The Home Depot, Inc. $HD Shares Bought by Welch Group LLC

Key Points

• Welch Group LLC increased its Home Depot position by 5.2% in the second quarter, adding 9,891 shares to own 200,409 shares worth approximately $70.68 million. Institutional investors and hedge funds collectively own 70.86% of HD.
• Home Depot’s fiscal second-quarter results exceeded expectations, with adjusted EPS of $4.92 and revenue of $47.86 billion, up 5.7% year over year. Comparable sales rose 1.7% globally, although transactions declined as customers focused on smaller repair projects.
• Management reaffirmed fiscal 2026 guidance, while describing housing conditions as “frozen” and cautioning that high mortgage rates and weak housing activity continue to pressure major renovations. Analysts maintain a “Moderate Buy” consensus with an average price target of $375.25.

Welch Group LLC raised its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 5.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 200,409 shares of the home improvement retailer's stock after purchasing an additional 9,891 shares during the period. Home Depot accounts for approximately 2.4% of Welch Group LLC's portfolio, making the stock its 17th largest holding. Welch Group LLC's holdings in Home Depot were worth $70,680,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of HD. Advocate Investing Services LLC purchased a new stake in Home Depot in the 4th quarter valued at approximately $25,000. Parvin Asset Management LLC grew its holdings in Home Depot by 110.0% during the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer's stock valued at $26,000 after buying an additional 33 shares during the last quarter. Cache Advisors LLC purchased a new position in Home Depot during the first quarter worth $27,000. Merkkuri Wealth Advisors LLC purchased a new position in Home Depot during the first quarter worth $28,000. Finally, Abound Financial LLC acquired a new position in shares of Home Depot in the fourth quarter worth $29,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Key Home Depot News

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

• Positive Sentiment: Home Depot reported fiscal Q2 adjusted EPS of $4.92, above the $4.73 consensus estimate, while revenue rose 5.7% year over year to $47.86 billion, exceeding expectations of approximately $47.24 billion. Home Depot reaffirms guidance amid frozen housing market conditions
• Positive Sentiment: Comparable sales increased 1.7% globally and 1.3% in the U.S.—the company’s strongest comparable-sales performance since 2022—as customers continued smaller repair and maintenance projects despite high mortgage rates and housing costs. Average ticket rose 2.8%, helping offset a 1.0% decline in comparable transactions. Home Depot beats quarterly sales estimates on steady repair demand
• Positive Sentiment: The nationwide rollout of Express Delivery, using more than 2,000 U.S. stores as fulfillment hubs for delivery in three hours or less, could support online sales, customer retention and Pro-customer demand. The Home Depot expands nationwide express delivery
• Neutral Sentiment: Management reaffirmed fiscal 2026 guidance for roughly 2.5%–4.5% sales growth, flat to 2.0% comparable-sales growth and EPS of $14.690–$15.278. Maintaining the outlook provides stability, but the lack of an increase suggests a housing recovery has not yet materialized.
• Negative Sentiment: Executives described housing conditions as “frozen.” Customers are avoiding large renovations, while weak housing starts and elevated Treasury yields remain headwinds for discretionary projects and valuation. The CEO’s recently announced medical leave adds a separate near-term leadership uncertainty. Home Depot tops earnings estimates amid frozen housing market

Home Depot Price Performance

Shares of NYSE:HD opened at $338.10 on Wednesday. The company has a market cap of $337.12 billion, a P/E ratio of 24.01, a P/E/G ratio of 4.08 and a beta of 0.95. The business has a fifty day simple moving average of $340.08 and a 200-day simple moving average of $340.97. The Home Depot, Inc. has a 52 week low of $289.10 and a 52 week high of $426.75. 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 released its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share for the quarter, topping the consensus estimate of $4.73 by $0.19. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The firm had revenue of $47.86 billion for the quarter, compared to the consensus estimate of $47.24 billion. During the same period in the prior year, the business posted $4.68 earnings per share. The firm'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. Equities research analysts forecast that The Home Depot, Inc. will post 14.99 EPS for the current year.

Home Depot Announces Dividend

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

Analysts Set New Price Targets

HD has been the topic of several recent research reports. The Goldman Sachs Group reduced their price objective on Home Depot from $409.00 to $390.00 and set a "buy" rating on the stock in a research report on Wednesday, May 20th. JPMorgan Chase & Co. cut their target price on shares of Home Depot from $423.00 to $396.00 and set an "overweight" rating for the company in a research note on Wednesday, May 20th. Piper Sandler reduced their target price on shares of Home Depot from $422.00 to $421.00 and set an "overweight" rating on the stock in a report on Wednesday, May 20th. HSBC decreased their price target on shares of Home Depot from $392.00 to $310.00 and set a "hold" rating on the stock in a research note on Wednesday, May 20th. Finally, BNP Paribas Exane cut 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 report on Tuesday, May 19th. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Home Depot presently has an average rating of "Moderate Buy" and a consensus target price of $375.25.

About Home Depot

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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