Capital Square LLC acquired a new stake in The Home Depot, Inc. (NYSE:HD - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 9,145 shares of the home improvement retailer's stock, valued at approximately $3,140,000. Home Depot makes up 1.4% of Capital Square LLC's investment portfolio, making the stock its 14th largest holding.
Several other large investors have also recently added to or reduced their stakes in HD. BlackRock Inc. purchased a new stake in shares of Home Depot during the second quarter worth $28,771,247,000. Norges Bank purchased a new position in Home Depot in the fourth quarter valued at $4,850,329,000. Bank of New York Mellon Corp purchased a new position in Home Depot in the second quarter valued at $2,777,396,000. Wellington Management Group LLP grew its stake in Home Depot by 60.8% during the 3rd quarter. Wellington Management Group LLP now owns 10,143,089 shares of the home improvement retailer's stock worth $4,109,878,000 after purchasing an additional 3,836,051 shares in the last quarter. Finally, Cardano Risk Management B.V. increased its holdings in Home Depot by 901.5% during the 4th quarter. Cardano Risk Management B.V. now owns 3,290,540 shares of the home improvement retailer's stock worth $1,132,275,000 after purchasing an additional 2,961,979 shares during the period. 70.86% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Home Depot
In other Home Depot news, EVP Michael F. Rowe sold 710 shares of the firm's stock in a transaction 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 sale, the executive vice president owned 6,838 shares of the company's stock, valued at approximately $2,302,764.88. This trade represents a 9.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Richard V. Mcphail sold 5,989 shares of the business'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 sale, the chief financial officer owned 48,104 shares in the company, valued at $16,759,433.60. The trade was a 11.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.08% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts have recently commented on HD shares. Wells Fargo & Company boosted their price objective on Home Depot from $360.00 to $400.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 11th. TD Cowen reaffirmed a "buy" rating on shares of Home Depot in a report on Monday, August 10th. Argus reiterated a "buy" rating and issued a $400.00 price target on shares of Home Depot in a research note on Wednesday, August 19th. Sanford C. Bernstein reiterated a "market perform" rating and issued a $354.00 price target on shares of Home Depot in a research note on Wednesday, August 19th. Finally, Oppenheimer lowered their price target on shares of Home Depot from $405.00 to $310.00 and set a "market perform" rating for the company in a report on Monday, May 18th. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $375.54.
Check Out Our Latest Stock Report on HD
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
Home Depot Stock Performance
Shares of Home Depot stock opened at $329.80 on Friday. The firm's fifty day simple moving average is $340.97 and its 200-day simple moving average is $338.75. The stock has a market capitalization 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 Home Depot, Inc. has a 12 month low of $289.10 and a 12 month high of $426.75. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.08 and a quick ratio of 0.31.
Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.73 by $0.19. Home Depot had a return on equity of 106.42% and a net margin of 8.41%.The firm had revenue of $47.86 billion for the quarter, compared to analysts' expectations of $47.24 billion. During the same quarter in the previous year, the firm posted $4.68 EPS. The firm's revenue for the quarter was up 5.7% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, equities analysts forecast that The Home Depot, Inc. will post 15 earnings per share for the current year.
Home Depot Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd will be given a $2.33 dividend. The ex-dividend date is Thursday, September 3rd. This represents a $9.32 annualized dividend and a yield of 2.8%. Home Depot's dividend payout ratio is presently 65.22%.
Home Depot Company Profile
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Free Report)
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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