The Home Depot, Inc. $HD Shares Newly Purchased by Mirae Asset Global Investments Co. Ltd.

Key Points

• Mirae Asset Global Investments purchased 796,707 Home Depot shares in the third quarter, worth approximately $226.7 million, giving it a 0.08% stake. Institutional investors and hedge funds collectively own 70.86% of the company.
• Home Depot’s latest quarterly results exceeded expectations, with EPS of $4.92 and revenue of $47.86 billion, while revenue increased 5.7% year over year. The company also maintains a quarterly dividend of $2.33 per share, representing a 2.8% yield.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $375.31, although some analysts cite valuation concerns and ongoing pressure from high interest rates and weak housing activity.

Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 796,707 shares of the home improvement retailer's stock, valued at approximately $226,655,000. Mirae Asset Global Investments Co. Ltd. owned about 0.08% of Home Depot as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Home Depot in the 2nd quarter worth approximately $28,771,247,000. State Street Corp increased its holdings in Home Depot by 1.1% during the 2nd quarter. State Street Corp now owns 47,175,026 shares of the home improvement retailer's stock valued at $16,637,688,000 after purchasing an additional 499,168 shares in the last quarter. Bank of America Corp DE bought a new position in Home Depot in the 2nd quarter valued at $5,780,468,000. Bank of New York Mellon Corp bought a new position in Home Depot in the 2nd quarter valued at $2,777,396,000. Finally, Amundi raised its position in Home Depot by 26.4% in the 2nd quarter. Amundi now owns 7,339,614 shares of the home improvement retailer's stock valued at $2,588,535,000 after purchasing an additional 1,533,276 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Trading Up 0.1%

Shares of HD opened at $329.31 on Friday. The company has a quick ratio of 0.31, a current ratio of 1.08 and a debt-to-equity ratio of 2.64. The Home Depot, Inc. has a 12-month low of $277.15 and a 12-month high of $397.63. The firm has a market capitalization of $328.55 billion, a PE ratio of 23.04, a price-to-earnings-growth ratio of 2.34 and a beta of 1.00. The stock's fifty day simple moving average is $308.45 and its 200-day simple moving average is $334.91.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.73 by $0.19. The business had revenue of $47.86 billion for the quarter, compared to analysts' expectations of $47.24 billion. Home Depot had a return on equity of 106.42% and a net margin of 8.41%. The firm's quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the business earned $4.68 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, research analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd were given a dividend of $2.33 per share. The ex-dividend date was Thursday, September 3rd. This represents a $9.32 annualized dividend and a dividend yield of 2.8%. Home Depot's payout ratio is currently 65.22%.

Insider Buying and Selling at Home Depot

In related news, CAO Kimberly Scardino sold 675 shares of the business's stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $305.95, for a total transaction of $206,516.25. Following the completion of the sale, the chief accounting officer directly owned 8,189 shares of the company's stock, valued at $2,505,424.55. The trade was a 7.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Michael Rowe sold 710 shares of the firm's stock in a transaction that occurred 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 transaction, the executive vice president directly owned 6,838 shares in the company, valued at approximately $2,302,764.88. The trade was a 9.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 9,829 shares of company stock worth $3,339,314 in the last 90 days. Corporate insiders own 0.08% of the company's stock.

Key Headlines Impacting Home Depot

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

• Positive Sentiment: Steady demand for smaller home-improvement projects and continued digital gains are helping sustain Home Depot’s sales growth despite pressure on larger renovations. This suggests consumers are still spending on maintenance and affordable upgrades. Are Smaller Home Projects Sustaining Home Depot's Sales Growth?
• Positive Sentiment: One analysis identifies HD as a potential long-term stock, supporting the bullish case based on the company’s scale, established brand, cash generation, and ability to benefit when housing and renovation activity recover. Why Home Depot Is a Top Stock for the Long-Term
• Positive Sentiment: Coverage of dividend-focused blue-chip investments highlights Home Depot’s long history of returning cash to shareholders. Its dividend may appeal to investors seeking income while waiting for a broader housing and remodeling recovery. $300,000 in Home Depot, IBM and McDonald's Could Pay Over $8,500 a Year
• Neutral Sentiment: A comparison with Somnigroup International asks whether SGI or HD offers better value. The article is primarily a relative-valuation discussion rather than a new company-specific catalyst, so its effect on HD is likely limited. SGI vs. HD: Which Stock Is the Better Value Option?
• Negative Sentiment: Another analysis argues that HD’s valuation may be demanding after its roughly 20% three-year gain, raising concern that the share price could already reflect much of the expected future cash flow. Home Depot Stock Looks Overvalued After Its Three-Year Run
• Negative Sentiment: Commentary on a delayed macroeconomic recovery presents HD as a potential dip-buying opportunity, but also signals that high interest rates, weaker housing activity, and postponed major renovations may continue to restrain near-term results. Home Depot: Delayed Macro Recovery Triggers Dip Buying Opportunity and Richer Yields

Analyst Upgrades and Downgrades

A number of research firms have commented on HD. Stifel Nicolaus reduced their price objective on Home Depot from $346.00 to $322.00 and set a "hold" rating on the stock in a research note on Monday, October 26th. Melius Research set a $397.00 price objective on shares of Home Depot in a report on Tuesday, October 6th. DA Davidson restated a "buy" rating and issued a $377.00 price objective on shares of Home Depot in a research report on Wednesday, August 19th. KeyCorp reaffirmed a "sector weight" rating on shares of Home Depot in a research note on Wednesday, August 19th. Finally, Wells Fargo & Company upped their target price on shares of Home Depot from $360.00 to $400.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Home Depot has a consensus rating of "Moderate Buy" and an average price target of $375.31.

Home Depot Profile

The Home Depot, Inc is a home improvement retailer serving do-it-yourself customers, professional contractors, and other building and maintenance professionals. The company sells a broad selection of building materials, hardware, tools, appliances, paint, plumbing and electrical supplies, flooring, lighting, lawn and garden products, and home décor.

In addition to merchandise, Home Depot offers services such as product delivery, tool and equipment rental, credit services, and installation for selected products.

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