Home Depot (NYSE:HD) Posts Earnings Results, Misses Expectations By $0.03 EPS

Home Depot (NYSE:HD) released its quarterly earnings results on Tuesday. The home improvement retailer reported $4.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.71 by ($0.03), RTT News reports. Home Depot had a net margin of 8.98% and a return on equity of 242.51%. During the same quarter in the previous year, the company earned $4.60 earnings per share. Home Depot updated its FY 2025 guidance to 14.940-14.940 EPS.

Home Depot Stock Down 1.2%

Shares of NYSE:HD opened at $394.68 on Tuesday. The stock has a market cap of $392.68 billion, a P/E ratio of 26.78, a P/E/G ratio of 3.80 and a beta of 1.00. The firm has a fifty day moving average price of $371.05 and a 200 day moving average price of $371.19. The company has a debt-to-equity ratio of 5.95, a current ratio of 1.09 and a quick ratio of 0.28. Home Depot has a 1-year low of $326.31 and a 1-year high of $439.37.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were paid a dividend of $2.30 per share. The ex-dividend date was Thursday, June 5th. This represents a $9.20 dividend on an annualized basis and a yield of 2.3%. Home Depot’s dividend payout ratio is currently 62.42%.

Insiders Place Their Bets

In other 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 value of $1,996,327.68. Following the completion of the sale, the executive vice president owned 17,367 shares in the company, valued at approximately $6,413,285.76. This trade represents a 23.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Fahim Siddiqui sold 2,600 shares of the firm’s stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total transaction of $954,564.00. Following the completion of the sale, the executive vice president owned 7,951 shares of the company’s stock, valued at $2,919,130.14. This trade represents a 24.64% decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is owned by corporate insiders.

Institutional Trading of Home Depot

Hedge funds have recently made changes to their positions in the company. Brighton Jones LLC lifted its stake in shares of Home Depot by 36.5% in the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock worth $10,471,000 after acquiring an additional 7,203 shares during the period. Shay Capital LLC lifted its stake in shares of Home Depot by 88.5% in the 2nd quarter. Shay Capital LLC now owns 2,875 shares of the home improvement retailer’s stock worth $1,054,000 after acquiring an additional 1,350 shares during the period. Financial Advisors Network Inc. lifted its stake in shares of Home Depot by 11.3% in the 2nd quarter. Financial Advisors Network Inc. now owns 2,368 shares of the home improvement retailer’s stock worth $868,000 after acquiring an additional 241 shares during the period. Scott Marsh Financial LLC acquired a new stake in shares of Home Depot in the second quarter valued at about $812,000. Finally, Chapman Financial Group LLC acquired a new stake in shares of Home Depot in the second quarter valued at about $797,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Sanford C. Bernstein reissued a “market perform” rating and issued a $398.00 price target (up from $380.00) on shares of Home Depot in a research note on Wednesday, May 21st. Jefferies Financial Group dropped their price objective on shares of Home Depot from $461.00 to $456.00 in a report on Tuesday, May 20th. Truist Financial restated a “buy” rating and issued a $433.00 price objective (up previously from $417.00) on shares of Home Depot in a report on Wednesday, August 13th. Guggenheim restated a “buy” rating and issued a $450.00 price objective on shares of Home Depot in a report on Wednesday, May 21st. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $455.00 price objective on shares of Home Depot in a report on Tuesday. Six equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $427.76.

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.