6,320 Shares in The Home Depot, Inc. $HD Purchased by Northstar Group Inc.

Northstar Group Inc. bought a new stake in shares of The Home Depot, Inc. (NYSE:HD) during the second quarter, Holdings Channel reports. The fund bought 6,320 shares of the home improvement retailer’s stock, valued at approximately $2,229,000.

Several other large investors also recently bought and sold shares of HD. Advocate Investing Services LLC acquired a new position in Home Depot in the 4th quarter valued at $25,000. Parvin Asset Management LLC raised its holdings in 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 acquiring an additional 33 shares during the last quarter. Cache Advisors LLC purchased a new position in Home Depot in the 1st quarter worth approximately $27,000. Merkkuri Wealth Advisors LLC purchased a new position in Home Depot in the 1st quarter worth approximately $28,000. Finally, Abound Financial LLC acquired a new position in shares of Home Depot during the 4th quarter worth approximately $29,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on HD. Wall Street Zen raised Home Depot from a “sell” rating to a “hold” rating in a report on Tuesday, June 2nd. Weiss Ratings raised Home Depot from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 7th. Stifel Nicolaus upped their target price on Home Depot from $320.00 to $340.00 and gave the company a “hold” rating in a report on Monday. Mizuho raised their target price on Home Depot from $385.00 to $390.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, Sanford C. Bernstein reiterated a “market perform” rating and set a $354.00 price target on shares of Home Depot in a report on Wednesday. Eighteen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and a consensus price target of $375.54.

Key Home Depot News

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

• Positive Sentiment: Home Depot reported quarterly revenue of $47.86 billion and adjusted earnings of $4.92 per share, exceeding analyst expectations. Revenue increased 5.7% year over year, supported by professional-customer demand, project activity and improved digital fulfillment. Home Depot Q2 Earnings Call Spotlights Pro Momentum and Cost Pressures
• Positive Sentiment: Analysts at BofA, UBS and other firms viewed the results as evidence of stronger execution and potential growth ahead of a broader home-improvement recovery. Several analysts reaffirmed Buy ratings, including DA Davidson, Argus and Guggenheim, with price targets ranging from $377 to $425. Home Depot’s Q2 Results Show Solid Execution Amid Tough Housing Backdrop, BofA Says
• Positive Sentiment: The board declared a quarterly dividend of $2.33 per share, payable September 17 to shareholders of record September 3, providing continued income support for investors. The Home Depot Declares Quarterly Dividend of $2.33
• Neutral Sentiment: Home Depot expanded express delivery nationwide from local stores, a move aimed at capturing smaller, convenience-driven projects as customers defer large renovations. Home Depot offers nationwide express delivery from local stores
• Negative Sentiment: Elevated mortgage rates continue to discourage home moves and major remodeling projects, shifting spending toward maintenance rather than higher-ticket purchases. Analysts also warned that a $730 million tariff refund largely offset higher fuel, energy and operating costs, limiting its benefit to earnings. Home Depot’s $730 million tariff refund was largely offset by rising costs
• Negative Sentiment: Investor sentiment remains mixed: RBC lowered its price target to $342 and maintained a Sector Perform rating, while commentary cautioned that the earnings beat does not yet signal a broad housing recovery. Home Depot faces uphill battle amid a growing customer problem

Home Depot Stock Down 2.9%

Shares of NYSE HD opened at $334.28 on Friday. The company has a quick ratio of 0.28, a current ratio of 1.08 and a debt-to-equity ratio of 2.64. The business’s 50 day moving average is $340.71 and its two-hundred day moving average is $340.49. The Home Depot, Inc. has a 52-week low of $289.10 and a 52-week high of $426.75. The firm has a market cap of $333.32 billion, a price-to-earnings ratio of 23.39, a PEG ratio of 4.49 and a beta of 0.95.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 EPS for the quarter, topping the consensus estimate of $4.73 by $0.19. Home Depot had a return on equity of 106.42% and a net margin of 8.41%.The business had revenue of $47.86 billion during the quarter, compared to analyst estimates of $47.24 billion. During the same period last year, the business posted $4.68 earnings per share. The company’s quarterly revenue was up 5.7% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Research analysts predict that The Home Depot, Inc. will post 14.99 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd will be given a $2.33 dividend. This represents a $9.32 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Thursday, September 3rd. Home Depot’s dividend payout ratio (DPR) is currently 65.22%.

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.