Home Depot FY2028 EPS Forecast Decreased by Erste Group Bank

The Home Depot, Inc. (NYSE:HD) – Equities research analysts at Erste Group Bank reduced their FY2028 earnings per share (EPS) estimates for Home Depot in a report issued on Friday, September 18th. Erste Group Bank analyst S. Lingnau now forecasts that the home improvement retailer will earn $16.00 per share for the year, down from their previous forecast of $16.02. The consensus estimate for Home Depot’s current full-year earnings is $15.00 per share.

Several other equities research analysts have also issued reports on HD. Sanford C. Bernstein dropped their price objective on shares of Home Depot from $354.00 to $344.00 and set a “market perform” rating for the company in a research report on Wednesday, September 9th. Guggenheim reaffirmed a “buy” rating and set a $425.00 price target on shares of Home Depot in a research report on Wednesday, August 19th. Royal Bank Of Canada lowered their price target on Home Depot from $343.00 to $342.00 and set a “sector perform” rating for the company in a report on Wednesday, August 19th. Wall Street Zen raised Home Depot from a “sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Finally, UBS Group reaffirmed a “buy” rating on shares of Home Depot in a research report on Thursday, September 17th. Eighteen research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $375.18.

Home Depot Trading Up 2.7%

Shares of HD stock opened at $305.34 on Monday. The stock has a market cap of $304.64 billion, a price-to-earnings ratio of 21.37, a price-to-earnings-growth ratio of 3.27 and a beta of 0.95. The company has a quick ratio of 0.31, a current ratio of 1.08 and a debt-to-equity ratio of 2.64. Home Depot has a fifty-two week low of $289.10 and a fifty-two week high of $413.73. The firm’s 50 day moving average price is $329.85 and its two-hundred day moving average price is $330.10.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.73 by $0.19. The business had revenue of $47.86 billion during the quarter, compared to analysts’ expectations of $47.24 billion. Home Depot had a return on equity of 106.42% and a net margin of 8.41%.The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of HD. State Street Corp raised its position in shares of Home Depot by 1.1% during the 2nd quarter. State Street Corp now owns 47,175,026 shares of the home improvement retailer’s stock worth $16,637,688,000 after purchasing an additional 499,168 shares during the period. Security National Bank of Sioux City Iowa IA boosted its position in Home Depot by 30.9% during the 2nd quarter. Security National Bank of Sioux City Iowa IA now owns 8,093 shares of the home improvement retailer’s stock valued at $2,854,000 after purchasing an additional 1,909 shares during the period. Bullseye Investment Management LLC acquired a new position in Home Depot during the 2nd quarter valued at approximately $78,000. Marathon Wealth Advisors LLC grew its stake in Home Depot by 1.6% during the 2nd quarter. Marathon Wealth Advisors LLC now owns 7,545 shares of the home improvement retailer’s stock worth $2,661,000 after buying an additional 119 shares during the last quarter. Finally, U S Wealth Group LLC. grew its stake in Home Depot by 50.0% during the 2nd quarter. U S Wealth Group LLC. now owns 9,576 shares of the home improvement retailer’s stock worth $3,377,000 after buying an additional 3,193 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Teresa Roseborough sold 2,455 shares of the company’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $328.77, for a total value of $807,130.35. Following the sale, the executive vice president directly owned 14,061 shares of the company’s stock, valued at $4,622,834.97. This represents a 14.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Kimberly R. Scardino sold 675 shares of the company’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $305.95, for a total transaction of $206,516.25. Following the completion of the sale, the chief accounting officer owned 8,189 shares in the company, valued at approximately $2,505,424.55. This trade represents a 7.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 9,829 shares of company stock valued at $3,339,314. Corporate insiders own 0.08% of the company’s stock.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd were given a $2.33 dividend. This represents a $9.32 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Thursday, September 3rd. Home Depot’s dividend payout ratio is presently 65.22%.

Trending Headlines about Home Depot

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

• Positive Sentiment: Home Depot’s investments in its Pro business appear to be gaining traction. Improved delivery capabilities, broader product catalogs and positive Pro comparable sales could help the retailer win larger, more complex projects and support longer-term revenue growth. Is Home Depot Winning Bigger Projects Through Pro Investments?
• Positive Sentiment: A report citing stronger consumer demand in August identified Home Depot as one of several retailers that could benefit despite recent weakness in retail stocks. This supports the possibility of resilient sales in essential home-improvement categories. 3 Retail Dips Backed by Rising Consumer Demand
• Neutral Sentiment: Co-founder Ken Langone’s comments focused primarily on his bullish outlook for Eli Lilly, offering little new information about Home Depot’s current earnings outlook. Ken Langone and Eli Lilly Outlook
• Negative Sentiment: Home Depot’s CFO reportedly described the U.S. housing market as “frozen,” with a key housing metric at a historic low. Weak housing turnover can reduce demand for renovation projects and big-ticket purchases, making this the most direct near-term pressure on HD. Home Depot CFO Issues Warning on Housing Market
• Negative Sentiment: Erste Group Bank lowered its fiscal 2028 EPS forecast, signaling reduced confidence in Home Depot’s longer-term profit growth. Home Depot FY2028 EPS Forecast Decreased
• Negative Sentiment: Home Depot is also facing a broader unfavorable backdrop: discretionary retailers are trailing staples, while tariffs, fuel costs and higher interest rates are pressuring businesses and consumers. These factors could constrain remodeling demand and margins. Staples ETF Widens Gap Over Discretionary

Home Depot Company Profile

The Home Depot, Inc is a home improvement retailer that sells building materials, appliances, decor, hardware, tools, paint, lawn and garden products, and related merchandise. The company serves do-it-yourself customers, professional contractors, homebuilders, and other commercial customers through its retail stores and digital platforms.

Home Depot also provides services such as equipment and tool rental, delivery, installation, and project support. Its professional-focused offerings include job-lot quantities, specialized products, credit services, and account support designed for contractors and other trade customers.

Founded in 1978 by Bernie Marcus, Arthur Blank, Ken Langone, and Pat Farrah, the company is headquartered in Atlanta, Georgia.