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

Home Depot (NYSE:HD) issued an update on 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 EPS 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 Stock Up 0.8%

Home Depot stock opened at $302.23 on Wednesday. The firm has a market capitalization of $301.03 billion, a P/E ratio of 21.24, a P/E/G ratio of 3.46 and a beta of 1.00. The company has a 50-day simple moving average of $329.41 and a 200-day simple moving average of $353.04. Home Depot has a one year low of $289.10 and a one year high of $426.75. The company has a debt-to-equity ratio of 3.62, a quick ratio of 0.26 and a current ratio of 1.06.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share for the quarter, topping the consensus estimate of $3.41 by $0.02. The business had revenue of $41.77 billion during the quarter, compared to the consensus estimate of $41.59 billion. Home Depot had a net margin of 8.60% and a return on equity of 134.32%. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.56 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, equities analysts expect that Home Depot will post 15.02 earnings per share for the current year.

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 12th were issued a $2.33 dividend. The ex-dividend date of this dividend was Thursday, March 12th. This is an increase from Home Depot’s previous quarterly dividend of $2.30. This represents a $9.32 annualized dividend and a yield of 3.1%. Home Depot’s dividend payout ratio is currently 65.50%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on HD shares. Sanford C. Bernstein reduced their price objective on shares of Home Depot from $390.00 to $365.00 and set a “market perform” rating for the company in a report on Thursday, May 14th. Wells Fargo & Company reduced their price objective on shares of Home Depot from $420.00 to $375.00 and set an “overweight” rating for the company in a report on Thursday, May 14th. UBS Group reaffirmed an “outperform” rating on shares of Home Depot in a report on Tuesday, March 24th. DA Davidson set a $377.00 price target on shares of Home Depot in a report on Tuesday. Finally, Robert W. Baird upped their price target on shares of Home Depot from $400.00 to $430.00 and gave the company an “outperform” rating in a report on Tuesday, February 17th. Twenty investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $392.45.

Insiders Place Their Bets

In other Home Depot news, CFO Richard V. Mcphail sold 2,550 shares of the company’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $368.89, for a total value of $940,669.50. Following the completion of the sale, the chief financial officer directly owned 44,566 shares of the company’s stock, valued at approximately $16,439,951.74. This represents a 5.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.08% of the company’s stock.

Key Headlines Impacting Home Depot

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

• Positive Sentiment: Home Depot beat first-quarter expectations, posting EPS of $3.43 on revenue of $41.77 billion, while revenue rose 4.8% year over year and comparable sales increased 0.6%. Reuters article
• Positive Sentiment: The company reaffirmed full-year fiscal 2026 guidance, easing investor concerns that macro weakness would force a cut to its outlook. PR Newswire article
• Positive Sentiment: Management said Pro customer demand, digital growth, and distribution expansion are helping offset softness in larger home-improvement projects. Zacks article

Institutional Trading of Home Depot

A number of hedge funds have recently bought and sold shares of HD. Schnieders Capital Management LLC. increased its holdings in shares of Home Depot by 14.1% in the 2nd quarter. Schnieders Capital Management LLC. now owns 11,587 shares of the home improvement retailer’s stock valued at $4,248,000 after purchasing an additional 1,433 shares during the period. Brighton Jones LLC increased its holdings in shares of Home Depot by 36.5% in the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock valued at $10,471,000 after purchasing an additional 7,203 shares during the period. Sivia Capital Partners LLC increased its holdings in shares of Home Depot by 7.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,598 shares of the home improvement retailer’s stock valued at $952,000 after purchasing an additional 173 shares during the period. Triumph Capital Management increased its holdings in shares of Home Depot by 280.0% in the 4th quarter. Triumph Capital Management now owns 380 shares of the home improvement retailer’s stock valued at $131,000 after purchasing an additional 280 shares during the period. Finally, Safe Harbor Fiduciary LLC acquired a new position in shares of Home Depot in the 4th quarter valued at about $110,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Company Profile

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.