Home Depot Q2 EPS Forecast Lowered by Telsey Advisory Group

Key Points

• Home Depot's Q2 2026 earnings per share (EPS) estimate has been reduced from $4.69 to $4.68 by analysts at Telsey Advisory Group, while the current full-year earnings consensus is $15.13 per share.
• While several analysts have updated their price targets for Home Depot, the consensus rating remains a "Moderate Buy" with a target price of $427.76.
• In the most recent quarter, Home Depot reported earnings of $4.68 per share, narrowly missing the expected $4.69, with revenues also falling short of estimates at $45.28 billion.

The Home Depot, Inc. (NYSE:HD - Free Report) - Stock analysts at Telsey Advisory Group lowered their Q2 2026 earnings per share (EPS) estimates for Home Depot in a research note issued to investors on Tuesday, August 19th. Telsey Advisory Group analyst J. Feldman now anticipates that the home improvement retailer will post earnings of $4.68 per share for the quarter, down from their prior estimate of $4.69. Telsey Advisory Group currently has a "Outperform" rating and a $455.00 price target on the stock. The consensus estimate for Home Depot's current full-year earnings is $15.13 per share.

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

A number of other equities research analysts also recently commented on the company. Wells Fargo & Company boosted their target price on Home Depot from $420.00 to $450.00 and gave the stock an "overweight" rating in a research report on Wednesday. Evercore ISI set a $400.00 target price on Home Depot and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. TD Securities downgraded Home Depot to a "buy" rating in a research report on Monday, June 2nd. Stifel Nicolaus boosted their target price on Home Depot from $425.00 to $432.00 and gave the stock a "buy" rating in a research report on Monday. Finally, Gordon Haskett upped their price objective on Home Depot from $350.00 to $360.00 in a research report on Tuesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $432.52.

Home Depot Price Performance

Shares of NYSE:HD traded up $15.2960 during mid-day trading on Wednesday, reaching $412.9960. The stock had a trading volume of 5,283,627 shares, compared to its average volume of 3,454,809. The company has a current ratio of 1.15, a quick ratio of 0.28 and a debt-to-equity ratio of 4.31. The company has a market cap of $410.90 billion, a P/E ratio of 28.06, a price-to-earnings-growth ratio of 3.77 and a beta of 1.00. Home Depot has a 1 year low of $326.31 and a 1 year high of $439.37. The business's 50 day moving average price is $374.52 and its 200 day moving average price is $371.57.

Home Depot Dividend Announcement

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

Insiders Place Their Bets

In other Home Depot news, CFO Richard V. Mcphail sold 3,369 shares of the stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $403.66, for a total transaction of $1,359,930.54. Following the sale, the chief financial officer owned 45,455 shares of the company's stock, valued at approximately $18,348,365.30. This trade represents a 6.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Angie Brown sold 1,000 shares of the stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total value of $404,070.00. Following the sale, the executive vice president directly owned 3,837 shares in the company, valued at $1,550,416.59. This trade represents a 20.67% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 42,672 shares of company stock valued at $16,827,675. Corporate insiders own 0.10% of the company's stock.

Institutional Trading of Home Depot

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Financial Gravity Asset Management Inc. purchased a new stake in shares of Home Depot during the 1st quarter valued at $406,000. Wealth Management Partners LLC raised its stake in shares of Home Depot by 0.6% during the 1st quarter. Wealth Management Partners LLC now owns 6,506 shares of the home improvement retailer's stock valued at $2,384,000 after buying an additional 36 shares during the last quarter. Arbor Capital Management Inc. ADV raised its stake in shares of Home Depot by 4.8% during the 1st quarter. Arbor Capital Management Inc. ADV now owns 4,784 shares of the home improvement retailer's stock valued at $1,757,000 after buying an additional 221 shares during the last quarter. ARS Wealth Advisors Group LLC raised its stake in shares of Home Depot by 0.8% during the 1st quarter. ARS Wealth Advisors Group LLC now owns 31,728 shares of the home improvement retailer's stock valued at $11,628,000 after buying an additional 239 shares during the last quarter. Finally, Tabor Asset Management LP acquired a new stake in shares of Home Depot during the 1st quarter valued at about $5,886,000. 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.