Ames National Corp Takes $2.61 Million Position in The Home Depot, Inc. $HD

Ames National Corp bought a new stake in The Home Depot, Inc. (NYSE:HD - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,392 shares of the home improvement retailer's stock, valued at approximately $2,607,000. Home Depot makes up 1.4% of Ames National Corp's holdings, making the stock its 16th biggest position.

A number of other institutional investors have also added to or reduced their stakes in the company. D.B. Root & Company LLC bought a new stake in Home Depot during the second quarter worth $1,364,000. Flavin Financial Services Inc. acquired a new stake in Home Depot in the second quarter valued at $3,370,000. GSG Advisors LLC bought a new position in shares of Home Depot in the 2nd quarter valued at about $843,000. Asset One Wealth Management LLC bought a new position in shares of Home Depot in the 2nd quarter valued at about $5,440,000. Finally, Investor s Fiduciary Advisor Network LLC acquired a new position in shares of Home Depot during the 2nd quarter worth about $1,169,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Guggenheim reaffirmed a "buy" rating and issued a $425.00 target price on shares of Home Depot in a report on Wednesday, August 19th. Wells Fargo & Company lifted their price target on Home Depot from $360.00 to $400.00 and gave the stock an "overweight" rating in a report on Tuesday, August 11th. Jefferies Financial Group reissued a "buy" rating and set a $398.00 price target on shares of Home Depot in a research report on Tuesday, August 18th. Oppenheimer dropped their price objective on Home Depot from $405.00 to $310.00 and set a "market perform" rating on the stock in a research note on Monday, May 18th. Finally, Weiss Ratings upgraded Home Depot from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, July 7th. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $375.54.

Home Depot Stock Performance

NYSE:HD opened at $329.80 on Monday. The stock has a fifty day moving average price of $340.97 and a 200-day moving average price of $338.46. The company has a market cap of $329.04 billion, a price-to-earnings ratio of 23.08, a PEG ratio of 3.64 and a beta of 0.95. 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 Home Depot, Inc. has a fifty-two week low of $289.10 and a fifty-two week high of $426.75.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 EPS for the quarter, topping analysts' consensus estimates of $4.73 by $0.19. The company had revenue of $47.86 billion for the quarter, compared to analysts' expectations of $47.24 billion. Home Depot had a return on equity of 106.42% and a net margin of 8.41%.Home Depot's revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the business earned $4.68 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, equities analysts anticipate that The Home Depot, Inc. will post 15 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd will be paid a dividend of $2.33 per share. 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 is presently 65.22%.

Insider Activity

In other Home Depot news, CFO Richard V. Mcphail sold 5,989 shares of the company's stock in a transaction on Wednesday, August 19th. The stock was 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 in the company, valued at $16,759,433.60. This represents a 11.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael F. Rowe sold 710 shares of the firm's stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $336.76, for a total value of $239,099.60. Following the completion of the sale, the executive vice president directly owned 6,838 shares in the company, valued at approximately $2,302,764.88. This represents a 9.41% decrease in their position. The SEC filing for this sale provides additional information. 0.08% of the stock is owned by company insiders.

Key Headlines Impacting Home Depot

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

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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