Ieq Capital LLC Takes Position in The Home Depot, Inc. $HD

Ieq Capital LLC acquired a new position in shares of The Home Depot, Inc. (NYSE:HD) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 119,127 shares of the home improvement retailer’s stock, valued at approximately $42,014,000.

Several other hedge funds and other institutional investors also recently modified their holdings of HD. Sterling Financial Planning Inc. acquired a new position in Home Depot during the 2nd quarter worth approximately $304,000. Burnham & Co LLC acquired a new position in shares of Home Depot in the second quarter worth approximately $141,000. Callan Family Office LLC bought a new stake in shares of Home Depot in the 2nd quarter valued at $8,663,000. Fund Advisors of America Inc FL bought a new stake in Home Depot during the second quarter valued at $867,000. Finally, Heartland Advisors Inc. bought a new position in shares of Home Depot during the 2nd quarter worth approximately $437,000. Institutional investors own 70.86% of the company’s stock.

Insider Transactions at Home Depot

In other Home Depot news, EVP Michael F. Rowe sold 710 shares of the stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $336.76, for a total value of $239,099.60. Following the completion of the sale, the executive vice president owned 6,838 shares in the company, valued at approximately $2,302,764.88. This trade represents a 9.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Richard V. Mcphail sold 5,989 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $348.40, for a total value of $2,086,567.60. Following the transaction, the chief financial officer 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 SEC filing for this sale provides additional information. Corporate insiders own 0.08% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Wells Fargo & Company boosted their price objective on Home Depot from $360.00 to $400.00 and gave the company an “overweight” rating in a report on Tuesday, August 11th. Mizuho raised their target price on Home Depot from $385.00 to $390.00 and gave the company an “outperform” rating in a research report on Wednesday, August 19th. TD Cowen reissued a “buy” rating on shares of Home Depot in a report on Monday, August 10th. 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. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Home Depot from $423.00 to $396.00 and set an “overweight” rating for the company in a research note on Wednesday, May 20th. 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $375.54.

Key Headlines Impacting Home Depot

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

• Positive Sentiment: Home Depot reported fiscal second-quarter sales of $47.86 billion, up 5.7% year over year and its strongest comparable-sales growth since 2022. Adjusted earnings of $4.92 per share exceeded the $4.73 analyst consensus, reinforcing the view that the retailer’s turnaround is gaining traction. The Home Depot Posts Record Sales Growth Amid CEO Leave
• Positive Sentiment: The company expanded its Magic Apron AI shopping assistant to every U.S. store. The tool provides localized product information, project guidance and store navigation through text, voice, images and multiple languages. Its potential to improve customer service, employee productivity and conversion rates supports the long-term growth narrative. The Home Depot Expands Magic Apron
• Neutral Sentiment: Analysts and recent commentary see significant upside if housing and remodeling demand recover, with Home Depot’s scale and professional-customer base viewed as competitive advantages. However, the stock remains below its 50-day and 200-day moving averages, indicating that investors have not fully embraced the turnaround thesis. Home Depot Turnaround Could Be Bigger Than Investors Expect
• Neutral Sentiment: Although Home Depot beat quarterly estimates, a reported $685 million tariff refund may have boosted results. Investors could discount part of the earnings strength if the benefit is viewed as nonrecurring. Home Depot Beat Q2 Estimates
• Negative Sentiment: CEO Ted Decker is on temporary medical leave, creating uncertainty around leadership even as operating performance improves. Separately, EVP Michael Rowe sold 710 shares valued at approximately $239,100, a relatively small transaction but a modest negative sentiment signal. Home Depot EVP Michael Rowe Sells Shares

Home Depot Trading Up 0.4%

NYSE HD opened at $329.80 on Friday. The stock has a 50-day moving average of $340.97 and a 200-day moving average of $338.75. The company has a current ratio of 1.08, a quick ratio of 0.31 and a debt-to-equity ratio of 2.64. The Home Depot, Inc. has a 1-year low of $289.10 and a 1-year high of $426.75. The firm has a market cap of $329.04 billion, a PE ratio of 23.08, a price-to-earnings-growth ratio of 3.62 and a beta of 0.95.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $47.86 billion for the quarter, compared to analysts’ expectations of $47.24 billion. During the same quarter last year, the business earned $4.68 earnings per share. The business’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. As a group, 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. Stockholders of record on Thursday, September 3rd will be paid a dividend of $2.33 per share. This represents a $9.32 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Thursday, September 3rd. Home Depot’s dividend payout ratio is 65.22%.

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.