Wedbush Has Positive Outlook of Home Depot FY2027 Earnings

The Home Depot, Inc. (NYSE:HD) – Research analysts at Wedbush upped their FY2027 earnings estimates for shares of Home Depot in a research report issued on Tuesday, November 12th. Wedbush analyst S. Basham now anticipates that the home improvement retailer will post earnings of $16.84 per share for the year, up from their prior estimate of $15.60. The consensus estimate for Home Depot’s current full-year earnings is $15.06 per share.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.64 by $0.14. The business had revenue of $40.22 billion for the quarter, compared to analyst estimates of $39.31 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 6.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.81 earnings per share.

Other analysts also recently issued research reports about the stock. Telsey Advisory Group raised shares of Home Depot from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $360.00 to $455.00 in a research report on Friday, November 8th. Daiwa America raised shares of Home Depot to a “hold” rating in a research note on Thursday, August 15th. JPMorgan Chase & Co. increased their price objective on shares of Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Stifel Nicolaus upped their price target on Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a research note on Monday. Finally, Gordon Haskett upgraded Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price objective for the company in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and an average target price of $426.00.

Home Depot Stock Down 1.1 %

Shares of NYSE:HD opened at $405.60 on Friday. Home Depot has a 1 year low of $302.34 and a 1 year high of $421.56. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.33. The business’s 50-day moving average is $397.67 and its 200-day moving average is $365.56. The company has a market capitalization of $402.88 billion, a price-to-earnings ratio of 27.55, a P/E/G ratio of 2.83 and a beta of 1.01.

Institutional Investors Weigh In On Home Depot

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Abacus Wealth Partners LLC grew its position in Home Depot by 3.7% during the 3rd quarter. Abacus Wealth Partners LLC now owns 704 shares of the home improvement retailer’s stock worth $285,000 after purchasing an additional 25 shares during the last quarter. Redhawk Wealth Advisors Inc. lifted its stake in shares of Home Depot by 0.7% during the third quarter. Redhawk Wealth Advisors Inc. now owns 3,624 shares of the home improvement retailer’s stock worth $1,469,000 after buying an additional 25 shares during the period. Capital City Trust Co. FL raised its stake in Home Depot by 1.1% in the 3rd quarter. Capital City Trust Co. FL now owns 2,494 shares of the home improvement retailer’s stock worth $1,011,000 after acquiring an additional 26 shares during the last quarter. Ruedi Wealth Management Inc. raised its stake in Home Depot by 1.2% in the 2nd quarter. Ruedi Wealth Management Inc. now owns 2,372 shares of the home improvement retailer’s stock worth $817,000 after acquiring an additional 27 shares during the last quarter. Finally, Acorn Creek Capital LLC lifted its position in Home Depot by 3.4% during the 2nd quarter. Acorn Creek Capital LLC now owns 845 shares of the home improvement retailer’s stock worth $291,000 after acquiring an additional 28 shares during the period. 70.86% of the stock is currently owned by institutional investors.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be paid a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 2.22%. Home Depot’s payout ratio is presently 61.14%.

Home Depot Company Profile

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.