Home Depot, Inc. (The)NYSE: HD
Consumer Discretionary · Home Improvement Retail
$334.97
+2.29%
Vol: 4.7M
Research Digest
Friday, June 19, 2026
No significant overnight updates
No material news in the last 48 hours.
Previous Market Intelligence
13 daysJun 18Home Depot completes $5.5B acquisition of GMS through SRS Distribution, strengthening its pro-contractor business.Mixed▶
Home Depot announced the completion of its acquisition of GMS Inc. through subsidiary SRS Distribution for a total enterprise value of approximately $5.5 billion including net debt, accelerating its push into the professional contractor and specialty trade distribution channel. In Q1 FY2026 (reported early June), the company showed early signs of stabilization with positive comparable sales in nine departments, reaffirming guidance of flat to 2% comp sales and flat to 4% EPS growth. The broader macro backdrop added pressure on June 17 as the Fed signaled a potential rate hike, sending HD shares to $328.31 (range $326.17-$341.15), while on June 18 risk appetite recovered on news of the Iran-US deal. A quarterly dividend of $2.33/share was paid June 18 (ex-date June 4). The GMS deal raises execution risk but positions HD to reduce reliance on cyclical DIY spending.
Jun 17No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 16No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 15No significant overnight updatesNeutral▶
No material news in the last 48 hours. The most recent dated item (Florida fraud ring shutdown) is from June 11, outside the window.
Jun 14No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 21Home Depot Q1 FY26 (May 19): Revenue +4.8% to $41.8B beat estimates; EPS $3.30 vs $3.45 prior year; reaffirmed FY guidance but multiple analysts cut PTs.Mixed▶
Home Depot reported Q1 FY26 on May 19 with sales of $41.8B (+4.8% YoY) beating top and bottom-line estimates, with comparable sales +0.6% (US +0.4%). Net income fell 4.2% to $3.29B ($3.30 EPS) vs $3.43B/$3.45 prior year. Adjusted EPS came in at $3.43. The company reaffirmed FY26 guidance: total sales growth of 2.5-4.5%, comparable sales flat to +2%, adjusted EPS flat to +4%. However, analysts cut PTs: UBS to $430 (from $450), Morgan Stanley to $400 (from $420), TD Cowen to $375 (from $450), citing demand concerns amid rising costs and mortgage rates. HD shares are -12% YTD and -21% over trailing 12 months. Strong Buy consensus remains with avg PT $403.58 (~35% upside). Management noted core consumer is 'engaged' but cautious on larger projects.
May 20Home Depot beats Q1 FY2026 with sales +5% to $41.77B and reaffirms guidance as pro segment and SRS-driven HVAC acquisition extend.Positive▶
Home Depot reported Q1 FY2026 revenue of $41.77B (+4.8% YoY) and EPS of $3.43, beating consensus of $41.52B/$3.41, and reaffirmed full-year guidance. Management said the core homeowner shopper remains resilient despite higher gas prices and a sluggish housing-turnover backdrop. The pro customer now accounts for roughly 50% of revenue, and subsidiary SRS Distribution closed the acquisition of HVAC distributor Mingledorff's, extending the pro/B2B push. The company also disclosed it cut customer-service phone times 4x using Google Cloud's Gemini Enterprise and acquired SIMPL Automation for supply chain. Shares closed at $302.44 on May 19 (+0.88%) but remain down ~15% over the past month. Street consensus is Strong Buy with average PT around $400-$412 (~30-38% upside); Citi trimmed PT to $400 from $450 while keeping Buy.
May 19Home Depot beats Q1 fiscal 2026 estimates with $41.8B sales, reaffirms full-year guidanceMixed▶
Home Depot reported Q1 fiscal 2026 sales of $41.8 billion (up 4.8% YoY) and EPS of $3.30, beating Wall Street's top and bottom-line estimates on May 19. Comparable sales rose 0.6% with US comps up 0.4%, and management reaffirmed full-year guidance citing resilient core homeowner shoppers despite higher gas prices and plummeting consumer confidence. The stock had been under pressure entering earnings, hovering near $304 (close to the 52-week low of $299.27 and well below the $426 high). Multiple analysts trimmed price targets ahead of the print: Piper Sandler to $421, Wells Fargo to $375, Bernstein to $365, and Truist to $394. Average PT remains $404.10 with 21 Strong Buy ratings. Risk: housing turnover softness, high mortgage rates, and acquisition-related margin strain.
