Peachtree Investment Partners LLC Invests $9.74 Million in The Home Depot, Inc. $HD

Key Points

• Peachtree Investment Partners acquired 27,624 Home Depot shares worth approximately $9.74 million, making HD its ninth-largest holding and representing 3.1% of its portfolio. Institutional investors collectively own 70.86% of the company.
• Home Depot exceeded quarterly expectations, reporting $4.92 EPS versus the $4.73 consensus and $47.86 billion in revenue, up 5.7% year over year. Analysts maintain a “Moderate Buy” consensus with an average price target of $375.54.
• The company declared a quarterly dividend of $2.33 per share, equivalent to a 2.8% annualized yield, but faces margin pressure and weaker demand for major renovation projects. CFO Richard McPhail also sold 5,989 shares worth about $2.1 million.

Peachtree Investment Partners LLC acquired a new stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 27,624 shares of the home improvement retailer's stock, valued at approximately $9,742,000. Home Depot comprises 3.1% of Peachtree Investment Partners LLC's investment portfolio, making the stock its 9th largest holding.

A number of other institutional investors have also recently made changes to their positions in HD. Brighton Jones LLC raised its stake in Home Depot by 36.5% in the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer's stock valued at $10,471,000 after buying an additional 7,203 shares during the last quarter. Sivia Capital Partners LLC grew its stake in shares of Home Depot by 7.1% during the second quarter. Sivia Capital Partners LLC now owns 2,598 shares of the home improvement retailer's stock worth $952,000 after acquiring an additional 173 shares during the last quarter. Schnieders Capital Management LLC. grew its stake in shares of Home Depot by 14.1% during the second quarter. Schnieders Capital Management LLC. now owns 11,587 shares of the home improvement retailer's stock worth $4,248,000 after acquiring an additional 1,433 shares during the last quarter. Darwin Wealth Management LLC acquired a new position in shares of Home Depot during the second quarter valued at about $1,773,000. Finally, Financial Advisors Network Inc. increased its holdings in shares of Home Depot by 11.3% during the second quarter. Financial Advisors Network Inc. now owns 2,368 shares of the home improvement retailer's stock valued at $868,000 after acquiring an additional 241 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. TD Cowen reaffirmed a "buy" rating on shares of Home Depot in a research report on Monday, August 10th. Piper Sandler cut their price target on shares of Home Depot from $422.00 to $421.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 20th. BNP Paribas Exane decreased their price target on shares of Home Depot from $348.00 to $325.00 and set a "neutral" rating for the company in a report on Tuesday, May 19th. The Goldman Sachs Group lowered their price objective on shares of Home Depot from $409.00 to $390.00 and set a "buy" rating for the company in a research note on Wednesday, May 20th. Finally, Jefferies Financial Group reissued a "buy" rating and set a $398.00 price objective on shares of Home Depot in a report on Tuesday. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $375.54.

Insider Buying and Selling at Home Depot

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

Home Depot Price Performance

Shares of NYSE: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 company has a current ratio of 1.08, a quick ratio of 0.28 and a debt-to-equity ratio of 2.64. The company has a market cap of $335.07 billion, a PE ratio of 23.52, a price-to-earnings-growth ratio of 3.70 and a beta of 0.95. The company's 50 day moving average is $340.86 and its 200 day moving average 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 the consensus estimate of $4.73 by $0.19. The business had revenue of $47.86 billion for 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%. The business's revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the prior year, the firm earned $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, sell-side analysts forecast 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. Shareholders of record on Thursday, September 3rd will be paid a dividend of $2.33 per share. The ex-dividend date 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 presently 65.22%.

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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