The Home Depot, Inc. $HD Shares Purchased by Nwam LLC

Nwam LLC raised its stake in The Home Depot, Inc. (NYSE:HD) by 39.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,300 shares of the home improvement retailer’s stock after purchasing an additional 2,356 shares during the period. Nwam LLC’s holdings in Home Depot were worth $2,927,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new position in Home Depot in the second quarter valued at $28,771,247,000. State Street Corp increased its position in shares of Home Depot by 1.8% during the fourth quarter. State Street Corp now owns 46,925,342 shares of the home improvement retailer’s stock worth $16,147,010,000 after purchasing an additional 825,164 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Home Depot by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 23,756,142 shares of the home improvement retailer’s stock valued at $8,151,344,000 after purchasing an additional 343,153 shares during the last quarter. Bank of America Corp DE purchased a new stake in shares of Home Depot in the 2nd quarter valued at about $5,780,468,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Home Depot by 7.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 15,471,132 shares of the home improvement retailer’s stock valued at $5,323,620,000 after purchasing an additional 1,113,114 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on HD. Jefferies Financial Group reaffirmed a “buy” rating and set a $398.00 price target on shares of Home Depot in a research report on Tuesday, August 18th. Sanford C. Bernstein restated a “market perform” rating and set a $354.00 target price on shares of Home Depot in a research report on Wednesday, August 19th. HSBC cut their target price on shares of Home Depot from $392.00 to $310.00 and set a “hold” rating on the stock in a report on Wednesday, May 20th. Morgan Stanley decreased their price target on shares of Home Depot from $420.00 to $400.00 and set an “overweight” rating for the company in a research note on Wednesday, May 20th. Finally, KeyCorp reissued a “sector weight” rating on shares of Home Depot in a research report on Wednesday, August 19th. Eighteen research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $375.54.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Teresa Roseborough sold 2,455 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $328.77, for a total transaction of $807,130.35. Following the transaction, the executive vice president owned 14,061 shares in the company, valued at approximately $4,622,834.97. The trade was a 14.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Richard McPhail sold 5,989 shares of the stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $348.40, for a total value of $2,086,567.60. Following the transaction, the chief financial officer directly owned 48,104 shares of the company’s stock, valued at approximately $16,759,433.60. This trade represents a 11.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 9,154 shares of company stock valued at $3,132,798. 0.08% of the stock is owned by corporate insiders.

More Home Depot News

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

• Positive Sentiment: Retail earnings point to a relatively resilient higher-income consumer. Home Depot and Lowe’s reported solid home-improvement sales, suggesting demand for repairs and larger projects remains healthier than spending at some value-oriented retailers. Retail Earnings Just Exposed a Bigger Divide in the U.S. Consumer Economy
• Positive Sentiment: Analysts at Zacks updated estimates for Home Depot’s fiscal third-quarter earnings, providing a fresh valuation and earnings catalyst following the company’s prior quarterly beat. Home Depot most recently reported earnings of $4.92 per share versus a $4.73 consensus estimate, with revenue also exceeding forecasts. Zacks Research Estimates Home Depot’s Q3 Earnings
• Neutral Sentiment: The stock’s valuation is near the middle of its peer group, but analysts question whether its operating performance and growth have fallen behind competitors. This creates potential upside if productivity improves, but also limits enthusiasm until growth reaccelerates. The Gap Between HD Stock And Its Own Numbers
• Negative Sentiment: Mortgage rates recently reached a one-year high following a global bond-market sell-off. Elevated borrowing costs can discourage home purchases, remodeling projects and other large-ticket transactions that drive Home Depot’s sales. Mortgage Rates Just Hit a 1-Year High
• Negative Sentiment: Some investors view weakness in consumer-focused stocks, including Home Depot, as a warning that middle-income households are under pressure. That macro concern could weigh on discretionary home-improvement spending and the broader retail sector. Wall Street worried about GOP in midterms
• Negative Sentiment: One market analysis cited Home Depot’s transition to positive free cash flow in the early 2000s as evidence that growth had slowed, reinforcing concerns that the company’s mature business may offer limited expansion compared with faster-growing retailers. Home Depot stock information

Home Depot Price Performance

Shares of NYSE HD opened at $320.94 on Friday. The stock has a fifty day moving average price of $339.35 and a 200 day moving average price of $336.40. The Home Depot, Inc. has a 1-year low of $289.10 and a 1-year high of $426.75. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.08 and a quick ratio of 0.31. The company has a market cap of $320.20 billion, a PE ratio of 22.46, a P/E/G ratio of 3.50 and a beta of 0.95.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.73 by $0.19. The company had revenue of $47.86 billion for the quarter, compared to analysts’ expectations of $47.24 billion. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. Home Depot’s revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the company posted $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Sell-side analysts forecast that The Home Depot, Inc. will post 15 EPS for the current year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Thursday, September 3rd will be given a $2.33 dividend. The ex-dividend date is Thursday, September 3rd. This represents a $9.32 dividend on an annualized basis and a yield of 2.9%. Home Depot’s dividend payout ratio (DPR) is presently 65.22%.

Home Depot Profile

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.