Home Depot (NYSE:HD) Releases FY 2026 Earnings Guidance

Home Depot (NYSE:HD) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 14.690-15.278 for the period, compared to the consensus estimate of 15.050. The company issued revenue guidance of $168.8 billion-$172.1 billion, compared to the consensus revenue estimate of $171.2 billion.

Home Depot Trading Up 2.7%

Shares of HD stock opened at $310.66 on Thursday. The company has a debt-to-equity ratio of 3.23, a quick ratio of 0.26 and a current ratio of 1.04. The stock has a market capitalization of $309.42 billion, a P/E ratio of 22.06, a price-to-earnings-growth ratio of 3.49 and a beta of 1.00. The company has a 50 day moving average price of $328.56 and a 200 day moving average price of $352.55. Home Depot has a fifty-two week low of $289.10 and a fifty-two week high of $426.75.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share for the quarter, beating analysts’ consensus estimates of $3.41 by $0.02. The firm had revenue of $41.77 billion during the quarter, compared to analysts’ expectations of $41.59 billion. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.56 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Equities research analysts predict that Home Depot will post 15.01 EPS for the current fiscal year.

Home Depot Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 12th were issued a $2.33 dividend. This represents a $9.32 dividend on an annualized basis and a dividend yield of 3.0%. This is an increase from Home Depot’s previous quarterly dividend of $2.30. The ex-dividend date was Thursday, March 12th. Home Depot’s dividend payout ratio (DPR) is presently 65.50%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on HD shares. HSBC dropped their price objective on shares of Home Depot from $392.00 to $310.00 and set a “hold” rating for the company in a report on Wednesday. Piper Sandler lowered their price target on shares of Home Depot from $422.00 to $421.00 and set an “overweight” rating for the company in a report on Wednesday. BNP Paribas Exane lowered their price target on shares of Home Depot from $348.00 to $325.00 and set a “neutral” rating for the company in a report on Tuesday. Zacks Research upgraded shares of Home Depot from a “strong sell” rating to a “hold” rating in a report on Monday, February 9th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Home Depot in a report on Friday, March 27th. Twenty analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $372.29.

Insider Activity

In other news, CFO Richard V. Mcphail sold 2,550 shares of the company’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $368.89, for a total value of $940,669.50. Following the completion of the transaction, the chief financial officer owned 44,566 shares in the company, valued at approximately $16,439,951.74. This represents a 5.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.08% of the company’s stock.

Key Headlines Impacting Home Depot

Here are the key news stories impacting Home Depot this week:

• Positive Sentiment: Home Depot reported Q1 fiscal 2026 earnings and revenue above Wall Street estimates, with sales rising 4.8% year over year to $41.8 billion and comparable sales also turning positive. The Home Depot Announces First Quarter Fiscal 2026 Results; Reaffirms Fiscal 2026 Guidance
• Positive Sentiment: The company said demand from professional contractors remained solid, and management pointed to digital gains and distribution expansion as offsets to weakness in large renovation projects. HD Q1 Earnings Call Highlights Pro Push, Steady Outlook
• Positive Sentiment: Despite the softer housing backdrop, Home Depot reaffirmed its fiscal 2026 outlook, which reassured investors that management still expects stable performance rather than a sharp slowdown. HD Q1 Earnings Call Highlights Pro Push, Steady Outlook
• Neutral Sentiment: Several analysts cut price targets after the report, but most kept bullish or neutral ratings, suggesting expectations were reset rather than turning outright negative. These Analysts Cut Their Forecasts On Home Depot After Q1 Results
• Negative Sentiment: Profit fell year over year as cost growth outpaced revenue, highlighting margin pressure and a still-challenged consumer spending environment. Home Depot Q1 profit falls as cost growth outpaces revenue
• Negative Sentiment: Wall Street also flagged risks to 2026 guidance from weak housing turnover, affordability pressure, and delayed big-home-improvement projects, which could limit upside from here. Home Depot Faces Risk of Missing 2026 Guidance on Cost, Demand Outlook Headwinds, RBC Says

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of HD. Advocate Investing Services LLC acquired a new position in shares of Home Depot in the 4th quarter valued at $25,000. Parvin Asset Management LLC boosted its holdings 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 position in shares of Home Depot in the 3rd quarter valued at $34,000. Triumph Capital Management acquired a new position in shares of Home Depot in the 3rd quarter valued at $40,000. Finally, Binnacle Investments Inc boosted its holdings in shares of Home Depot by 28.8% in the 2nd 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 in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

About Home Depot

The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.