3,478 Shares in The Home Depot, Inc. $HD Bought by Perennial Investment Advisors LLC

Perennial Investment Advisors LLC bought a new position in shares of The Home Depot, Inc. (NYSE:HD) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 3,478 shares of the home improvement retailer’s stock, valued at approximately $1,226,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of Nova Scotia acquired a new stake in shares of Home Depot in the second quarter valued at approximately $118,723,000. Gator Capital Management LLC acquired a new position in Home Depot during the fourth quarter worth $3,693,000. AFT Forsyth & Company Inc. acquired a new position in Home Depot during the second quarter worth $1,896,000. King Luther Capital Management Corp grew its position in Home Depot by 0.6% in 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. Finally, E Fund Management Co. Ltd. bought a new position in Home Depot in the second quarter valued at $3,915,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot News Roundup

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

• Positive Sentiment: Home Depot is expanding its AI-powered Magic Apron tools across all U.S. stores. The technology provides localized product searches and project assistance, potentially improving customer engagement and supporting the company’s “Pro” growth strategy. Some analysis estimates the stock could be roughly 15% undervalued if that growth narrative gains traction. Home Depot Could Be 15% Undervalued On Its Pro Growth Narrative
• Positive Sentiment: The retailer’s latest quarterly results exceeded expectations, with earnings of $4.92 per share versus the $4.73 consensus and revenue of $47.86 billion, up 5.7% year over year. Analysts maintain a “Moderate Buy” consensus rating and an average price target above the current trading level.
• Positive Sentiment: Home Depot is scheduled to pay a quarterly dividend of $2.33 per share on September 17 to shareholders of record on September 3. The annualized dividend is $9.32, representing a yield of approximately 2.8%.
• Neutral Sentiment: Chief Financial Officer Richard McPhail and merchandising executive Billy Bastek will present at the Goldman Sachs Global Consumer and Retail Conference on September 15. Investors may look for updated commentary on demand, housing trends, and the professional business. The Home Depot to Present at the Goldman Sachs Global Consumer and Retail Conference
• Negative Sentiment: High mortgage rates continue to discourage homeowners from moving, with the probability of changing residences reaching a record-low 13.5%. Home Depot reportedly sees “no sign” of a housing-market turnaround, which weighs on renovation and big-ticket project demand. Americans Stop Moving as Mortgage Lock-In Persists
• Negative Sentiment: DIY demand remains weak as consumers defer larger home-improvement projects. Digital sales, broader category gains, and higher big-ticket sales provide some offset, but continued consumer caution is a near-term concern. Home Depot Faces Weak DIY Demand
• Negative Sentiment: Executive Vice President Teresa Wynn Roseborough sold 2,455 shares valued at approximately $807,000, reducing her direct ownership by 14.86%. While a single insider sale does not establish a trend, it may add modest pressure to investor sentiment. Teresa Wynn Roseborough Sells Shares of Home Depot

Home Depot Trading Down 2.5%

Home Depot stock opened at $319.70 on Wednesday. The stock has a 50-day simple moving average of $340.90 and a 200 day simple moving average of $337.53. The stock has a market capitalization of $318.96 billion, a P/E ratio of 22.37, a PEG ratio of 3.61 and a beta of 0.96. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.31 and a current ratio of 1.08. The Home Depot, Inc. has a 52 week low of $289.10 and a 52 week high of $426.75.

Home Depot (NYSE:HD) last released 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. Home Depot had a return on equity of 106.42% and a net margin of 8.41%.The firm had revenue of $47.86 billion for the quarter, compared to analyst estimates of $47.24 billion. During the same quarter in the prior year, the company earned $4.68 earnings per share. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Analysts expect that The Home Depot, Inc. will post 15 earnings per share for the current year.

Home Depot Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts have commented on HD shares. JPMorgan Chase & Co. cut their price target on shares of Home Depot from $423.00 to $396.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 20th. Wall Street Zen upgraded Home Depot from a “sell” rating to a “hold” rating in a report on Tuesday, June 2nd. UBS Group lowered their target price on Home Depot from $430.00 to $420.00 and set a “buy” rating on the stock in a research report on Wednesday, August 19th. Guggenheim reiterated a “buy” rating and set a $425.00 target price on shares of Home Depot in a report on Wednesday, August 19th. Finally, HSBC reduced their price target on Home Depot from $392.00 to $310.00 and set a “hold” rating for the company in a research report on Wednesday, May 20th. Eighteen research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and an average target price of $375.54.

Insiders Place Their Bets

In other Home Depot news, EVP Teresa Wynn Roseborough sold 2,455 shares of the company’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $328.77, for a total value of $807,130.35. Following the transaction, the executive vice president directly owned 14,061 shares in the company, valued at $4,622,834.97. The trade was a 14.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Michael F. Rowe sold 710 shares of the company’s stock in a transaction on Wednesday, August 26th. The shares were 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 approximately $2,302,764.88. This represents a 9.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 9,154 shares of company stock valued at $3,132,798 over the last ninety days. 0.08% of the stock is currently owned by company insiders.

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.