The Home Depot, Inc. $HD Shares Bought by U S Wealth Group LLC.

U S Wealth Group LLC. lifted its stake in The Home Depot, Inc. (NYSE:HD) by 50.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,576 shares of the home improvement retailer’s stock after buying an additional 3,193 shares during the period. Home Depot makes up 1.7% of U S Wealth Group LLC.’s portfolio, making the stock its 20th biggest position. U S Wealth Group LLC.’s holdings in Home Depot were worth $3,377,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of HD. California State Teachers Retirement System grew its position in Home Depot by 34,873.9% in the second quarter. California State Teachers Retirement System now owns 525,674,125 shares of the home improvement retailer’s stock valued at $185,394,750,000 after acquiring an additional 524,171,077 shares in the last quarter. BlackRock Inc. purchased a new stake in Home Depot during the 2nd quarter worth $28,771,247,000. State Street Corp lifted its holdings in Home Depot by 1.8% in the 4th quarter. State Street Corp now owns 46,925,342 shares of the home improvement retailer’s stock worth $16,147,010,000 after buying an additional 825,164 shares in the last quarter. Geode Capital Management LLC boosted its position in 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 buying an additional 343,153 shares during the last quarter. Finally, Bank of America Corp DE purchased a new position in Home Depot in the 2nd quarter valued at about $5,780,468,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Home Depot

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

• Positive Sentiment: Home Depot continues to benefit from momentum among professional customers, digital sales growth and faster fulfillment, which could support market-share gains and future growth despite a challenging housing environment. Home Depot Drops 12.4% in a Month: Time to Buy or Stay Cautious?
• Positive Sentiment: Home Depot is highlighted as a company with a durable record of dividend increases, potentially making the stock more attractive to income-focused investors during a cyclical downturn. 5 Stocks That Keep Raising Their Dividend Regardless Of The Market
• Neutral Sentiment: A quantitative signal has emerged that may interest contrarian options traders, although it does not change the company’s underlying operating outlook. A Rare Quant Signal Just Flashed for Contrarian Options Traders in Home Depot Stock
• Negative Sentiment: The key concern is that sales growth appears to be coming from larger customer baskets rather than more shopping visits. Continued reductions in traffic could make growth harder to sustain, particularly while the housing market remains effectively frozen. What Happens To Home Depot Stock If Shoppers Keep Visiting Less?
• Negative Sentiment: Analysts continue to cite housing weakness and cost pressures as risks. Sanford C. Bernstein lowered its price target from $354 to $344 and maintained a “market perform” rating, signaling limited near-term conviction.

Insider Transactions at Home Depot

In related news, CFO Richard McPhail sold 5,989 shares of the company’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $348.40, for a total transaction of $2,086,567.60. Following the completion of the sale, the chief financial officer directly owned 48,104 shares of the company’s stock, valued at approximately $16,759,433.60. This represents a 11.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael Rowe sold 710 shares of Home Depot stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $336.76, for a total transaction of $239,099.60. Following the completion of the transaction, the executive vice president owned 6,838 shares in the company, valued at $2,302,764.88. This trade represents a 9.41% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 9,154 shares of company stock worth $3,132,798. 0.08% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Weiss Ratings raised Home Depot from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 7th. UBS Group lowered their price objective on Home Depot from $430.00 to $420.00 and set a “buy” rating for the company in a report on Wednesday, August 19th. Morgan Stanley dropped their target price on shares of Home Depot from $420.00 to $400.00 and set an “overweight” rating on the stock in a report on Wednesday, May 20th. BNP Paribas Exane dropped their price target on Home Depot from $348.00 to $325.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 19th. Finally, Gordon Haskett lifted their price objective on shares of Home Depot from $320.00 to $330.00 in a research report on Friday, June 12th. Eighteen investment 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. Based on data from MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and a consensus price target of $375.18.

Home Depot Price Performance

Shares of NYSE:HD opened at $305.58 on Friday. The company has a market cap of $304.87 billion, a P/E ratio of 21.38, a price-to-earnings-growth ratio of 3.42 and a beta of 0.95. The Home Depot, Inc. has a 12-month low of $289.10 and a 12-month high of $426.75. The company has a quick ratio of 0.31, a current ratio of 1.08 and a debt-to-equity ratio of 2.64. The company’s fifty day moving average is $336.12 and its two-hundred day moving average is $334.07.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 EPS for the quarter, beating the consensus estimate of $4.73 by $0.19. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. The business had revenue of $47.86 billion for the quarter, compared to analysts’ expectations of $47.24 billion. During the same period in the previous year, the company posted $4.68 EPS. Home Depot’s 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. Equities analysts expect that The Home Depot, Inc. will post 15 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd will be paid a $2.33 dividend. This represents a $9.32 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Thursday, September 3rd. Home Depot’s payout ratio is presently 65.22%.

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.