Raiffeisen Bank International AG Lowers Stake in The Home Depot, Inc. $HD

Key Points

• Raiffeisen Bank International reduced its Home Depot stake by 6.3% in the second quarter, selling 11,973 shares and retaining 177,769 shares valued at approximately $62.4 million. Institutional investors collectively own 70.86% of HD.
• Home Depot exceeded quarterly expectations, reporting $4.92 in adjusted earnings per share and $47.86 billion in revenue, while revenue increased 5.7% year over year. The company also declared a $2.33 quarterly dividend, equivalent to a 2.9% annual yield.
• Analyst sentiment remains positive but mixed, with a “Moderate Buy” consensus and an average price target of $375.54. Shares opened at $320.94, while company insiders sold roughly $3.13 million of stock over the past 90 days.

Raiffeisen Bank International AG lowered its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 6.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 177,769 shares of the home improvement retailer's stock after selling 11,973 shares during the period. Raiffeisen Bank International AG's holdings in Home Depot were worth $62,364,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HD. BlackRock Inc. bought a new stake in Home Depot in the 2nd quarter valued at $28,771,247,000. Bank of America Corp DE bought a new stake in Home Depot during the second quarter worth approximately $5,780,468,000. Norges Bank purchased a new stake in Home Depot during the 4th quarter valued at $4,850,329,000. Bank of New York Mellon Corp purchased a new stake in shares of Home Depot in the second quarter valued at $2,777,396,000. Finally, Corient Private Wealth LP purchased a new stake in Home Depot in the 2nd quarter worth about $390,913,000. 70.86% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CFO Richard McPhail sold 5,989 shares of the company's stock in a transaction that occurred on 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 approximately $16,759,433.60. This represents a 11.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Michael 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 transaction, the executive vice president owned 6,838 shares in the company, valued at $2,302,764.88. This trade represents a 9.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 9,154 shares of company stock valued at $3,132,798. 0.08% of the stock is currently owned by insiders.

Home Depot Trading Down 0.0%

HD stock opened at $320.94 on Monday. 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 business's 50-day moving average is $339.35 and its 200 day moving average is $336.02. The stock has a market cap of $320.20 billion, a price-to-earnings ratio of 22.46, a PEG ratio of 3.53 and a beta of 0.95. The Home Depot, Inc. has a 12-month low of $289.10 and a 12-month high of $426.75.

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 for the quarter, beating analysts' consensus estimates of $4.73 by $0.19. The company had revenue of $47.86 billion for the quarter, compared to analyst estimates of $47.24 billion. Home Depot had a return on equity of 106.42% and a net margin of 8.41%.The firm's revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter last year, the firm posted $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, sell-side analysts anticipate that The Home Depot, Inc. will post 15 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm 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 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 yield of 2.9%. Home Depot's dividend payout ratio (DPR) is 65.22%.

Analysts Set New Price Targets

HD has been the topic of a number of recent analyst reports. UBS Group reduced their target price on Home Depot from $430.00 to $420.00 and set a "buy" rating on the stock in a research note on Wednesday, August 19th. BNP Paribas Exane reduced their price objective on shares of Home Depot from $348.00 to $325.00 and set a "neutral" rating for the company in a research note on Tuesday, May 19th. Wolfe Research lowered shares of Home Depot from an "outperform" rating to a "peer perform" rating in a research report on Tuesday, June 23rd. DA Davidson reissued a "buy" rating and issued a $377.00 price objective on shares of Home Depot in a research report on Wednesday, August 19th. Finally, Mizuho lifted their target price on shares of Home Depot from $385.00 to $390.00 and gave the stock an "outperform" rating 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, the company has an average rating of "Moderate Buy" and a consensus target price of $375.54.

Key Home Depot News

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

• Positive Sentiment: Retail earnings point to a relatively resilient higher-income consumer. Home Depot and Lowe’s reported solid home-improvement sales, suggesting demand for repairs and larger projects remains healthier than spending at some value-oriented retailers. Retail Earnings Just Exposed a Bigger Divide in the U.S. Consumer Economy
• Positive Sentiment: Analysts at Zacks updated estimates for Home Depot’s fiscal third-quarter earnings, providing a fresh valuation and earnings catalyst following the company’s prior quarterly beat. Home Depot most recently reported earnings of $4.92 per share versus a $4.73 consensus estimate, with revenue also exceeding forecasts. Zacks Research Estimates Home Depot's Q3 Earnings
• Neutral Sentiment: The stock’s valuation is near the middle of its peer group, but analysts question whether its operating performance and growth have fallen behind competitors. This creates potential upside if productivity improves, but also limits enthusiasm until growth reaccelerates. The Gap Between HD Stock And Its Own Numbers
• Negative Sentiment: Mortgage rates recently reached a one-year high following a global bond-market sell-off. Elevated borrowing costs can discourage home purchases, remodeling projects and other large-ticket transactions that drive Home Depot’s sales. Mortgage Rates Just Hit a 1-Year High
• Negative Sentiment: Some investors view weakness in consumer-focused stocks, including Home Depot, as a warning that middle-income households are under pressure. That macro concern could weigh on discretionary home-improvement spending and the broader retail sector. Wall Street worried about GOP in midterms
• Negative Sentiment: One market analysis cited Home Depot’s transition to positive free cash flow in the early 2000s as evidence that growth had slowed, reinforcing concerns that the company’s mature business may offer limited expansion compared with faster-growing retailers. Home Depot stock information

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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