Home Depot (NYSE:HD) Issues FY 2026 Earnings Guidance

Home Depot (NYSE:HD) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 14.690-15.278 for the period, compared to the consensus estimate of 15.050. The company issued revenue guidance of $168.8 billion-$172.1 billion, compared to the consensus revenue estimate of $171.2 billion.

Home Depot Stock Performance

HD stock opened at $338.44 on Tuesday. Home Depot has a one year low of $289.10 and a one year high of $426.75. The firm has a market cap of $337.47 billion, a price-to-earnings ratio of 24.04, a PEG ratio of 4.08 and a beta of 0.95. The company has a debt-to-equity ratio of 3.23, a quick ratio of 0.28 and a current ratio of 1.04. The firm has a 50-day simple moving average of $339.74 and a two-hundred day simple moving average of $341.23.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.73 by $0.19. The firm had revenue of $47.86 billion for the quarter, compared to the consensus estimate of $47.24 billion. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, equities analysts forecast that Home Depot will post 15 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were given a dividend of $2.33 per share. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.8%. Home Depot’s dividend payout ratio is presently 66.19%.

Analyst Upgrades and Downgrades

HD has been the subject of several analyst reports. Stifel Nicolaus increased their price objective on Home Depot from $320.00 to $340.00 and gave the company a “hold” rating in a report on Monday. The Goldman Sachs Group reduced their target price on Home Depot from $409.00 to $390.00 and set a “buy” rating on the stock in a research report on Wednesday, May 20th. DA Davidson reiterated a “buy” rating and issued a $377.00 price target on shares of Home Depot in a research note on Monday, July 27th. Truist Financial lowered their price target on Home Depot from $394.00 to $369.00 and set a “buy” rating for the company in a report on Tuesday, May 19th. Finally, Royal Bank Of Canada boosted their price target on Home Depot from $340.00 to $343.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 12th. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $373.89.

Home Depot News Roundup

Here are the key news stories impacting Home Depot this week:

• Positive Sentiment: Adjusted earnings per share of $4.92 exceeded the $4.73 analyst consensus, while revenue rose 5.7% year over year to $47.86 billion, ahead of the $47.24 billion estimate. The results indicate that resilient repair and maintenance demand is offsetting sluggish home sales and remodeling activity. Home Depot Stock Rises as Earnings Defy Housing Slump
• Positive Sentiment: Comparable sales increased 1.7% overall and 1.3% in the United States. Average ticket growth of 2.8% helped offset a 1.0% decline in comparable customer transactions, suggesting customers are making fewer but larger purchases. The Home Depot Announces Second Quarter Fiscal 2026 Results
• Positive Sentiment: Management reaffirmed fiscal 2026 guidance for total sales growth of approximately 2.5% to 4.5% and comparable-sales growth ranging from flat to 2.0%, reducing the risk of a near-term outlook reset. Home Depot Reaffirms Guidance

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of HD. State Street Corp lifted its holdings in shares of Home Depot by 1.8% during the fourth quarter. State Street Corp now owns 46,925,342 shares of the home improvement retailer’s stock worth $16,147,010,000 after purchasing an additional 825,164 shares during the period. Bank of America Corp DE grew its stake in shares of Home Depot by 5.6% during the 4th quarter. Bank of America Corp DE now owns 16,063,532 shares of the home improvement retailer’s stock worth $5,527,461,000 after purchasing an additional 851,029 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Home Depot by 7.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 15,471,132 shares of the home improvement retailer’s stock valued at $5,323,620,000 after buying an additional 1,113,114 shares in the last quarter. Wellington Management Group LLP raised its holdings in Home Depot by 5.7% in the 4th quarter. Wellington Management Group LLP now owns 10,721,582 shares of the home improvement retailer’s stock worth $3,689,296,000 after purchasing an additional 578,493 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Home Depot by 2.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,616,042 shares of the home improvement retailer’s stock valued at $3,652,981,000 after buying an additional 213,060 shares in the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

About Home Depot

The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.