Independent Financial Group LLC Purchases Shares of 19,260 The Home Depot, Inc. $HD

Independent Financial Group LLC purchased a new stake in shares of The Home Depot, Inc. (NYSE:HD) in the 1st quarter, Holdings Channel reports. The fund purchased 19,260 shares of the home improvement retailer’s stock, valued at approximately $6,335,000.

Several other institutional investors have also recently made changes to their positions in the business. Gator Capital Management LLC bought a new position in Home Depot in the 4th quarter worth $3,693,000. King Luther Capital Management Corp lifted its position in Home Depot by 0.6% during the fourth quarter. King Luther Capital Management Corp now owns 1,240,478 shares of the home improvement retailer’s stock valued at $426,848,000 after purchasing an additional 7,180 shares in the last quarter. Carnegie Investment Counsel grew its holdings in Home Depot by 24.8% during the fourth quarter. Carnegie Investment Counsel now owns 108,306 shares of the home improvement retailer’s stock valued at $37,268,000 after purchasing an additional 21,545 shares during the period. Savvy Advisors Inc. grew its holdings in Home Depot by 36.0% during the fourth quarter. Savvy Advisors Inc. now owns 19,478 shares of the home improvement retailer’s stock valued at $6,703,000 after purchasing an additional 5,152 shares during the period. Finally, Thompson Siegel & Walmsley LLC increased its position in Home Depot by 320.4% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 11,292 shares of the home improvement retailer’s stock worth $3,886,000 after buying an additional 8,606 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Up 1.8%

Shares of HD opened at $347.61 on Friday. The business’s 50 day moving average is $326.52 and its 200 day moving average is $345.28. The company has a current ratio of 1.04, a quick ratio of 0.28 and a debt-to-equity ratio of 3.23. The Home Depot, Inc. has a 12-month low of $289.10 and a 12-month high of $426.75. The company has a market capitalization of $346.61 billion, a PE ratio of 24.69, a price-to-earnings-growth ratio of 3.94 and a beta of 0.95.

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

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were given a dividend of $2.33 per share. The ex-dividend date was Thursday, June 4th. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.7%. Home Depot’s dividend payout ratio is currently 66.19%.

Wall Street Analysts Forecast Growth

HD has been the topic of several recent research reports. Jefferies Financial Group decreased their price objective on Home Depot from $361.00 to $360.00 and set a “buy” rating on the stock in a research note on Thursday, June 4th. TD Cowen cut their price objective on Home Depot from $450.00 to $375.00 and set a “buy” rating for the company in a research note on Wednesday, May 20th. Robert W. Baird reduced their target price on shares of Home Depot from $430.00 to $380.00 and set an “outperform” rating for the company in a report on Wednesday, May 20th. Oppenheimer decreased their target price on shares of Home Depot from $405.00 to $310.00 and set a “market perform” rating on the stock in a research note on Monday, May 18th. Finally, Mizuho decreased their target price on shares of Home Depot from $415.00 to $385.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 20th. Eighteen research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $371.71.

Home Depot News Summary

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

• Positive Sentiment: Home Depot launched its 2026 Halloween collection, including the return of its popular 12 FT SKELLY with upgraded interactive features. Seasonal merchandise can drive store and online traffic and support near-term sales sentiment. THE HOME DEPOT DEBUTS 2026 HALLOWEEN COLLECTION WITH NEW GIANTS, INTERACTIVE TECH AND FAN FAVORITE RETURNS
• Positive Sentiment: Market coverage noted that HD has been trading higher than the broader market, reinforcing the view that investors are rotating back into the name. Home Depot (HD) Rises Higher Than Market: Key Facts
• Positive Sentiment: Dividend-focused articles highlighted Home Depot as one of several large-cap stocks with ongoing dividend growth, which can appeal to income investors looking for reliable shareholder returns. 3 Dividend Stocks to Buy for Growing Income in July
• Neutral Sentiment: Several media roundups listed Home Depot among home improvement stocks to watch, but these were broad watchlist pieces without new company-specific catalysts. Top Home Improvement Stocks To Watch Now – July 13th
• Neutral Sentiment: One article said HD underperformed some competitors even as it posted daily gains, suggesting the stock may be rising, but not as strongly as peers. Home Depot Inc. stock underperforms Wednesday when compared to competitors despite daily gains
• Negative Sentiment: A Trefis note argued that Home Depot has returned substantial cash to shareholders while the stock has gone nowhere, which may temper enthusiasm by highlighting limited share-price momentum. LOW Paid Holders $47 Bil While The Stock Went Nowhere

Home Depot Company 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.