Home Depot (NYSE:HD) Releases Quarterly Earnings Results, Beats Expectations By $0.19 EPS

Home Depot (NYSE:HD) announced its quarterly earnings results on Tuesday. The home improvement retailer reported $4.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.73 by $0.19, FiscalAI reports. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The firm had revenue of $47.86 billion during the quarter, compared to analyst estimates of $47.24 billion.

Home Depot Stock Down 0.1%

Shares of Home Depot stock opened at $338.44 on Tuesday. The company has a quick ratio of 0.28, a current ratio of 1.04 and a debt-to-equity ratio of 3.23. The company has a market cap of $337.47 billion, a P/E ratio of 24.04, a PEG ratio of 4.08 and a beta of 0.95. The firm’s 50 day moving average price is $339.74 and its 200-day moving average price is $341.23. Home Depot has a 52-week low of $289.10 and a 52-week high of $426.75.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were given a $2.33 dividend. 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 payout ratio is presently 66.19%.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Guggenheim restated a “buy” rating and set a $425.00 price objective on shares of Home Depot in a report on Monday, July 20th. The Goldman Sachs Group cut their price target on Home Depot from $409.00 to $390.00 and set a “buy” rating on the stock in a research note on Wednesday, May 20th. Mizuho decreased their price objective on Home Depot from $415.00 to $385.00 and set an “outperform” rating for the company in a report on Wednesday, May 20th. Wells Fargo & Company upped their price objective on shares of Home Depot from $360.00 to $400.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 11th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Home Depot from $423.00 to $396.00 and set an “overweight” rating on the stock in a report on Wednesday, May 20th. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and an average target price of $373.89.

Institutional Trading of Home Depot

Institutional investors have recently made changes to their positions in the business. Wellington Management Group LLP increased its position in Home Depot by 60.8% during the 3rd quarter. Wellington Management Group LLP now owns 10,143,089 shares of the home improvement retailer’s stock valued at $4,109,878,000 after buying an additional 3,836,051 shares in the last quarter. J. Stern & Co. LLP grew its stake in shares of Home Depot by 14,869.3% during the fourth quarter. J. Stern & Co. LLP now owns 2,232,521 shares of the home improvement retailer’s stock worth $768,210,000 after acquiring an additional 2,217,607 shares during the last quarter. Amundi increased its holdings in shares of Home Depot by 23.5% during the fourth quarter. Amundi now owns 6,718,133 shares of the home improvement retailer’s stock valued at $2,311,710,000 after acquiring an additional 1,279,867 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Home Depot by 7.8% in the 4th 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 purchasing an additional 1,113,114 shares during the last quarter. Finally, Bank of America Corp DE raised its position in shares of Home Depot by 5.6% in the 4th quarter. Bank of America Corp DE now owns 16,063,532 shares of the home improvement retailer’s stock valued at $5,527,461,000 after purchasing an additional 851,029 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Key Stories Impacting Home Depot

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

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.