Greg Jennings LLC Acquires 5,275 Shares of The Home Depot, Inc. $HD

Greg Jennings LLC acquired a new stake in shares of The Home Depot, Inc. (NYSE:HD) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 5,275 shares of the home improvement retailer’s stock, valued at approximately $1,501,000. Home Depot makes up about 1.0% of Greg Jennings LLC’s portfolio, making the stock its 23rd biggest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. BlackRock Inc. purchased a new position in Home Depot during the 2nd quarter valued at about $28,771,247,000. State Street Corp grew its holdings in Home Depot by 1.1% in the second quarter. State Street Corp now owns 47,175,026 shares of the home improvement retailer’s stock worth $16,637,688,000 after purchasing an additional 499,168 shares during the period. Bank of America Corp DE purchased a new stake in Home Depot in the second quarter worth about $5,780,468,000. Bank of New York Mellon Corp bought a new position in shares of Home Depot during the second quarter valued at approximately $2,777,396,000. Finally, Corient Private Wealth LP bought a new position in shares of Home Depot during the second quarter valued at approximately $390,913,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Stock Performance

NYSE:HD traded up $0.23 during mid-day trading on Monday, reaching $309.86. The company’s stock had a trading volume of 3,933,403 shares, compared to its average volume of 4,483,632. 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 stock has a market cap of $309.14 billion, a P/E ratio of 21.68, a PEG ratio of 2.20 and a beta of 1.00. The firm’s fifty day moving average price is $312.52 and its two-hundred day moving average price is $324.17. The Home Depot, Inc. has a 12-month low of $277.15 and a 12-month high of $397.63.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share 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 company had revenue of $47.86 billion for the quarter, compared to the consensus estimate of $47.24 billion. During the same quarter in the prior year, the firm earned $4.68 earnings per share. The firm’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. On average, equities analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd were paid a dividend of $2.33 per share. This represents a $9.32 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Thursday, September 3rd. Home Depot’s payout ratio is currently 65.22%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on HD shares. Sanford C. Bernstein dropped their price target on Home Depot from $354.00 to $344.00 and set a “market perform” rating on the stock in a research report on Wednesday, September 9th. UBS Group reaffirmed a “buy” rating on shares of Home Depot in a research report on Thursday, September 17th. Wells Fargo & Company raised their price objective on Home Depot from $360.00 to $400.00 and gave the company an “overweight” rating in a research report on Tuesday, August 11th. Wolfe Research cut Home Depot from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, June 23rd. Finally, Melius Research set a $397.00 price target on Home Depot in a report on Tuesday, October 6th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $375.93.

Insider Buying and Selling at Home Depot

In other news, CAO Kimberly Scardino sold 675 shares of Home Depot stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $305.95, for a total transaction of $206,516.25. Following the transaction, the chief accounting officer owned 8,189 shares in the company, valued at $2,505,424.55. This trade represents a 7.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Richard McPhail sold 5,989 shares of the company’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $348.40, for a total value of $2,086,567.60. Following the completion of the sale, the chief financial officer owned 48,104 shares of the company’s stock, valued at approximately $16,759,433.60. The trade was a 11.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 9,829 shares of company stock worth $3,339,314 over the last 90 days. 0.08% of the stock is owned by company insiders.

More Home Depot News

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

• Positive Sentiment: Improving growth ahead of earnings: Home Depot is scheduled to report third-quarter results on November 17. Recent quarterly growth has been accelerating, giving investors a potential near-term catalyst if the company delivers another earnings and revenue beat. Should You Buy Home Depot Stock Before Nov. 17?
• Positive Sentiment: Professional customer strategy: In comparisons with Amazon, analysts highlight Home Depot’s leadership in home improvement and its increased focus on professional trade customers. This strategy could support sales resilience and strengthen its competitive position over the long term. Amazon vs. Home Depot: Which Consumer Stock Is a Better Buy in 2026?
• Positive Sentiment: Momentum and long-term appeal: Zacks commentary identifies HD as a potentially attractive long-term stock for value, growth, and momentum investors. This may be supporting buying interest, though the analysis is based largely on screening and style factors rather than a new company announcement. Why Home Depot Is a Top Momentum Stock for the Long-Term
• Neutral Sentiment: Dividend comparison with Lowe’s: Investors are weighing Home Depot’s relatively attractive current income against Lowe’s potential for faster dividend growth. The debate may influence income-oriented investors but does not represent a change in HD’s dividend policy. Home Depot vs. Lowe’s: Higher Yield or Faster Dividend Growth?
• Negative Sentiment: Housing-market pressure remains a risk: Weak or “frozen” housing activity could delay large renovation projects and limit growth, making the November earnings report especially important for confirming demand trends. Home Depot vs. Lowe’s: Higher Yield or Faster Dividend Growth?

Home Depot Company Profile

The Home Depot, Inc is a home improvement retailer serving do-it-yourself customers, professional contractors, and other building and maintenance professionals. The company sells a broad selection of building materials, hardware, tools, appliances, paint, plumbing and electrical supplies, flooring, lighting, lawn and garden products, and home décor.

In addition to merchandise, Home Depot offers services such as product delivery, tool and equipment rental, credit services, and installation for selected products.