FY2025 EPS Estimates for Home Depot Increased by DA Davidson

The Home Depot, Inc. (NYSE:HD) – Stock analysts at DA Davidson boosted their FY2025 earnings per share estimates for shares of Home Depot in a report issued on Wednesday, November 13th. DA Davidson analyst M. Baker now anticipates that the home improvement retailer will post earnings of $15.08 per share for the year, up from their previous estimate of $14.99. DA Davidson currently has a “Buy” rating and a $466.00 target price on the stock. The consensus estimate for Home Depot’s current full-year earnings is $15.06 per share. DA Davidson also issued estimates for Home Depot’s FY2026 earnings at $16.02 EPS.

Several other analysts also recently weighed in on HD. Gordon Haskett raised Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 target price for the company in a report on Wednesday, October 2nd. Morgan Stanley upped their price objective on Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Barclays upped their price objective on Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. upped their price objective on Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Finally, Mizuho upped their price objective on Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $426.00.

Home Depot Stock Up 0.6 %

Home Depot stock opened at $408.18 on Friday. Home Depot has a fifty-two week low of $302.34 and a fifty-two week high of $421.56. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.33 and a current ratio of 1.13. The company has a market capitalization of $405.44 billion, a P/E ratio of 27.73, a PEG ratio of 2.83 and a beta of 1.01. The stock has a 50-day simple moving average of $399.51 and a 200-day simple moving average of $366.34.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, beating the consensus estimate of $3.64 by $0.14. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business had revenue of $40.22 billion during the quarter, compared to the consensus estimate of $39.31 billion. During the same period in the previous year, the business earned $3.81 EPS. The business’s quarterly revenue was up 6.6% on a year-over-year basis.

Institutional Investors Weigh In On Home Depot

A number of institutional investors and hedge funds have recently modified their holdings of the company. Fairway Wealth LLC purchased a new stake in Home Depot in the 2nd quarter valued at approximately $25,000. Kings Path Partners LLC purchased a new stake in Home Depot in the 2nd quarter valued at approximately $33,000. Legacy Investment Solutions LLC purchased a new stake in Home Depot in the 3rd quarter valued at approximately $41,000. Livelsberger Financial Advisory purchased a new stake in Home Depot in the 3rd quarter valued at approximately $46,000. Finally, Denver PWM LLC purchased a new stake in Home Depot in the 2nd quarter valued at approximately $40,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Buying and Selling

In related news, EVP Teresa Wynn Roseborough sold 22,084 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $408.91, for a total value of $9,030,368.44. Following the sale, the executive vice president now owns 20,404 shares in the company, valued at $8,343,399.64. This represents a 51.98 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.10% of the company’s stock.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be issued a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend is Wednesday, November 27th. Home Depot’s dividend payout ratio is currently 61.14%.

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.