D.A. Davidson & CO. Sells 9,264 Shares of The Home Depot, Inc. $HD

Key Points

• D.A. Davidson reduced its Home Depot stake by 10.7%, selling 9,264 shares during the second quarter and retaining 77,066 shares valued at approximately $27.18 million.
• Home Depot reported a strong second quarter, with adjusted EPS of $4.92 beating estimates and revenue rising 5.7% year over year to $47.86 billion. Comparable sales increased 1.7%, supported by repair and maintenance demand, professional customers, and digital sales.
• Analyst sentiment remains favorable, with Home Depot carrying a “Moderate Buy” consensus rating and an average price target of $375.54, despite some analysts recently lowering their targets.

D.A. Davidson & CO. trimmed its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 10.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 77,066 shares of the home improvement retailer's stock after selling 9,264 shares during the quarter. D.A. Davidson & CO.'s holdings in Home Depot were worth $27,180,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Gator Capital Management LLC bought a new position in Home Depot during the 4th quarter valued at about $3,693,000. King Luther Capital Management Corp grew its stake in Home Depot by 0.6% during the fourth quarter. King Luther Capital Management Corp now owns 1,240,478 shares of the home improvement retailer's stock worth $426,848,000 after buying an additional 7,180 shares during the last quarter. Thompson Siegel & Walmsley LLC grew its stake in Home Depot by 320.4% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 11,292 shares of the home improvement retailer's stock worth $3,886,000 after buying an additional 8,606 shares during the last quarter. Capital International Inc. CA increased its holdings in shares of Home Depot by 4.3% during the fourth quarter. Capital International Inc. CA now owns 150,368 shares of the home improvement retailer's stock worth $51,742,000 after buying an additional 6,187 shares in the last quarter. Finally, Sarasin & Partners LLP increased its holdings in shares of Home Depot by 4.0% during the second quarter. Sarasin & Partners LLP now owns 687,219 shares of the home improvement retailer's stock worth $242,368,000 after buying an additional 26,357 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors.

Key Headlines Impacting Home Depot

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

• Positive Sentiment: Q2 beat expectations: Adjusted EPS was $4.92 versus the $4.73 consensus, while revenue rose 5.7% year over year to $47.86 billion, exceeding estimates of roughly $47.2 billion. Home Depot reaffirms guidance amid frozen housing market conditions
• Positive Sentiment: Comparable sales improved: Total comparable sales increased 1.7%, the best performance since 2022, with U.S. comps up 1.3%. Smaller repair, maintenance and DIY projects helped offset weakness in large renovations. Home Depot beats quarterly sales estimates on steady repair demand
• Positive Sentiment: Pro and digital momentum: Professional-customer demand, project activity and record online sales supported results. Nationwide Express Delivery, using more than 2,000 stores as local fulfillment hubs, could improve convenience, order frequency and customer retention. The Home Depot expands nationwide express delivery
• Positive Sentiment: Analyst support: Guggenheim, Argus and DA Davidson reaffirmed Buy ratings, with price targets ranging from $377 to $425, suggesting additional upside if the housing market recovers.

Home Depot Stock Performance

Shares of HD stock opened at $343.91 on Thursday. The stock has a market cap of $342.92 billion, a PE ratio of 24.07, a price-to-earnings-growth ratio of 4.06 and a beta of 0.95. The stock has a 50-day moving average of $340.56 and a 200-day moving average of $340.77. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.08 and a quick ratio of 0.28. The Home Depot, Inc. has a one year low of $289.10 and a one year high of $426.75.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings data 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. 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 company earned $4.68 earnings per share. The business'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, sell-side analysts expect that The Home Depot, Inc. will post 14.99 earnings per share for the current year.

Analysts Set New Price Targets

HD has been the topic of several recent analyst reports. TD Cowen reissued a "buy" rating on shares of Home Depot in a report on Monday, August 10th. Guggenheim reaffirmed a "buy" rating and set a $425.00 price target on shares of Home Depot in a report on Wednesday. Morgan Stanley cut their price objective on Home Depot from $420.00 to $400.00 and set an "overweight" rating for the company in a research report on Wednesday, May 20th. Piper Sandler reduced their price objective on Home Depot from $422.00 to $421.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 20th. Finally, KeyCorp restated a "sector weight" rating on shares of Home Depot in a report on Wednesday. Eighteen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Home Depot presently has an average rating of "Moderate Buy" and a consensus 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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