Home Depot (NYSE:HD) Releases Quarterly Earnings Results, Misses Expectations By $0.09 EPS

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

Home Depot Stock Down 0.5%

Shares of Home Depot stock opened at $334.78 on Thursday. The business has a 50-day moving average price of $388.76 and a 200 day moving average price of $381.47. Home Depot has a fifty-two week low of $326.31 and a fifty-two week high of $439.37. The firm has a market cap of $333.24 billion, a P/E ratio of 22.74, a P/E/G ratio of 3.59 and a beta of 1.00. The company has a quick ratio of 0.34, a current ratio of 1.15 and a debt-to-equity ratio of 4.31.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on HD. Weiss Ratings restated a “buy (b-)” rating on shares of Home Depot in a research note on Thursday, November 13th. KGI Securities cut shares of Home Depot from an “outperform” rating to a “neutral” rating and set a $320.00 price objective for the company. in a research report on Wednesday. DA Davidson reaffirmed a “buy” rating and set a $475.00 target price on shares of Home Depot in a research report on Tuesday. DZ Bank reissued a “sell” rating on shares of Home Depot in a report on Tuesday. Finally, Oppenheimer raised their price objective on Home Depot from $400.00 to $420.00 and gave the company a “market perform” rating in a research note on Thursday, September 25th. Nineteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $415.65.

Insider Buying and Selling

In related news, EVP Teresa Wynn Roseborough sold 5,483 shares of Home Depot 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 transaction, the executive vice president directly owned 16,057 shares of the company’s stock, valued at $6,635,234.11. The trade was a 25.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP William D. Bastek sold 2,303 shares of the company’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $423.12, for a total value of $974,445.36. Following the transaction, the executive vice president directly owned 24,235 shares in the company, valued at $10,254,313.20. The trade was a 8.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 11,569 shares of company stock valued at $4,792,086 over the last quarter. Company insiders own 0.10% of the company’s stock.

Hedge Funds Weigh In On Home Depot

Several large investors have recently bought and sold shares of the stock. Parvin Asset Management LLC raised its stake in shares of Home Depot by 110.0% in the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock valued at $26,000 after buying an additional 33 shares in the last quarter. Imprint Wealth LLC acquired a new stake in shares of Home Depot during the 3rd quarter worth approximately $34,000. Triumph Capital Management acquired a new stake in shares of Home Depot during the third quarter worth $40,000. Binnacle Investments Inc raised its holdings in Home Depot by 28.8% in the second quarter. Binnacle Investments Inc now owns 143 shares of the home improvement retailer’s stock worth $52,000 after purchasing an additional 32 shares during the period. Finally, WFA of San Diego LLC acquired a new position in shares of Home Depot in the 2nd quarter valued at approximately $145,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

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.