Home Depot (NYSE:HD) Issues FY 2025 Earnings Guidance

Home Depot (NYSE:HD) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 14.940-14.940 for the period, compared to the consensus estimate of 15.001. The company issued revenue guidance of $164.0 billion-$164.0 billion, compared to the consensus revenue estimate of $164.3 billion.

Home Depot Trading Down 1.2%

Shares of NYSE HD opened at $394.68 on Tuesday. The company’s 50 day simple moving average is $371.05 and its 200 day simple moving average is $371.19. Home Depot has a fifty-two week low of $326.31 and a fifty-two week high of $439.37. The firm has a market capitalization of $392.68 billion, a P/E ratio of 26.78, a P/E/G ratio of 3.80 and a beta of 1.00. The company has a debt-to-equity ratio of 5.95, a current ratio of 1.09 and a quick ratio of 0.28.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share for the quarter, missing the consensus estimate of $3.59 by ($0.03). Home Depot had a net margin of 8.98% and a return on equity of 242.51%. The business had revenue of $39.86 billion during the quarter, compared to analyst estimates of $39.24 billion. During the same quarter in the prior year, the company earned $3.63 earnings per share. The company’s quarterly revenue was up 9.4% on a year-over-year basis. On average, analysts predict that Home Depot will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were issued a $2.30 dividend. This represents a $9.20 annualized dividend and a yield of 2.3%. The ex-dividend date was Thursday, June 5th. Home Depot’s dividend payout ratio is currently 62.42%.

Wall Street Analyst Weigh In

HD has been the topic of several analyst reports. Jefferies Financial Group cut their price objective on shares of Home Depot from $461.00 to $456.00 in a report on Tuesday, May 20th. Gordon Haskett upped their target price on shares of Home Depot from $350.00 to $360.00 in a research note on Tuesday, May 20th. Stifel Nicolaus set a $432.00 target price on shares of Home Depot and gave the company a “buy” rating in a research note on Monday. Telsey Advisory Group restated an “outperform” rating and issued a $455.00 price target on shares of Home Depot in a report on Wednesday, August 13th. Finally, Evercore ISI set a $400.00 price target on Home Depot and gave the stock an “outperform” rating in a report on Thursday, May 22nd. Six investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and an average target price of $427.76.

Insiders Place Their Bets

In other Home Depot news, EVP Fahim Siddiqui sold 2,600 shares of the stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total value of $954,564.00. Following the completion of the sale, the executive vice president owned 7,951 shares in the company, valued at $2,919,130.14. This trade represents a 24.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $369.28, for a total transaction of $1,996,327.68. Following the completion of the sale, the executive vice president owned 17,367 shares of the company’s stock, valued at approximately $6,413,285.76. This represents a 23.74% decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by company insiders.

Institutional Trading of Home Depot

A number of large investors have recently added to or reduced their stakes in HD. Binnacle Investments Inc lifted its stake in Home Depot by 28.8% in the second quarter. Binnacle Investments Inc now owns 143 shares of the home improvement retailer’s stock valued at $52,000 after acquiring an additional 32 shares during the last quarter. WFA of San Diego LLC acquired a new stake in shares of Home Depot during the 2nd quarter worth about $145,000. High Falls Advisors Inc acquired a new stake in Home Depot in the 2nd quarter worth about $216,000. Strategic Investment Advisors MI raised its stake in Home Depot by 13.1% in the 2nd quarter. Strategic Investment Advisors MI now owns 708 shares of the home improvement retailer’s stock worth $259,000 after purchasing an additional 82 shares in the last quarter. Finally, WealthCollab LLC raised its stake in Home Depot by 4.1% in the 2nd quarter. WealthCollab LLC now owns 730 shares of the home improvement retailer’s stock worth $268,000 after purchasing an additional 29 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

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.