Q4 Earnings Forecast for Home Depot Issued By Zacks Research

The Home Depot, Inc. (NYSE:HD - Free Report) - Analysts at Zacks Research reduced their Q4 2026 earnings estimates for shares of Home Depot in a research report issued to clients and investors on Tuesday, June 3rd. Zacks Research analyst R. Lohia now forecasts that the home improvement retailer will post earnings of $2.77 per share for the quarter, down from their previous estimate of $2.86. 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 Q2 2027 earnings at $5.11 EPS, Q3 2027 earnings at $4.18 EPS, Q4 2027 earnings at $3.07 EPS, FY2027 earnings at $16.26 EPS, Q1 2028 earnings at $4.23 EPS and FY2028 earnings at $17.35 EPS.

HD has been the subject of a number of other reports. Royal Bank of Canada lowered their price target on Home Depot from $424.00 to $399.00 and set a "sector perform" rating for the company in a research note on Thursday, May 15th. Robert W. Baird lowered their price target on Home Depot from $430.00 to $425.00 and set an "outperform" rating for the company in a research note on Wednesday, May 21st. KGI Securities raised Home Depot to a "strong-buy" rating in a research note on Monday, March 3rd. Guggenheim reaffirmed a "buy" rating and issued a $450.00 price target on shares of Home Depot in a research note on Wednesday, May 21st. Finally, Truist Financial upped their price target on Home Depot from $393.00 to $417.00 and gave the company a "buy" rating in a research note on Tuesday, May 20th. Seven research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Home Depot currently has a consensus rating of "Moderate Buy" and an average price target of $426.77.

Home Depot Trading Down 0.5%

Shares of HD stock traded down $1.83 on Thursday, reaching $367.45. The company had a trading volume of 2,347,724 shares, compared to its average volume of 3,412,813. 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 stock has a market cap of $365.59 billion, a PE ratio of 24.96, a PEG ratio of 4.03 and a beta of 1.02. The company has a 50-day moving average of $361.63 and a 200-day moving average of $384.44. Home Depot has a 12 month low of $326.31 and a 12 month high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings data 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). The firm had revenue of $39.86 billion for the quarter, compared to the consensus estimate of $39.24 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.63 earnings per share.

Home Depot Dividend Announcement

The business also recently disclosed 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 2.50%. The ex-dividend date is Thursday, June 5th. Home Depot's payout ratio is presently 62.42%.

Insider Activity

In other news, EVP Teresa Wynn Roseborough sold 5,406 shares of the stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total value of $1,996,327.68. Following the completion of the sale, the executive vice president now owns 17,367 shares of the company's stock, valued at approximately $6,413,285.76. This represents a 23.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Fahim Siddiqui sold 2,600 shares of the 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 directly owns 7,951 shares of the company's stock, valued at approximately $2,919,130.14. The trade was a 24.64% decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Home Depot

Hedge funds have recently added to or reduced their stakes in the business. Wingate Wealth Advisors Inc. acquired a new stake in Home Depot during the 4th quarter valued at $28,000. Navigoe LLC acquired a new stake in Home Depot during the 4th quarter valued at $29,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in Home Depot during the 4th quarter valued at $32,000. Abound Financial LLC acquired a new stake in Home Depot during the 1st quarter valued at $31,000. Finally, Quarry LP lifted its holdings in Home Depot by 220.0% during the 4th quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock valued at $37,000 after purchasing an additional 66 shares during the last quarter. Institutional investors and hedge funds 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.