Home Depot Q2 EPS Forecast Boosted by Telsey Advisory Group

The Home Depot, Inc. (NYSE:HD - Free Report) - Stock analysts at Telsey Advisory Group boosted their Q2 2026 earnings estimates for Home Depot in a research note issued to investors on Wednesday, May 21st. Telsey Advisory Group analyst J. Feldman now expects that the home improvement retailer will earn $4.69 per share for the quarter, up from their prior estimate of $4.68. Telsey Advisory Group currently has a "Outperform" rating and a $455.00 target price on the stock. The consensus estimate for Home Depot's current full-year earnings is $15.13 per share. Telsey Advisory Group also issued estimates for Home Depot's Q3 2026 earnings at $3.86 EPS, Q4 2026 earnings at $2.89 EPS, Q1 2027 earnings at $3.94 EPS, Q2 2027 earnings at $5.14 EPS, Q3 2027 earnings at $4.25 EPS and Q4 2027 earnings at $3.17 EPS.

A number of other equities research analysts also recently issued reports on the stock. Royal Bank of Canada lowered their price target on shares of Home Depot from $424.00 to $399.00 and set a "sector perform" rating on the stock in a report on Thursday, May 15th. Mizuho lowered their price target on shares of Home Depot from $450.00 to $435.00 and set an "outperform" rating on the stock in a report on Wednesday, May 21st. Guggenheim reaffirmed a "buy" rating and issued a $450.00 target price on shares of Home Depot in a research note on Wednesday, May 21st. TD Securities reaffirmed a "buy" rating and issued a $470.00 target price on shares of Home Depot in a research note on Wednesday, May 21st. Finally, Robert W. Baird lowered their target price on shares of Home Depot from $430.00 to $425.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 21st. Seven research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $426.77.

Home Depot Price Performance

Shares of Home Depot stock traded up $6.79 on Thursday, reaching $369.50. The stock had a trading volume of 1,893,888 shares, compared to its average volume of 3,425,727. Home Depot has a 1 year low of $323.77 and a 1 year high of $439.37. The company has a market cap of $367.30 billion, a P/E ratio of 25.06, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05. 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 business's 50 day moving average is $360.09 and its two-hundred day moving average is $386.81.

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

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th will be issued a $2.30 dividend. This represents a $9.20 annualized dividend and a dividend yield of 2.49%. The ex-dividend date is Thursday, June 5th. Home Depot's dividend payout ratio is 62.42%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Synergy Asset Management LLC bought a new position in shares of Home Depot in the fourth quarter worth approximately $26,000. Wingate Wealth Advisors Inc. bought a new stake in Home Depot in the fourth quarter valued at $28,000. Navigoe LLC bought a new stake in Home Depot in the fourth quarter valued at $29,000. Bradley & Co. Private Wealth Management LLC bought a new stake in Home Depot in the fourth quarter valued at $32,000. Finally, Abound Financial LLC bought a new stake in Home Depot in the first quarter valued at $31,000. Institutional investors 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.