What is Wedbush’s Forecast for Home Depot FY2026 Earnings?

The Home Depot, Inc. (NYSE:HD) – Research analysts at Wedbush cut their FY2026 earnings per share estimates for shares of Home Depot in a research report issued to clients and investors on Tuesday, February 25th. Wedbush analyst S. Basham now expects that the home improvement retailer will post earnings of $14.64 per share for the year, down from their previous forecast of $15.71. Wedbush has a “Outperform” rating and a $440.00 price target on the stock. The consensus estimate for Home Depot’s current full-year earnings is $15.13 per share. Wedbush also issued estimates for Home Depot’s Q4 2026 earnings at $2.89 EPS and FY2027 earnings at $16.35 EPS.

Several other research analysts have also issued reports on HD. Truist Financial reduced their target price on shares of Home Depot from $467.00 to $437.00 and set a “buy” rating on the stock in a research note on Wednesday. Piper Sandler lowered their target price on shares of Home Depot from $455.00 to $435.00 and set an “overweight” rating for the company in a report on Wednesday. Mizuho increased their price target on Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Robert W. Baird reduced their price target on Home Depot from $440.00 to $430.00 and set an “outperform” rating on the stock in a research report on Wednesday. Finally, HSBC upgraded Home Depot from a “reduce” rating to a “hold” rating and upped their price objective for the company from $356.00 to $410.00 in a report on Wednesday. Nine research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $436.50.

Home Depot Trading Up 1.6 %

Shares of HD opened at $396.69 on Friday. The firm has a market capitalization of $394.06 billion, a PE ratio of 26.95, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05. Home Depot has a 12-month low of $323.77 and a 12-month high of $439.37. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The stock’s fifty day simple moving average is $401.36 and its 200-day simple moving average is $398.72.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 EPS for the quarter, topping analysts’ consensus estimates of $3.04 by $0.09. The firm had revenue of $39.70 billion for the quarter, compared to analyst estimates of $39.15 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The company’s revenue was up 14.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.82 EPS.

Home Depot Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be given a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend is Thursday, March 13th. This is a positive change from Home Depot’s previous quarterly dividend of $2.25. Home Depot’s payout ratio is currently 61.66%.

Hedge Funds Weigh In On Home Depot

Hedge funds have recently modified their holdings of the stock. AMF Tjanstepension AB grew its stake in shares of Home Depot by 10.8% in the third quarter. AMF Tjanstepension AB now owns 171,005 shares of the home improvement retailer’s stock valued at $69,340,000 after buying an additional 16,650 shares in the last quarter. SYM FINANCIAL Corp lifted its stake in Home Depot by 17.8% in the third quarter. SYM FINANCIAL Corp now owns 1,917 shares of the home improvement retailer’s stock valued at $777,000 after acquiring an additional 289 shares during the last quarter. Wealth Group Ltd. bought a new position in shares of Home Depot in the 3rd quarter valued at about $217,000. Swedbank AB grew its position in shares of Home Depot by 17.1% in the 3rd quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer’s stock valued at $368,542,000 after acquiring an additional 132,967 shares during the period. Finally, Hedeker Wealth LLC increased its stake in shares of Home Depot by 0.9% during the 3rd quarter. Hedeker Wealth LLC now owns 4,868 shares of the home improvement retailer’s stock worth $1,972,000 after purchasing an additional 45 shares during the last quarter. Institutional investors 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.