Berenberg lifted target for Hornbach stock to EUR 96.00

Published on 10/08/2026 at 19:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Sales rose 6.0 percent in the first half of 2026/27. Hornbach stock costs EUR 83.60 on October 8, 2026, versus EUR 83.25.

Key points in brief

Berenberg lifted its Hornbach target from EUR 90.00 to EUR 96.00 on October 2, 2026, while retaining a Hold rating.
Hornbach reported first-half 2026/27 sales of EUR 3.8 billion, up 6.0 percent year over year.
Adjusted EBIT reached EUR 285.6 million in the first half of 2026/27, up 4.9 percent.
The Lang & Schwarz price was EUR 83.60 on October 8, 2026, plus 0.42 percent versus the prior close.
Hornbach is listed on Xetra and is a member of the SDAX.

Pop-Art-Comic eines fröhlichen Heimwerkers in Latzhose beim Wandstreichen mit Gartengeräten — Hornbach Holding DE0006083405 als farbiges Pop-Art-Comic mit Heimwerker beim Streichen und Gartengeräten, Illustration mit AI erstellt.

Hornbach stock (ISIN DE0006083405) was trading at EUR 83.60 at Lang & Schwarz on October 8, 2026 at 6:57 p.m. CEST, up 0.42 percent versus EUR 83.25. On October 2, 2026, Berenberg lifted its Hornbach target from EUR 90.00 to EUR 96.00 but retained its Hold rating, according to FinanzNachrichten.de.

Three events shaped the stock

On September 18, 2026, Hornbach announced six new German locations planned for spring 2027, according to Hornbach Holding. On September 29, 2026, the company reported first-half sales of EUR 3.8 billion, an increase of 6.0 percent. On October 2, 2026, Berenberg raised its target to EUR 96.00 from EUR 90.00 while keeping Hold, according to FinanzNachrichten.de.

What does the growth mean for margins?

The latest operating figures show stronger profit growth than sales. In the first half of 2026/27, adjusted EBIT rose 4.9 percent to EUR 285.6 million, while the adjusted EBIT margin was 7.5 percent versus 7.6 percent in the prior-year period, according to Hornbach Holding. The comparison points to resilient earnings growth, but the unchanged margin also shows why demand and cost control remain central to the valuation.

For the second quarter of 2026/27, adjusted EBIT increased 12.8 percent to EUR 124.6 million, while sales rose 7.3 percent to EUR 1.8 billion. Hornbach confirmed its full-year 2026/27 outlook for sales at or slightly above EUR 6.4 billion and adjusted EBIT near EUR 264.7 million, according to Hornbach Holding.

Next dates and stock context

Hornbach's calendar lists the Capital Markets Forum in Mannheim on November 4, 2026, followed by the publication of its third-quarter statement on December 22, 2026, according to Hornbach Holding. The Lang & Schwarz price was 9.82 percent below the EUR 92.70 52-week high, while market capitalization stood at EUR 1.3 billion on October 8, 2026.

EUR 83.60 after hours

Hornbach was trading at EUR 83.60 at Lang & Schwarz on October 8, 2026 at 6:57 p.m. CEST, plus 0.42 percent versus the EUR 83.25 prior close of October 7, 2026. Its 52-week range was EUR 74.00 to EUR 92.70, and the stock is listed on Xetra and included in the SDAX. The further course of trading is shown by the continuously updated real-time quote of Hornbach stock.