Shares of Home Depot Inc (NYSE:HD) edged higher in early trading on Tuesday, after the company reported its first-quarter (Q1) results on Monday.

Here are the key analyst insights:

Goldman Sachs analyst Kate McShane reiterated a Buy rating and price target of $409.

JPMorgan analyst Christopher Horvers reiterated an Overweight rating on the stock.

Check out other analyst stock ratings.

Goldman Sachs: Home Depot's net sales grew 4.8% year-on-year to $41.8 billion, while adjusted earnings came in at $3.43 per share, with both figures topping consensus estimates of $41.5 billion and $3.41 per share, respectively, McShane said in a note.

She added the quarter's misses:

Comparable sales grew 0.6% year-on-year but missed the consensus estimate of 0.8%

Average ticket rose 2.2% year-on-year, decelerating from the previous quarter's 2.4%

Transactions declined by 1.3% year-on-year

Operating margin contracted by 89 basis points (bps) year-on-year to ...