Summitry LLC Purchases 79,117 Shares of The Home Depot, Inc. $HD

Key Points

• Summitry LLC increased its Home Depot position by 2,018.8% in the second quarter, purchasing 79,117 additional shares and bringing its holdings to 83,036 shares valued at approximately $29.3 million. Institutional investors collectively own 70.86% of the stock.
• Analyst sentiment remains positive overall, with 18 Buy ratings, 13 Holds and one Sell, producing a consensus “Moderate Buy” rating and a $373.18 price target. However, some analysts have lowered targets amid concerns about interest rates, weak housing activity and margin pressure.
• Home Depot’s latest quarter modestly exceeded expectations, with $3.43 in EPS and $41.77 billion in revenue, up 4.8% year over year. The company also declared a quarterly dividend of $2.33 per share, equivalent to a 2.8% annualized yield.

Summitry LLC grew its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 2,018.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 83,036 shares of the home improvement retailer's stock after purchasing an additional 79,117 shares during the quarter. Summitry LLC's holdings in Home Depot were worth $29,285,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Gator Capital Management LLC bought a new stake in shares of Home Depot in the fourth quarter valued at approximately $3,693,000. King Luther Capital Management Corp increased its position in Home Depot by 0.6% during the fourth quarter. King Luther Capital Management Corp now owns 1,240,478 shares of the home improvement retailer's stock worth $426,848,000 after acquiring an additional 7,180 shares during the period. Thompson Siegel & Walmsley LLC increased its position in Home Depot by 320.4% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 11,292 shares of the home improvement retailer's stock worth $3,886,000 after acquiring an additional 8,606 shares during the period. Capital International Inc. CA raised its stake in Home Depot by 4.3% during the 4th quarter. Capital International Inc. CA now owns 150,368 shares of the home improvement retailer's stock valued at $51,742,000 after purchasing an additional 6,187 shares during the last quarter. Finally, Vise Technologies Inc. raised its stake in Home Depot by 72.1% during the 4th quarter. Vise Technologies Inc. now owns 42,335 shares of the home improvement retailer's stock valued at $14,568,000 after purchasing an additional 17,731 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on HD shares. Argus decreased their price target on shares of Home Depot from $425.00 to $400.00 and set a "buy" rating on the stock in a research report on Thursday, May 21st. Sanford C. Bernstein set a $344.00 price objective on shares of Home Depot in a research report on Wednesday. TD Cowen reaffirmed a "buy" rating on shares of Home Depot in a research report on Monday. Stifel Nicolaus decreased their target price on Home Depot from $375.00 to $320.00 and set a "hold" rating on the stock in a research report on Monday, May 18th. Finally, DA Davidson reissued a "buy" rating and set a $377.00 target price on shares of Home Depot in a research report on Monday, July 27th. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Home Depot currently has a consensus rating of "Moderate Buy" and a consensus target price of $373.18.

Home Depot Stock Down 1.0%

Shares of HD stock opened at $338.21 on Friday. The Home Depot, Inc. has a one year low of $289.10 and a one year high of $426.75. The company has a debt-to-equity ratio of 3.23, a current ratio of 1.04 and a quick ratio of 0.28. The stock has a fifty day moving average price of $339.17 and a 200 day moving average price of $341.85. The stock has a market cap of $337.23 billion, a P/E ratio of 24.02, a price-to-earnings-growth ratio of 4.11 and a beta of 0.95.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.41 by $0.02. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The firm had revenue of $41.77 billion for the quarter, compared to analyst estimates of $41.59 billion. During the same quarter in the previous year, the firm posted $3.56 EPS. The business's revenue for the quarter was up 4.8% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Analysts predict that The Home Depot, Inc. will post 15 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were given a dividend of $2.33 per share. This represents a $9.32 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Thursday, June 4th. Home Depot's payout ratio is 66.19%.

Key Home Depot News

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

• Positive Sentiment: Analysts expect second-quarter sales and earnings growth, supported by continued momentum among professional customers (“Pros”) and gains in digital sales. Wells Fargo also raised its price target to $400, suggesting potential upside if Home Depot delivers a solid report. Home Depot to Post Q2 Earnings Wells Fargo Raises Home Depot Price Target
• Positive Sentiment: Home Depot’s long record of dividend payments may provide support for income-focused investors, while the bankruptcy filing of a smaller hardware rival could modestly reinforce the company’s scale and competitive position. Home Depot Dividend Streak Hardware Rival Files Chapter 11
• Neutral Sentiment: The company’s finance chief Richard McPhail and another senior executive will help manage operations during Decker’s absence. The arrangement limits immediate disruption, but investors may seek more clarity on the duration of the leave and its effect on strategy. Home Depot Executives Step Up During CEO Leave
• Negative Sentiment: Oppenheimer and other analysts caution that second-quarter results may show little evidence of a recovery. High interest rates, weak housing activity, margin pressure and rising fuel costs are weighing on renovation demand and retailer expenses. Home Depot and Lowe’s Results Face Macro Pressures
• Negative Sentiment: Several previews argue that HD may already be priced for a recovery, increasing the risk of a negative reaction if sales, margins or management guidance disappoint. Bernstein has maintained a Hold rating. Home Depot Q2 Earnings Preview Bernstein Maintains Hold Rating

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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