DA Davidson Issues Positive Outlook for Home Depot Earnings

The Home Depot, Inc. (NYSE:HD) – Investment analysts at DA Davidson raised their FY2025 earnings per share estimates for Home Depot in a report released on Wednesday, November 13th. DA Davidson analyst M. Baker now expects that the home improvement retailer will post earnings of $15.08 per share for the year, up from their previous forecast of $14.99. DA Davidson has a “Buy” rating and a $466.00 price target 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.

Home Depot (NYSE:HD) last announced 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 analysts’ expectations of $39.31 billion. During the same quarter last year, the business posted $3.81 earnings per share. The company’s quarterly revenue was up 6.6% on a year-over-year basis.

Other equities research analysts have also issued reports about the company. Royal Bank of Canada raised their price objective on Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a research note on Monday. Daiwa America upgraded Home Depot to a “hold” rating in a report on Thursday, August 15th. Sanford C. Bernstein assumed coverage on Home Depot in a report on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 price objective on the stock. Wells Fargo & Company boosted their price objective on Home Depot from $400.00 to $430.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Finally, Telsey Advisory Group upgraded Home Depot from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $360.00 to $455.00 in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $426.00.

Home Depot Stock Down 1.1 %

NYSE HD opened at $405.60 on Friday. Home Depot has a 12 month low of $302.34 and a 12 month high of $421.56. The company has a market capitalization of $402.88 billion, a P/E ratio of 27.55, a PEG ratio of 2.83 and a beta of 1.01. The company’s 50 day simple moving average is $397.67 and its 200 day simple moving average is $365.56. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.33.

Institutional Trading of Home Depot

Several institutional investors have recently modified their holdings of the company. WFA Asset Management Corp boosted its stake in Home Depot by 10.7% in the 1st quarter. WFA Asset Management Corp now owns 1,394 shares of the home improvement retailer’s stock valued at $535,000 after buying an additional 135 shares in the last quarter. China Universal Asset Management Co. Ltd. boosted its stake in Home Depot by 5.8% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 11,421 shares of the home improvement retailer’s stock valued at $4,381,000 after buying an additional 623 shares in the last quarter. M&G Plc acquired a new position in Home Depot in the first quarter worth $68,129,000. First Foundation Advisors boosted its stake in Home Depot by 5.0% in the first quarter. First Foundation Advisors now owns 11,278 shares of the home improvement retailer’s stock worth $4,326,000 after purchasing an additional 542 shares in the last quarter. Finally, Councilmark Asset Management LLC acquired a new position in Home Depot in the first quarter worth $6,296,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be issued a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 2.22%. Home Depot’s payout ratio is presently 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.