What is DA Davidson’s Forecast for Home Depot Q2 Earnings?

The Home Depot, Inc. (NYSE:HD) – DA Davidson issued their Q2 2026 earnings per share (EPS) estimates for shares of Home Depot in a report issued on Wednesday, May 21st. DA Davidson analyst M. Baker expects that the home improvement retailer will post earnings per share of $4.59 for the quarter. The consensus estimate for Home Depot’s current full-year earnings is $15.13 per share. DA Davidson also issued estimates for Home Depot’s FY2027 earnings at $16.83 EPS.

Several other analysts also recently commented on HD. Robert W. Baird cut their target price on Home Depot from $430.00 to $425.00 and set an “outperform” rating on the stock in a research note on Wednesday. Jefferies Financial Group dropped their price target on Home Depot from $461.00 to $456.00 in a research note on Tuesday. KGI Securities upgraded Home Depot to a “strong-buy” rating in a research note on Monday, March 3rd. Guggenheim restated a “buy” rating and issued a $450.00 price target on shares of Home Depot in a research note on Wednesday. Finally, Royal Bank of Canada dropped their price target on Home Depot from $424.00 to $399.00 and set a “sector perform” rating on the stock in a research note on Thursday, May 15th. Eight equities 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’s stock. Based on data from MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and an average target price of $427.92.

Home Depot Stock Performance

Shares of HD opened at $365.95 on Thursday. The business’s fifty day simple moving average is $359.62 and its two-hundred day simple moving average is $387.46. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. Home Depot has a 12 month low of $323.77 and a 12 month high of $439.37. The company has a market cap of $363.77 billion, a price-to-earnings ratio of 24.86, a P/E/G ratio of 4.03 and a beta of 1.05.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS for the quarter, missing the consensus estimate of $3.59 by ($0.03). Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business had revenue of $39.86 billion for the quarter, compared to analysts’ expectations of $39.24 billion. During the same quarter in the prior year, the business posted $3.63 earnings per share. The business’s revenue for the quarter was up 9.4% on a year-over-year basis.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th will be issued a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a yield of 2.51%. Home Depot’s dividend payout ratio is presently 62.42%.

Institutional Investors Weigh In On Home Depot

A number of institutional investors and hedge funds have recently bought and sold shares of HD. Synergy Asset Management LLC bought a new stake in Home Depot during the fourth quarter valued at about $26,000. Wingate Wealth Advisors Inc. bought a new stake in Home Depot during the fourth quarter valued at about $28,000. Navigoe LLC bought a new stake in Home Depot during the fourth quarter valued at about $29,000. Abound Financial LLC bought a new stake in shares of Home Depot in the first quarter worth about $31,000. Finally, Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of Home Depot in the fourth quarter worth about $32,000. 70.86% of the stock is owned by institutional investors.

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.