Home Depot (NYSE:HD) Given “Outperform” Rating at Telsey Advisory Group

Telsey Advisory Group reissued their outperform rating on shares of Home Depot (NYSE:HD) in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $435.00 price target on the home improvement retailer’s stock.

A number of other equities research analysts have also commented on HD. KeyCorp restated a “sector weight” rating on shares of Home Depot in a research report on Wednesday, February 25th. Zacks Research upgraded Home Depot from a “strong sell” rating to a “hold” rating in a research report on Monday, February 9th. Weiss Ratings reissued a “hold (c+)” rating on shares of Home Depot in a research note on Monday, December 29th. Piper Sandler decreased their target price on Home Depot from $441.00 to $422.00 and set an “overweight” rating on the stock in a report on Monday, February 23rd. Finally, Guggenheim raised their target price on Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, February 25th. Twenty equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $414.52.

Home Depot Trading Up 0.5%

Shares of Home Depot stock opened at $332.45 on Wednesday. Home Depot has a 12-month low of $320.26 and a 12-month high of $426.75. The stock has a market capitalization of $331.13 billion, a P/E ratio of 23.36, a price-to-earnings-growth ratio of 3.62 and a beta of 1.09. The company has a 50-day simple moving average of $368.84 and a 200 day simple moving average of $372.28. The company has a quick ratio of 0.26, a current ratio of 1.06 and a debt-to-equity ratio of 3.62.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 EPS for the quarter, beating analysts’ consensus estimates of $2.52 by $0.20. The firm had revenue of $38.20 billion for the quarter, compared to analyst estimates of $38.01 billion. Home Depot had a net margin of 8.60% and a return on equity of 134.32%. The company’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period in the previous year, the business earned $3.13 earnings per share. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. Research analysts expect that Home Depot will post 15.13 earnings per share for the current fiscal year.

Home Depot Increases Dividend

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

Insider Buying and Selling at Home Depot

In other news, CFO Richard V. Mcphail sold 2,550 shares of the business’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $368.89, for a total transaction of $940,669.50. Following the completion of the sale, the chief financial officer owned 44,566 shares in the company, valued at $16,439,951.74. The trade was a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Teresa Wynn Roseborough sold 2,872 shares of the company’s stock in a transaction on Friday, December 26th. The shares were sold at an average price of $348.52, for a total value of $1,000,949.44. Following the transaction, the executive vice president directly owned 13,196 shares in the company, valued at $4,599,069.92. This trade represents a 17.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Home Depot

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Silphium Asset Management Ltd boosted its stake in Home Depot by 77.2% during the 3rd quarter. Silphium Asset Management Ltd now owns 13,544 shares of the home improvement retailer’s stock worth $5,488,000 after acquiring an additional 5,900 shares during the last quarter. West Family Investments Inc. grew its holdings in Home Depot by 65.6% during the second quarter. West Family Investments Inc. now owns 3,630 shares of the home improvement retailer’s stock valued at $1,331,000 after purchasing an additional 1,438 shares during the period. Truist Financial Corp increased its stake in Home Depot by 0.3% in the third quarter. Truist Financial Corp now owns 1,095,113 shares of the home improvement retailer’s stock valued at $443,729,000 after purchasing an additional 3,608 shares in the last quarter. Asset Management One Co. Ltd. raised its holdings in Home Depot by 2.3% in the third quarter. Asset Management One Co. Ltd. now owns 534,564 shares of the home improvement retailer’s stock worth $216,600,000 after purchasing an additional 12,239 shares during the period. Finally, Atlantic Union Bankshares Corp raised its holdings in Home Depot by 59.9% in the third quarter. Atlantic Union Bankshares Corp now owns 107,438 shares of the home improvement retailer’s stock worth $43,533,000 after purchasing an additional 40,232 shares during the period. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Home Depot

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

• Positive Sentiment: SRS (Home Depot subsidiary) agreed to acquire Mingledorff’s, a 42-location HVAC wholesaler — expands HD’s Pro distribution into HVAC, opens a large (~$100B) TAM, and strengthens recurring-commercial revenue potential. SRS Distribution acquisition PR
• Positive Sentiment: Analysts and sell‑side support: Telsey reiterated an outperform with a $435 price target, and J.P. Morgan maintained bullish commentary around the Mingledorff’s deal — both reinforce upside expectations tied to the Pro strategy. Telsey reiteration (Benzinga)
• Positive Sentiment: Home Depot reiterated its Pro/tech push — new digital project-management and Pro shopping tools aim to boost wallet share with contractors, supporting longer-term margin and sales stability. Retail Dive: Pro digital tools
• Positive Sentiment: Retail footprint expansion: HD plans to open 12 new U.S. stores in 2026, which supports revenue growth and local market penetration for Pro customers. USA Today: new stores
• Neutral Sentiment: High-profile mentions (Jim Cramer) and institutional holdings — Charitable Trust is holding HD as a play if rates ease; this is more sentiment-support than a catalyst. Yahoo Finance: Jim Cramer note
• Neutral Sentiment: Competitive landscape: a long-time local rival closed a store (not bankruptcy) — limited competitive benefit but worth monitoring regionally. Yahoo: rival closure
• Negative Sentiment: Macro headwind: new U.S. home sales fell sharply in January (17.6% drop), underscoring a weak new‑home market that can pressure DIY and remodeling demand. This is a near-term risk to same-store sales. TheStreet: housing plunge
• Negative Sentiment: BNP Paribas Exane cut its price target (from $391 to $348) and put a neutral rating on HD — a near-term bearish signal for sentiment and potential selling pressure. Benzinga: BNP Paribas PT cut

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.