Home Depot (NYSE:HD) Releases FY 2026 Earnings Guidance

Home Depot (NYSE:HD) updated its FY 2026 earnings guidance on Tuesday morning. The company provided EPS guidance of 14.690-15.278 for the period, compared to the consensus earnings per share estimate of 15.050. The company issued revenue guidance of $168.8 billion-$172.1 billion, compared to the consensus revenue estimate of $171.2 billion.

Home Depot Trading Up 0.1%

NYSE HD opened at $338.10 on Wednesday. The stock has a market cap of $337.12 billion, a PE ratio of 24.01, a PEG ratio of 4.08 and a beta of 0.95. The company has a current ratio of 1.04, a quick ratio of 0.28 and a debt-to-equity ratio of 3.23. Home Depot has a 12 month low of $289.10 and a 12 month high of $426.75. The company’s 50-day moving average price is $340.08 and its 200-day moving average price is $340.97.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 EPS for the quarter, topping analysts’ consensus estimates of $4.73 by $0.19. The business had revenue of $47.86 billion for the quarter, compared to the consensus estimate of $47.24 billion. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Equities research analysts forecast that Home Depot will post 14.99 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were issued a dividend of $2.33 per share. This represents a $9.32 annualized dividend and a yield of 2.8%. The ex-dividend date was Thursday, June 4th. Home Depot’s dividend payout ratio (DPR) is presently 66.19%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on HD. The Goldman Sachs Group lowered their target price on Home Depot from $409.00 to $390.00 and set a “buy” rating for the company in a report on Wednesday, May 20th. Weiss Ratings upgraded Home Depot from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 7th. Wall Street Zen raised shares of Home Depot from a “sell” rating to a “hold” rating in a research note on Tuesday, June 2nd. Stifel Nicolaus increased their target price on shares of Home Depot from $320.00 to $340.00 and gave the stock a “hold” rating in a report on Monday. Finally, TD Cowen reissued a “buy” rating on shares of Home Depot in a research report on Monday, August 10th. Eighteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $375.25.

Key Headlines Impacting Home Depot

Here are the key news stories impacting Home Depot this week:

• Positive Sentiment: Quarterly results exceeded expectations. Adjusted EPS was $4.92 versus the $4.73 consensus, while revenue rose 5.7% year over year to $47.86 billion, above estimates of approximately $47.24 billion. Home Depot reaffirms guidance amid frozen housing market conditions
• Positive Sentiment: Demand proved resilient despite high borrowing costs. Comparable sales increased 1.7% globally and 1.3% in the U.S., helped by repair, maintenance and smaller do-it-yourself projects. Customers made fewer trips, but comparable average ticket increased 2.8%, supporting sales growth. Home Depot beats quarterly sales estimates on steady repair demand
• Positive Sentiment: Analysts see potential for recovery. Market-share gains and signs that the housing downturn may be easing led some analysts to argue that the worst could be over. MarketBeat reported a Moderate Buy consensus and price targets reaching $375, while Stifel raised its target to $340 and retained a Hold rating. Home Depot analysts see a path to $375 and beyond
• Positive Sentiment: Omnichannel capabilities are expanding. Home Depot launched nationwide Express Delivery, using more than 2,000 stores as fulfillment hubs to deliver products to Pro and DIY customers in as little as three hours. This could improve convenience, retention and online order frequency. The Home Depot expands nationwide Express Delivery
• Neutral Sentiment: Fiscal 2026 guidance was reaffirmed. The outlook calls for approximately 2.5%–4.5% sales growth and flat-to-2.0% comparable-sales growth. Maintaining guidance provides stability, but does not signal a full housing-market recovery.
• Negative Sentiment: Large renovation demand remains weak. Management described housing conditions as “frozen,” with elevated mortgage rates and housing costs causing customers to defer bigger projects. The earnings beat was driven primarily by smaller jobs, while lower transaction volumes and margin pressure remain concerns. Home Depot just flashed a housing market warning
• Negative Sentiment: Leadership uncertainty persists. CEO Ted Decker’s recently announced medical leave remains an overhang for investors, even though the company produced solid results.

Hedge Funds Weigh In On Home Depot

Large investors have recently added to or reduced their stakes in the company. Advocate Investing Services LLC acquired a new position in shares of Home Depot during the fourth quarter worth $25,000. Parvin Asset Management LLC boosted its position in shares of Home Depot by 110.0% in the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $26,000 after purchasing an additional 33 shares in the last quarter. Imprint Wealth LLC acquired a new stake in shares of Home Depot in the 3rd quarter worth $34,000. Triumph Capital Management acquired a new stake in shares of Home Depot in the 3rd quarter worth $40,000. Finally, Binnacle Investments Inc grew its stake in Home Depot by 28.8% during the 2nd quarter. Binnacle Investments Inc now owns 143 shares of the home improvement retailer’s stock worth $52,000 after buying an additional 32 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

About Home Depot

The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.