The Home Depot, Inc. $HD Shares Bought by Legacy Advisors LLC

Key Points

• Legacy Advisors increased its Home Depot stake by 89.8% in the second quarter to 6,845 shares valued at approximately $2.4 million. Institutional investors collectively own 70.86% of the company.
• Home Depot exceeded quarterly expectations, reporting $4.92 in EPS and $47.86 billion in revenue, with revenue up 5.7% year over year. Results were supported by professional-customer demand, project activity and improved digital fulfillment.
• Analyst sentiment remains positive but mixed, with a consensus “Moderate Buy” rating and a $375.54 price target. The company also declared a quarterly dividend of $2.33 per share, equivalent to a 2.8% yield.

Legacy Advisors LLC grew its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 89.8% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 6,845 shares of the home improvement retailer's stock after acquiring an additional 3,238 shares during the quarter. Legacy Advisors LLC's holdings in Home Depot were worth $2,414,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in HD. Gator Capital Management LLC purchased a new stake in shares of Home Depot in the 4th quarter valued at about $3,693,000. King Luther Capital Management Corp grew its stake in Home Depot by 0.6% during the 4th quarter. King Luther Capital Management Corp now owns 1,240,478 shares of the home improvement retailer's stock worth $426,848,000 after buying an additional 7,180 shares during the last quarter. Thompson Siegel & Walmsley LLC grew its stake in Home Depot by 320.4% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 11,292 shares of the home improvement retailer's stock worth $3,886,000 after buying an additional 8,606 shares during the last quarter. Capital International Inc. CA increased its position in Home Depot by 4.3% during the fourth quarter. Capital International Inc. CA now owns 150,368 shares of the home improvement retailer's stock worth $51,742,000 after buying an additional 6,187 shares during the period. Finally, Sarasin & Partners LLP increased its position in Home Depot by 4.0% during the second quarter. Sarasin & Partners LLP now owns 687,219 shares of the home improvement retailer's stock worth $242,368,000 after buying an additional 26,357 shares during the period. Institutional investors and hedge funds own 70.86% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. UBS Group reduced their price target on shares of Home Depot from $430.00 to $420.00 and set a "buy" rating for the company in a research report on Wednesday. Wall Street Zen upgraded shares of Home Depot from a "sell" rating to a "hold" rating in a research note on Tuesday, June 2nd. JPMorgan Chase & Co. reduced their target price on shares of Home Depot from $423.00 to $396.00 and set an "overweight" rating for the company in a report on Wednesday, May 20th. Jefferies Financial Group reiterated a "buy" rating and set a $398.00 target price on shares of Home Depot in a research note on Tuesday. Finally, Robert W. Baird lowered their price target on Home Depot from $430.00 to $380.00 and set an "outperform" rating on the stock in a report on Wednesday, May 20th. Eighteen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Home Depot currently has an average rating of "Moderate Buy" and a consensus price target of $375.54.

Home Depot Price Performance

Shares of NYSE HD opened at $334.28 on Friday. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.28 and a current ratio of 1.08. The Home Depot, Inc. has a one year low of $289.10 and a one year high of $426.75. The firm has a market capitalization of $333.32 billion, a P/E ratio of 23.39, a PEG ratio of 4.49 and a beta of 0.95. The company's fifty day moving average is $340.71 and its two-hundred day moving average is $340.49.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings data 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. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. The firm had revenue of $47.86 billion during the quarter, compared to analysts' expectations of $47.24 billion. During the same quarter last year, the business earned $4.68 earnings per share. The business's revenue for the quarter was up 5.7% compared to the same quarter last year. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Analysts forecast that The Home Depot, Inc. will post 14.99 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd will be given a dividend of $2.33 per share. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Thursday, September 3rd. Home Depot's dividend payout ratio (DPR) is presently 65.22%.

Key Stories Impacting Home Depot

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

• Positive Sentiment: Home Depot reported quarterly revenue of $47.86 billion and adjusted earnings of $4.92 per share, exceeding analyst expectations. Revenue increased 5.7% year over year, supported by professional-customer demand, project activity and improved digital fulfillment. Home Depot Q2 Earnings Call Spotlights Pro Momentum and Cost Pressures
• Positive Sentiment: Analysts at BofA, UBS and other firms viewed the results as evidence of stronger execution and potential growth ahead of a broader home-improvement recovery. Several analysts reaffirmed Buy ratings, including DA Davidson, Argus and Guggenheim, with price targets ranging from $377 to $425. Home Depot's Q2 Results Show Solid Execution Amid Tough Housing Backdrop, BofA Says
• Positive Sentiment: The board declared a quarterly dividend of $2.33 per share, payable September 17 to shareholders of record September 3, providing continued income support for investors. The Home Depot Declares Quarterly Dividend of $2.33
• Neutral Sentiment: Home Depot expanded express delivery nationwide from local stores, a move aimed at capturing smaller, convenience-driven projects as customers defer large renovations. Home Depot offers nationwide express delivery from local stores
• Negative Sentiment: Elevated mortgage rates continue to discourage home moves and major remodeling projects, shifting spending toward maintenance rather than higher-ticket purchases. Analysts also warned that a $730 million tariff refund largely offset higher fuel, energy and operating costs, limiting its benefit to earnings. Home Depot’s $730 million tariff refund was largely offset by rising costs
• Negative Sentiment: Investor sentiment remains mixed: RBC lowered its price target to $342 and maintained a Sector Perform rating, while commentary cautioned that the earnings beat does not yet signal a broad housing recovery. Home Depot faces uphill battle amid a growing customer problem

Home Depot Company 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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