Emerald Investment Advisers LLC Purchases New Stake in The Home Depot, Inc. $HD

Emerald Investment Advisers LLC acquired a new stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 30,465 shares of the home improvement retailer's stock, valued at approximately $10,744,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Advocate Investing Services LLC acquired a new stake in Home Depot during the fourth quarter valued at approximately $25,000. Parvin Asset Management LLC grew its position in shares of Home Depot by 110.0% in the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer's stock worth $26,000 after acquiring an additional 33 shares in the last quarter. Zeit Capital LLC acquired a new position in shares of Home Depot in the 2nd quarter worth approximately $26,000. Cache Advisors LLC bought a new stake in shares of Home Depot in the 1st quarter valued at approximately $27,000. Finally, Merkkuri Wealth Advisors LLC acquired a new stake in shares of Home Depot during the 1st quarter valued at approximately $28,000. Institutional investors own 70.86% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on HD shares. Mizuho raised their price objective on Home Depot from $385.00 to $390.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 19th. Morgan Stanley lowered their target price on shares of Home Depot from $420.00 to $400.00 and set an "overweight" rating for the company in a research note on Wednesday, May 20th. Wolfe Research cut shares of Home Depot from an "outperform" rating to a "peer perform" rating in a report on Tuesday, June 23rd. Royal Bank Of Canada cut their price target on Home Depot from $343.00 to $342.00 and set a "sector perform" rating on the stock in a report on Wednesday, August 19th. Finally, Stifel Nicolaus boosted their price objective on Home Depot from $320.00 to $340.00 and gave the company a "hold" rating in a research report on Monday, August 17th. Eighteen research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Home Depot has an average rating of "Moderate Buy" and an average target price of $375.54.

Home Depot Stock Up 0.4%

Home Depot stock opened at $329.80 on Friday. The Home Depot, Inc. has a 52 week low of $289.10 and a 52 week high of $426.75. The stock has a market cap of $329.04 billion, a price-to-earnings ratio of 23.08, a PEG ratio of 3.62 and a beta of 0.95. The company's 50-day moving average price is $340.97 and its two-hundred day moving average price is $338.75. The company has a current ratio of 1.08, a quick ratio of 0.31 and a debt-to-equity ratio of 2.64.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings data 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 net margin of 8.41% and a return on equity of 106.42%. The business had revenue of $47.86 billion during the quarter, compared to analysts' expectations of $47.24 billion. During the same period last year, the firm posted $4.68 earnings per share. The business's revenue was up 5.7% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, analysts expect that The Home Depot, Inc. will post 15 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd will be paid a dividend of $2.33 per share. This represents a $9.32 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Thursday, September 3rd. Home Depot's dividend payout ratio (DPR) is presently 65.22%.

Home Depot News Roundup

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

Insiders Place Their Bets

In other news, EVP Michael F. Rowe sold 710 shares of Home Depot stock in a transaction on Wednesday, August 26th. The stock was 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 in the company, valued at approximately $2,302,764.88. This trade represents a 9.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Richard V. Mcphail sold 5,989 shares of the company's stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $348.40, for a total value of $2,086,567.60. Following the completion of the sale, the chief financial officer owned 48,104 shares of the company's stock, valued at approximately $16,759,433.60. This trade represents a 11.07% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.08% of the company's stock.

About Home Depot

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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