5,872 Shares of The Home Depot, Inc. $HD Purchased by R Squared Ltd

R Squared Ltd purchased a new position in The Home Depot, Inc. (NYSE:HD) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,872 shares of the home improvement retailer’s stock, valued at approximately $1,671,000. Home Depot makes up 0.9% of R Squared Ltd’s holdings, making the stock its 10th biggest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of HD. BlackRock Inc. purchased a new position in shares of Home Depot during the 2nd quarter valued at about $28,771,247,000. Bank of America Corp DE bought a new position in shares of Home Depot during the 2nd quarter valued at approximately $5,780,468,000. Bank of New York Mellon Corp purchased a new stake in Home Depot in the 2nd quarter worth approximately $2,777,396,000. Corient Private Wealth LP purchased a new stake in Home Depot in the 2nd quarter worth approximately $390,913,000. Finally, Legal & General Group Plc purchased a new stake in Home Depot in the 2nd quarter worth approximately $1,953,883,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on HD. UBS Group restated a “buy” rating on shares of Home Depot in a research note on Thursday, September 17th. Jefferies Financial Group reiterated a “buy” rating and issued a $398.00 price target on shares of Home Depot in a research report on Tuesday, August 18th. JPMorgan Chase & Co. increased their price objective on shares of Home Depot from $396.00 to $400.00 and gave the stock an “overweight” rating in a research note on Monday. Argus restated a “buy” rating and set a $400.00 price objective on shares of Home Depot in a research report on Wednesday, August 19th. Finally, Melius Research set a $397.00 target price on shares of Home Depot in a research note on Tuesday, October 6th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $375.90.

Insider Activity at Home Depot

In other news, EVP Teresa Roseborough sold 2,455 shares of Home Depot stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $328.77, for a total transaction of $807,130.35. Following the sale, the executive vice president owned 14,061 shares in the company, valued at $4,622,834.97. This trade represents a 14.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Kimberly Scardino sold 675 shares of the business’s stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $305.95, for a total transaction of $206,516.25. Following the completion of the transaction, the chief accounting officer directly owned 8,189 shares in the company, valued at $2,505,424.55. This trade represents a 7.62% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 9,829 shares of company stock valued at $3,339,314. Corporate insiders own 0.08% of the company’s stock.

Home Depot Stock Performance

NYSE HD opened at $348.07 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 $277.15 and a twelve month high of $397.63. The business has a 50-day moving average price of $311.57 and a 200-day moving average price of $333.42. The firm has a market cap of $347.27 billion, a price-to-earnings ratio of 24.36, a price-to-earnings-growth ratio of 2.60 and a beta of 0.93.

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

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd were issued a dividend of $2.33 per share. This represents a $9.32 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Thursday, September 3rd. Home Depot’s dividend payout ratio (DPR) is 65.22%.

Key Stories Impacting Home Depot

Here are a few of the latest stories about HD:

• Positive Sentiment: Home Depot’s expanding Pro business, digital sales growth and ongoing investments are cited as growth drivers. One report also highlights the company among retailers with a strong probability of beating earnings expectations, though no results have been reported yet. Home Depot Stock Rallies 20% in a Month: Is It Still a Buy? Retail stocks with earnings-beat potential
• Neutral Sentiment: Pre-earnings coverage focuses on analyst estimates for Home Depot’s October-quarter results and key metrics, but the articles provide no reported figures; the upcoming release may be an important catalyst. Analyst projections for Home Depot Q3 earnings
• Negative Sentiment: Elevated mortgage rates and sluggish housing activity could restrain demand, while rising costs are a concern. Separate commentary warns that HD’s roughly 20% one-month rally may have left the stock looking expensive relative to its cash-generation outlook; technical pressure ahead of earnings adds near-term risk. Home Depot stock looks overvalued after its run Technical pressure ahead of earnings

Home Depot Company Profile

The Home Depot, Inc. is a home improvement retailer serving do-it-yourself customers, professional contractors and other businesses. The company sells building materials, tools, hardware, appliances, paint, flooring, and products for home maintenance, repair and renovation, as well as lawn and garden supplies. In addition to its retail stores and online channels, Home Depot offers services such as product delivery, equipment rental and home improvement installation. The company was founded in 1978 and is headquartered in Atlanta, Georgia.