Robert W. Baird Forecasts Strong Price Appreciation for Home Depot (NYSE:HD) Stock

Home Depot (NYSE:HD) had its price objective lifted by research analysts at Robert W. Baird from $400.00 to $430.00 in a research report issued on Tuesday,MarketScreener reports. The firm currently has an “outperform” rating on the home improvement retailer’s stock. Robert W. Baird’s price objective suggests a potential upside of 12.16% from the company’s previous close.

A number of other equities analysts have also commented on the stock. JPMorgan Chase & Co. cut their price target on shares of Home Depot from $444.00 to $423.00 and set an “overweight” rating on the stock in a report on Wednesday, November 19th. Piper Sandler decreased their price target on Home Depot from $450.00 to $441.00 and set an “overweight” rating for the company in a research note on Wednesday, December 10th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $413.00 price objective on shares of Home Depot in a research note on Wednesday, December 10th. UBS Group set a $430.00 price objective on shares of Home Depot in a research note on Wednesday, December 10th. Finally, BNP Paribas Exane lifted their target price on shares of Home Depot from $353.00 to $355.00 and gave the stock a “neutral” rating in a research note on Friday, December 5th. Twenty-one analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $408.37.

Home Depot Trading Up 0.1%

HD opened at $383.38 on Tuesday. The company’s 50 day moving average is $368.38 and its 200-day moving average is $380.30. The company has a market cap of $381.66 billion, a P/E ratio of 26.13, a PEG ratio of 13.69 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 has a current ratio of 1.05, a quick ratio of 0.29 and a debt-to-equity ratio of 3.82.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 EPS for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.09). Home Depot had a net margin of 8.77% and a return on equity of 160.74%. The firm had revenue of $41.35 billion during the quarter, compared to the consensus estimate of $41.06 billion. During the same quarter in the previous year, the company posted $3.78 earnings per share. The firm’s revenue was up 2.8% on a year-over-year basis. Equities research analysts predict that Home Depot will post 15.13 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Ann Marie Campbell sold 145 shares of the stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $358.26, for a total value of $51,947.70. Following the completion of the sale, the executive vice president directly owned 12,320 shares of the company’s stock, valued at $4,413,763.20. This represents a 1.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 2,872 shares of Home Depot stock in a transaction that occurred 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 approximately $4,599,069.92. The trade was a 17.87% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 4,963 shares of company stock worth $1,748,845 over the last quarter. 0.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Advocate Investing Services LLC purchased a new position in shares of Home Depot in the fourth quarter valued at $25,000. Parvin Asset Management LLC increased its position in shares of Home Depot by 110.0% during the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock valued at $26,000 after buying an additional 33 shares during the period. Key Capital Management INC purchased a new stake in shares of Home Depot in the fourth quarter worth about $28,000. Sagard Holdings Management Inc. bought a new position in shares of Home Depot in the second quarter valued at approximately $29,000. Finally, Abound Financial LLC bought a new position in shares of Home Depot in the fourth quarter valued at approximately $29,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Trending Headlines about Home Depot

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

• Positive Sentiment: Telsey Advisory Group reaffirmed an “outperform” rating and a $410 price target, supporting upside expectations from the sell-side. Home Depot had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group
• Positive Sentiment: Robert W. Baird raised its price target to $430 and maintained an outperform rating, a notable catalyst for momentum given the relative size of the raise. Baird adjusts price target on Home Depot to 430 from 400; maintains outperform rating
• Positive Sentiment: Brokerage consensus sits around a “Moderate Buy,” reinforcing the buy-side narrative ahead of Q4 results. The Home Depot, Inc. (NYSE:HD) Receives Consensus Rating of “Moderate Buy” from Brokerages
• Positive Sentiment: Zacks highlights Home Depot’s disciplined capital allocation (steady dividends, share buybacks and targeted investments) as supportive for long-term shareholder value. Home Depot’s Capital Discipline Drives Long-Term Shareholder Value
• Neutral Sentiment: Analyst and market commentary ahead of Q4 is mixed: some notes expect a likely earnings beat driven by Pro demand/GMS, while others warn y/y sales and EPS could be down — creating uncertainty ahead of the print. Home Depot Pre-Q4 Earnings: Is it Wise to Buy Before the Release?
• Neutral Sentiment: Jim Cramer commentary has spotlighted HD and contributed to retail attention and trading interest, but it’s not a fundamental catalyst. Jim Cramer Believes He Got the Last Laugh With Home Depot (HD) Stock
• Negative Sentiment: Management has tightened access to employee bonuses amid what it describes as a “housing market freeze,” a signal investors may read as cost control in response to softer demand — potentially negative for morale and indicative of near-term revenue pressure. Home Depot Gets Stricter on Bonuses Amid Housing Market Freeze
• Negative Sentiment: Reports note the company has made bonuses tougher to access, reinforcing the narrative of management reacting to softer housing activity. Home Depot Makes Bonuses Tougher to Access, Home Depot Stock (NYSE:HD) Notches Up
• Negative Sentiment: Operational headwinds — theft and ICE-related store disruptions (e.g., moved power tools to cages) — are flagged as customer concerns that can increase shrink costs and hurt in-store experience. Power Tools in Cages Prove Concerning to Customers, But Home Depot Stock (NYSE:HD) Slumps
• Negative Sentiment: Recent intraday/near-term pullbacks (noted by market reports) reflect investor sensitivity to macro/housing headlines even as fundamentals remain mixed. Home Depot (HD) Stock Declines While Market Improves: Some Information for Investors

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.