Erste Group Bank Reduces Earnings Estimates for Home Depot

Posted by Brenda Bartman on Sep 11th, 2026

The Home Depot, Inc. (NYSE:HD – Free Report) – Equities researchers at Erste Group Bank lowered their FY2028 earnings estimates for shares of Home Depot in a research note issued to investors on Tuesday, September 8th. Erste Group Bank analyst S. Lingnau now anticipates that the home improvement retailer will post earnings per share of $16.02 for the year, down from their previous forecast of $16.05. The consensus estimate for Home Depot’s current full-year earnings is $15.00 per share.

Home Depot (NYSE:HD – Get Free Report) last released its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.73 by $0.19. The company had revenue of $47.86 billion during the quarter, compared to analyst estimates of $47.24 billion. Home Depot had a return on equity of 106.42% and a net margin of 8.41%.Home Depot’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the company posted $4.68 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS.

A number of other brokerages also recently issued reports on HD. JPMorgan Chase & Co. reduced their price objective on Home Depot from $423.00 to $396.00 and set an “overweight” rating for the company in a research note on Wednesday, May 20th. DA Davidson reiterated a “buy” rating and set a $377.00 target price on shares of Home Depot in a research note on Wednesday, August 19th. Wells Fargo & Company boosted their price target on shares of Home Depot from $360.00 to $400.00 and gave the stock an “overweight” rating in a report on Tuesday, August 11th. Wall Street Zen upgraded shares of Home Depot from a “sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Finally, Robert W. Baird decreased their price objective on shares of Home Depot from $430.00 to $380.00 and set an “outperform” rating for the company in a report on Wednesday, May 20th. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $375.18.

Read Our Latest Analysis on Home Depot

Home Depot Stock Performance

Shares of Home Depot stock opened at $305.58 on Friday. The business’s fifty day simple moving average is $336.12 and its 200 day simple moving average is $334.07. The firm has a market capitalization of $304.87 billion, a P/E ratio of 21.38, a price-to-earnings-growth ratio of 3.42 and a beta of 0.95. Home Depot has a 12 month low of $289.10 and a 12 month high of $426.75. The company has a current ratio of 1.08, a quick ratio of 0.31 and a debt-to-equity ratio of 2.64.

Hedge Funds Weigh In On Home Depot

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HD. California State Teachers Retirement System increased its stake in shares of Home Depot by 34,873.9% in the second quarter. California State Teachers Retirement System now owns 525,674,125 shares of the home improvement retailer’s stock worth $185,394,750,000 after purchasing an additional 524,171,077 shares in the last quarter. BlackRock Inc. purchased a new stake in shares of Home Depot during the 2nd quarter valued at approximately $28,771,247,000. Bank of America Corp DE bought a new position in Home Depot in the 2nd quarter worth approximately $5,780,468,000. Norges Bank bought a new position in Home Depot in the 4th quarter worth approximately $4,850,329,000. Finally, Bank of New York Mellon Corp bought a new position in Home Depot in the 2nd quarter worth approximately $2,777,396,000. Institutional investors own 70.86% of the company’s stock.

Insider Activity

In other news, CFO Richard McPhail sold 5,989 shares of the company’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $348.40, for a total transaction of $2,086,567.60. Following the transaction, the chief financial officer owned 48,104 shares of the company’s stock, valued at $16,759,433.60. This represents a 11.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Teresa Roseborough sold 2,455 shares of the stock in a transaction on Friday, August 28th. The stock was sold at an average price of $328.77, for a total value of $807,130.35. Following the transaction, the executive vice president owned 14,061 shares of the company’s stock, valued at $4,622,834.97. The trade was a 14.86% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 9,154 shares of company stock valued at $3,132,798 in the last 90 days. Insiders own 0.08% of the company’s stock.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd will be paid a $2.33 dividend. The ex-dividend date is Thursday, September 3rd. This represents a $9.32 annualized dividend and a dividend yield of 3.0%. Home Depot’s payout ratio is presently 65.22%.

Key Headlines Impacting Home Depot

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

Positive Sentiment: Home Depot continues to benefit from momentum among professional customers, digital sales growth and faster fulfillment, which could support market-share gains and future growth despite a challenging housing environment. Home Depot Drops 12.4% in a Month: Time to Buy or Stay Cautious?
Positive Sentiment: Home Depot is highlighted as a company with a durable record of dividend increases, potentially making the stock more attractive to income-focused investors during a cyclical downturn. 5 Stocks That Keep Raising Their Dividend Regardless Of The Market
Neutral Sentiment: A quantitative signal has emerged that may interest contrarian options traders, although it does not change the company’s underlying operating outlook. A Rare Quant Signal Just Flashed for Contrarian Options Traders in Home Depot Stock
Negative Sentiment: The key concern is that sales growth appears to be coming from larger customer baskets rather than more shopping visits. Continued reductions in traffic could make growth harder to sustain, particularly while the housing market remains effectively frozen. What Happens To Home Depot Stock If Shoppers Keep Visiting Less?
Negative Sentiment: Analysts continue to cite housing weakness and cost pressures as risks. Sanford C. Bernstein lowered its price target from $354 to $344 and maintained a “market perform” rating, signaling limited near-term conviction.

About Home Depot

(Get Free Report)

The Home Depot, Inc is a home improvement retailer that sells building materials, appliances, decor, hardware, tools, paint, lawn and garden products, and related merchandise. The company serves do-it-yourself customers, professional contractors, homebuilders, and other commercial customers through its retail stores and digital platforms.

Home Depot also provides services such as equipment and tool rental, delivery, installation, and project support. Its professional-focused offerings include job-lot quantities, specialized products, credit services, and account support designed for contractors and other trade customers.

Founded in 1978 by Bernie Marcus, Arthur Blank, Ken Langone, and Pat Farrah, the company is headquartered in Atlanta, Georgia.

Earnings History and Estimates for Home Depot (NYSE:HD)

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