New Mexico Educational Retirement Board Buys 4,000 Shares of The Home Depot, Inc. $HD

New Mexico Educational Retirement Board lifted its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 8.8% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 49,492 shares of the home improvement retailer's stock after purchasing an additional 4,000 shares during the quarter. New Mexico Educational Retirement Board's holdings in Home Depot were worth $17,455,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Royal London Asset Management Ltd. raised its holdings in Home Depot by 0.5% during the 2nd quarter. Royal London Asset Management Ltd. now owns 810,136 shares of the home improvement retailer's stock valued at $285,719,000 after buying an additional 4,190 shares during the period. Mufg Securities Americas Inc. boosted its stake in Home Depot by 8.9% during the second quarter. Mufg Securities Americas Inc. now owns 29,999 shares of the home improvement retailer's stock worth $10,580,000 after buying an additional 2,458 shares during the period. Braun Stacey Associates Inc. boosted its stake in Home Depot by 4.3% during the second quarter. Braun Stacey Associates Inc. now owns 64,214 shares of the home improvement retailer's stock worth $22,647,000 after buying an additional 2,637 shares during the period. Tandem Capital Management Corp ADV increased its position in Home Depot by 4.8% during the second quarter. Tandem Capital Management Corp ADV now owns 5,742 shares of the home improvement retailer's stock valued at $2,025,000 after acquiring an additional 262 shares during the last quarter. Finally, Field & Main Bank bought a new position in Home Depot during the second quarter valued at $6,286,000. Institutional investors own 70.86% of the company's stock.

Home Depot Trading Down 0.2%

HD stock opened at $317.79 on Friday. The Home Depot, Inc. has a 12 month low of $289.10 and a 12 month high of $426.75. The firm's 50-day moving average is $339.90 and its 200 day moving average is $336.51. The company has a market capitalization of $317.06 billion, a PE ratio of 22.24, a P/E/G ratio of 3.51 and a beta of 0.95. 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 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. The company had revenue of $47.86 billion during 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%. The firm's quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the company earned $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, research analysts anticipate that The Home Depot, Inc. will post 15 EPS for the current year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Investors 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 annualized dividend and a yield of 2.9%. Home Depot's dividend payout ratio is 65.22%.

Insider Buying and Selling

In other Home Depot news, EVP Michael F. Rowe sold 710 shares of the company's stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $336.76, for a total value of $239,099.60. Following the completion of the sale, the executive vice president directly owned 6,838 shares in the company, valued at approximately $2,302,764.88. This represents a 9.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Richard V. Mcphail sold 5,989 shares of the stock in a transaction on Wednesday, August 19th. The stock was 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 9,154 shares of company stock valued at $3,132,798 over the last quarter. 0.08% of the stock is owned by corporate insiders.

Trending Headlines about Home Depot

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

• Positive Sentiment: Home Depot’s professional-customer growth and technology investments could support a recovery. The company has expanded its AI-powered Magic Apron tools across U.S. stores, while one analysis argues the stock may be about 15% undervalued if its Pro business gains momentum. Home Depot Could Be 15% Undervalued on Its Pro Growth Narrative
• Neutral Sentiment: Zacks Research raised its fiscal 2027 EPS forecast slightly to $15.03 from $14.95, broadly matching the current consensus estimate of $15.00. However, this isolated increase was accompanied by several reductions to later quarterly and annual forecasts. Home Depot Analyst Estimates
• Neutral Sentiment: Recent operating results remain a support for the shares: Home Depot exceeded quarterly earnings and revenue expectations, with revenue up 5.7% year over year. The key concern is whether that growth can accelerate amid a weak housing environment.
• Negative Sentiment: Mortgage rates have reached a one-year high following a global bond sell-off. Higher borrowing costs can discourage home purchases, renovations and moves, limiting demand for big-ticket projects at Home Depot and Lowe’s. Mortgage Rates Just Hit a One-Year High
• Negative Sentiment: Homeowners remain locked into older, cheaper mortgages, and the probability of moving within 12 months has fallen to a record-low 13.5%. Home Depot reportedly sees “no sign” of a housing turnaround, pressuring near-term sales prospects. Americans Stop Moving as Mortgage Lock-In Persists
• Negative Sentiment: Analysts have cut multiple future EPS estimates, including fiscal 2028 EPS to $16.05 from $16.23 and fiscal 2029 EPS to $17.41 from $17.62. The revisions suggest slower expected growth and weigh on valuation. The Gap Between HD Stock and Its Own Numbers
• Negative Sentiment: Comparisons with Costco and Lowe’s highlight concerns about Home Depot’s relative performance, dividend coverage and competitive position. Bearish options activity, including a proposed bear put spread, further reflects expectations that the stock could remain under pressure. Home Depot Bear Put Spread Could Return 181 Percent

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on HD shares. 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 report on Wednesday, May 20th. Wolfe Research lowered shares of Home Depot from an "outperform" rating to a "peer perform" rating in a research report on Tuesday, June 23rd. Piper Sandler decreased their price objective on shares of Home Depot from $422.00 to $421.00 and set an "overweight" rating for the company in a research note on Wednesday, May 20th. Oppenheimer dropped their target price on Home Depot from $405.00 to $310.00 and set a "market perform" rating for the company in a research report on Monday, May 18th. Finally, Guggenheim reaffirmed a "buy" rating and set a $425.00 target price on shares of Home Depot in a research note on Wednesday, August 19th. Eighteen investment 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 MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $375.54.

Home Depot 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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