May 18Home Depot reports Q1 FY26 earnings May 19 with consensus EPS of $3.41 (-4.2% YoY) and revenue ~$41.5B; stock near 52-week lows ahead of print.Mixed▶
Home Depot is set to release Q1 FY26 results before market open on Tuesday, May 19, with consensus EPS of $3.41 (a 4.2% decline from $3.56 a year ago) on revenue of ~$41.5B. HD shares have tumbled from a 52-week high of $426 to ~$304, hovering near the 52-week low of $299.27, as investors brace for soft comps and a tepid spring season. Management's FY26 guidance calls for 2.5%-4.5% total sales growth, flat-to-+2% comps, and flat-to-+4% adjusted EPS growth off a $14.69 FY25 base. Analyst consensus remains constructive: 21 Strong Buys vs 1 Sell, with an average price target of $404, implying material upside if the print clears the low bar. Risk: a guide-down on FY26 comps or gross margin pressure could trigger another leg lower.
May 15Home Depot heads into May 19 Q1 earnings amid multiple analyst PT cuts and SRS Mingledorff's acquisitionNegative▶
Home Depot is set to report fiscal Q1 2026 earnings on May 19, with Wall Street expecting EPS of $3.41-$3.42 (down ~3.9-4.2% YoY) on revenue of $41.53B (up 4.2% YoY). Multiple analysts cut price targets in May: Wells Fargo to $375 from $420, Bernstein to $365 from $390, Truist to $394 from $424, and Citi to $400 from $450. On May 11, subsidiary SRS Distribution closed its acquisition of HVAC distributor Mingledorff's. Home Depot and Google Cloud expanded their partnership at NRF 2026 deploying agentic AI in the Magic Apron assistant and pro tools. Stock has fallen four straight days, trading near 52-week lows on weak housing demand, elevated rates, organized retail theft, and a class-action over AI surveillance practices. Risk: macro housing weakness and consumer softness threaten upcoming print.
May 14Home Depot stock fell 3.20% on May 13 amid analyst price-target cuts and housing-market jitters ahead of Q1 2026 earnings on May 19, while subsidiary SRS closed its HVAC acquisition of Mingledorff's on May 11.Mixed▶
On May 13, 2026, Home Depot stock declined 3.20% as macroeconomic worries about the housing market and analyst adjustments weighed on shares ahead of Q1 FY2026 earnings on May 19. Truist Financial cut its HD price target to $394 from $424 (maintained Buy), while Bank of America reinstated coverage with a Buy and a $374 target, calling HD its preferred home-improvement name. On May 11, Home Depot subsidiary SRS Distribution completed the acquisition of Mingledorff's, LLC, a wholesale HVAC distributor, expanding HD's professional-customer footprint. Why it matters: the upcoming earnings print is the main near-term catalyst with analysts expecting a YoY EPS decline; the HVAC acquisition extends Pro strategy. Risk: weak housing turnover, soft big-ticket DIY demand, and macro pressure ahead of earnings.
May 13Home Depot SRS Distribution unit closes Mingledorff s acquisition May 11; Q1 earnings call set for May 19; BofA reinstates Buy with $374 PT.Mixed▶
Home Depot subsidiary SRS Distribution completed the acquisition of Mingledorff s LLC on May 11, 2026, expanding its HVAC distribution footprint. The Home Depot will hold its First Quarter Earnings Conference Call on Tuesday, May 19. The stock has been weak, down 1.91% to $311.40, off 1.6% for the week, 8.0% for the month, and 10.2% YTD, trading near the bottom of its 52-week range and below its 200-day SMA. BofA reinstated coverage with a Buy rating and $374 price target, calling HD its preferred stock within the home improvement sector. According to 24 analysts, HD has a Buy consensus with a 2026 price prediction of $424.96.
May 12Home Depot's SRS Distribution closed acquisition of HVAC distributor Mingledorff's on May 11 and shares hit a new 12-month low following an analyst downgrade ahead of May 19 earnings.Mixed▶
On May 11, 2026, SRS Distribution (a Home Depot subsidiary) completed the acquisition of HVAC distributor Mingledorff's, LLC, extending Home Depot's pro-customer/HVAC distribution strategy. The same day, HD hit a fresh 12-month low after an analyst downgrade. Home Depot will report Q1 fiscal 2026 results on May 19. Shares traded near $311.80 on May 12, down ~8% YTD and ~25% below the 52-week high of $426.75. BofA reinstated coverage with a Buy and $374 PT, calling HD its top pick in home improvement. Average analyst PT sits near $425 with a Buy consensus from 24 analysts. Risk: weak retail performance and rising costs heading into the print.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| HDHOME | $334.97 | +2.29% | — | 22.2x | 0.95 | $356.9B |
| LOWLOWE | $222.25 | +2.29% | — | 16.9x | 0.85 | $127.6B |
| AMZNAMAZON.COM | $244.58 | +2.98% | — | 24.5x | 1.46 | $2.61T |
| TSLATESLA | $401.07 | +1.18% | — | 154.5x | 1.80 | $1.48T |
| MCDMCDONALD | $278.85 | -1.75% | — | 19.7x | 0.42 | $199.4B |
| TJXTJX | $163.80 | -0.20% | — | 26.8x | 0.62 | $170.4B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price below 200d MA — bearish structure.