FY2026 EPS Estimates for Home Depot Lowered by DA Davidson

The Home Depot, Inc. (NYSE:HD) – DA Davidson lowered their FY2026 earnings per share estimates for Home Depot in a research report issued on Wednesday, February 26th. DA Davidson analyst M. Baker now forecasts that the home improvement retailer will post earnings of $14.95 per share for the year, down from their previous estimate of $16.07. The consensus estimate for Home Depot’s current full-year earnings is $15.13 per share.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.04 by $0.09. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company had revenue of $39.70 billion during the quarter, compared to the consensus estimate of $39.15 billion. During the same period in the previous year, the company posted $2.82 EPS. The firm’s revenue was up 14.1% on a year-over-year basis.

Several other research firms have also recently weighed in on HD. Evercore ISI raised their target price on shares of Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Guggenheim restated a “buy” rating and set a $450.00 price objective on shares of Home Depot in a research report on Wednesday. Hsbc Global Res upgraded Home Depot from a “moderate sell” rating to a “hold” rating in a research report on Wednesday. Royal Bank of Canada cut their price target on Home Depot from $431.00 to $424.00 and set a “sector perform” rating for the company in a report on Wednesday. Finally, JPMorgan Chase & Co. upped their price objective on Home Depot from $450.00 to $475.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Nine analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $436.50.

Home Depot Price Performance

Shares of Home Depot stock opened at $396.69 on Friday. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. Home Depot has a 52 week low of $323.77 and a 52 week high of $439.37. The stock’s 50-day simple moving average is $401.36 and its 200-day simple moving average is $398.72. The company has a market capitalization of $394.06 billion, a price-to-earnings ratio of 26.95, a PEG ratio of 4.03 and a beta of 1.05.

Hedge Funds Weigh In On Home Depot

A number of large investors have recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Home Depot during the 4th quarter worth approximately $5,032,910,000. Raymond James Financial Inc. purchased a new position in Home Depot in the fourth quarter worth $2,212,546,000. Proficio Capital Partners LLC increased its position in shares of Home Depot by 21,394.9% during the fourth quarter. Proficio Capital Partners LLC now owns 2,039,862 shares of the home improvement retailer’s stock worth $793,486,000 after purchasing an additional 2,030,372 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Home Depot by 13.3% during the 4th quarter. Northern Trust Corp now owns 12,149,890 shares of the home improvement retailer’s stock valued at $4,726,186,000 after purchasing an additional 1,424,857 shares during the last quarter. Finally, Castlekeep Investment Advisors LLC acquired a new stake in shares of Home Depot in the 4th quarter worth $471,189,000. 70.86% of the stock is currently owned by institutional investors.

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a dividend of $2.30 per share. The ex-dividend date is Thursday, March 13th. This represents a $9.20 dividend on an annualized basis and a yield of 2.32%. This is an increase from Home Depot’s previous quarterly dividend of $2.25. Home Depot’s dividend payout ratio (DPR) is presently 61.66%.

Home Depot Company Profile

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.