Fischer Financial Services Inc. Makes New Investment in The Home Depot, Inc. $HD

Key Points

• Fischer Financial Services initiated a $2.34 million Home Depot position, purchasing 6,622 shares in the second quarter. Institutional investors and hedge funds collectively own 70.86% of the retailer.
• Home Depot exceeded second-quarter expectations, reporting $4.92 in EPS and $47.86 billion in revenue, up 5.7% year over year. However, a $685 million tariff refund may have provided a one-time boost to results.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $375.54. The company also declared a quarterly dividend of $2.33 per share, representing a 2.8% yield.

Fischer Financial Services Inc. acquired a new stake in The Home Depot, Inc. (NYSE:HD - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 6,622 shares of the home improvement retailer's stock, valued at approximately $2,335,000. Home Depot accounts for about 0.6% of Fischer Financial Services Inc.'s investment portfolio, making the stock its 23rd largest holding.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. SGL Investment Advisors Inc. bought a new position in shares of Home Depot during the second quarter worth approximately $6,004,000. Advisors Capital Management LLC acquired a new stake in Home Depot during the second quarter worth approximately $57,887,000. MJP Associates Inc. ADV acquired a new stake in Home Depot during the second quarter worth approximately $1,167,000. PCM Encore LLC bought a new position in Home Depot during the 2nd quarter worth $1,530,000. Finally, Trillium Asset Management LLC bought a new position in Home Depot during the 2nd quarter worth $27,374,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Home Depot News Summary

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

• Positive Sentiment: Home Depot expanded its Magic Apron AI assistant to all U.S. stores. The tool provides localized product information, project guidance and store navigation through text, voice, images and multiple languages. With millions of questions handled monthly, the rollout could improve customer service, associate productivity and sales conversion. The Home Depot Expands Magic Apron to Deliver Personalized and Localized In-Store Guidance
• Positive Sentiment: Recent analysis argues that Home Depot is showing its clearest turnaround signal in roughly two years. Analysts remain generally constructive, while the company’s recent quarterly results showed revenue growth and earnings above expectations, potentially positioning HD to benefit disproportionately when housing and remodeling demand recover. Prediction: Home Depot’s Turnaround Could Be Bigger Than Investors Expect
• Positive Sentiment: A comparison with Lowe’s suggests Home Depot may be the stronger housing-recovery play, with its scale, professional-customer exposure and strategic execution differentiating it in a frozen housing market. Home Depot vs. Lowe’s: One Housing Recovery Play Stands Out
• Neutral Sentiment: Home Depot beat second-quarter estimates, but coverage highlights a $685 million tariff refund. Because the refund may be a one-time benefit rather than recurring operating improvement, investors may be discounting part of the earnings upside. Home Depot Beat Q2 Estimates. What Did the $685M Tariff Refund Change?
• Negative Sentiment: Executive Vice President Michael F. Rowe sold 710 shares worth approximately $239,100, reducing his direct holdings by 9.4%. The transaction is relatively small and may be routine, but insider selling can add modest sentiment pressure. SEC Insider Transaction Filing

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Jefferies Financial Group reiterated a "buy" rating and set a $398.00 target price on shares of Home Depot in a research report on Tuesday, August 18th. Citigroup lowered their target price on Home Depot from $450.00 to $400.00 and set a "buy" rating for the company in a research note on Tuesday, May 12th. JPMorgan Chase & Co. dropped their price target on Home Depot from $423.00 to $396.00 and set an "overweight" rating for the company in a research note on Wednesday, May 20th. Wells Fargo & Company lifted their target price on shares of Home Depot from $360.00 to $400.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 11th. Finally, DA Davidson reaffirmed a "buy" rating and set a $377.00 price target on shares of Home Depot in a research note on Wednesday, August 19th. Eighteen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Home Depot presently has a consensus rating of "Moderate Buy" and an average price target of $375.54.

Home Depot Stock Performance

Shares of Home Depot stock opened at $328.80 on Friday. The business has a 50-day moving average price of $341.07 and a two-hundred day moving average price of $338.82. The Home Depot, Inc. has a 1-year low of $289.10 and a 1-year high of $426.75. The company has a current ratio of 1.08, a quick ratio of 0.31 and a debt-to-equity ratio of 2.64. The company has a market cap of $328.04 billion, a P/E ratio of 23.01, a PEG ratio of 3.69 and a beta of 0.95.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $47.86 billion for the quarter, compared to the consensus estimate of $47.24 billion. During the same period in the previous year, the business earned $4.68 EPS. The firm's revenue was up 5.7% compared to the same quarter last year. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, analysts anticipate that The Home Depot, Inc. will post 14.99 EPS for the current year.

Home Depot Dividend Announcement

The business 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 dividend of $2.33 per share. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $9.32 annualized dividend and a dividend yield of 2.8%. Home Depot's dividend payout ratio (DPR) is 65.22%.

Insider Buying and Selling at Home Depot

In other news, EVP Michael F. Rowe sold 710 shares of the company's stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $336.76, for a total transaction of $239,099.60. Following the transaction, the executive vice president owned 6,838 shares in the company, valued at approximately $2,302,764.88. This represents a 9.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Richard V. Mcphail sold 5,989 shares of the company's stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $348.40, for a total transaction of $2,086,567.60. Following the transaction, the chief financial officer owned 48,104 shares in the company, valued at $16,759,433.60. This represents a 11.07% decrease in their position. The disclosure for this sale is available in the SEC filing. 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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