21,124 Shares in The Home Depot, Inc. $HD Purchased by Trifecta Capital Advisors LLC

Key Points

• Trifecta Capital Advisors purchased 21,124 Home Depot shares worth approximately $7.45 million, making HD about 1% of its portfolio. Institutional investors collectively own 70.86% of the company.
• Home Depot exceeded quarterly expectations with $4.92 in EPS and $47.86 billion in revenue, up 5.7% year over year. The company also declared a quarterly dividend of $2.33 per share, implying an annualized yield of about 2.8%.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $375.54, though several firms lowered targets and ongoing margin pressure and weaker demand for major renovations remain concerns.

Trifecta Capital Advisors LLC acquired a new position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 21,124 shares of the home improvement retailer's stock, valued at approximately $7,450,000. Home Depot makes up approximately 1.0% of Trifecta Capital Advisors LLC's holdings, making the stock its 29th largest position.

Several other hedge funds have also recently bought and sold shares of the company. Gator Capital Management LLC acquired a new stake in shares of Home Depot in the 4th quarter valued at $3,693,000. King Luther Capital Management Corp raised its holdings in shares of Home Depot by 0.6% during 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 buying an additional 7,180 shares in the last quarter. Thompson Siegel & Walmsley LLC lifted its position in shares of Home Depot by 320.4% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 11,292 shares of the home improvement retailer's stock worth $3,886,000 after buying an additional 8,606 shares during the last quarter. Capital International Inc. CA lifted its position in shares of 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 worth $51,742,000 after buying an additional 6,187 shares during the last quarter. Finally, Sarasin & Partners LLP boosted its stake in 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 buying an additional 26,357 shares in the last quarter. 70.86% of the stock is owned by institutional investors.

Trending Headlines about 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

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Wolfe Research cut Home Depot from an "outperform" rating to a "peer perform" rating in a research report on Tuesday, June 23rd. UBS Group dropped their target price on shares of Home Depot from $430.00 to $420.00 and set a "buy" rating for the company in a report on Wednesday. Weiss Ratings upgraded shares of Home Depot from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, July 7th. Robert W. Baird decreased 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. Finally, Wall Street Zen upgraded shares of Home Depot from a "sell" rating to a "hold" rating in a research report on Tuesday, June 2nd. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $375.54.

Insider Transactions at Home Depot

In related news, CFO Richard V. Mcphail sold 5,989 shares of Home Depot 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 sale, the chief financial officer directly 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.08% of the stock is currently owned by company insiders.

Home Depot Price Performance

Shares of HD opened at $336.04 on Friday. The Home Depot, Inc. has a 12-month low of $289.10 and a 12-month high of $426.75. The business has a 50-day simple moving average of $340.86 and a two-hundred day simple moving average of $340.46. The company has a quick ratio of 0.28, a current ratio of 1.08 and a debt-to-equity ratio of 2.64. The stock has a market cap of $335.07 billion, a PE ratio of 23.52, a PEG ratio of 3.68 and a beta of 0.95.

Home Depot (NYSE:HD - Get Free Report) last posted its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 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 firm had revenue of $47.86 billion during the quarter, compared to the consensus estimate of $47.24 billion. During the same period last year, the company earned $4.68 earnings per share. The business'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. Analysts anticipate that The Home Depot, Inc. will post 14.99 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm also recently disclosed 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. 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 65.22%.

About Home Depot

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.

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