Wedbush Reaffirms Outperform Rating for Home Depot (NYSE:HD)

Home Depot (NYSE:HD)‘s stock had its “outperform” rating restated by equities researchers at Wedbush in a report issued on Wednesday,Benzinga reports. They currently have a $440.00 price target on the home improvement retailer’s stock. Wedbush’s price objective suggests a potential upside of 10.95% from the stock’s previous close. Wedbush also issued estimates for Home Depot’s Q4 2025 earnings at $3.23 EPS, FY2025 earnings at $15.35 EPS, Q4 2026 earnings at $3.30 EPS, FY2026 earnings at $15.71 EPS and FY2027 earnings at $17.03 EPS.

HD has been the topic of a number of other reports. Mizuho increased their price objective on shares of Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Bank of America increased their price objective on shares of Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Stifel Nicolaus increased their price objective on shares of Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Truist Financial dropped their target price on shares of Home Depot from $467.00 to $437.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Wells Fargo & Company increased their target price on shares of Home Depot from $440.00 to $450.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. Eight analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $437.12.

Home Depot Stock Up 0.8 %

Shares of HD stock traded up $3.30 on Wednesday, hitting $396.59. The stock had a trading volume of 1,203,473 shares, compared to its average volume of 3,192,513. The firm has a market capitalization of $393.96 billion, a price-to-earnings ratio of 26.94, a P/E/G ratio of 4.03 and a beta of 1.05. The stock’s 50 day moving average is $401.23 and its 200-day moving average is $398.48. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. Home Depot has a 52-week low of $323.77 and a 52-week high of $439.37.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 EPS for the quarter, beating analysts’ consensus estimates of $3.04 by $0.09. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm had revenue of $39.70 billion for the quarter, compared to the consensus estimate of $39.15 billion. During the same period in the prior year, the firm posted $2.82 EPS. The firm’s revenue was up 14.1% compared to the same quarter last year. As a group, research analysts expect that Home Depot will post 15.13 earnings per share for the current year.

Hedge Funds Weigh In On Home Depot

Several large investors have recently made changes to their positions in the business. POM Investment Strategies LLC boosted its position in shares of Home Depot by 1.1% during the 4th quarter. POM Investment Strategies LLC now owns 2,117 shares of the home improvement retailer’s stock valued at $824,000 after purchasing an additional 24 shares in the last quarter. Center for Financial Planning Inc. boosted its position in shares of Home Depot by 0.5% during the 4th quarter. Center for Financial Planning Inc. now owns 4,653 shares of the home improvement retailer’s stock valued at $1,810,000 after purchasing an additional 24 shares in the last quarter. Insight Inv LLC boosted its position in shares of Home Depot by 2.0% during the 3rd quarter. Insight Inv LLC now owns 1,246 shares of the home improvement retailer’s stock valued at $505,000 after purchasing an additional 25 shares in the last quarter. Marino Stram & Associates LLC boosted its position in shares of Home Depot by 2.3% during the 4th quarter. Marino Stram & Associates LLC now owns 1,108 shares of the home improvement retailer’s stock valued at $431,000 after purchasing an additional 25 shares in the last quarter. Finally, Live Oak Private Wealth LLC boosted its holdings in shares of Home Depot by 0.5% in the fourth quarter. Live Oak Private Wealth LLC now owns 4,915 shares of the home improvement retailer’s stock worth $1,912,000 after buying an additional 25 shares during the period. 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.