Home Depot’s (HD) Outperform Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reiterated their outperform rating on shares of Home Depot (NYSE:HD) in a research report report published on Wednesday morning,Benzinga reports. The firm currently has a $455.00 price objective on the home improvement retailer’s stock. Telsey Advisory Group also issued estimates for Home Depot’s Q1 2026 earnings at $3.58 EPS, Q2 2026 earnings at $4.68 EPS, Q3 2026 earnings at $3.88 EPS, Q4 2026 earnings at $2.87 EPS, FY2026 earnings at $15.01 EPS and FY2027 earnings at $16.50 EPS.

Other analysts have also recently issued reports about the stock. Truist Financial upped their price target on shares of Home Depot from $465.00 to $467.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Mizuho upped their price target on shares of Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Bank of America upped their price target on shares of Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. HSBC raised shares of Home Depot from a “reduce” rating to a “hold” rating and increased their target price for the stock from $356.00 to $410.00 in a report on Wednesday. Finally, Evercore ISI increased their target price on shares of Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Nine analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. According to MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and an average price target of $436.50.

Home Depot Trading Up 1.6 %

HD opened at $396.69 on Wednesday. The stock has a market capitalization of $394.06 billion, a PE ratio of 26.95, a P/E/G ratio of 4.03 and a beta of 1.05. The firm’s fifty day moving average price is $401.36 and its 200 day moving average price is $398.72. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. Home Depot has a 12-month low of $323.77 and a 12-month high of $439.37.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.04 by $0.09. The firm had revenue of $39.70 billion for the quarter, compared to analysts’ expectations of $39.15 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm’s quarterly revenue was up 14.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.82 earnings per share. As a group, research analysts expect that Home Depot will post 15.13 EPS for the current fiscal year.

Home Depot Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date is Thursday, March 13th. This is a positive change from Home Depot’s previous quarterly dividend of $2.25. Home Depot’s dividend payout ratio is currently 61.66%.

Hedge Funds Weigh In On Home Depot

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BridgePort Financial Solutions LLC bought a new position in Home Depot in the 4th quarter valued at about $767,000. Park Square Financial Group LLC bought a new position in shares of Home Depot during the 4th quarter valued at about $1,401,000. Total Wealth Planning & Management Inc. bought a new position in shares of Home Depot during the 4th quarter valued at about $1,664,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Home Depot during the 4th quarter valued at about $275,420,000. Finally, Brooklyn FI LLC bought a new position in shares of Home Depot during the 4th quarter valued at about $2,312,000. Institutional investors own 70.86% of the company’s stock.

About Home Depot

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.