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

The Home Depot, Inc. (NYSE:HD) – Stock analysts at DA Davidson cut their FY2025 earnings estimates for Home Depot in a research note issued to investors on Tuesday, August 6th. DA Davidson analyst M. Baker now forecasts 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 currently has a “Buy” rating and a $395.00 target price on the stock. The consensus estimate for Home Depot’s current full-year earnings is $15.28 per share.

A number of other analysts have also commented on HD. Citigroup cut their price objective on shares of Home Depot from $415.00 to $395.00 and set a “buy” rating on the stock in a research report on Tuesday, May 7th. Wedbush restated an “outperform” rating and set a $410.00 target price on shares of Home Depot in a report on Friday, May 10th. Jefferies Financial Group assumed coverage on shares of Home Depot in a report on Tuesday, July 16th. They set a “buy” rating and a $426.00 target price on the stock. Stifel Nicolaus boosted their target price on shares of Home Depot from $374.00 to $380.00 and gave the stock a “hold” rating in a report on Monday, July 15th. Finally, UBS Group lowered their target price on shares of Home Depot from $411.00 to $400.00 and set a “buy” rating on the stock in a report on Wednesday, May 15th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and a consensus price target of $384.00.

Home Depot Stock Performance

Shares of HD stock opened at $348.34 on Wednesday. The company’s fifty day simple moving average is $347.89 and its 200-day simple moving average is $353.21. 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 market cap of $345.42 billion, a PE ratio of 23.36, a P/E/G ratio of 2.48 and a beta of 0.98. Home Depot has a 12 month low of $274.26 and a 12 month high of $396.87.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, May 14th. The home improvement retailer reported $3.63 EPS for the quarter, topping analysts’ consensus estimates of $3.61 by $0.02. The business had revenue of $36.42 billion for 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%. The firm’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.82 earnings per share.

Home Depot Announces Dividend

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

Insider Activity

In other news, EVP Matt Carey sold 56,008 shares of the business’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $345.18, for a total value of $19,332,841.44. Following the completion of the sale, the executive vice president now owns 33,325 shares of the company’s stock, valued at $11,503,123.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Home Depot

Institutional investors and hedge funds have recently bought and sold shares of the company. Bare Financial Services Inc bought a new stake in Home Depot during the fourth quarter worth about $26,000. Frank Rimerman Advisors LLC bought a new stake in Home Depot during the fourth quarter worth about $27,000. Keener Financial Planning LLC bought a new stake in Home Depot during the fourth quarter worth about $31,000. Kings Path Partners LLC bought a new position in shares of Home Depot in the second quarter worth about $33,000. Finally, Gilfoyle & Co LLC bought a new position in shares of Home Depot in the fourth quarter worth about $35,000. 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.