7,968 Shares in The Home Depot, Inc. $HD Bought by Dockside LLC

Key Points

• Dockside LLC bought 7,968 Home Depot shares in the second quarter, valued at approximately $2.81 million. 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, while declaring a $2.33 quarterly dividend, equivalent to a 2.8% annualized yield.
• Analyst sentiment remains favorable, with an overall “Moderate Buy” rating and an average price target of $375.54, though margin pressure, cautious renovation spending and a $2.1 million CFO stock sale remain concerns.

Dockside LLC purchased a new stake in The Home Depot, Inc. (NYSE:HD - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 7,968 shares of the home improvement retailer's stock, valued at approximately $2,810,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of HD. Parvin Asset Management LLC grew its holdings in Home Depot by 110.0% during the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer's stock worth $26,000 after buying an additional 33 shares in the last quarter. Advocate Investing Services LLC bought a new position in Home Depot during the 4th quarter valued at $25,000. Cache Advisors LLC purchased a new position in Home Depot during the 1st quarter worth $27,000. Imprint Wealth LLC purchased a new position in Home Depot during the 3rd quarter worth $34,000. Finally, Abound Financial LLC bought a new stake in shares of Home Depot in the 4th quarter worth $29,000. Institutional investors own 70.86% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on HD. Truist Financial boosted their price target on shares of Home Depot from $369.00 to $373.00 and gave the stock a "buy" rating in a report on Wednesday. Citigroup dropped their target price on shares of Home Depot from $450.00 to $400.00 and set a "buy" rating on the stock in a research report on Tuesday, May 12th. Bank of America started coverage on Home Depot in a research note on Tuesday, May 5th. They issued a "buy" rating and a $374.00 target price on the stock. Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $354.00 target price on shares of Home Depot in a report on Wednesday. Finally, Weiss Ratings raised Home Depot from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, July 7th. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Home Depot has an average rating of "Moderate Buy" and an average target price of $375.54.

Insiders Place Their Bets

In related news, CFO Richard V. Mcphail sold 5,989 shares of the company'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 sale, the chief financial officer owned 48,104 shares of the company's stock, valued at approximately $16,759,433.60. This represents a 11.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.08% of the company's stock.

Home Depot News Roundup

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

Home Depot Stock Performance

NYSE:HD opened at $336.04 on Friday. The business's fifty day moving average is $340.86 and its 200 day moving average is $340.46. The firm has a market cap of $335.07 billion, a price-to-earnings ratio of 23.52, a PEG 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. The Home Depot, Inc. has a 52-week low of $289.10 and a 52-week high of $426.75.

Home Depot (NYSE:HD - Get Free Report) last issued its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 EPS for the quarter, topping the consensus estimate of $4.73 by $0.19. The business had revenue of $47.86 billion during the quarter, compared to the consensus estimate of $47.24 billion. Home Depot had a return on equity of 106.42% and a net margin of 8.41%.The firm's revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the company earned $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Research analysts predict that The Home Depot, Inc. will post 14.99 EPS for the current year.

Home Depot Dividend Announcement

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