Sanders Morris Harris LLC Sells 5,603 Shares of The Home Depot, Inc. $HD

Key Points

• Sanders Morris Harris LLC reduced its Home Depot stake by 57.7%, selling 5,603 shares in the second quarter and retaining 4,107 shares valued at approximately $1.45 million.
• Other institutional investors increased their positions, and institutional ownership stands at 70.86% of Home Depot’s outstanding shares.
• Home Depot reported quarterly revenue of $41.77 billion and earnings of $3.43 per share, both slightly above estimates. Analysts maintain a “Moderate Buy” consensus with an average price target of $371.71, while the company’s quarterly dividend implies a 2.6% yield.

Sanders Morris Harris LLC cut its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 57.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,107 shares of the home improvement retailer's stock after selling 5,603 shares during the quarter. Home Depot accounts for about 0.8% of Sanders Morris Harris LLC's portfolio, making the stock its 22nd biggest position. Sanders Morris Harris LLC's holdings in Home Depot were worth $1,448,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Brighton Jones LLC raised its position in Home Depot by 36.5% in the 4th 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 raised its holdings in shares of Home Depot by 7.1% in the second quarter. Sivia Capital Partners LLC now owns 2,598 shares of the home improvement retailer's stock valued at $952,000 after purchasing an additional 173 shares during the last quarter. Schnieders Capital Management LLC. raised its holdings in shares of Home Depot by 14.1% in the second quarter. Schnieders Capital Management LLC. now owns 11,587 shares of the home improvement retailer's stock valued at $4,248,000 after purchasing an additional 1,433 shares during the last quarter. Darwin Wealth Management LLC bought a new position in shares of Home Depot during the second quarter valued at about $1,773,000. Finally, Financial Advisors Network Inc. lifted its position 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 purchasing an additional 241 shares in the last quarter. Institutional investors 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 is consolidating its technology teams under its new executive vice president and chief technology officer to accelerate innovation. The move could improve operational efficiency, digital capabilities and customer engagement over time. Home Depot reshuffles leadership to accelerate tech innovation
• Positive Sentiment: Wall Street analysts remain moderately optimistic on HD, with the average brokerage recommendation equivalent to “Buy.” This supports sentiment, although the concentration of bullish ratings reduces the reliability of the consensus as a standalone investment signal. Is Home Depot a Buy as Wall Street Analysts Look Optimistic?
• Positive Sentiment: Discussion of potentially easing interest rates provides a favorable backdrop for Home Depot because lower borrowing costs may improve housing activity, renovation demand and large-ticket purchases. How Is Home Depot Placed as Rates Ease?
• Neutral Sentiment: Home Depot will release its second-quarter results and host an earnings conference call on August 18. The event is a near-term catalyst, but the announcement itself provides no updated guidance or results. The Home Depot to Host Second Quarter Earnings Conference Call
• Neutral Sentiment: A seasonal “Christmas in July” merchandise collection generated attention, but the promotion is unlikely to materially affect earnings or valuation. Home Depot Stock Gains With 2026 Christmas in July Collection
• Negative Sentiment: A lawsuit alleges that Home Depot used customer data in ways that violated shoppers’ rights. Although the financial impact is uncertain, the case creates legal, reputational and potential compliance risks. Home Depot accused of using customers to boost profit

Home Depot Stock Up 1.7%

Home Depot stock opened at $354.03 on Thursday. The Home Depot, Inc. has a twelve month low of $289.10 and a twelve month high of $426.75. The firm has a 50 day moving average price of $334.43 and a 200-day moving average price of $343.22. The company has a market capitalization of $353.01 billion, a P/E ratio of 25.14, a P/E/G ratio of 4.02 and a beta of 0.95. The company has a quick ratio of 0.28, a current ratio of 1.04 and a debt-to-equity ratio of 3.23.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share for the quarter, beating the consensus estimate of $3.41 by $0.02. The business had revenue of $41.77 billion during the quarter, compared to analyst estimates of $41.59 billion. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.Home Depot's revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the company earned $3.56 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, equities analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were given a $2.33 dividend. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $9.32 annualized dividend and a dividend yield of 2.6%. Home Depot's payout ratio is 66.19%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Wolfe Research lowered shares of Home Depot from an "outperform" rating to a "peer perform" rating in a research note on Tuesday, June 23rd. Wall Street Zen upgraded Home Depot from a "sell" rating to a "hold" rating in a research note on Tuesday, June 2nd. Morgan Stanley reduced their target price on Home Depot from $420.00 to $400.00 and set an "overweight" rating for the company in a report on Wednesday, May 20th. Wells Fargo & Company decreased their price target on Home Depot from $375.00 to $360.00 and set an "overweight" rating for the company in a research report on Wednesday, May 20th. Finally, BNP Paribas Exane dropped their price target on Home Depot from $348.00 to $325.00 and set a "neutral" rating on the stock in a report on Tuesday, May 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, Home Depot presently has an average rating of "Moderate Buy" and a consensus target price of $371.71.

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.

Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Home Depot, Inc. (NYSE:HD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source