Family Legacy Inc. Acquires New Stake in The Home Depot, Inc. $HD

Family Legacy Inc. purchased a new position in shares of The Home Depot, Inc. (NYSE:HD) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 15,085 shares of the home improvement retailer’s stock, valued at approximately $5,320,000. Home Depot accounts for approximately 1.4% of Family Legacy Inc.’s holdings, making the stock its 23rd largest position.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HD. Clearstead Trust LLC acquired a new stake in Home Depot in the 2nd quarter valued at about $1,998,000. Maridea Wealth Management LLC acquired a new position in shares of Home Depot during the second quarter worth about $279,000. Libra Wealth LLC purchased a new stake in shares of Home Depot during the second quarter worth approximately $628,000. Bridgewater Advisors Inc. purchased a new stake in shares of Home Depot during the second quarter worth approximately $2,503,000. Finally, SFE Investment Counsel acquired a new stake in Home Depot in the second quarter valued at approximately $201,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Home Depot

In other news, CFO Richard V. Mcphail sold 5,989 shares of the stock in a transaction that occurred on 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 directly owned 48,104 shares of the company’s stock, valued at approximately $16,759,433.60. This represents a 11.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.08% of the company’s stock.

Home Depot Trading Up 0.5%

NYSE HD opened at $336.04 on Friday. The firm’s fifty day moving average price is $340.86 and its 200 day moving average price is $340.46. The Home Depot, Inc. has a 12 month low of $289.10 and a 12 month high of $426.75. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.08 and a quick ratio of 0.28. The company has a market capitalization of $335.07 billion, a price-to-earnings ratio of 23.52, a price-to-earnings-growth ratio of 3.68 and a beta of 0.95.

Home Depot (NYSE:HD) last announced its quarterly earnings results 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. The firm had revenue of $47.86 billion during the quarter, compared to analysts’ expectations of $47.24 billion. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. Home Depot’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the company earned $4.68 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, sell-side analysts expect that The Home Depot, Inc. will post 14.99 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently disclosed 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. The ex-dividend date is Thursday, September 3rd. This represents a $9.32 dividend on an annualized basis and a yield of 2.8%. Home Depot’s payout ratio is currently 65.22%.

Wall Street Analysts Forecast Growth

HD has been the subject of several analyst reports. Piper Sandler lowered their price target on shares of Home Depot from $422.00 to $421.00 and set an “overweight” rating for the company in a report on Wednesday, May 20th. Telsey Advisory Group decreased their price objective on shares of Home Depot from $435.00 to $410.00 and set an “outperform” rating for the company in a research report on Wednesday, May 20th. Stifel Nicolaus raised their price target on Home Depot from $320.00 to $340.00 and gave the company a “hold” rating in a research note on Monday, August 17th. Mizuho lifted their price target on Home Depot from $385.00 to $390.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. lowered their price objective on Home Depot from $423.00 to $396.00 and set an “overweight” rating for the company in a research 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $375.54.

More Home Depot News

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

• Positive Sentiment: Home Depot’s latest quarter showed solid execution: earnings and revenue exceeded consensus estimates, while sales increased year over year. Bank of America characterized the results as resilient despite a difficult housing backdrop. Home Depot Q2 results analysis
• Positive Sentiment: The board declared a quarterly dividend of $2.33 per share, payable September 17 to shareholders of record September 3. The annualized payout implies a yield of approximately 2.8%, supporting the stock’s income appeal. Home Depot declares quarterly dividend
• Positive Sentiment: DA Davidson, Argus and Guggenheim reiterated or assigned “Buy” ratings, indicating continued confidence in Home Depot’s long-term positioning. The company is also expanding nationwide express delivery to make smaller projects more convenient for cautious consumers. DA Davidson buy rating Home Depot expands express delivery
• Neutral Sentiment: Royal Bank of Canada lowered its price target to $342, while KeyCorp maintained a Sector Weight rating. The mixed recommendations suggest limited near-term upside despite the earnings beat. RBC lowers Home Depot price target
• Neutral Sentiment: Home Depot expanded executive responsibilities and awarded restricted stock, changes intended to support leadership continuity but with no immediate earnings impact. Home Depot executive changes
• Negative Sentiment: Reports highlight margin pressure and an uphill sales environment as customers delay or reduce spending on major renovations. This could constrain comparable sales and profitability even after the recent quarterly beat. Home Depot margin pressure Home Depot customer spending concerns
• Negative Sentiment: CFO Richard McPhail sold 5,989 shares worth approximately $2.1 million, reducing his position by 11.1%. While insider sales do not necessarily signal deteriorating fundamentals, the transaction may weigh modestly on sentiment. Home Depot CFO stock sale

Home Depot 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.