Home Depot (NYSE:HD) Releases Earnings Results

Home Depot (NYSE:HD) announced its quarterly earnings data on Tuesday. The home improvement retailer reported $3.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.59 by ($0.03), RTT News reports. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm had revenue of $39.86 billion during the quarter, compared to analysts’ expectations of $39.24 billion. During the same period last year, the company earned $3.63 earnings per share. The business’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 Price Performance

HD 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 company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The company has a 50-day moving average price of $359.38 and a 200 day moving average price of $387.66. The stock has a market cap of $368.50 billion, a PE ratio of 25.18, a P/E/G ratio of 4.03 and a beta of 1.05.

Home Depot Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were paid a $2.30 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $9.20 annualized dividend and a dividend yield of 2.48%. This is an increase from Home Depot’s previous quarterly dividend of $2.25. Home Depot’s dividend payout ratio is currently 61.66%.

Institutional Trading of Home Depot

A hedge fund recently raised its stake in Home Depot stock. Brighton Jones LLC grew its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 36.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 26,918 shares of the home improvement retailer’s stock after buying 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 reporting period. 70.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Hsbc Global Res raised shares of Home Depot from a “moderate sell” rating to a “hold” rating in a report on Wednesday, February 26th. KGI Securities upgraded Home Depot to a “strong-buy” rating in a research report on Monday, March 3rd. TD Securities reissued a “buy” rating and set a $470.00 target price on shares of Home Depot in a research note on Wednesday. HSBC raised Home Depot from a “reduce” rating to a “hold” rating and boosted their price target for the stock from $356.00 to $410.00 in a report on Wednesday, February 26th. Finally, Robert W. Baird cut their price objective on shares of Home Depot from $430.00 to $425.00 and set an “outperform” rating for the company in a report on Wednesday. Eight research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $427.92.

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.