subsidiary SRS Distribution Enters into Agreement to Acquire Wholesale HVAC Distributor Mingledorff’s
• Positive Sentiment: Home Depot is enhancing its digital Pro shopping experience with AI-driven project planning and management tools to help contractors manage materials, timelines and deliveries — a move that should improve retention, basket size and margins in the Pro channel. The Home Depot beefs up digital shopping experience for pros
• Neutral Sentiment: Several market commentaries (Zacks, Yahoo) show elevated investor attention and comparison pieces highlighting Home Depot as a watched blue‑chip — useful for flow/interest but not an immediate fundamental catalyst. The Home Depot, Inc. (HD) is Attracting Investor Attention: Here is What You Should Know
• Negative Sentiment: BNP Paribas Exane cut its price target on HD from $391 to $348 and put a neutral rating on the stock — a valuation downgrade that can weigh on sentiment and near‑term share performance despite the company’s operational initiatives. BNP Paribas Exane price target cut

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.