1,522 Shares in The Home Depot, Inc. $HD Purchased by Laraway Financial Advisors Inc

Laraway Financial Advisors Inc bought a new stake in shares of The Home Depot, Inc. (NYSE:HD) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,522 shares of the home improvement retailer’s stock, valued at approximately $537,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Gator Capital Management LLC purchased a new position in Home Depot during the 4th quarter worth $3,693,000. King Luther Capital Management Corp grew its holdings in shares of Home Depot by 0.6% in the 4th quarter. King Luther Capital Management Corp now owns 1,240,478 shares of the home improvement retailer’s stock worth $426,848,000 after acquiring an additional 7,180 shares during the period. Thompson Siegel & Walmsley LLC grew its holdings in Home Depot by 320.4% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 11,292 shares of the home improvement retailer’s stock valued at $3,886,000 after purchasing an additional 8,606 shares during the last quarter. Capital International Inc. CA increased its holdings in Home Depot by 4.3% during the 4th quarter. Capital International Inc. CA now owns 150,368 shares of the home improvement retailer’s stock valued at $51,742,000 after acquiring an additional 6,187 shares in the last quarter. Finally, Sarasin & Partners LLP lifted its holdings in shares of Home Depot by 4.0% in the second quarter. Sarasin & Partners LLP now owns 687,219 shares of the home improvement retailer’s stock valued at $242,368,000 after purchasing an additional 26,357 shares in the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Home Depot

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

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Evercore dropped their price objective on Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a research report on Wednesday, May 20th. Wolfe Research lowered Home Depot from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, June 23rd. TD Cowen reaffirmed a “buy” rating on shares of Home Depot in a research report on Monday, August 10th. Stifel Nicolaus increased their target price on Home Depot from $320.00 to $340.00 and gave the company a “hold” rating in a research note on Monday, August 17th. Finally, Truist Financial lifted their price target on shares of Home Depot from $369.00 to $373.00 and gave the stock a “buy” rating in a research note on Wednesday. Eighteen research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $375.54.

Insider Buying and Selling at Home Depot

In related news, CFO Richard V. Mcphail sold 5,989 shares of the stock in a transaction 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 transaction, the chief financial officer owned 48,104 shares in the company, valued at $16,759,433.60. This trade represents a 11.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.08% of the stock is currently owned by corporate insiders.

Home Depot Stock Up 0.5%

Home Depot stock opened at $336.04 on Friday. The company has a 50-day simple moving average of $340.86 and a 200-day simple moving average of $340.46. The Home Depot, Inc. has a one year low of $289.10 and a one year high of $426.75. The firm has a market capitalization of $335.07 billion, a P/E ratio of 23.52, a P/E/G ratio of 3.68 and a beta of 0.95. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.28 and a current ratio of 1.08.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share 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 the consensus estimate of $47.24 billion. During the same quarter in the previous year, the business earned $4.68 EPS. 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 analysts expect that The Home Depot, Inc. will post 14.99 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Investors 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 yield of 2.8%. The ex-dividend date is Thursday, September 3rd. Home Depot’s dividend payout ratio (DPR) is presently 65.22%.

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.