The Home Depot, Inc. $HD Shares Acquired by Envestnet Portfolio Solutions Inc.

Key Points

• Envestnet Portfolio Solutions increased its Home Depot stake by 9.6% in the second quarter, bringing its holdings to 49,096 shares valued at approximately $17.3 million. Institutional investors and hedge funds collectively own 70.86% of the company.
• Home Depot exceeded quarterly expectations, reporting $4.92 in EPS and $47.86 billion in revenue, up 5.7% year over year. The company also paid a quarterly dividend of $2.33 per share, equivalent to a 3.1% annualized yield.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $375.18, although high mortgage rates, inflation and weaker demand for large remodeling projects remain risks.

Envestnet Portfolio Solutions Inc. boosted its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 9.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 49,096 shares of the home improvement retailer's stock after purchasing an additional 4,292 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Home Depot were worth $17,315,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Zeit Capital LLC purchased a new position in shares of Home Depot in the 2nd quarter worth about $26,000. Cache Advisors LLC purchased a new stake in shares of Home Depot during the 1st quarter worth about $27,000. Abound Financial LLC purchased a new stake in shares of Home Depot during the 4th quarter worth about $29,000. Osbon Capital Management LLC acquired a new stake in Home Depot during the 4th quarter worth approximately $29,000. Finally, Principia Wealth Advisory LLC raised its holdings in Home Depot by 60.4% in the second quarter. Principia Wealth Advisory LLC now owns 85 shares of the home improvement retailer's stock valued at $30,000 after buying an additional 32 shares during the period. Institutional investors and hedge funds own 70.86% of the company's stock.

Home Depot Stock Performance

Home Depot stock opened at $296.78 on Thursday. The Home Depot, Inc. has a 12-month low of $289.10 and a 12-month high of $411.41. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.08 and a quick ratio of 0.31. The company has a market capitalization of $296.09 billion, a price-to-earnings ratio of 20.77, a price-to-earnings-growth ratio of 3.36 and a beta of 0.95. The firm's fifty day moving average price is $328.96 and its 200 day moving average price is $329.64.

Home Depot (NYSE:HD - Get Free Report) last announced its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share for the quarter, beating the consensus estimate of $4.73 by $0.19. Home Depot had a return on equity of 106.42% and a net margin of 8.41%.The company had revenue of $47.86 billion during the quarter, compared to the consensus estimate of $47.24 billion. During the same period last year, the firm earned $4.68 earnings per share. The company's revenue was up 5.7% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, research analysts forecast 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 was paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd were given a $2.33 dividend. This represents a $9.32 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Thursday, September 3rd. Home Depot's dividend payout ratio is presently 65.22%.

Insiders Place Their Bets

In related news, CFO Richard V. Mcphail sold 5,989 shares of Home Depot stock in a transaction 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 completion of the sale, the chief financial officer owned 48,104 shares in the company, valued at approximately $16,759,433.60. The trade was a 11.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michael F. Rowe sold 710 shares of the company's stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $336.76, for a total transaction of $239,099.60. Following the completion of the sale, the executive vice president directly owned 6,838 shares in the company, valued at $2,302,764.88. This represents a 9.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 9,829 shares of company stock valued at $3,339,314. Company insiders own 0.08% of the company's stock.

Trending Headlines about Home Depot

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

• Positive Sentiment: Home Depot’s investments in its Pro business are showing traction, including improved delivery capabilities, a broader product catalog and positive comparable sales among professional customers. These initiatives could help the company capture larger, more complex projects. Is Home Depot Winning Bigger Projects Through Pro Investments?
• Positive Sentiment: Investor commentary highlighted Home Depot as a potential beneficiary of a housing-market recovery. Lower mortgage rates or improved housing activity could eventually support remodeling demand and larger-ticket purchases. Home Depot is Positioned to Benefit from Housing Market Recovery
• Positive Sentiment: A deal involving TP-Link’s Tapo smart-home products may broaden Home Depot’s connected-home assortment and support its efforts to participate in technology-enabled home upgrades. Is Home Depot’s TP-Link Tapo Deal a Turning Point in Its Smart Home Strategy?
• Neutral Sentiment: Market coverage noted that HD underperformed the broader market during the latest session, but did not identify a new earnings or company-specific announcement as the immediate trigger. The move appears tied largely to investor concerns about the retail and housing outlook. Home Depot Dips More Than Broader Market: What You Should Know
• Negative Sentiment: Home Depot’s CFO reportedly described the U.S. housing market as “frozen,” with a key housing metric at a historic low. High mortgage rates and limited transactions can reduce remodeling activity and delay discretionary projects. Home Depot CFO Issues Alarm Over Frozen U.S. Housing Market
• Negative Sentiment: Inflation and elevated borrowing costs are causing shoppers to postpone major projects and spend primarily on essential repairs. That pressure is particularly concerning because large-ticket remodeling is important to Home Depot’s sales mix. Home Depot Issues Warning About Squeezed Shoppers
• Negative Sentiment: Home improvement retail remains out of favor relative to consumer staples, reflecting a broader rotation away from discretionary spending. Tariff refunds may offer some cost relief, but shoppers may already have absorbed part of the tariff impact through higher prices. How Retailers’ Tariff Refunds Affect Shoppers

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. DA Davidson reiterated a "buy" rating and set a $377.00 price objective on shares of Home Depot in a research note on Wednesday, August 19th. Guggenheim restated a "buy" rating and set a $425.00 target price on shares of Home Depot in a report on Wednesday, August 19th. Weiss Ratings raised shares of Home Depot from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, July 7th. Truist Financial increased their price target on Home Depot from $369.00 to $373.00 and gave the company a "buy" rating in a report on Wednesday, August 19th. Finally, TD Cowen reissued a "buy" rating on shares of Home Depot in a research report on Monday, August 10th. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $375.18.

Home Depot Company 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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