Hennessy Advisors Inc. Acquires 3,090 Shares of The Home Depot, Inc. $HD

Hennessy Advisors Inc. lifted its holdings in The Home Depot, Inc. (NYSE:HD) by 12.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 28,640 shares of the home improvement retailer’s stock after purchasing an additional 3,090 shares during the quarter. Hennessy Advisors Inc.’s holdings in Home Depot were worth $10,101,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of HD. Spinnaker Trust raised its holdings in Home Depot by 0.7% during the 2nd quarter. Spinnaker Trust now owns 43,155 shares of the home improvement retailer’s stock worth $15,220,000 after buying an additional 282 shares during the period. Cullinan Associates Inc. boosted its holdings in shares of Home Depot by 1.6% in the second quarter. Cullinan Associates Inc. now owns 27,706 shares of the home improvement retailer’s stock valued at $9,771,000 after buying an additional 428 shares during the period. Greenleaf Trust boosted its holdings in shares of Home Depot by 0.7% in the second quarter. Greenleaf Trust now owns 44,603 shares of the home improvement retailer’s stock valued at $15,731,000 after buying an additional 328 shares during the period. Delta Asset Management LLC TN increased its position in shares of Home Depot by 0.6% during the second quarter. Delta Asset Management LLC TN now owns 9,813 shares of the home improvement retailer’s stock worth $3,461,000 after acquiring an additional 60 shares in the last quarter. Finally, New Mexico Educational Retirement Board increased its position in shares of Home Depot by 8.8% during the second quarter. New Mexico Educational Retirement Board now owns 49,492 shares of the home improvement retailer’s stock worth $17,455,000 after acquiring an additional 4,000 shares in the last quarter. 70.86% of the stock is owned by institutional investors.

Key Home Depot News

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

• Positive Sentiment: Home Depot’s professional-customer growth and technology investments could support a recovery. The company has expanded its AI-powered Magic Apron tools across U.S. stores, while one analysis argues the stock may be about 15% undervalued if its Pro business gains momentum. Home Depot Could Be 15% Undervalued on Its Pro Growth Narrative
• Neutral Sentiment: Zacks Research raised its fiscal 2027 EPS forecast slightly to $15.03 from $14.95, broadly matching the current consensus estimate of $15.00. However, this isolated increase was accompanied by several reductions to later quarterly and annual forecasts. Home Depot Analyst Estimates
• Neutral Sentiment: Recent operating results remain a support for the shares: Home Depot exceeded quarterly earnings and revenue expectations, with revenue up 5.7% year over year. The key concern is whether that growth can accelerate amid a weak housing environment.
• Negative Sentiment: Mortgage rates have reached a one-year high following a global bond sell-off. Higher borrowing costs can discourage home purchases, renovations and moves, limiting demand for big-ticket projects at Home Depot and Lowe’s. Mortgage Rates Just Hit a One-Year High
• Negative Sentiment: Homeowners remain locked into older, cheaper mortgages, and the probability of moving within 12 months has fallen to a record-low 13.5%. Home Depot reportedly sees “no sign” of a housing turnaround, pressuring near-term sales prospects. Americans Stop Moving as Mortgage Lock-In Persists
• Negative Sentiment: Analysts have cut multiple future EPS estimates, including fiscal 2028 EPS to $16.05 from $16.23 and fiscal 2029 EPS to $17.41 from $17.62. The revisions suggest slower expected growth and weigh on valuation. The Gap Between HD Stock and Its Own Numbers
• Negative Sentiment: Comparisons with Costco and Lowe’s highlight concerns about Home Depot’s relative performance, dividend coverage and competitive position. Bearish options activity, including a proposed bear put spread, further reflects expectations that the stock could remain under pressure. Home Depot Bear Put Spread Could Return 181 Percent

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Michael Rowe sold 710 shares of the business’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $336.76, for a total transaction of $239,099.60. Following the sale, the executive vice president directly owned 6,838 shares of the company’s stock, valued at $2,302,764.88. The trade was a 9.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Teresa Roseborough sold 2,455 shares of the stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $328.77, for a total transaction of $807,130.35. Following the transaction, the executive vice president owned 14,061 shares of the company’s stock, valued at approximately $4,622,834.97. This 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 three months, insiders have sold 9,154 shares of company stock worth $3,132,798. Insiders own 0.08% of the company’s stock.

Home Depot Price Performance

Shares of HD opened at $317.79 on Friday. 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 Home Depot, Inc. has a twelve month low of $289.10 and a twelve month high of $426.75. The stock has a market capitalization of $317.06 billion, a P/E ratio of 22.24, a P/E/G ratio of 3.51 and a beta of 0.95. The company has a 50 day moving average of $339.90 and a 200-day moving average of $336.51.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 18th. The home improvement retailer reported $4.92 EPS for the quarter, topping 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 business had revenue of $47.86 billion for the quarter, compared to analyst estimates of $47.24 billion. During the same quarter in the previous year, the firm posted $4.68 earnings per share. The firm’s revenue for the quarter 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, equities research analysts forecast that The Home Depot, Inc. will post 15 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd will be paid a $2.33 dividend. This represents a $9.32 annualized dividend and a yield of 2.9%. The ex-dividend date is Thursday, September 3rd. Home Depot’s payout ratio is presently 65.22%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on HD. Royal Bank Of Canada dropped their price objective on shares of Home Depot from $343.00 to $342.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 19th. Citigroup lowered their target price on Home Depot from $450.00 to $400.00 and set a “buy” rating for the company in a report on Tuesday, May 12th. UBS Group lowered their target price on Home Depot from $430.00 to $420.00 and set a “buy” rating for the company in a report on Wednesday, August 19th. Jefferies Financial Group reissued a “buy” rating and issued a $398.00 price target on shares of Home Depot in a research note on Tuesday, August 18th. Finally, Morgan Stanley cut their price target on Home Depot from $420.00 to $400.00 and set an “overweight” rating on the stock in a report on Wednesday, May 20th. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and an average price target of $375.54.

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.