Brokers Issue Forecasts for Home Depot FY2028 Earnings

The Home Depot, Inc. (NYSE:HD) – Equities research analysts at Erste Group Bank decreased their FY2028 earnings estimates for Home Depot in a research note issued on Friday, September 18th. Erste Group Bank analyst S. Lingnau now forecasts that the home improvement retailer will post earnings per share of $16.00 for the year, down from their previous estimate of $16.02. The consensus estimate for Home Depot’s current full-year earnings is $15.00 per share.

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

Several other research firms have also issued reports on HD. Wells Fargo & Company raised their price target on Home Depot from $360.00 to $400.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 11th. Weiss Ratings raised Home Depot from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 7th. DA Davidson restated a “buy” rating and issued a $377.00 target price on shares of Home Depot in a report on Wednesday, August 19th. Truist Financial lifted their target price on shares of Home Depot from $369.00 to $373.00 and gave the stock a “buy” rating in a research note on Wednesday, August 19th. Finally, Sanford C. Bernstein lowered their price target on shares of Home Depot from $354.00 to $344.00 and set a “market perform” rating for the company in a report on Wednesday, September 9th. Eighteen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $375.18.

Home Depot Stock Performance

NYSE HD opened at $297.66 on Monday. The firm has a market cap of $296.97 billion, a price-to-earnings ratio of 20.83, a PEG ratio of 3.30 and a beta of 0.95. The company has a 50-day simple moving average of $330.51 and a two-hundred day simple moving average of $330.55. The company has a quick ratio of 0.31, a current ratio of 1.08 and a debt-to-equity ratio of 2.64. Home Depot has a 12-month low of $289.10 and a 12-month high of $414.88.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd were paid a dividend of $2.33 per share. The ex-dividend date of this dividend was Thursday, September 3rd. This represents a $9.32 annualized dividend and a dividend yield of 3.1%. Home Depot’s payout ratio is 65.22%.

Insiders Place Their Bets

In other Home Depot news, EVP Teresa Roseborough sold 2,455 shares of the business’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $328.77, for a total transaction of $807,130.35. Following the transaction, the executive vice president directly owned 14,061 shares of the company’s stock, valued at approximately $4,622,834.97. The trade was a 14.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Kimberly R. Scardino sold 675 shares of the firm’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $305.95, for a total transaction of $206,516.25. Following the completion of the sale, the chief accounting officer directly owned 8,189 shares of the company’s stock, valued at approximately $2,505,424.55. This represents a 7.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 9,829 shares of company stock worth $3,339,314 in the last ninety days. Insiders own 0.08% of the company’s stock.

Hedge Funds Weigh In On Home Depot

Several hedge funds and other institutional investors have recently modified their holdings of HD. BlackRock Inc. bought a new position in shares of Home Depot in the 2nd quarter worth approximately $28,771,247,000. Geode Capital Management LLC grew its stake in Home Depot by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 23,756,142 shares of the home improvement retailer’s stock worth $8,151,344,000 after purchasing an additional 343,153 shares during the period. Bank of America Corp DE purchased a new stake in Home Depot in the second quarter worth $5,780,468,000. Norges Bank bought a new position in Home Depot in the fourth quarter worth $4,850,329,000. Finally, Capital World Investors raised its holdings in Home Depot by 1.6% in the fourth quarter. Capital World Investors now owns 13,147,117 shares of the home improvement retailer’s stock worth $4,524,166,000 after purchasing an additional 201,694 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

About Home Depot

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.