Blue Edge Capital LLC Buys Shares of 15,949 The Home Depot, Inc. $HD

Key Points

• Blue Edge Capital initiated a Home Depot position by purchasing 15,949 shares worth approximately $5.6 million in the second quarter. Institutional investors collectively own 70.86% of the company.
• Home Depot exceeded quarterly expectations, reporting EPS of $4.92 versus $4.73 expected and revenue of $47.86 billion, up 5.7% year over year. The company also declared a $2.33 quarterly dividend, equivalent to an annualized $9.32 payout and roughly a 2.9% yield.
• Despite a “Moderate Buy” analyst consensus and a $375.54 average price target, shares face pressure from weak DIY demand, high mortgage rates and limited housing-market activity. Insiders have sold 9,154 shares worth approximately $3.1 million over the past three months.

Blue Edge Capital LLC purchased a new position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 15,949 shares of the home improvement retailer's stock, valued at approximately $5,625,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Redwood Investment Management LLC bought a new position in Home Depot during the second quarter worth $473,000. Proficio Capital Partners LLC bought a new stake in Home Depot in the second quarter valued at $4,514,000. Pure Financial Advisors LLC bought a new stake in Home Depot in the second quarter valued at $5,801,000. Payne Capital Management LLC bought a new position in shares of Home Depot during the 2nd quarter worth about $529,000. Finally, Transamerica Financial Advisors LLC bought a new position in shares of Home Depot during the 2nd quarter worth about $2,180,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Insider Buying and Selling at Home Depot

In related news, EVP Michael F. Rowe sold 710 shares of the firm's stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $336.76, for a total transaction of $239,099.60. Following the transaction, the executive vice president directly owned 6,838 shares of the company's stock, valued at $2,302,764.88. This trade represents a 9.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Teresa Wynn Roseborough sold 2,455 shares of the business's stock in a transaction dated 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 in the company, valued at approximately $4,622,834.97. This trade represents a 14.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 9,154 shares of company stock worth $3,132,798. Corporate insiders own 0.08% of the company's stock.

Key Stories Impacting Home Depot

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

• Positive Sentiment: Home Depot is expanding its AI-powered Magic Apron tools across all U.S. stores. The technology provides localized product searches and project assistance, potentially improving customer engagement and supporting the company’s “Pro” growth strategy. Some analysis estimates the stock could be roughly 15% undervalued if that growth narrative gains traction. Home Depot Could Be 15% Undervalued On Its Pro Growth Narrative
• Positive Sentiment: The retailer’s latest quarterly results exceeded expectations, with earnings of $4.92 per share versus the $4.73 consensus and revenue of $47.86 billion, up 5.7% year over year. Analysts maintain a “Moderate Buy” consensus rating and an average price target above the current trading level.
• Positive Sentiment: Home Depot is scheduled to pay a quarterly dividend of $2.33 per share on September 17 to shareholders of record on September 3. The annualized dividend is $9.32, representing a yield of approximately 2.8%.
• Neutral Sentiment: Chief Financial Officer Richard McPhail and merchandising executive Billy Bastek will present at the Goldman Sachs Global Consumer and Retail Conference on September 15. Investors may look for updated commentary on demand, housing trends, and the professional business. The Home Depot to Present at the Goldman Sachs Global Consumer and Retail Conference
• Negative Sentiment: High mortgage rates continue to discourage homeowners from moving, with the probability of changing residences reaching a record-low 13.5%. Home Depot reportedly sees “no sign” of a housing-market turnaround, which weighs on renovation and big-ticket project demand. Americans Stop Moving as Mortgage Lock-In Persists
• Negative Sentiment: DIY demand remains weak as consumers defer larger home-improvement projects. Digital sales, broader category gains, and higher big-ticket sales provide some offset, but continued consumer caution is a near-term concern. Home Depot Faces Weak DIY Demand
• Negative Sentiment: Executive Vice President Teresa Wynn Roseborough sold 2,455 shares valued at approximately $807,000, reducing her direct ownership by 14.86%. While a single insider sale does not establish a trend, it may add modest pressure to investor sentiment. Teresa Wynn Roseborough Sells Shares of Home Depot

Home Depot Trading Down 2.5%

HD opened at $319.70 on Wednesday. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.08 and a quick ratio of 0.31. The Home Depot, Inc. has a fifty-two week low of $289.10 and a fifty-two week high of $426.75. The firm has a market capitalization of $318.96 billion, a PE ratio of 22.37, a P/E/G ratio of 3.61 and a beta of 0.96. The company's 50-day moving average is $340.90 and its 200 day moving average is $337.53.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company's quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, research analysts predict that The Home Depot, Inc. will post 15 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

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 issued a dividend of $2.33 per share. The ex-dividend date is Thursday, September 3rd. This represents a $9.32 annualized dividend and a yield of 2.9%. Home Depot's dividend payout ratio is 65.22%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on HD shares. Weiss Ratings raised Home Depot from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, July 7th. Evercore cut their price target on Home Depot from $415.00 to $400.00 and set an "outperform" rating on the stock in a report on Wednesday, May 20th. Wolfe Research cut Home Depot from an "outperform" rating to a "peer perform" rating in a research note on Tuesday, June 23rd. Argus restated a "buy" rating and set a $400.00 price objective on shares of Home Depot in a report on Wednesday, August 19th. Finally, Wall Street Zen raised Home Depot from a "sell" rating to a "hold" rating in a research report on Tuesday, June 2nd. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Home Depot has an average rating of "Moderate Buy" and an average price target 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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