Home Depot (NYSE:HD) Announces Earnings Results

Home Depot (NYSE:HD) announced its earnings results on Tuesday. The home improvement retailer reported $3.56 earnings per share for the quarter, missing analysts’ consensus estimates of $3.59 by ($0.03), RTT News reports. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business had revenue of $39.86 billion for the quarter, compared to the consensus estimate of $39.24 billion. During the same period in the prior year, the business posted $3.63 EPS. Home Depot’s revenue for the quarter was up 9.4% on a year-over-year basis. Home Depot updated its FY 2025 guidance to 14.935-14.935 EPS.

Home Depot Stock Down 1.7%

Shares of HD stock opened at $370.71 on Thursday. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. Home Depot has a 12 month low of $323.77 and a 12 month high of $439.37. The stock has a market cap of $368.50 billion, a P/E ratio of 25.18, a P/E/G ratio of 4.03 and a beta of 1.05. The company has a 50 day simple moving average of $359.38 and a two-hundred day simple moving average of $387.66.

Home Depot Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were given a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a yield of 2.48%. This is a positive change from Home Depot’s previous quarterly dividend of $2.25. The ex-dividend date was Thursday, March 13th. Home Depot’s payout ratio is 61.66%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Home Depot stock. Brighton Jones LLC increased its stake in The Home Depot, Inc. (NYSE:HD) by 36.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 26,918 shares of the home improvement retailer’s stock after purchasing an additional 7,203 shares during the quarter. Brighton Jones LLC’s holdings in Home Depot were worth $10,471,000 at the end of the most recent quarter. Institutional investors own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on HD. Sanford C. Bernstein boosted their target price on Home Depot from $380.00 to $398.00 and gave the stock a “market perform” rating in a report on Wednesday. Piper Sandler lowered their price target on Home Depot from $435.00 to $418.00 and set an “overweight” rating for the company in a research report on Monday, March 24th. Stifel Nicolaus upgraded shares of Home Depot from a “hold” rating to a “buy” rating and upped their price target for the stock from $405.00 to $425.00 in a research note on Wednesday. HSBC upgraded shares of Home Depot from a “reduce” rating to a “hold” rating and raised their price objective for the company from $356.00 to $410.00 in a research note on Wednesday, February 26th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $455.00 target price on shares of Home Depot in a report on Tuesday. Eight analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $427.92.

About Home Depot

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.