The Home Depot, Inc. $HD Shares Sold by The Manufacturers Life Insurance Company

Key Points

• The Manufacturers Life Insurance Company cut its Home Depot stake by 4.1% in the second quarter, selling 29,759 shares and retaining 692,349 shares valued at approximately $244.2 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, up 5.7% year over year. The company also declared a quarterly dividend of $2.33, equivalent to a 3.0% annual yield.
• Despite growth from professional customers, digital sales and faster fulfillment, analysts cite housing weakness, cost pressures and declining store traffic as risks. The stock has a “Moderate Buy” consensus rating with an average price target of $375.18.

The Manufacturers Life Insurance Company reduced its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 4.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 692,349 shares of the home improvement retailer's stock after selling 29,759 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.07% of Home Depot worth $244,178,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Capstone Financial Advisors Inc. grew its stake in shares of Home Depot by 4.9% during the 2nd quarter. Capstone Financial Advisors Inc. now owns 2,268 shares of the home improvement retailer's stock worth $800,000 after purchasing an additional 105 shares during the period. Tortoise Investment Management LLC lifted its stake in shares of Home Depot by 1.1% in the second quarter. Tortoise Investment Management LLC now owns 3,407 shares of the home improvement retailer's stock valued at $1,202,000 after purchasing an additional 38 shares during the period. Sequoia Financial Advisors LLC lifted its stake in shares of Home Depot by 4.9% in the second quarter. Sequoia Financial Advisors LLC now owns 229,708 shares of the home improvement retailer's stock valued at $81,013,000 after purchasing an additional 10,654 shares during the period. Van Hulzen Asset Management LLC boosted its holdings in Home Depot by 8.8% during the second quarter. Van Hulzen Asset Management LLC now owns 6,294 shares of the home improvement retailer's stock worth $2,220,000 after buying an additional 509 shares in the last quarter. Finally, MCF Advisors LLC grew its position in Home Depot by 3.4% during the second quarter. MCF Advisors LLC now owns 12,270 shares of the home improvement retailer's stock worth $4,327,000 after buying an additional 409 shares during the period. Institutional investors and hedge funds own 70.86% of the company's stock.

Key Headlines Impacting Home Depot

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

• Positive Sentiment: Home Depot continues to benefit from momentum among professional customers, digital sales growth and faster fulfillment, which could support market-share gains and future growth despite a challenging housing environment. Home Depot Drops 12.4% in a Month: Time to Buy or Stay Cautious?
• Positive Sentiment: Home Depot is highlighted as a company with a durable record of dividend increases, potentially making the stock more attractive to income-focused investors during a cyclical downturn. 5 Stocks That Keep Raising Their Dividend Regardless Of The Market
• Neutral Sentiment: A quantitative signal has emerged that may interest contrarian options traders, although it does not change the company’s underlying operating outlook. A Rare Quant Signal Just Flashed for Contrarian Options Traders in Home Depot Stock
• Negative Sentiment: The key concern is that sales growth appears to be coming from larger customer baskets rather than more shopping visits. Continued reductions in traffic could make growth harder to sustain, particularly while the housing market remains effectively frozen. What Happens To Home Depot Stock If Shoppers Keep Visiting Less?
• Negative Sentiment: Analysts continue to cite housing weakness and cost pressures as risks. Sanford C. Bernstein lowered its price target from $354 to $344 and maintained a “market perform” rating, signaling limited near-term conviction.

Home Depot Stock Down 1.6%

Shares of NYSE HD opened at $305.58 on Friday. The firm has a market cap of $304.87 billion, a P/E ratio of 21.38, a price-to-earnings-growth ratio of 3.42 and a beta of 0.95. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.31 and a current ratio of 1.08. The Home Depot, Inc. has a 1 year low of $289.10 and a 1 year high of $426.75. The firm's 50 day moving average price is $336.12 and its 200 day moving average price is $334.07.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 EPS for the quarter, topping the consensus estimate of $4.73 by $0.19. The firm had revenue of $47.86 billion during the quarter, compared to analyst estimates of $47.24 billion. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. Home Depot's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.68 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, sell-side analysts anticipate that The Home Depot, Inc. will post 15 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd will be issued a $2.33 dividend. This represents a $9.32 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Thursday, September 3rd. Home Depot's dividend payout ratio is currently 65.22%.

Insider Buying and Selling at Home Depot

In related news, EVP Michael Rowe sold 710 shares of Home Depot 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 sale, the executive vice president owned 6,838 shares of the company's stock, valued at $2,302,764.88. The trade was a 9.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Teresa Roseborough sold 2,455 shares of Home Depot stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $328.77, for a total value of $807,130.35. Following the sale, the executive vice president owned 14,061 shares in the company, valued at $4,622,834.97. This represents a 14.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 9,154 shares of company stock valued at $3,132,798 over the last 90 days. 0.08% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Sanford C. Bernstein reduced their price target on shares of Home Depot from $354.00 to $344.00 and set a "market perform" rating for the company in a research report on Wednesday. BNP Paribas Exane dropped their price objective on Home Depot from $348.00 to $325.00 and set a "neutral" rating for the company in a research note on Tuesday, May 19th. Stifel Nicolaus lifted their price objective on Home Depot from $320.00 to $340.00 and gave the stock a "hold" rating in a report on Monday, August 17th. Piper Sandler decreased their target price on Home Depot from $422.00 to $421.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 20th. Finally, KeyCorp reissued a "sector weight" rating on shares of Home Depot in a report on Wednesday, August 19th. Eighteen equities research 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. Based on data from MarketBeat, Home Depot has an average rating of "Moderate Buy" and an average target price of $375.18.

Home Depot 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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