Home Depot (NYSE:HD) Updates FY 2025 Earnings Guidance

Home Depot (NYSE:HD) updated its FY 2025 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 14.478-14.478 for the period, compared to the consensus estimate of 14.980. The company issued revenue guidance of $164.3 billion-$164.3 billion, compared to the consensus revenue estimate of $164.1 billion.

Analyst Ratings Changes

HD has been the topic of several recent research reports. JPMorgan Chase & Co. lowered their price objective on shares of Home Depot from $444.00 to $423.00 and set an “overweight” rating on the stock in a research note on Wednesday. TD Cowen dropped their price target on shares of Home Depot from $470.00 to $410.00 and set a “buy” rating on the stock in a research note on Wednesday. Evercore ISI reduced their price target on Home Depot from $450.00 to $425.00 and set an “outperform” rating for the company in a research report on Wednesday. HSBC dropped their price objective on shares of Home Depot from $445.00 to $400.00 and set a “hold” rating for the company in a report on Wednesday. Finally, DZ Bank reaffirmed a “sell” rating on shares of Home Depot in a report on Tuesday. Nineteen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $415.65.

Home Depot Price Performance

NYSE HD opened at $334.78 on Thursday. The company has a market cap of $333.24 billion, a PE ratio of 22.74, a P/E/G ratio of 3.59 and a beta of 1.00. The firm’s 50 day moving average price is $388.76 and its 200-day moving average price is $381.47. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15. Home Depot has a 52-week low of $326.31 and a 52-week high of $439.37.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 EPS for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.09). The firm had revenue of $41.35 billion during the quarter, compared to the consensus estimate of $41.06 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.78 earnings per share. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. Sell-side analysts forecast that Home Depot will post 15.13 EPS for the current fiscal year.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP William D. Bastek sold 2,303 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president owned 24,235 shares of the company’s stock, valued at approximately $10,254,313.20. This trade represents a 8.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of Home Depot stock in a transaction that occurred on 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 completion of the sale, the executive vice president owned 16,057 shares of the company’s stock, valued at $6,635,234.11. This trade represents a 25.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 11,569 shares of company stock valued at $4,792,086. Company insiders own 0.10% of the company’s stock.

Hedge Funds Weigh In On Home Depot

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