69,668 Shares in The Home Depot, Inc. $HD Acquired by Dearborn Partners LLC

Dearborn Partners LLC purchased a new stake in The Home Depot, Inc. (NYSE:HD - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 69,668 shares of the home improvement retailer's stock, valued at approximately $22,913,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Parvin Asset Management LLC raised its stake in Home Depot by 110.0% during the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer's stock worth $26,000 after acquiring an additional 33 shares in the last quarter. Advocate Investing Services LLC purchased a new stake in Home Depot in the fourth quarter valued at $25,000. Zeit Capital LLC acquired a new position in Home Depot in the second quarter valued at $26,000. Cache Advisors LLC acquired a new position in Home Depot in the first quarter valued at $27,000. Finally, Imprint Wealth LLC acquired a new position in Home Depot in the third quarter valued at $34,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Home Depot

In other Home Depot news, EVP Michael F. Rowe sold 710 shares of Home Depot stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $336.76, for a total value of $239,099.60. Following the transaction, the executive vice president directly owned 6,838 shares in the company, valued at approximately $2,302,764.88. This trade represents a 9.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 value of $2,086,567.60. Following the completion of the transaction, the chief financial officer directly owned 48,104 shares in the company, valued at approximately $16,759,433.60. The trade was a 11.07% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.08% of the stock is owned by corporate insiders.

Analyst Ratings Changes

HD has been the topic of a number of research analyst reports. Sanford C. Bernstein reiterated a "market perform" rating and set a $354.00 target price on shares of Home Depot in a research report on Wednesday, August 19th. The Goldman Sachs Group decreased their target price on Home Depot from $409.00 to $390.00 and set a "buy" rating for the company in a research report on Wednesday, May 20th. Weiss Ratings upgraded Home Depot from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, July 7th. DA Davidson restated a "buy" rating and set a $377.00 price target on shares of Home Depot in a research note on Wednesday, August 19th. Finally, Jefferies Financial Group reaffirmed a "buy" rating and set a $398.00 price target on shares of Home Depot in a research report on Tuesday, August 18th. Eighteen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $375.54.

Home Depot Trading Down 0.1%

Shares of Home Depot stock opened at $329.80 on Monday. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.31 and a current ratio of 1.08. The company has a market capitalization of $329.04 billion, a P/E ratio of 23.08, a PEG ratio of 3.64 and a beta of 0.95. The Home Depot, Inc. has a 1 year low of $289.10 and a 1 year high of $426.75. The company's fifty day moving average is $340.97 and its two-hundred day moving average is $338.46.

Home Depot (NYSE:HD - Get Free Report) last announced its earnings results 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. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. The business had revenue of $47.86 billion during the quarter, compared to analysts' expectations of $47.24 billion. During the same period in the prior year, the company earned $4.68 earnings per share. The business's revenue was up 5.7% compared to the same quarter last year. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Analysts forecast that The Home Depot, Inc. will post 15 earnings per share for the current year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Thursday, September 3rd will be given a $2.33 dividend. This represents a $9.32 annualized dividend and a yield of 2.8%. The ex-dividend date is Thursday, September 3rd. Home Depot's payout ratio is 65.22%.

More Home Depot News

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

• Positive Sentiment: Home Depot reported fiscal second-quarter sales of $47.86 billion, up 5.7% year over year and its strongest comparable-sales growth since 2022. Adjusted earnings of $4.92 per share exceeded the $4.73 analyst consensus, reinforcing the view that the retailer’s turnaround is gaining traction. The Home Depot Posts Record Sales Growth Amid CEO Leave
• Positive Sentiment: The company expanded its Magic Apron AI shopping assistant to every U.S. store. The tool provides localized product information, project guidance and store navigation through text, voice, images and multiple languages. Its potential to improve customer service, employee productivity and conversion rates supports the long-term growth narrative. The Home Depot Expands Magic Apron
• Neutral Sentiment: Analysts and recent commentary see significant upside if housing and remodeling demand recover, with Home Depot’s scale and professional-customer base viewed as competitive advantages. However, the stock remains below its 50-day and 200-day moving averages, indicating that investors have not fully embraced the turnaround thesis. Home Depot Turnaround Could Be Bigger Than Investors Expect
• Neutral Sentiment: Although Home Depot beat quarterly estimates, a reported $685 million tariff refund may have boosted results. Investors could discount part of the earnings strength if the benefit is viewed as nonrecurring. Home Depot Beat Q2 Estimates
• Negative Sentiment: CEO Ted Decker is on temporary medical leave, creating uncertainty around leadership even as operating performance improves. Separately, EVP Michael Rowe sold 710 shares valued at approximately $239,100, a relatively small transaction but a modest negative sentiment signal. Home Depot EVP Michael Rowe Sells Shares

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.

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