Q2 Earnings Estimate for Home Depot Issued By DA Davidson

The Home Depot, Inc. (NYSE:HD) – DA Davidson issued their Q2 2026 earnings 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 earn $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.

Other equities research analysts have also recently issued reports about the company. Hsbc Global Res upgraded Home Depot from a “moderate sell” rating to a “hold” rating in a report on Wednesday, February 26th. HSBC raised shares of Home Depot from a “reduce” rating to a “hold” rating and upped their price objective for the stock from $356.00 to $410.00 in a research note on Wednesday, February 26th. Guggenheim reissued a “buy” rating and set a $450.00 price objective on shares of Home Depot in a report on Wednesday. Wedbush reissued an “outperform” rating and issued a $440.00 price target on shares of Home Depot in a research report on Wednesday, February 26th. Finally, Wells Fargo & Company cut their target price on Home Depot from $445.00 to $420.00 and set an “overweight” rating on the stock in a research note on Thursday, May 8th. Eight analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $427.92.

Home Depot Stock Down 1.7%

Shares of NYSE:HD opened at $370.71 on Thursday. The business’s 50 day moving average is $359.38 and its 200 day moving average is $387.66. The stock has a market cap of $368.50 billion, a P/E ratio of 25.18, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05. Home Depot has a 52-week low of $323.77 and a 52-week high of $439.37. 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 (NYSE:HD) last issued its earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS for the quarter, missing analysts’ consensus estimates of $3.59 by ($0.03). The company had revenue of $39.86 billion for the quarter, compared to analysts’ expectations of $39.24 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business’s revenue was up 9.4% compared to the same quarter last year. During the same period last year, the business posted $3.63 earnings per share.

Hedge Funds Weigh In On Home Depot

A number of institutional investors have recently bought and sold shares of the business. Wealth Group Ltd. grew its position in Home Depot by 5.0% during the 4th quarter. Wealth Group Ltd. now owns 563 shares of the home improvement retailer’s stock worth $219,000 after purchasing an additional 27 shares during the period. Tallon Kerry Patrick acquired a new position in shares of Home Depot in the 4th quarter valued at about $281,000. Capital & Planning LLC boosted its stake in shares of Home Depot by 110.2% in the fourth quarter. Capital & Planning LLC now owns 1,074 shares of the home improvement retailer’s stock worth $418,000 after buying an additional 563 shares during the last quarter. Wedge Capital Management L L P NC purchased a new stake in shares of Home Depot in the fourth quarter worth about $634,000. Finally, Ironwood Wealth Management LLC. grew its holdings in Home Depot by 0.7% during the fourth quarter. Ironwood Wealth Management LLC. now owns 4,537 shares of the home improvement retailer’s stock worth $1,765,000 after acquiring an additional 32 shares during the period. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Increases Dividend

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