Vest Financial LLC Buys 4,421 Shares of The Home Depot, Inc. $HD

Key Points

• Vest Financial increased its Home Depot stake by 16.4% in the second quarter, adding 4,421 shares to own 31,431 shares valued at approximately $11.1 million. Institutional investors collectively hold 70.86% of the company.
• Home Depot’s 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%, supported by repair and maintenance demand, professional customers, and digital sales.
• Analyst sentiment remains generally positive: 18 analysts rate the stock a Buy, 13 recommend Hold, and one rates it Sell. The consensus rating is Moderate Buy, with an average price target of $375.54.

Vest Financial LLC lifted its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 16.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,431 shares of the home improvement retailer's stock after buying an additional 4,421 shares during the period. Vest Financial LLC's holdings in Home Depot were worth $11,085,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of HD. Advocate Investing Services LLC bought a new stake in Home Depot in the fourth quarter valued at $25,000. Parvin Asset Management LLC boosted its stake in shares of Home Depot by 110.0% in the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer's stock valued at $26,000 after purchasing an additional 33 shares in the last quarter. Cache Advisors LLC bought a new stake in shares of Home Depot in the 1st quarter worth about $27,000. Merkkuri Wealth Advisors LLC bought a new stake in shares of Home Depot in the 1st quarter worth about $28,000. Finally, Abound Financial LLC acquired a new stake in shares of Home Depot during the 4th quarter worth about $29,000. Institutional investors own 70.86% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. TD Cowen reissued a "buy" rating on shares of Home Depot in a report on Monday, August 10th. Truist Financial lifted their target price on shares of Home Depot from $369.00 to $373.00 and gave the company a "buy" rating in a research note on Wednesday. Wall Street Zen raised Home Depot from a "sell" rating to a "hold" rating in a report on Tuesday, June 2nd. KeyCorp restated a "sector weight" rating on shares of Home Depot in a research report on Wednesday. Finally, Robert W. Baird dropped their price target on Home Depot from $430.00 to $380.00 and set an "outperform" rating for the company in a report on Wednesday, May 20th. Eighteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $375.54.

Key Stories Impacting Home Depot

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

• Positive Sentiment: Q2 beat expectations: Adjusted EPS was $4.92 versus the $4.73 consensus, while revenue rose 5.7% year over year to $47.86 billion, exceeding estimates of roughly $47.2 billion. Home Depot reaffirms guidance amid frozen housing market conditions
• Positive Sentiment: Comparable sales improved: Total comparable sales increased 1.7%, the best performance since 2022, with U.S. comps up 1.3%. Smaller repair, maintenance and DIY projects helped offset weakness in large renovations. Home Depot beats quarterly sales estimates on steady repair demand
• Positive Sentiment: Pro and digital momentum: Professional-customer demand, project activity and record online sales supported results. Nationwide Express Delivery, using more than 2,000 stores as local fulfillment hubs, could improve convenience, order frequency and customer retention. The Home Depot expands nationwide express delivery
• Positive Sentiment: Analyst support: Guggenheim, Argus and DA Davidson reaffirmed Buy ratings, with price targets ranging from $377 to $425, suggesting additional upside if the housing market recovers.

Home Depot Stock Up 1.9%

Home Depot stock opened at $343.91 on Thursday. The company has a 50 day moving average of $340.56 and a 200-day moving average of $340.77. The company has a quick ratio of 0.28, a current ratio of 1.08 and a debt-to-equity ratio of 2.64. The Home Depot, Inc. has a twelve month low of $289.10 and a twelve month high of $426.75. The stock has a market capitalization of $342.92 billion, a PE ratio of 24.07, a price-to-earnings-growth ratio of 4.06 and a beta of 0.95.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $47.86 billion for 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%. The firm's quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the business posted $4.68 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, equities research analysts anticipate that The Home Depot, Inc. will post 14.99 EPS for the current fiscal year.

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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