Q2 Earnings Estimate for Home Depot Issued By DA Davidson

The Home Depot, Inc. (NYSE:HD) – Equities researchers at DA Davidson issued their Q2 2026 earnings per share (EPS) estimates for Home Depot in a note issued to investors on Wednesday, May 21st. DA Davidson analyst M. Baker forecasts that the home improvement retailer will post earnings of $4.59 per share for the quarter. The consensus estimate for Home Depot’s current full-year earnings is $15.13 per share. DA Davidson also issued estimates for Home Depot’s FY2027 earnings at $16.83 EPS.

A number of other brokerages have also issued reports on HD. Jefferies Financial Group cut their price target on Home Depot from $461.00 to $456.00 in a research note on Tuesday. Mizuho dropped their price objective on Home Depot from $450.00 to $435.00 and set an “outperform” rating for the company in a research note on Wednesday. Guggenheim reiterated a “buy” rating and set a $450.00 target price on shares of Home Depot in a research report on Wednesday. HSBC raised Home Depot from a “reduce” rating to a “hold” rating and lifted their target price for the company from $356.00 to $410.00 in a research note on Wednesday, February 26th. Finally, Royal Bank of Canada cut their price objective on shares of Home Depot from $424.00 to $399.00 and set a “sector perform” rating for the company in a report on Thursday, May 15th. Eight investment 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 MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and a consensus target price of $427.92.

Home Depot Trading Down 1.7%

Home Depot stock opened at $370.71 on Thursday. Home Depot has a 12-month low of $323.77 and a 12-month high of $439.37. The firm has a market capitalization of $368.50 billion, a price-to-earnings ratio of 25.18, a P/E/G ratio of 4.03 and a beta of 1.05. The firm has a 50 day moving average of $359.38 and a 200 day moving average of $387.66. 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 (NYSE:HD) last posted its quarterly earnings data on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS for the quarter, missing the consensus estimate of $3.59 by ($0.03). The company had revenue of $39.86 billion during the quarter, compared to the consensus estimate of $39.24 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period last year, the business earned $3.63 EPS.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Asset Planning Services Inc. LA ADV boosted its stake in shares of Home Depot by 99,400.7% during the 1st quarter. Asset Planning Services Inc. LA ADV now owns 18,975,772 shares of the home improvement retailer’s stock worth $6,954,431,000 after purchasing an additional 18,956,701 shares during the period. Norges Bank purchased a new stake in Home Depot in the 4th quarter worth about $5,032,910,000. GAMMA Investing LLC lifted its stake in Home Depot by 39,194.1% in the first quarter. GAMMA Investing LLC now owns 10,236,903 shares of the home improvement retailer’s stock worth $37,517,230,000 after purchasing an additional 10,210,851 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Home Depot in the fourth quarter worth about $2,212,546,000. Finally, Nuveen LLC bought a new stake in Home Depot in the first quarter worth about $2,076,592,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Increases Dividend

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

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.