Equities Analysts Issue Forecasts for Home Depot Q3 Earnings

The Home Depot, Inc. (NYSE:HD) – Stock analysts at Zacks Research lowered their Q3 2026 earnings per share estimates for shares of Home Depot in a research note issued to investors on Tuesday, September 2nd. Zacks Research analyst Team now forecasts that the home improvement retailer will post earnings of $3.84 per share for the quarter, down from their prior forecast of $3.90. The consensus estimate for Home Depot’s current full-year earnings is $15.13 per share. Zacks Research also issued estimates for Home Depot’s Q4 2026 earnings at $2.88 EPS, Q1 2027 earnings at $3.87 EPS, Q2 2027 earnings at $5.01 EPS, Q3 2027 earnings at $4.20 EPS, Q4 2027 earnings at $3.23 EPS, FY2027 earnings at $16.31 EPS and FY2028 earnings at $17.74 EPS.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.69 by ($0.01). Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The business had revenue of $45.28 billion for the quarter, compared to analysts’ expectations of $45.43 billion. During the same quarter in the prior year, the firm earned $4.60 EPS. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS.

HD has been the topic of a number of other research reports. Stifel Nicolaus boosted their price target on Home Depot from $425.00 to $432.00 and gave the company a “buy” rating in a report on Monday, August 18th. Royal Bank Of Canada reduced their target price on Home Depot from $424.00 to $399.00 and set a “sector perform” rating on the stock in a report on Thursday, May 15th. Truist Financial upped their target price on Home Depot from $417.00 to $433.00 and gave the stock a “buy” rating in a report on Wednesday, August 13th. Jefferies Financial Group reduced their target price on Home Depot from $461.00 to $456.00 in a report on Tuesday, May 20th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and set a $398.00 target price (up previously from $380.00) on shares of Home Depot in a report on Wednesday, May 21st. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and an average target price of $432.52.

Home Depot Stock Up 1.7%

Shares of NYSE:HD opened at $418.70 on Thursday. Home Depot has a 1 year low of $326.31 and a 1 year high of $439.37. The company has a market cap of $416.77 billion, a PE ratio of 28.44, a P/E/G ratio of 3.90 and a beta of 1.00. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.34. The stock’s 50-day moving average is $385.21 and its 200 day moving average is $371.46.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be paid a $2.30 dividend. The ex-dividend date is Thursday, September 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.2%. Home Depot’s dividend payout ratio is presently 62.50%.

Insider Buying and Selling

In related news, EVP Teresa Wynn Roseborough sold 5,483 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $413.23, for a total value of $2,265,740.09. Following the sale, the executive vice president owned 16,057 shares in the company, valued at $6,635,234.11. This represents a 25.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Angie Brown sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $404.07, for a total value of $404,070.00. Following the completion of the sale, the executive vice president owned 3,837 shares in the company, valued at $1,550,416.59. The trade was a 20.67% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 46,532 shares of company stock worth $18,648,987 over the last three months. Corporate insiders own 0.10% of the company’s stock.

Institutional Trading of Home Depot

Several hedge funds and other institutional investors have recently made changes to their positions in HD. Centerpoint Advisory Group grew its holdings in shares of Home Depot by 0.8% during the second quarter. Centerpoint Advisory Group now owns 3,163 shares of the home improvement retailer’s stock valued at $1,160,000 after buying an additional 26 shares during the last quarter. Disciplined Investors L.L.C. grew its holdings in shares of Home Depot by 2.3% during the second quarter. Disciplined Investors L.L.C. now owns 1,178 shares of the home improvement retailer’s stock valued at $432,000 after buying an additional 26 shares during the last quarter. Brio Consultants LLC grew its holdings in shares of Home Depot by 4.7% during the second quarter. Brio Consultants LLC now owns 574 shares of the home improvement retailer’s stock valued at $210,000 after buying an additional 26 shares during the last quarter. Client 1ST Advisory Group LLC grew its holdings in shares of Home Depot by 1.5% during the first quarter. Client 1ST Advisory Group LLC now owns 1,878 shares of the home improvement retailer’s stock valued at $688,000 after buying an additional 27 shares during the last quarter. Finally, BWM Planning LLC grew its holdings in shares of Home Depot by 0.7% during the second quarter. BWM Planning LLC now owns 4,105 shares of the home improvement retailer’s stock valued at $1,505,000 after buying an additional 27 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

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.