Home Depot (NYSE:HD) Announces Quarterly Earnings Results

Home Depot (NYSE:HD) issued its quarterly earnings results on Tuesday. The home improvement retailer reported $3.74 earnings per share for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.09), FiscalAI reports. The business had revenue of $41.35 billion for the quarter, compared to analyst estimates of $41.06 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.78 EPS. Home Depot updated its FY 2025 guidance to 14.478-14.478 EPS.

Home Depot Trading Down 6.0%

Shares of HD opened at $336.55 on Wednesday. The firm has a market capitalization of $334.99 billion, a P/E ratio of 22.86, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00. The company has a current ratio of 1.15, a quick ratio of 0.34 and a debt-to-equity ratio of 4.31. The stock’s fifty day simple moving average is $390.33 and its 200 day simple moving average is $381.80. Home Depot has a twelve month low of $326.31 and a twelve month high of $439.37.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were issued a $2.30 dividend. The ex-dividend date was Thursday, September 4th. This represents a $9.20 annualized dividend and a yield of 2.7%. Home Depot’s payout ratio is 62.50%.

Analyst Ratings Changes

Several brokerages have issued reports on HD. Morgan Stanley restated an “overweight” rating and issued a $395.00 price objective on shares of Home Depot in a research report on Wednesday. DZ Bank restated a “sell” rating on shares of Home Depot in a research note on Tuesday. Mizuho upped their price objective on Home Depot from $435.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, August 20th. Wolfe Research assumed coverage on Home Depot in a research report on Thursday, September 18th. They issued an “outperform” rating and a $497.00 price objective for the company. Finally, Gordon Haskett reduced their target price on Home Depot from $400.00 to $345.00 in a report on Monday, November 10th. Fifteen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and an average price target of $425.19.

Insiders Place Their Bets

In related news, EVP Teresa Wynn Roseborough sold 5,483 shares of the firm’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $413.23, for a total transaction of $2,265,740.09. Following the sale, the executive vice president directly owned 16,057 shares in the company, valued at approximately $6,635,234.11. This trade represents a 25.45% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP William D. Bastek sold 2,303 shares of the company’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $423.12, for a total value of $974,445.36. Following the completion of the transaction, the executive vice president owned 24,235 shares of the company’s stock, valued at approximately $10,254,313.20. This represents a 8.68% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 44,466 shares of company stock worth $17,859,432 over the last ninety days. 0.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Home Depot

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HD. Brighton Jones LLC grew its position in shares of Home Depot by 36.5% during the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock worth $10,471,000 after buying an additional 7,203 shares in the last quarter. Schnieders Capital Management LLC. boosted its stake in Home Depot by 14.1% during the 2nd quarter. Schnieders Capital Management LLC. now owns 11,587 shares of the home improvement retailer’s stock valued at $4,248,000 after acquiring an additional 1,433 shares during the last quarter. Sivia Capital Partners LLC boosted its stake in Home Depot by 7.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,598 shares of the home improvement retailer’s stock valued at $952,000 after acquiring an additional 173 shares during the last quarter. McCollum Christoferson Group LLC acquired a new position in Home Depot during the 3rd quarter worth $263,000. Finally, Equity Wealth Partners LLC bought a new stake in shares of Home Depot in the 3rd quarter worth about $227,000. 70.86% of the stock is owned by hedge funds and other 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.