Home Depot (NYSE:HD) Updates FY 2025 Earnings Guidance

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Home Depot (NYSE:HD - Get Free Report) updated its FY 2025 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 14.940-14.940 for the period, compared to the consensus estimate of 15.001. The company issued revenue guidance of $164.0 billion-$164.0 billion, compared to the consensus revenue estimate of $164.3 billion.

Home Depot Stock Down 1.2%

Shares of HD opened at $394.68 on Tuesday. Home Depot has a 52 week low of $326.31 and a 52 week high of $439.37. The company has a quick ratio of 0.28, a current ratio of 1.09 and a debt-to-equity ratio of 5.95. The company has a market capitalization of $392.68 billion, a price-to-earnings ratio of 26.78, a PEG ratio of 3.80 and a beta of 1.00. The stock's 50-day moving average price is $371.05 and its 200-day moving average price is $371.19.

Home Depot (NYSE:HD - Get Free Report) last issued 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). The business had revenue of $39.86 billion for the quarter, compared to analysts' expectations of $39.24 billion. Home Depot had a return on equity of 242.51% and a net margin of 8.98%. The business's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.63 EPS. On average, sell-side analysts predict that Home Depot will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were issued a dividend of $2.30 per share. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.3%. Home Depot's dividend payout ratio is presently 62.42%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $398.00 price target (up previously from $380.00) on shares of Home Depot in a report on Wednesday, May 21st. TD Securities cut Home Depot to a "buy" rating in a research note on Monday, June 2nd. Mizuho cut their target price on Home Depot from $450.00 to $435.00 and set an "outperform" rating for the company in a research note on Wednesday, May 21st. Guggenheim reissued a "buy" rating and set a $450.00 target price on shares of Home Depot in a research note on Wednesday, May 21st. Finally, Morgan Stanley reaffirmed an "overweight" rating and issued a $415.00 price objective (up from $410.00) on shares of Home Depot in a research note on Tuesday, May 20th. Six research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $427.76.

Insider Buying and Selling

In related news, EVP Fahim Siddiqui sold 2,600 shares of the firm's 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 transaction, the executive vice president owned 7,951 shares of the company's stock, 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 SEC, which is accessible through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of Home Depot stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $369.28, for a total transaction of $1,996,327.68. Following the sale, the executive vice president directly owned 17,367 shares of the company's stock, valued at $6,413,285.76. This trade represents a 23.74% decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of HD. California State Teachers Retirement System increased its holdings in shares of Home Depot by 0.3% during the 2nd quarter. California State Teachers Retirement System now owns 1,554,931 shares of the home improvement retailer's stock worth $570,100,000 after purchasing an additional 4,490 shares during the period. Lazard Asset Management LLC increased its stake in Home Depot by 16.1% in the second quarter. Lazard Asset Management LLC now owns 1,220,640 shares of the home improvement retailer's stock valued at $447,535,000 after acquiring an additional 168,889 shares during the period. AQR Capital Management LLC boosted its position in Home Depot by 99.3% in the second quarter. AQR Capital Management LLC now owns 432,457 shares of the home improvement retailer's stock valued at $158,556,000 after buying an additional 215,497 shares in the last quarter. MML Investors Services LLC boosted its position in Home Depot by 1.8% in the second quarter. MML Investors Services LLC now owns 303,889 shares of the home improvement retailer's stock valued at $111,418,000 after buying an additional 5,314 shares in the last quarter. Finally, Rafferty Asset Management LLC boosted its position in Home Depot by 18.9% in the second quarter. Rafferty Asset Management LLC now owns 111,679 shares of the home improvement retailer's stock valued at $40,946,000 after buying an additional 17,749 shares in the last quarter. 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.

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