Telsey Advisory Group Predicts Lower Earnings for Home Depot

The Home Depot, Inc. (NYSE:HD) – Research analysts at Telsey Advisory Group dropped their FY2026 earnings estimates for shares of Home Depot in a research note issued to investors on Wednesday, February 26th. Telsey Advisory Group analyst J. Feldman now forecasts that the home improvement retailer will earn $15.01 per share for the year, down from their previous estimate of $16.02. Telsey Advisory Group has a “Outperform” rating and a $455.00 price target on the stock. The consensus estimate for Home Depot’s current full-year earnings is $15.13 per share.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, topping the consensus estimate of $3.04 by $0.09. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The company had revenue of $39.70 billion for the quarter, compared to the consensus estimate of $39.15 billion. During the same quarter in the prior year, the company earned $2.82 EPS. Home Depot’s quarterly revenue was up 14.1% on a year-over-year basis.

Other equities analysts also recently issued research reports about the stock. Royal Bank of Canada cut their price target on shares of Home Depot from $431.00 to $424.00 and set a “sector perform” rating on the stock in a report on Wednesday. Mizuho boosted their price target on Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. JPMorgan Chase & Co. boosted their price target on Home Depot from $450.00 to $475.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Truist Financial decreased their price target on Home Depot from $467.00 to $437.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Hsbc Global Res raised Home Depot from a “moderate sell” rating to a “hold” rating in a report on Wednesday. Nine equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $436.50.

Home Depot Price Performance

Shares of NYSE:HD opened at $396.69 on Friday. Home Depot has a twelve month low of $323.77 and a twelve month high of $439.37. The company’s 50 day moving average is $401.36 and its 200 day moving average is $399.06. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The company has a market cap of $394.06 billion, a PE ratio of 26.95, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05.

Home Depot Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be issued a dividend of $2.30 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.32%. This is a boost from Home Depot’s previous quarterly dividend of $2.25. Home Depot’s dividend payout ratio is presently 61.66%.

Hedge Funds Weigh In On Home Depot

A number of hedge funds have recently made changes to their positions in the company. K.J. Harrison & Partners Inc raised its holdings in shares of Home Depot by 65.2% during the 4th quarter. K.J. Harrison & Partners Inc now owns 9,100 shares of the home improvement retailer’s stock worth $3,535,000 after acquiring an additional 3,590 shares during the period. Pensionfund Sabic raised its stake in Home Depot by 51.4% during the fourth quarter. Pensionfund Sabic now owns 11,200 shares of the home improvement retailer’s stock worth $4,357,000 after purchasing an additional 3,800 shares during the period. Swedbank AB boosted its holdings in Home Depot by 17.1% in the 3rd quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer’s stock valued at $368,542,000 after purchasing an additional 132,967 shares during the last quarter. Wedmont Private Capital boosted its holdings in Home Depot by 12.5% in the 4th quarter. Wedmont Private Capital now owns 13,569 shares of the home improvement retailer’s stock valued at $5,291,000 after purchasing an additional 1,506 shares during the last quarter. Finally, Johnson & White Wealth Management LLC purchased a new stake in shares of Home Depot in the 4th quarter valued at approximately $1,793,000. Institutional investors and hedge funds 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.