Asset One Wealth Management LLC Purchases New Position in The Home Depot, Inc. $HD

Key Points

• Asset One Wealth Management acquired 15,932 Home Depot shares during the second quarter, worth approximately $5.44 million. Institutional investors and hedge funds collectively own 70.86% of HD.
• Home Depot exceeded quarterly expectations with $4.92 in EPS and $47.86 billion in revenue, up 5.7% year over year. The company maintained FY 2026 EPS guidance of $14.69–$15.28 and announced a quarterly dividend of $2.33 per share.
• Analysts have a “Moderate Buy” consensus and an average price target of $375.54, but risks include CEO Ted Decker’s medical leave, executive share sales, and the possibility that a $685 million tariff refund inflated recent results.

Asset One Wealth Management LLC acquired a new position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 15,932 shares of the home improvement retailer's stock, valued at approximately $5,440,000.

Several other large investors have also modified their holdings of HD. Curio Wealth LLC boosted its stake in shares of Home Depot by 13.5% during the fourth quarter. Curio Wealth LLC now owns 218 shares of the home improvement retailer's stock worth $76,000 after buying an additional 26 shares during the period. Moneco Advisors LLC raised its position in Home Depot by 0.3% during the 4th quarter. Moneco Advisors LLC now owns 8,743 shares of the home improvement retailer's stock worth $3,008,000 after buying an additional 27 shares during the last quarter. Noesis Capital Mangement Corp raised its position in Home Depot by 1.5% during the 4th quarter. Noesis Capital Mangement Corp now owns 1,770 shares of the home improvement retailer's stock worth $609,000 after buying an additional 27 shares during the last quarter. Eubel Brady & Suttman Asset Management Inc. lifted its stake in shares of Home Depot by 1.3% in the 4th quarter. Eubel Brady & Suttman Asset Management Inc. now owns 2,130 shares of the home improvement retailer's stock worth $733,000 after acquiring an additional 27 shares during the period. Finally, Mill Capital Management LLC boosted its holdings in shares of Home Depot by 0.4% in the fourth quarter. Mill Capital Management LLC now owns 7,377 shares of the home improvement retailer's stock valued at $2,538,000 after acquiring an additional 27 shares in the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Price Performance

HD opened at $329.80 on Monday. The Home Depot, Inc. has a 52-week low of $289.10 and a 52-week high of $426.75. The company has a market cap of $329.04 billion, a P/E ratio of 23.08, a P/E/G ratio of 3.64 and a beta of 0.95. 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 company has a 50 day moving average of $340.97 and a two-hundred day moving average of $338.46.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings data 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%.The firm's quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.68 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, analysts expect that The Home Depot, Inc. will post 15 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd will be paid a dividend of $2.33 per share. The ex-dividend date is Thursday, September 3rd. This represents a $9.32 annualized dividend and a dividend yield of 2.8%. Home Depot's dividend payout ratio (DPR) is currently 65.22%.

Key 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

Insider Transactions at Home Depot

In other news, CFO Richard V. Mcphail sold 5,989 shares of the company's stock in a transaction dated 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 sale, the chief financial officer owned 48,104 shares in the company, valued at approximately $16,759,433.60. This represents a 11.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 completion of the transaction, the executive vice president owned 6,838 shares of the company's stock, valued at approximately $2,302,764.88. The trade was a 9.41% decrease in their position. The SEC filing for this sale provides additional information. 0.08% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on HD shares. Royal Bank Of Canada lowered their price target on shares of Home Depot from $343.00 to $342.00 and set a "sector perform" rating on the stock in a research note on Wednesday, August 19th. Argus reiterated a "buy" rating and issued a $400.00 price objective on shares of Home Depot in a research report on Wednesday, August 19th. Wolfe Research cut shares of Home Depot from an "outperform" rating to a "peer perform" rating in a research note on Tuesday, June 23rd. Robert W. Baird cut their price objective on Home Depot from $430.00 to $380.00 and set an "outperform" rating for the company in a research report on Wednesday, May 20th. Finally, UBS Group decreased their price objective on Home Depot from $430.00 to $420.00 and set a "buy" rating on the stock in a research note on Wednesday, August 19th. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $375.54.

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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