Research Analysts Issue Forecasts for Home Depot Q2 Earnings

The Home Depot, Inc. (NYSE:HD) – Investment analysts at Zacks Research lifted their Q2 2026 earnings per share (EPS) estimates for shares of Home Depot in a report released on Tuesday, June 3rd. Zacks Research analyst R. Lohia now anticipates that the home improvement retailer will post earnings per share of $4.71 for the quarter, up from their previous estimate of $4.67. 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 Q3 2026 earnings at $3.90 EPS and Q1 2027 earnings at $3.90 EPS.

Other equities research analysts have also issued reports about the stock. Gordon Haskett increased their target price on shares of Home Depot from $350.00 to $360.00 in a research note on Tuesday, May 20th. Truist Financial increased their target price on shares of Home Depot from $393.00 to $417.00 and gave the stock a “buy” rating in a research note on Tuesday, May 20th. Wells Fargo & Company lowered their target price on shares of Home Depot from $445.00 to $420.00 and set an “overweight” rating on the stock in a research note on Thursday, May 8th. KGI Securities raised shares of Home Depot to a “strong-buy” rating in a research note on Monday, March 3rd. Finally, Piper Sandler lowered their target price on shares of Home Depot from $435.00 to $418.00 and set an “overweight” rating on the stock in a research note on Monday, March 24th. Seven research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus target price of $426.77.

Home Depot Trading Down 0.5%

HD stock opened at $367.45 on Friday. The company’s 50-day simple moving average is $361.63 and its 200-day simple moving average is $384.72. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. Home Depot has a 52-week low of $323.93 and a 52-week high of $439.37. The firm has a market cap of $365.59 billion, a P/E ratio of 24.96, a PEG ratio of 4.03 and a beta of 1.05.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share for the quarter, missing the consensus estimate of $3.59 by ($0.03). Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company had revenue of $39.86 billion for the quarter, compared to analyst estimates of $39.24 billion. During the same period in the prior year, the business posted $3.63 earnings per share. Home Depot’s revenue for the quarter was up 9.4% on a year-over-year basis.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th will be issued a dividend of $2.30 per share. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.50%. Home Depot’s dividend payout ratio is currently 62.42%.

Insider Transactions at Home Depot

In related news, EVP Fahim Siddiqui sold 2,600 shares of Home Depot stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total value of $954,564.00. Following the completion of the sale, the executive vice president now owns 7,951 shares in the company, valued at approximately $2,919,130.14. This trade represents a 24.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the business’s stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total transaction of $1,996,327.68. Following the completion of the transaction, the executive vice president now owns 17,367 shares of the company’s stock, valued at approximately $6,413,285.76. This trade represents a 23.74% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Hedge Funds Weigh In On Home Depot

Institutional investors and hedge funds have recently modified their holdings of the company. Wingate Wealth Advisors Inc. acquired a new position in shares of Home Depot during the fourth quarter worth $28,000. Navigoe LLC purchased a new stake in Home Depot in the fourth quarter valued at $29,000. Abound Financial LLC purchased a new stake in Home Depot in the first quarter valued at $31,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in Home Depot in the fourth quarter valued at $32,000. Finally, Iron Horse Wealth Management LLC lifted its position in Home Depot by 86.8% in the first quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer’s stock valued at $36,000 after acquiring an additional 46 shares during the last quarter. Institutional investors and hedge funds 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.