Berenberg raises Hornbach target to EUR 96 for Hornbach stock

Published on 10/18/2026 at 13:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Half-year sales rose 6.0 percent to EUR 3.8 billion through August 31, 2026. Hornbach stock closed at EUR 86.60 on October 16, 2026.

Growth and calendar milestones

Berenberg lifted its Hornbach price target to EUR 96.00 on October 2, 2026.
First-half sales increased 6.0 percent to EUR 3.8 billion through August 31, 2026.
Hornbach stock closed at EUR 86.60 on October 16, 2026.
Hornbach will publish its third-quarter statement on December 22, 2026.

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Hornbach Holding AG & Co. KGaA stock (ISIN DE0006083405) is anchored by Berenberg's EUR 96.00 price target, raised from EUR 90.00 on October 2, 2026, according to wallstreetONLINE. The bank kept its Hold rating.

Sales support the target

Hornbach's first-half net sales for the period ended August 31, 2026, rose 6.0 percent to EUR 3,816.2 million from EUR 3,599.1 million a year earlier. Adjusted EBIT increased 4.9 percent to EUR 285.6 million, while the adjusted EBIT margin eased to 7.5 percent from 7.6 percent, according to Hornbach Holding.

The operating picture is therefore mixed in a precise way: sales and adjusted EBIT expanded, but the margin contracted by 0.1 percentage points. The company also reported first-half earnings per share of EUR 10.93, up from EUR 10.74 in the prior-year period.

What supports the higher target?

Berenberg's Michael Heider said Hornbach stores were outperforming the broader DIY sector and gaining market share in key regions. At EUR 86.60, the EUR 96.00 target stands 10.85 percent above the last completed Xetra price, using the October 16, 2026 closing level.

Three dated developments

On September 18, 2026, Hornbach announced new stores in Germany and across Europe. On September 29, 2026, it reported first-half sales of EUR 3.8 billion and adjusted EBIT of EUR 285.6 million. On October 2, 2026, Berenberg raised its target from EUR 90.00 to EUR 96.00 while retaining Hold.

Upcoming dates carry the next signal

Hornbach's investor-relations calendar lists a capital markets forum for November 4, 2026 and the publication of its third-quarter statement for December 22, 2026, according to Hornbach Holding. The December report will test whether sales growth can coexist with the lower first-half margin.

Last completed Xetra session

Hornbach stock's last completed Xetra session ended at EUR 86.60 on October 16, 2026. The further course of trading is shown by the continuously updated real-time quote of Hornbach stock.