On August 20, Home Depot fell 3.28% in regular trading, trading at $334.725/share with turnover of $72.16 million, erasing the prior session's post-earnings gains.
The pullback comes as multiple analysts flagged persistent cost headwinds despite the Q2 earnings beat. UBS lowered its price target to $420 from $430 while maintaining a buy rating. RBC Capital Markets raised its Q3 comparable sales forecast to 2.4% from 1.7% but cut its adjusted earnings estimate to $3.78 per share from $3.97, citing unexpected cost pressure from fuel, energy, and product inputs expected to offset tariff refund benefits. BofA noted the company's incremental margin decline is driven by supply chain cost pressure, an industry-wide issue. The company reaffirmed its full-year outlook but acknowledged it now includes a $730 million benefit from tariff refunds, suggesting more margin pressure in the second half than previously expected.
Within the Home Improvement Retail sector, Lowe's fell 2.5%, Floor & Decor Holdings declined 3.28%, and GrowGeneration dropped 0.61%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)