DA Davidson Analysts Lift Earnings Estimates for Home Depot

The Home Depot, Inc. (NYSE:HD) – Equities researchers at DA Davidson raised their FY2025 EPS estimates for shares of Home Depot in a research report issued to clients and investors on Wednesday, November 13th. DA Davidson analyst M. Baker now anticipates that the home improvement retailer will post earnings of $15.08 per share for the year, up from their previous estimate of $14.99. DA Davidson currently has a “Buy” rating and a $466.00 target price on the stock. The consensus estimate for Home Depot’s current full-year earnings is $15.06 per share. DA Davidson also issued estimates for Home Depot’s FY2026 earnings at $16.02 EPS.

Other equities analysts have also recently issued reports about the stock. Oppenheimer boosted their target price on shares of Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a research note on Tuesday, September 24th. Stifel Nicolaus upped their price objective on shares of Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a research report on Monday. Morgan Stanley upped their price objective on shares of Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Barclays upped their price objective on shares of Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Finally, Loop Capital raised shares of Home Depot from a “hold” rating to a “buy” rating and upped their target price for the stock from $360.00 to $460.00 in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $426.00.

Home Depot Stock Performance

Shares of NYSE HD opened at $405.60 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.33 and a debt-to-equity ratio of 8.65. Home Depot has a 12 month low of $302.34 and a 12 month high of $421.56. The company has a 50 day simple moving average of $397.67 and a two-hundred day simple moving average of $365.56. The stock has a market cap of $402.88 billion, a price-to-earnings ratio of 27.55, a PEG ratio of 2.83 and a beta of 1.01.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, topping the consensus estimate of $3.64 by $0.14. The company had revenue of $40.22 billion for the quarter, compared to the consensus estimate 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 was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.81 EPS.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.22%. Home Depot’s dividend payout ratio (DPR) is presently 61.14%.

Hedge Funds Weigh In On Home Depot

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Fairway Wealth LLC acquired a new position in shares of Home Depot in the 2nd quarter valued at approximately $25,000. Kings Path Partners LLC acquired a new stake in shares of Home Depot during the 2nd quarter valued at approximately $33,000. Livelsberger Financial Advisory acquired a new stake in shares of Home Depot during the 3rd quarter valued at approximately $46,000. Denver PWM LLC bought a new position in Home Depot during the 2nd quarter worth $40,000. Finally, Abich Financial Wealth Management LLC grew its stake in Home Depot by 68.0% during the 1st quarter. Abich Financial Wealth Management LLC now owns 126 shares of the home improvement retailer’s stock worth $48,000 after buying an additional 51 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

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.