Nissay Asset Management Corp Japan Lowers Stock Position in The Home Depot, Inc. $HD

Nissay Asset Management Corp Japan reduced its holdings in The Home Depot, Inc. (NYSE:HD) by 28.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 132,436 shares of the home improvement retailer’s stock after selling 52,269 shares during the quarter. Nissay Asset Management Corp Japan’s holdings in Home Depot were worth $46,708,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Braun Stacey Associates Inc. raised its position in Home Depot by 4.3% in the second quarter. Braun Stacey Associates Inc. now owns 64,214 shares of the home improvement retailer’s stock worth $22,647,000 after acquiring an additional 2,637 shares in the last quarter. Tandem Capital Management Corp ADV boosted its position in shares of Home Depot by 4.8% during the 2nd quarter. Tandem Capital Management Corp ADV now owns 5,742 shares of the home improvement retailer’s stock worth $2,025,000 after purchasing an additional 262 shares in the last quarter. Field & Main Bank purchased a new stake in shares of Home Depot during the 2nd quarter worth $6,286,000. Archer Investment Corp acquired a new position in shares of Home Depot during the 2nd quarter worth $1,958,000. Finally, Fox Hill Wealth Management acquired a new position in shares of Home Depot during the 2nd quarter worth $384,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Home Depot news, EVP Michael F. Rowe sold 710 shares of the company’s stock in a transaction dated 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 sale, the executive vice president directly owned 6,838 shares in the company, valued at $2,302,764.88. This represents a 9.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 2,455 shares of the firm’s stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $328.77, for a total value of $807,130.35. Following the completion of the transaction, the executive vice president owned 14,061 shares in the company, valued at approximately $4,622,834.97. This trade represents a 14.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 9,154 shares of company stock valued at $3,132,798. 0.08% of the stock is currently owned by company insiders.

Key Headlines Impacting Home Depot

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

• Positive Sentiment: Home Depot’s AI-powered Magic Apron tools are now available across U.S. stores, providing localized product search and project assistance. The technology could improve customer engagement and support the company’s professional-customer growth strategy. Home Depot Could Be 15% Undervalued On Its Pro Growth Narrative
• Positive Sentiment: Zacks Research modestly raised its fiscal 2027 EPS forecast for HD to $15.03 from $14.95, while analysts continue to project earnings growth through fiscal 2029. The company also recently exceeded quarterly EPS and revenue expectations, offering some fundamental support. Home Depot Faces Weak DIY Demand
• Positive Sentiment: A regional competitor, Earl May, reportedly plans to close roughly one-quarter of its stores. While the impact is likely limited, store closures could reduce competition in some local markets. Earl May Closing Stores

Home Depot Stock Down 0.4%

HD opened at $318.63 on Thursday. The Home Depot, Inc. has a 12 month low of $289.10 and a 12 month high of $426.75. The business has a 50-day moving average of $340.43 and a two-hundred day moving average of $337.03. 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 stock has a market capitalization of $317.89 billion, a price-to-earnings ratio of 22.30, a price-to-earnings-growth ratio of 3.52 and a beta of 0.95.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $47.24 billion. During the same period in the previous year, the firm earned $4.68 earnings per share. Home Depot’s revenue 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. On average, research analysts expect that The Home Depot, Inc. will post 15 earnings per share 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 issued a dividend of $2.33 per share. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Thursday, September 3rd. Home Depot’s dividend payout ratio is presently 65.22%.

Wall Street Analyst Weigh In

Several brokerages recently commented on HD. Royal Bank Of Canada reduced their price objective on shares of Home Depot from $343.00 to $342.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 19th. Truist Financial boosted their price objective on shares of Home Depot from $369.00 to $373.00 and gave the stock a “buy” rating in a research report on Wednesday, August 19th. Wolfe Research cut shares of Home Depot from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, June 23rd. Argus restated a “buy” rating and set a $400.00 target price on shares of Home Depot in a research report on Wednesday, August 19th. Finally, Oppenheimer dropped their price objective on shares of Home Depot from $405.00 to $310.00 and set a “market perform” rating for the company in a research note on Monday, May 18th. Eighteen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and an average price target of $375.54.

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.