Sales Performance: Home Depot reported second-quarter fiscal 2025 sales of $45.277 billion, a 4.9% increase from the previous year but slightly below Wall Street's expectations.
Earnings and Margins: Net earnings remained stable at $4.6 billion, with adjusted diluted earnings per share at $4.68, just above last year's figures but below consensus estimates.
Customer Transactions: Comparable customer transactions declined by 0.4%, while total transactions fell to 446.8 million, although the average ticket price increased by 1.4%.
Future Outlook: Home Depot reaffirmed its fiscal 2025 guidance, expecting approximately 2.8% sales growth and projecting diluted EPS to decline about 3% compared to last year.
HD
$362.96+Infinity%1D
Analyst Views on HD
Wall Street analysts forecast HD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for HD is 409.91 USD with a low forecast of 320.00 USD and a high forecast of 497.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
24 Analyst Rating
Wall Street analysts forecast HD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for HD is 409.91 USD with a low forecast of 320.00 USD and a high forecast of 497.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
18 Buy
5 Hold
1 Sell
Moderate Buy
Current: 356.750
Low
320.00
Averages
409.91
High
497.00
Current: 356.750
Low
320.00
Averages
409.91
High
497.00
Truist
Buy
maintain
$375 -> $390
2025-12-17
New
Reason
Truist
Price Target
$375 -> $390
2025-12-17
New
maintain
Buy
Reason
Truist raised the firm's price target on Home Depot to $390 from $375 and keeps a Buy rating on the shares as part of a broader research note previewing 2026 for Hardlines/Broadlines Consumer names. With some slower consumer trends in the second half of FY25 consumers will remain choiceful in their shopping patterns, with a continued focus on "Value", the analyst tells investors in a research note. For the company, Truist notes that with over $35 trillion of home equity essentially sitting on the sidelines and recent rate cuts, homeowners have a tremendous amount of "dry powder" to reinvest in the household's single biggest asset, adding that as long as existing home supply remains lean and home prices are flat-to-up, the firm remains bullish on the home improvement space.
DA Davidson
Buy
downgrade
$430 -> $407
2025-12-10
Reason
DA Davidson
Price Target
$430 -> $407
2025-12-10
downgrade
Buy
Reason
DA Davidson lowered the firm's price target on Home Depot to $407 from $430 but keeps a Buy rating on the shares after its FY25 and FY26 guidance. The company is taking a prudent approach to 2026, though the management is actually more bullish with the log term algo once housing recovers, the analyst tells investors in a research note. Home Depot's EPS outlook is still planned up mid-to-high single digits, but per the firm's conversations, that is more beatable than it was in the past, DA Davidson added.
RBC Capital
Sector Perform
maintain
$376 -> $366
2025-12-10
Reason
RBC Capital
Price Target
$376 -> $366
2025-12-10
maintain
Sector Perform
Reason
RBC Capital lowered the firm's price target on Home Depot to $366 from $376 and keeps a Sector Perform rating on the shares after attending the company's Investor Day presentation. The firm maintains that the company is very well-positioned for an eventual housing recovery, but the timing of that recovery might be further in the future than many are hoping for, the analyst tells investors in a research note. The prospect of lower rates will continue to put upward pressure on shares, but shares already seem to be embedding a fairly rapid housing recovery, RBC added.
Telsey Advisory
Joseph Feldman
Outperform
to
Outperform
downgrade
$430 -> $410
2025-12-10
Reason
Telsey Advisory
Joseph Feldman
Price Target
$430 -> $410
2025-12-10
downgrade
Outperform
to
Outperform
Reason
Telsey Advisory analyst Joseph Feldman lowered the firm's price target on Home Depot to $410 from $430 and keeps an Outperform rating on the shares. While Home Depot is a strong retailer, the sector is several years into a challenging home improvement market, the analyst tells investors. The firm believes the industry is in a bottoming phase but notes there will likely not be much improvement until 2027 and beyond. Overall, the firm continues to believe Home Depot will be a long-term winner in retail.
About HD
The Home Depot, Inc. is a home improvement specialty retailer. The Company offers an assortment of building materials, home improvement products, lawn and garden products, decor products, and facilities maintenance, repair, and operations products, in stores and online. It also provides various services, including home improvement installation services, and tool and equipment rental. The Company operates approximately 2,353 retail stores, over 800 branches and more than 325 distribution centers that directly fulfill customer orders across all 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. Its stores average approximately 105,000 square feet of enclosed space, with approximately 24,000 additional square feet of outside garden area. The Company serves two primary customer groups, including both do-it-yourself (DIY) and Do-It-For-Me (DIFM) customers and Professional Customers (Pros).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
