Family Legacy Inc. Takes Position in The Home Depot, Inc. $HD

Key Points

• Family Legacy Inc. purchased 15,085 Home Depot shares worth approximately $5.32 million in the second quarter, making HD its 23rd-largest holding and representing 1.4% of its portfolio.
• Home Depot exceeded quarterly expectations with $4.92 in EPS and $47.86 billion in revenue, while revenue grew 5.7% year over year. The company also declared a $2.33 quarterly dividend, equivalent to a 2.8% annualized yield.
• Analyst sentiment remains moderately positive, with 18 Buy, 13 Hold and one Sell rating and an average price target of $375.54, though margin pressure, cautious consumer spending and mixed target-price revisions remain risks.

Family Legacy Inc. bought a new position in The Home Depot, Inc. (NYSE:HD - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 15,085 shares of the home improvement retailer's stock, valued at approximately $5,320,000. Home Depot accounts for about 1.4% of Family Legacy Inc.'s investment portfolio, making the stock its 23rd largest holding.

Several other institutional investors and hedge funds have also made changes to their positions in HD. Gator Capital Management LLC bought a new stake in shares of Home Depot in the 4th quarter valued at about $3,693,000. King Luther Capital Management Corp increased its holdings 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 valued at $426,848,000 after buying an additional 7,180 shares during the period. Thompson Siegel & Walmsley LLC increased its holdings 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 valued at $3,886,000 after buying an additional 8,606 shares during the period. Capital International Inc. CA lifted its holdings in shares of Home Depot by 4.3% during the 4th quarter. Capital International Inc. CA now owns 150,368 shares of the home improvement retailer's stock valued at $51,742,000 after purchasing an additional 6,187 shares during the last quarter. Finally, Sarasin & Partners LLP grew its stake 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 acquiring an additional 26,357 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Home Depot Stock Performance

HD opened at $336.04 on Friday. The Home Depot, Inc. has a twelve month low of $289.10 and a twelve month high of $426.75. The firm has a market capitalization of $335.07 billion, a PE ratio of 23.52, a PEG ratio of 3.68 and a beta of 0.95. 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 firm's 50-day moving average price is $340.86 and its 200 day moving average price is $340.46.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings data on Tuesday, August 18th. The home improvement retailer reported $4.92 EPS for the quarter, beating analysts' consensus estimates of $4.73 by $0.19. The company had revenue of $47.86 billion during the quarter, compared to the consensus estimate of $47.24 billion. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. Home Depot's quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.68 EPS. 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 EPS for the current fiscal year.

Home Depot Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Jefferies Financial Group reaffirmed a "buy" rating and set a $398.00 target price on shares of Home Depot in a report on Tuesday. Oppenheimer dropped their target price on Home Depot from $405.00 to $310.00 and set a "market perform" rating on the stock in a report on Monday, May 18th. Sanford C. Bernstein reissued a "market perform" rating and issued a $354.00 price target on shares of Home Depot in a report on Wednesday. Telsey Advisory Group lowered their price objective on Home Depot from $435.00 to $410.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 20th. 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. Eighteen research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Home Depot has an average rating of "Moderate Buy" and an average price target of $375.54.

Key Home Depot News

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

• Positive Sentiment: Home Depot’s latest quarter showed solid execution: earnings and revenue exceeded consensus estimates, while sales increased year over year. Bank of America characterized the results as resilient despite a difficult housing backdrop. Home Depot Q2 results analysis
• Positive Sentiment: The board declared a quarterly dividend of $2.33 per share, payable September 17 to shareholders of record September 3. The annualized payout implies a yield of approximately 2.8%, supporting the stock’s income appeal. Home Depot declares quarterly dividend
• Positive Sentiment: DA Davidson, Argus and Guggenheim reiterated or assigned “Buy” ratings, indicating continued confidence in Home Depot’s long-term positioning. The company is also expanding nationwide express delivery to make smaller projects more convenient for cautious consumers. DA Davidson buy rating Home Depot expands express delivery
• Neutral Sentiment: Royal Bank of Canada lowered its price target to $342, while KeyCorp maintained a Sector Weight rating. The mixed recommendations suggest limited near-term upside despite the earnings beat. RBC lowers Home Depot price target
• Neutral Sentiment: Home Depot expanded executive responsibilities and awarded restricted stock, changes intended to support leadership continuity but with no immediate earnings impact. Home Depot executive changes
• Negative Sentiment: Reports highlight margin pressure and an uphill sales environment as customers delay or reduce spending on major renovations. This could constrain comparable sales and profitability even after the recent quarterly beat. Home Depot margin pressure Home Depot customer spending concerns
• Negative Sentiment: CFO Richard McPhail sold 5,989 shares worth approximately $2.1 million, reducing his position by 11.1%. While insider sales do not necessarily signal deteriorating fundamentals, the transaction may weigh modestly on sentiment. Home Depot CFO stock sale

Insider Buying and Selling

In other Home Depot news, CFO Richard V. Mcphail sold 5,989 shares of the business's stock in a transaction dated 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 transaction, the chief financial officer directly owned 48,104 shares in the company, valued at $16,759,433.60. The trade was a 11.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.08% of the stock is owned by company insiders.

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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