Diversify Advisory Services LLC Buys 3,913 Shares of The Home Depot, Inc. $HD

Diversify Advisory Services LLC grew its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 11.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 37,114 shares of the home improvement retailer's stock after buying an additional 3,913 shares during the quarter. Diversify Advisory Services LLC's holdings in Home Depot were worth $11,440,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. BlackRock Inc. purchased a new position in Home Depot during the second quarter valued at approximately $28,771,247,000. State Street Corp lifted its holdings in 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 acquiring an additional 499,168 shares during the period. Bank of America Corp DE acquired a new position in Home Depot in the second quarter valued at approximately $5,780,468,000. Bank of New York Mellon Corp acquired a new position in Home Depot in the second quarter valued at approximately $2,777,396,000. Finally, Amundi boosted its position in Home Depot by 26.4% in the 2nd quarter. Amundi now owns 7,339,614 shares of the home improvement retailer's stock worth $2,588,535,000 after purchasing an additional 1,533,276 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company's stock.

Home Depot Price Performance

Shares of Home Depot stock opened at $315.04 on Wednesday. The firm has a market cap of $314.31 billion, a PE ratio of 22.05, a P/E/G ratio of 2.20 and a beta of 1.00. The Home Depot, Inc. has a twelve month low of $277.15 and a twelve month high of $397.63. 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 business has a 50-day moving average price of $310.94 and a 200 day moving average price of $323.93.

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, topping analysts' consensus estimates of $4.73 by $0.19. Home Depot had a return on equity of 106.42% and a net margin of 8.41%. The company had revenue of $47.86 billion for the quarter, compared to the consensus estimate of $47.24 billion. During the same quarter in the prior year, the business posted $4.68 earnings per share. Home Depot'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. Sell-side analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd were paid a dividend of $2.33 per share. This represents a $9.32 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Thursday, September 3rd. Home Depot's dividend payout ratio is presently 65.22%.

Analysts Set New Price Targets

HD has been the topic of a number of analyst reports. TD Cowen reaffirmed a "buy" rating on shares of Home Depot in a research note on Monday, August 10th. Argus reaffirmed a "buy" rating and set a $400.00 target price on shares of Home Depot in a report on Wednesday, August 19th. Melius Research set a $397.00 target price on shares of Home Depot in a research note on Tuesday, October 6th. Sanford C. Bernstein decreased their target price on shares of Home Depot from $354.00 to $344.00 and set a "market perform" rating for the company in a research note on Wednesday, September 9th. Finally, Truist Financial increased their price target on shares of Home Depot from $369.00 to $373.00 and gave the stock a "buy" rating in a report on Wednesday, August 19th. One 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 given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $375.93.

Insiders Place Their Bets

In related news, EVP Teresa Roseborough sold 2,455 shares of Home Depot stock in a transaction on Friday, August 28th. The shares were sold at an average price of $328.77, for a total value of $807,130.35. Following the sale, the executive vice president owned 14,061 shares of the company's stock, valued at approximately $4,622,834.97. This trade represents a 14.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Kimberly R. Scardino sold 675 shares of the business's stock in a transaction on Thursday, September 10th. The stock was 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. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 9,829 shares of company stock valued at $3,339,314. Corporate insiders own 0.08% of the company's stock.

More Home Depot News

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

• Positive Sentiment: Home Depot is strengthening its position with professional contractors through strategic acquisitions, an expanded logistics network, and a greater emphasis on trade customers. Analysts and financial commentators view this strategy as a potential long-term growth driver. Alibaba vs. Home Depot: Which Consumer Stock Is a Better Buy in 2026?
• Positive Sentiment: Recent coverage describes Home Depot as a momentum and long-term stock candidate, citing improving growth in recent quarters and the company’s leadership in home improvement. That constructive framing likely supported buying interest. Should You Buy Home Depot Stock Before Nov. 17?
• Neutral Sentiment: Home Depot has become a heavily watched stock on Zacks, prompting renewed discussion of its earnings outlook, valuation, and investment style scores. The attention may increase trading activity but does not represent a fundamental change by itself. Here is What to Know Beyond Why The Home Depot, Inc. (HD) is a Trending Stock
• Neutral Sentiment: Investors are looking ahead to Home Depot’s third-quarter earnings report, scheduled for next month. Expectations for continued improvement have increased, but the report remains an important catalyst for validating the recent optimism. Should You Buy Home Depot Stock Before Nov. 17?
• Negative Sentiment: Commentary notes that housing-market activity remains constrained and that Home Depot trades at a valuation requiring investors to believe in successful strategic execution. These factors could limit upside if consumer demand or renovation spending remains weak. What Changed In Home Depot's Story?

Home Depot Company 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.

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