QRG Capital Management Inc. Has $60.97 Million Holdings in The Home Depot, Inc. $HD

Key Points

• QRG Capital Management increased its Home Depot stake by 7% in the second quarter, bringing its holdings to 172,877 shares valued at approximately $60.97 million. Institutional investors collectively own 70.86% of the company.
• Home Depot reported quarterly revenue of $47.86 billion and EPS of $4.92, beating analyst estimates, while revenue rose 5.7% year over year. The company also pays an annualized dividend of $9.32, yielding about 3.1%.
• Despite strong Pro-business investments and a potential housing-market recovery, high mortgage rates and affordability concerns are delaying major renovation projects. Shares recently traded at $296.78, down 2.8%, while analysts maintain a “Moderate Buy” consensus with an average target of $375.18.

QRG Capital Management Inc. lifted its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 7.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 172,877 shares of the home improvement retailer's stock after purchasing an additional 11,256 shares during the period. QRG Capital Management Inc.'s holdings in Home Depot were worth $60,970,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. BlackRock Inc. acquired a new position in Home Depot during the 2nd quarter worth $28,771,247,000. State Street Corp raised its position in shares of Home Depot by 1.1% during the second quarter. State Street Corp now owns 47,175,026 shares of the home improvement retailer's stock worth $16,637,688,000 after acquiring an additional 499,168 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Home Depot by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 23,756,142 shares of the home improvement retailer's stock valued at $8,151,344,000 after acquiring an additional 343,153 shares during the period. Bank of America Corp DE bought a new position in Home Depot in the second quarter valued at about $5,780,468,000. Finally, Norges Bank bought a new position in Home Depot in the fourth quarter valued at about $4,850,329,000. Institutional investors and hedge funds own 70.86% 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 investments in its Pro business—including expanded product selection, improved delivery capabilities and tools for complex projects—are reportedly producing positive comparable sales and could support larger-ticket purchases. Is Home Depot Winning Bigger Projects Through Pro Investments?
• Positive Sentiment: Focus Wealth Management views HD as positioned to benefit from an eventual housing-market recovery. Lower mortgage rates or improving housing turnover could encourage remodeling and repair spending, providing a longer-term catalyst. Home Depot Positioned to Benefit from Housing Market Recovery
• Positive Sentiment: A new TP-Link Tapo smart-home partnership could broaden Home Depot’s connected-home assortment and create incremental growth opportunities, although the financial impact is not yet clear. Is Home Depot’s TP-Link Tapo Deal a Turning Point in Its Smart Home Strategy?
• Neutral Sentiment: Investor attention is focused on housing turnover, interest rates, consumer spending, Pro growth and execution of Home Depot’s strategic initiatives—the factors most likely to determine the stock’s next major move. What Is the Market Really Watching at Home Depot?
• Negative Sentiment: Home Depot’s CFO warned that the U.S. housing market is effectively “frozen,” with a key activity metric at a historic low. High mortgage rates and limited affordability are delaying moves and reducing demand for discretionary renovations. Home Depot CFO Issues Warning Over Frozen Housing Market
• Negative Sentiment: Squeezed consumers are reportedly postponing large projects and spending mainly on essential repairs. That shift threatens Home Depot’s higher-margin, big-ticket sales and helps explain the defensive performance of discretionary retailers. Home Depot Warns About Squeezed Shoppers
• Negative Sentiment: Tariff refunds may provide retailers some relief, but shoppers have already absorbed part of earlier tariff-related costs, potentially limiting demand and pricing benefits. How Tariff Refunds Affect Shoppers

Insiders Place Their Bets

In other Home Depot news, CFO Richard V. Mcphail sold 5,989 shares of the 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 sale, the chief financial officer directly owned 48,104 shares in the company, valued at $16,759,433.60. This represents a 11.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Kimberly R. Scardino sold 675 shares of the stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $305.95, for a total value of $206,516.25. Following the completion of the sale, the chief accounting officer owned 8,189 shares of the company's stock, valued at $2,505,424.55. This trade represents a 7.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 9,829 shares of company stock worth $3,339,314. 0.08% of the stock is owned by corporate insiders.

Home Depot Trading Down 2.8%

NYSE HD traded down $8.57 during trading on Wednesday, reaching $296.78. 4,667,956 shares of the stock traded hands, compared to its average volume of 4,362,683. The firm has a market cap of $296.09 billion, a price-to-earnings ratio of 20.77, a price-to-earnings-growth ratio of 3.27 and a beta of 0.95. The stock's 50-day moving average price is $329.85 and its 200 day moving average price is $330.10. The company has a quick ratio of 0.31, a current ratio of 1.08 and a debt-to-equity ratio of 2.64. The Home Depot, Inc. has a fifty-two week low of $289.10 and a fifty-two week high of $411.41.

Home Depot (NYSE:HD - Get Free Report) last issued its earnings results 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 firm 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%. The business'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 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Analysts predict 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 was paid on Thursday, September 17th. Investors of record on Thursday, September 3rd were given a $2.33 dividend. The ex-dividend date was Thursday, September 3rd. This represents a $9.32 dividend on an annualized basis and a dividend yield of 3.1%. Home Depot's dividend payout ratio is currently 65.22%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on HD. KeyCorp restated a "sector weight" rating on shares of Home Depot in a research report on Wednesday, August 19th. Sanford C. Bernstein cut their price objective on shares of Home Depot from $354.00 to $344.00 and set a "market perform" rating on the stock in a report on Wednesday, September 9th. Royal Bank Of Canada lowered their target price on shares of Home Depot from $343.00 to $342.00 and set a "sector perform" rating for the company in a report on Wednesday, August 19th. Wells Fargo & Company increased their price target on Home Depot from $360.00 to $400.00 and gave the company an "overweight" rating in a research note on Tuesday, August 11th. Finally, Wolfe Research lowered Home Depot from an "outperform" rating to a "peer perform" rating in a research report on Tuesday, June 23rd. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $375.18.

Home Depot Profile

The Home Depot, Inc is a home improvement retailer that sells building materials, appliances, decor, hardware, tools, paint, lawn and garden products, and related merchandise. The company serves do-it-yourself customers, professional contractors, homebuilders, and other commercial customers through its retail stores and digital platforms.

Home Depot also provides services such as equipment and tool rental, delivery, installation, and project support. Its professional-focused offerings include job-lot quantities, specialized products, credit services, and account support designed for contractors and other trade customers.

Founded in 1978 by Bernie Marcus, Arthur Blank, Ken Langone, and Pat Farrah, the company is headquartered in Atlanta, Georgia.

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