Empowered Funds LLC bought a new stake in The Home Depot, Inc. (NYSE:HD - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 133,854 shares of the home improvement retailer's stock, valued at approximately $47,208,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Parvin Asset Management LLC lifted its stake 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 purchasing an additional 33 shares during the period. Zeit Capital LLC bought a new stake in Home Depot during the second quarter valued at approximately $26,000. Advocate Investing Services LLC bought a new stake in Home Depot during the fourth quarter valued at approximately $25,000. Cache Advisors LLC purchased a new stake in Home Depot during the first quarter valued at approximately $27,000. Finally, Imprint Wealth LLC purchased a new stake in Home Depot during the third quarter valued at approximately $34,000. 70.86% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Home Depot
In other news, EVP Teresa Wynn Roseborough sold 2,455 shares of the company's stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $328.77, for a total value of $807,130.35. Following the completion of the transaction, the executive vice president owned 14,061 shares of the company's stock, valued at $4,622,834.97. This represents a 14.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Michael F. Rowe sold 710 shares of the stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $336.76, for a total value of $239,099.60. Following the sale, the executive vice president owned 6,838 shares of the company's stock, valued at $2,302,764.88. This represents a 9.41% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 9,154 shares of company stock valued at $3,132,798 over the last 90 days. Company insiders own 0.08% of the company's stock.
Key Home Depot News
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 Stock Down 2.5%
Shares of HD stock opened at $319.70 on Wednesday. The company has a market capitalization of $318.96 billion, a price-to-earnings ratio of 22.37, a PEG ratio of 3.61 and a beta of 0.96. The Home Depot, Inc. has a one year low of $289.10 and a one year high of $426.75. The company's fifty day moving average price is $340.90 and its 200-day moving average price is $337.53. 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 released its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share for the quarter, beating analysts' consensus estimates of $4.73 by $0.19. The company had revenue of $47.86 billion for the quarter, compared to analysts' expectations of $47.24 billion. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. Home Depot's revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Sell-side analysts expect that The Home Depot, Inc. will post 15 EPS for the current fiscal year.
Home Depot Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd will be given a $2.33 dividend. This represents a $9.32 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Thursday, September 3rd. Home Depot's payout ratio is presently 65.22%.
Wall Street Analysts Forecast Growth
HD has been the topic of several analyst reports. HSBC dropped their price target on shares of Home Depot from $392.00 to $310.00 and set a "hold" rating on the stock in a research note on Wednesday, May 20th. Wolfe Research cut Home Depot from an "outperform" rating to a "peer perform" rating in a report on Tuesday, June 23rd. Truist Financial lifted their target price on Home Depot from $369.00 to $373.00 and gave the company a "buy" rating in a research report on Wednesday, August 19th. Jefferies Financial Group reissued a "buy" rating and set a $398.00 price target on shares of Home Depot in a report on Tuesday, August 18th. Finally, Argus restated a "buy" rating and issued a $400.00 price target on shares of Home Depot in a research report on Wednesday, August 19th. Eighteen equities research 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. According to data from MarketBeat, Home Depot currently has an average rating of "Moderate Buy" and a consensus target price of $375.54.
Read Our Latest Report on HD
Home Depot Profile
(
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Home Depot, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Home Depot wasn't on the list.
While Home Depot currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy is entering a new growth cycle as rising power demand, expanding data centers, and renewed policy support bring the sector back into focus. After strong gains in recent years, the most impactful phase of nuclear investment may still be ahead.
This report highlights seven nuclear energy stocks positioned across the value chain—combining near-term revenue with long-term upside as next-generation technologies scale. Click the link below to unlock the full list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
