Telsey Advisory Group Cuts Earnings Estimates for Home Depot

The Home Depot, Inc. (NYSE:HD) – Stock analysts at Telsey Advisory Group cut their Q2 2026 earnings estimates for shares of 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 previous estimate of $4.69. Telsey Advisory Group has a “Outperform” rating and a $455.00 price objective on the stock. The consensus estimate for Home Depot’s current full-year earnings is $15.13 per share.

Other analysts also recently issued reports about the company. Jefferies Financial Group decreased their price target on Home Depot from $461.00 to $456.00 in a research note on Tuesday, May 20th. Truist Financial increased their price target on shares of Home Depot from $417.00 to $433.00 and gave the company a “buy” rating in a report on Wednesday, August 13th. Gordon Haskett boosted their price objective on shares of Home Depot from $350.00 to $360.00 in a report on Tuesday, May 20th. Stifel Nicolaus increased their target price on shares of Home Depot from $425.00 to $432.00 and gave the company a “buy” rating in a report on Monday. Finally, Evercore ISI set a $400.00 price target on Home Depot and gave the stock an “outperform” rating in a report on Thursday, May 22nd. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $432.52.

Home Depot Price Performance

Shares of HD opened at $402.0330 on Wednesday. The firm has a market capitalization of $399.99 billion, a PE ratio of 27.31, a P/E/G ratio of 3.87 and a beta of 1.00. The stock’s 50 day moving average is $372.65 and its two-hundred day moving average is $371.64. Home Depot has a twelve month low of $326.31 and a twelve month high of $439.37. The company has a current ratio of 1.15, a quick ratio of 0.28 and a debt-to-equity ratio of 4.31.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share for the quarter, missing the consensus estimate 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 net margin of 8.86% and a return on equity of 193.99%. The firm’s revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm earned $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS.

Insider Buying and Selling

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,406 shares of the business’s 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 completion of the sale, the executive vice president owned 17,367 shares in the company, valued at $6,413,285.76. The trade was a 23.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Brighton Jones LLC increased its stake in shares of Home Depot by 36.5% in the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock valued at $10,471,000 after purchasing an additional 7,203 shares during the period. Bank Pictet & Cie Europe AG increased its position in Home Depot by 4.9% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 12,204 shares of the home improvement retailer’s stock valued at $4,747,000 after acquiring an additional 565 shares during the period. Nippon Life Global Investors Americas Inc. raised its stake in Home Depot by 8.5% during the 4th quarter. Nippon Life Global Investors Americas Inc. now owns 25,140 shares of the home improvement retailer’s stock valued at $9,779,000 after acquiring an additional 1,970 shares in the last quarter. Harvest Investment Services LLC boosted its position in Home Depot by 84.0% during the 4th quarter. Harvest Investment Services LLC now owns 1,038 shares of the home improvement retailer’s stock worth $404,000 after acquiring an additional 474 shares during the period. Finally, Steel Grove Capital Advisors LLC grew its stake in shares of Home Depot by 15.1% in the fourth quarter. Steel Grove Capital Advisors LLC now owns 1,970 shares of the home improvement retailer’s stock worth $766,000 after purchasing an additional 259 shares in 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.