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

Home Depot (NYSE:HD) updated its FY 2026 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 14.690-15.278 for the period, compared to the consensus 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 Down 0.1%

Home Depot stock opened at $338.44 on Tuesday. The company has a market cap of $337.47 billion, a P/E ratio of 24.04, a price-to-earnings-growth ratio of 4.08 and a beta of 0.95. Home Depot has a 1-year low of $289.10 and a 1-year high of $426.75. The company has a fifty day simple moving average of $339.74 and a 200 day simple moving average of $341.23. The company has a current ratio of 1.04, a quick ratio of 0.28 and a debt-to-equity ratio of 3.23.

Home Depot (NYSE:HD) last issued its quarterly 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. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The firm had revenue of $47.86 billion for the quarter, compared to analyst estimates of $47.24 billion. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Research analysts anticipate that Home Depot will post 15 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were given a $2.33 dividend. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.8%. Home Depot’s payout ratio is currently 66.19%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Piper Sandler dropped their target price on Home Depot from $422.00 to $421.00 and set an “overweight” rating on the stock in a report on Wednesday, May 20th. Weiss Ratings upgraded Home Depot from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 7th. Morgan Stanley lowered their price target on Home Depot from $420.00 to $400.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 20th. The Goldman Sachs Group dropped their price objective on Home Depot from $409.00 to $390.00 and set a “buy” rating on the stock in a research note on Wednesday, May 20th. Finally, Citigroup cut their price objective on Home Depot from $450.00 to $400.00 and set a “buy” rating for the company in a report on Tuesday, May 12th. Eighteen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $373.89.

Trending Headlines about Home Depot

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

• Positive Sentiment: Adjusted earnings per share of $4.92 exceeded the $4.73 analyst consensus, while revenue rose 5.7% year over year to $47.86 billion, ahead of the $47.24 billion estimate. The results indicate that resilient repair and maintenance demand is offsetting sluggish home sales and remodeling activity. Home Depot Stock Rises as Earnings Defy Housing Slump
• Positive Sentiment: Comparable sales increased 1.7% overall and 1.3% in the United States. Average ticket growth of 2.8% helped offset a 1.0% decline in comparable customer transactions, suggesting customers are making fewer but larger purchases. The Home Depot Announces Second Quarter Fiscal 2026 Results
• Positive Sentiment: Management reaffirmed fiscal 2026 guidance for total sales growth of approximately 2.5% to 4.5% and comparable-sales growth ranging from flat to 2.0%, reducing the risk of a near-term outlook reset. Home Depot Reaffirms Guidance

Hedge Funds Weigh In On Home Depot

A number of institutional investors have recently bought and sold shares of the business. Advocate Investing Services LLC bought a new stake in Home Depot in the fourth quarter valued at approximately $25,000. Parvin Asset Management LLC boosted its stake in shares of Home Depot by 110.0% during the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $26,000 after acquiring an additional 33 shares during the period. Imprint Wealth LLC acquired a new position in shares of Home Depot during the 3rd quarter worth approximately $34,000. Triumph Capital Management acquired a new position in shares of Home Depot during the 3rd quarter worth approximately $40,000. Finally, Binnacle Investments Inc raised its stake in Home Depot by 28.8% in the 2nd quarter. Binnacle Investments Inc now owns 143 shares of the home improvement retailer’s stock valued at $52,000 after acquiring an additional 32 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

About Home Depot

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.