The Home Depot, Inc. $HD Shares Sold by BNP Paribas

Key Points

• BNP Paribas reduced its Home Depot stake by 9.8% in the second quarter, selling 4,561 shares and retaining 42,182 shares valued at approximately $14.8 million. Institutional investors and hedge funds collectively own 70.86% of the company.
• Home Depot reported quarterly EPS of $4.92 and revenue of $47.86 billion, exceeding analyst expectations, while revenue increased 5.7% year over year. The company also declared a quarterly dividend of $2.33 per share, equivalent to a 2.9% annualized yield.
• Analyst sentiment remains favorable, with an overall “Moderate Buy” rating and an average price target of $375.54, although company insiders sold 9,154 shares worth $3.13 million during the past quarter.

BNP Paribas cut its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 9.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,182 shares of the home improvement retailer's stock after selling 4,561 shares during the period. BNP Paribas' holdings in Home Depot were worth $14,845,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of Nova Scotia acquired a new position in Home Depot during the 2nd quarter worth approximately $118,723,000. Gator Capital Management LLC acquired a new stake in shares of Home Depot in the 4th quarter valued at $3,693,000. AFT Forsyth & Company Inc. purchased a new stake in shares of Home Depot during the 2nd quarter worth $1,896,000. King Luther Capital Management Corp lifted its position in shares of 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 purchasing an additional 7,180 shares during the last quarter. Finally, E Fund Management Co. Ltd. acquired a new position in shares of Home Depot during the second quarter worth $3,915,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Home Depot news, CFO Richard V. Mcphail sold 5,989 shares of the business's stock in a transaction that occurred on Wednesday, August 19th. The stock was 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 can be accessed through this hyperlink. Also, EVP Michael F. Rowe sold 710 shares of the stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $336.76, for a total value of $239,099.60. Following the completion of the sale, the executive vice president directly owned 6,838 shares of the company's stock, valued at $2,302,764.88. The trade was a 9.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 9,154 shares of company stock valued at $3,132,798 over the last quarter. Company insiders own 0.08% of the company's stock.

Home Depot Stock Performance

NYSE HD opened at $318.63 on Thursday. The company has a fifty day moving average of $340.43 and a two-hundred day moving average of $337.03. The company has a market capitalization of $317.89 billion, a PE ratio of 22.30, a P/E/G ratio of 3.52 and a beta of 0.95. The Home Depot, Inc. has a 1 year low of $289.10 and a 1 year high of $426.75. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.08 and a quick ratio of 0.31.

Home Depot (NYSE:HD - Get Free Report) last posted its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 EPS for the quarter, topping analysts' consensus estimates of $4.73 by $0.19. Home Depot had a return on equity of 106.42% and a net margin of 8.41%.The business had revenue of $47.86 billion for the quarter, compared to analysts' expectations of $47.24 billion. During the same quarter in the previous year, the firm earned $4.68 earnings per share. The business's revenue 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. As a group, analysts expect that The Home Depot, Inc. will post 15 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd will be given a dividend of $2.33 per share. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $9.32 annualized dividend and a yield of 2.9%. Home Depot's payout ratio is 65.22%.

Analyst Upgrades and Downgrades

HD has been the topic of several recent analyst reports. TD Cowen reissued a "buy" rating on shares of Home Depot in a report on Monday, August 10th. Wolfe Research downgraded Home Depot from an "outperform" rating to a "peer perform" rating in a report on Tuesday, June 23rd. JPMorgan Chase & Co. lowered their price objective on Home Depot from $423.00 to $396.00 and set an "overweight" rating for the company in a research report on Wednesday, May 20th. Argus reiterated a "buy" rating and issued a $400.00 price objective on shares of Home Depot in a report on Wednesday, August 19th. Finally, DA Davidson reissued a "buy" rating and set a $377.00 target price on shares of Home Depot in a research report on Wednesday, August 19th. 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 company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $375.54.

More Home Depot News

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

• Positive Sentiment: Home Depot’s AI-powered Magic Apron tools are now available across U.S. stores, providing localized product search and project assistance. The technology could improve customer engagement and support the company’s professional-customer growth strategy. Home Depot Could Be 15% Undervalued On Its Pro Growth Narrative
• Positive Sentiment: Zacks Research modestly raised its fiscal 2027 EPS forecast for HD to $15.03 from $14.95, while analysts continue to project earnings growth through fiscal 2029. The company also recently exceeded quarterly EPS and revenue expectations, offering some fundamental support. Home Depot Faces Weak DIY Demand
• Positive Sentiment: A regional competitor, Earl May, reportedly plans to close roughly one-quarter of its stores. While the impact is likely limited, store closures could reduce competition in some local markets. Earl May Closing Stores

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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