B&D White Capital Company LLC Buys 61,722 Shares of The Home Depot, Inc. $HD

Key Points

• B&D White Capital initiated a Home Depot position in Q3, buying 61,722 shares worth about $17.6 million; the stock now represents roughly 1.7% of its portfolio.
• Home Depot reported quarterly EPS of $4.92 and revenue of $47.86 billion, beating analyst estimates, with revenue up 5.7% year over year. The company’s FY 2026 EPS guidance is $14.69–$15.28.
• Housing-market weakness and potential cost pressures remain risks, though easing Treasury yields have recently supported housing-related shares. Analysts’ consensus rating is “Moderate Buy,” with an average price target of $375.31.

B&D White Capital Company LLC bought a new stake in The Home Depot, Inc. (NYSE:HD - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 61,722 shares of the home improvement retailer's stock, valued at approximately $17,559,000. Home Depot accounts for about 1.7% of B&D White Capital Company LLC's portfolio, making the stock its 20th largest position.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of Nova Scotia acquired a new stake in Home Depot in the 2nd quarter valued at about $118,723,000. AFT Forsyth & Company Inc. purchased a new stake in shares of Home Depot in the second quarter valued at approximately $1,896,000. Field & Main Bank acquired a new stake in shares of Home Depot in the second quarter valued at approximately $6,286,000. State Street Corp increased its holdings in shares of Home Depot by 1.1% in the second quarter. State Street Corp now owns 47,175,026 shares of the home improvement retailer's stock valued at $16,637,688,000 after purchasing an additional 499,168 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its position in Home Depot by 9.6% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 49,096 shares of the home improvement retailer's stock worth $17,315,000 after buying an additional 4,292 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company's stock.

Key Headlines Impacting Home Depot

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

• Positive Sentiment: After the midterm elections, housing-related stocks rallied as Treasury yields eased and investors anticipated lower borrowing costs and potential housing-affordability measures. That backdrop has renewed interest in Home Depot and helped lift its shares recently. Home Depot jumped, what is driving attention now?
• Neutral Sentiment: Home Depot joined other companies objecting to a proposed tokenized-stock venue. The reports give no reason for the objection or indication of a direct effect on the retailer’s operations. Apple and Home Depot join list of objectors to tokenized stock plan
• Negative Sentiment: The housing backdrop remains a concern: housing turnover is historically weak, and Home Depot’s management has indicated that customers are waiting for greater certainty before taking on big projects. One reason to buy Home Depot stock during a weak housing market
• Negative Sentiment: Analysts have flagged potential margin headwinds from rising input and fuel costs, as well as acquisition-related product mix, despite tariff refunds supporting recent margins. Home Depot's margin outlook faces inflationary headwinds

Insider Activity

In other news, CAO Kimberly R. Scardino sold 675 shares of Home Depot stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $305.95, for a total transaction of $206,516.25. Following the completion of the sale, the chief accounting officer directly owned 8,189 shares of the company's stock, valued at approximately $2,505,424.55. The trade was a 7.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Teresa Roseborough sold 2,455 shares of the business's stock in a transaction on Friday, August 28th. The stock was sold at an average price of $328.77, for a total transaction of $807,130.35. Following the transaction, the executive vice president owned 14,061 shares of the company's stock, valued at approximately $4,622,834.97. The trade was a 14.86% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 9,829 shares of company stock worth $3,339,314. Insiders own 0.08% of the company's stock.

Home Depot Trading Down 1.5%

Shares of NYSE HD opened at $349.96 on Friday. The stock has a market capitalization of $349.15 billion, a PE ratio of 24.49, a PEG ratio of 2.53 and a beta of 0.93. The company has a current ratio of 1.08, a quick ratio of 0.31 and a debt-to-equity ratio of 2.64. The stock has a fifty day simple moving average of $309.12 and a 200-day simple moving average of $334.24. The Home Depot, Inc. has a twelve month low of $277.15 and a twelve month high of $397.63.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings data on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share 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 firm had revenue of $47.86 billion during the quarter, compared to analysts' expectations of $47.24 billion. During the same quarter in the previous year, the business posted $4.68 earnings per share. The business's quarterly 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. On average, equities analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd were issued a dividend of $2.33 per share. This represents a $9.32 annualized dividend and a yield of 2.7%. The ex-dividend date was Thursday, September 3rd. Home Depot's payout ratio is 65.22%.

Wall Street Analyst Weigh In

HD has been the topic of a number of analyst reports. Wells Fargo & Company lifted their target price on shares of Home Depot from $360.00 to $400.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 11th. Jefferies Financial Group reiterated a "buy" rating and issued a $398.00 price objective on shares of Home Depot in a report on Tuesday, August 18th. Mizuho upped their price objective on Home Depot from $385.00 to $390.00 and gave the company an "outperform" rating in a report on Wednesday, August 19th. Sanford C. Bernstein lowered their price objective on Home Depot from $354.00 to $344.00 and set a "market perform" rating for the company in a research report on Wednesday, September 9th. Finally, TD Cowen reissued a "buy" rating on shares of Home Depot in a research note on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $375.31.

Home Depot Profile

The Home Depot, Inc is a home improvement retailer serving do-it-yourself customers, professional contractors, and other building and maintenance professionals. The company sells a broad selection of building materials, hardware, tools, appliances, paint, plumbing and electrical supplies, flooring, lighting, lawn and garden products, and home décor.

In addition to merchandise, Home Depot offers services such as product delivery, tool and equipment rental, credit services, and installation for selected products.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.