Telsey Advisory Group Cuts Earnings Estimates for Home Depot

The Home Depot, Inc. (NYSE:HD) – Analysts at Telsey Advisory Group reduced their Q1 2027 earnings per share estimates for Home Depot in a report released on Tuesday, August 19th. Telsey Advisory Group analyst J. Feldman now expects that the home improvement retailer will post earnings per share of $3.89 for the quarter, down from their previous estimate of $3.94. 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. Telsey Advisory Group also issued estimates for Home Depot’s Q2 2027 earnings at $5.05 EPS, Q3 2027 earnings at $4.20 EPS, Q4 2027 earnings at $3.18 EPS and FY2027 earnings at $16.33 EPS.

HD has been the subject of several other reports. Sanford C. Bernstein restated a “market perform” rating and issued a $398.00 price objective (up from $380.00) on shares of Home Depot in a research note on Wednesday, May 21st. Evercore ISI set a $400.00 price target on Home Depot and gave the company an “outperform” rating in a report on Thursday, May 22nd. Truist Financial raised their price objective on Home Depot from $417.00 to $433.00 and gave the stock a “buy” rating in a research note on Wednesday, August 13th. Wells Fargo & Company lifted their price objective on Home Depot from $420.00 to $450.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Royal Bank Of Canada cut their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $432.52.

Home Depot Stock Down 1.1%

HD opened at $397.45 on Thursday. The firm’s 50 day simple moving average is $373.34 and its two-hundred day simple moving average is $371.56. The company has a market capitalization of $395.43 billion, a PE ratio of 27.00, a PEG ratio of 3.81 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 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 quarterly earnings data 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 business had revenue of $45.28 billion during the quarter, compared to the consensus estimate of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.Home Depot’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the company earned $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS.

Hedge Funds Weigh In On Home Depot

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HD. Legend Financial Advisors Inc. purchased a new position in shares of Home Depot in the 2nd quarter worth $28,000. Navigoe LLC bought a new position in shares of Home Depot in the 4th quarter valued at about $29,000. Sagard Holdings Management Inc. bought a new position in shares of Home Depot in the 2nd quarter valued at about $29,000. Abound Financial LLC purchased a new position in Home Depot in the first quarter worth about $31,000. Finally, LFA Lugano Financial Advisors SA bought a new stake in Home Depot during the second quarter worth approximately $32,000. 70.86% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Teresa Wynn Roseborough sold 5,406 shares of the firm’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 transaction, the executive vice president directly owned 17,367 shares of the company’s stock, valued at approximately $6,413,285.76. This trade represents a 23.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.10% 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.