Wedbush Brokers Reduce Earnings Estimates for Home Depot

The Home Depot, Inc. (NYSE:HD) – Equities research analysts at Wedbush decreased their Q1 2026 earnings per share (EPS) estimates for Home Depot in a note issued to investors on Tuesday, February 25th. Wedbush analyst S. Basham now anticipates that the home improvement retailer will post earnings per share of $3.44 for the quarter, down from their previous forecast of $3.56. Wedbush has a “Outperform” rating and a $440.00 price target on the stock. The consensus estimate for Home Depot’s current full-year earnings is $15.13 per share. Wedbush also issued estimates for Home Depot’s Q2 2026 earnings at $4.50 EPS, Q3 2026 earnings at $3.81 EPS and FY2028 earnings at $17.69 EPS.

HD has been the topic of a number of other reports. Guggenheim reaffirmed a “buy” rating and set a $450.00 price target on shares of Home Depot in a research note on Wednesday. Telsey Advisory Group reaffirmed an “outperform” rating and set a $455.00 target price on shares of Home Depot in a research report on Wednesday. Hsbc Global Res raised shares of Home Depot from a “moderate sell” rating to a “hold” rating in a research report on Wednesday. Bank of America upped their price objective on shares of Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Finally, Truist Financial dropped their price objective on shares of Home Depot from $467.00 to $437.00 and set a “buy” rating on the stock in a research note on Wednesday. Nine investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $436.50.

Home Depot Price Performance

Shares of NYSE HD opened at $390.44 on Thursday. The firm has a market capitalization of $387.85 billion, a P/E ratio of 26.52, a P/E/G ratio of 4.03 and a beta of 1.05. The firm’s 50-day moving average price is $401.27 and its 200-day moving average price is $398.37. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. Home Depot has a 1-year low of $323.77 and a 1-year high of $439.37.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, beating the consensus estimate of $3.04 by $0.09. The company had revenue of $39.70 billion during the quarter, compared to analyst estimates of $39.15 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. Home Depot’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.82 EPS.

Home Depot Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be given a dividend of $2.30 per share. This is an increase from Home Depot’s previous quarterly dividend of $2.25. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend is Thursday, March 13th. Home Depot’s dividend payout ratio is currently 61.14%.

Institutional Investors Weigh In On Home Depot

A number of hedge funds have recently modified their holdings of HD. Fidelity D & D Bancorp Inc. raised its stake in shares of Home Depot by 18.3% in the fourth quarter. Fidelity D & D Bancorp Inc. now owns 1,127 shares of the home improvement retailer’s stock valued at $438,000 after buying an additional 174 shares during the period. Brucke Financial Inc. bought a new position in shares of Home Depot during the 4th quarter worth $1,255,000. ABLE Financial Group LLC increased its holdings in Home Depot by 16.0% in the 4th quarter. ABLE Financial Group LLC now owns 6,575 shares of the home improvement retailer’s stock worth $2,558,000 after acquiring an additional 908 shares during the last quarter. Bernard Wealth Management Corp. bought a new stake in Home Depot in the 4th quarter valued at about $1,904,000. Finally, XY Planning Network Inc. purchased a new stake in Home Depot during the fourth quarter valued at about $373,000. 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.