U S Wealth Group LLC. Buys 3,193 Shares of The Home Depot, Inc. $HD

U S Wealth Group LLC. boosted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 50.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,576 shares of the home improvement retailer’s stock after purchasing an additional 3,193 shares during the quarter. Home Depot accounts for approximately 1.7% of U S Wealth Group LLC.’s holdings, making the stock its 20th biggest position. U S Wealth Group LLC.’s holdings in Home Depot were worth $3,377,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. California State Teachers Retirement System increased its holdings in shares of Home Depot by 34,873.9% during the 2nd quarter. California State Teachers Retirement System now owns 525,674,125 shares of the home improvement retailer’s stock worth $185,394,750,000 after purchasing an additional 524,171,077 shares during the period. BlackRock Inc. acquired a new stake in Home Depot during the second quarter worth about $28,771,247,000. Bank of America Corp DE bought a new position in Home Depot during the second quarter valued at about $5,780,468,000. Norges Bank bought a new position in Home Depot during the fourth quarter valued at about $4,850,329,000. Finally, Bank of New York Mellon Corp acquired a new position in Home Depot in the 2nd quarter valued at approximately $2,777,396,000. 70.86% of the stock is owned by institutional investors.

Home Depot Price Performance

HD opened at $305.58 on Friday. 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 $304.87 billion, a P/E ratio of 21.38, a price-to-earnings-growth ratio of 3.42 and a beta of 0.95. The company’s 50 day simple moving average is $336.12 and its 200-day simple moving average is $334.07. The Home Depot, Inc. has a one year low of $289.10 and a one year high of $426.75.

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, beating analysts’ consensus estimates of $4.73 by $0.19. The firm had revenue of $47.86 billion for the quarter, compared to analyst estimates of $47.24 billion. Home Depot had a return on equity of 106.42% and a net margin of 8.41%.The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period last year, the company earned $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Sell-side analysts anticipate that The Home Depot, Inc. will post 15 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Thursday, September 3rd will be issued a $2.33 dividend. The ex-dividend date is Thursday, September 3rd. This represents a $9.32 annualized dividend and a yield of 3.0%. Home Depot’s dividend payout ratio (DPR) is currently 65.22%.

Insider Activity at Home Depot

In related news, CFO Richard V. Mcphail sold 5,989 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $348.40, for a total transaction 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 $16,759,433.60. The trade was a 11.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Michael F. Rowe sold 710 shares of the firm’s stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $336.76, for a total transaction of $239,099.60. Following the completion of the transaction, the executive vice president directly owned 6,838 shares in the company, valued at approximately $2,302,764.88. The trade was a 9.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 9,154 shares of company stock worth $3,132,798 over the last 90 days. Insiders own 0.08% of the company’s stock.

Key Headlines Impacting Home Depot

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

• Positive Sentiment: Home Depot continues to benefit from momentum among professional customers, digital sales growth and faster fulfillment, which could support market-share gains and future growth despite a challenging housing environment. Home Depot Drops 12.4% in a Month: Time to Buy or Stay Cautious?
• Positive Sentiment: Home Depot is highlighted as a company with a durable record of dividend increases, potentially making the stock more attractive to income-focused investors during a cyclical downturn. 5 Stocks That Keep Raising Their Dividend Regardless Of The Market
• Neutral Sentiment: A quantitative signal has emerged that may interest contrarian options traders, although it does not change the company’s underlying operating outlook. A Rare Quant Signal Just Flashed for Contrarian Options Traders in Home Depot Stock
• Negative Sentiment: The key concern is that sales growth appears to be coming from larger customer baskets rather than more shopping visits. Continued reductions in traffic could make growth harder to sustain, particularly while the housing market remains effectively frozen. What Happens To Home Depot Stock If Shoppers Keep Visiting Less?
• Negative Sentiment: Analysts continue to cite housing weakness and cost pressures as risks. Sanford C. Bernstein lowered its price target from $354 to $344 and maintained a “market perform” rating, signaling limited near-term conviction.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. The Goldman Sachs Group decreased their price objective on Home Depot from $409.00 to $390.00 and set a “buy” rating on the stock in a report on Wednesday, May 20th. BNP Paribas Exane decreased their price target on shares of Home Depot from $348.00 to $325.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 19th. Robert W. Baird lowered their price target on shares of Home Depot from $430.00 to $380.00 and set an “outperform” rating on the stock in a report on Wednesday, May 20th. DA Davidson restated a “buy” rating and issued a $377.00 price objective on shares of Home Depot in a research note on Wednesday, August 19th. Finally, Mizuho increased their price objective on shares of Home Depot from $385.00 to $390.00 and gave the company an “outperform” rating in a research note on Wednesday, August 19th. Eighteen research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $375.18.

About Home Depot

The Home Depot, Inc is a home improvement retailer that sells building materials, appliances, decor, hardware, tools, paint, lawn and garden products, and related merchandise. The company serves do-it-yourself customers, professional contractors, homebuilders, and other commercial customers through its retail stores and digital platforms.

Home Depot also provides services such as equipment and tool rental, delivery, installation, and project support. Its professional-focused offerings include job-lot quantities, specialized products, credit services, and account support designed for contractors and other trade customers.

Founded in 1978 by Bernie Marcus, Arthur Blank, Ken Langone, and Pat Farrah, the company is headquartered in Atlanta, Georgia.