Home Depot (NYSE:HD) Earns “Outperform” Rating from Telsey Advisory Group

Home Depot (NYSE:HD)‘s stock had its “outperform” rating restated by stock analysts at Telsey Advisory Group in a research note issued on Wednesday,Benzinga reports. They presently have a $455.00 target price on the home improvement retailer’s stock. Telsey Advisory Group’s price objective indicates a potential upside of 16.53% from the stock’s previous close. Telsey Advisory Group also issued estimates for Home Depot’s Q1 2026 earnings at $3.58 EPS, Q2 2026 earnings at $4.68 EPS, Q3 2026 earnings at $3.88 EPS, Q4 2026 earnings at $2.87 EPS and FY2027 earnings at $16.50 EPS.

A number of other equities analysts have also commented on HD. Royal Bank of Canada increased their price target on Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. increased their target price on Home Depot from $450.00 to $475.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. Evercore ISI boosted their price target on shares of Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Truist Financial increased their price objective on shares of Home Depot from $465.00 to $467.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Finally, Mizuho lifted their price objective on shares of Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Nine equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $436.50.

Home Depot Trading Down 0.0 %

Shares of HD opened at $390.44 on Wednesday. The firm has a market cap of $387.85 billion, a P/E ratio of 26.52, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. Home Depot has a 1 year low of $323.77 and a 1 year high of $439.37. The company has a 50 day simple moving average of $401.27 and a two-hundred day simple moving average of $398.37.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, beating the consensus estimate of $3.04 by $0.09. The company had revenue of $39.70 billion during the quarter, compared to analysts’ expectations of $39.15 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. Home Depot’s quarterly revenue was up 14.1% on a year-over-year basis. During the same period last year, the company posted $2.82 earnings per share. On average, equities analysts expect that Home Depot will post 15.13 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Norges Bank bought a new position in Home Depot in the fourth quarter worth approximately $5,032,910,000. Raymond James Financial Inc. purchased a new position in shares of Home Depot in the 4th quarter valued at $2,212,546,000. Proficio Capital Partners LLC raised its position in shares of Home Depot by 21,394.9% in the 4th quarter. Proficio Capital Partners LLC now owns 2,039,862 shares of the home improvement retailer’s stock worth $793,486,000 after acquiring an additional 2,030,372 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Home Depot by 13.3% during the 4th quarter. Northern Trust Corp now owns 12,149,890 shares of the home improvement retailer’s stock worth $4,726,186,000 after purchasing an additional 1,424,857 shares during the last quarter. Finally, Castlekeep Investment Advisors LLC purchased a new stake in shares of Home Depot during the 4th quarter worth $471,189,000. 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.