DA Davidson Analysts Decrease Earnings Estimates for The Home Depot, Inc. (NYSE:HD)

The Home Depot, Inc. (NYSE:HD) – DA Davidson dropped their FY2025 EPS estimates for shares of Home Depot in a report released on Tuesday, August 6th. DA Davidson analyst M. Baker now expects that the home improvement retailer will post earnings of $15.19 per share for the year, down from their prior forecast of $15.23. DA Davidson has a “Buy” rating and a $395.00 price objective on the stock. The consensus estimate for Home Depot’s current full-year earnings is $15.28 per share.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.61 by $0.02. The firm had revenue of $36.42 billion during the quarter, compared to analyst estimates of $36.65 billion. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. Home Depot’s revenue was down 2.3% on a year-over-year basis. During the same period in the previous year, the business posted $3.82 EPS.

A number of other research analysts have also issued reports on HD. Citigroup reduced their target price on shares of Home Depot from $415.00 to $395.00 and set a “buy” rating for the company in a research note on Tuesday, May 7th. HSBC dropped their price target on shares of Home Depot from $323.00 to $318.00 and set a “reduce” rating on the stock in a research report on Wednesday, May 15th. Jefferies Financial Group started coverage on shares of Home Depot in a research report on Tuesday, July 16th. They set a “buy” rating and a $426.00 price target on the stock. TD Cowen dropped their price target on shares of Home Depot from $440.00 to $420.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. Finally, Evercore ISI boosted their price target on shares of Home Depot from $415.00 to $420.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 14th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $384.00.

Home Depot Trading Up 1.7 %

Home Depot stock opened at $348.34 on Wednesday. The company has a quick ratio of 0.42, a current ratio of 1.34 and a debt-to-equity ratio of 23.11. The firm has a 50-day moving average price of $347.89 and a two-hundred day moving average price of $353.21. The firm has a market capitalization of $345.42 billion, a price-to-earnings ratio of 23.36, a PEG ratio of 2.48 and a beta of 0.98. Home Depot has a 52-week low of $274.26 and a 52-week high of $396.87.

Institutional Trading of Home Depot

Several large investors have recently added to or reduced their stakes in HD. Norges Bank bought a new stake in Home Depot in the fourth quarter worth approximately $4,311,070,000. Alphinity Investment Management Pty Ltd bought a new stake in Home Depot in the first quarter worth approximately $513,016,000. Jennison Associates LLC grew its position in Home Depot by 38.4% in the fourth quarter. Jennison Associates LLC now owns 4,347,596 shares of the home improvement retailer’s stock worth $1,506,659,000 after acquiring an additional 1,207,388 shares in the last quarter. Capital Research Global Investors grew its position in Home Depot by 7.2% in the fourth quarter. Capital Research Global Investors now owns 14,765,587 shares of the home improvement retailer’s stock worth $5,117,016,000 after acquiring an additional 992,444 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in Home Depot by 15.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 7,437,805 shares of the home improvement retailer’s stock worth $2,853,143,000 after acquiring an additional 971,833 shares in the last quarter. 70.86% of the stock is owned by institutional investors.

Insider Activity at Home Depot

In related news, EVP Matt Carey sold 56,008 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $345.18, for a total transaction of $19,332,841.44. Following the transaction, the executive vice president now directly owns 33,325 shares of the company’s stock, valued at $11,503,123.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.10% of the stock is currently owned by insiders.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Thursday, May 30th were given a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date was Thursday, May 30th. Home Depot’s payout ratio is presently 60.36%.

Home Depot Company Profile

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.