EverSource Wealth Advisors LLC Has $7.53 Million Holdings in The Home Depot, Inc. $HD

EverSource Wealth Advisors LLC decreased its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 42.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,338 shares of the home improvement retailer's stock after selling 15,874 shares during the quarter. EverSource Wealth Advisors LLC's holdings in Home Depot were worth $7,526,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of HD. Parvin Asset Management LLC boosted its stake in Home Depot by 110.0% in the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer's stock valued at $26,000 after acquiring an additional 33 shares during the last quarter. Advocate Investing Services LLC bought a new stake in shares of Home Depot during the 4th quarter valued at $25,000. Cache Advisors LLC acquired a new position in shares of Home Depot in the 1st quarter valued at $27,000. Imprint Wealth LLC acquired a new position in shares of Home Depot in the 3rd quarter valued at $34,000. Finally, Abound Financial LLC bought a new position in shares of Home Depot in the 4th quarter worth $29,000. 70.86% of the stock is owned by institutional investors.

Key Home Depot News

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 Home Depot stock opened at $343.91 on Thursday. The company has a market capitalization of $342.92 billion, a PE ratio of 24.07, a PEG ratio of 4.06 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 current ratio of 1.08, a quick ratio of 0.28 and a debt-to-equity ratio of 2.64. The stock's fifty day simple moving average is $340.56 and its 200 day simple moving average is $340.77.

Home Depot (NYSE:HD - Get Free Report) last posted its earnings results 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 return on equity of 106.42% and a net margin of 8.41%.The firm had revenue of $47.86 billion during the quarter, compared to analysts' expectations of $47.24 billion. During the same period in the previous year, the firm earned $4.68 earnings per share. The company'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, research analysts predict that The Home Depot, Inc. will post 14.99 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Argus reaffirmed a "buy" rating and set a $400.00 price objective on shares of Home Depot in a research note on Wednesday. Bank of America initiated coverage on Home Depot in a research note on Tuesday, May 5th. They issued a "buy" rating and a $374.00 target price on the stock. Sanford C. Bernstein restated a "market perform" rating and set a $354.00 target price on shares of Home Depot in a report on Wednesday. BNP Paribas Exane decreased their target price on Home Depot from $348.00 to $325.00 and set a "neutral" rating for the company in a research report on Tuesday, May 19th. Finally, Jefferies Financial Group reaffirmed a "buy" rating and issued a $398.00 price target on shares of Home Depot in a research note on Tuesday. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average 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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