EverSource Wealth Advisors LLC Has $7.53 Million Holdings in The Home Depot, Inc. $HD

EverSource Wealth Advisors LLC decreased its stake in shares of The Home Depot, Inc. (NYSE:HD) by 42.7% in the 2nd quarter, Holdings Channel reports. The fund owned 21,338 shares of the home improvement retailer’s stock after selling 15,874 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Home Depot were worth $7,526,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Advocate Investing Services LLC acquired a new position in Home Depot in the 4th quarter worth $25,000. Parvin Asset Management LLC increased 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 worth $26,000 after purchasing an additional 33 shares in the last quarter. Cache Advisors LLC acquired a new stake in shares of Home Depot in the 1st quarter valued at about $27,000. Merkkuri Wealth Advisors LLC acquired a new stake in shares of Home Depot in the 1st quarter valued at about $28,000. Finally, Abound Financial LLC bought a new stake in shares of Home Depot in the fourth quarter valued at about $29,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Guggenheim reaffirmed a “buy” rating and set a $425.00 price objective on shares of Home Depot in a research report on Wednesday. Citigroup dropped their target price on Home Depot from $450.00 to $400.00 and set a “buy” rating on the stock in a research report on Tuesday, May 12th. Royal Bank Of Canada reduced their price target on Home Depot from $343.00 to $342.00 and set a “sector perform” rating for the company in a research report on Wednesday. Truist Financial raised their price target on shares of Home Depot from $369.00 to $373.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Stifel Nicolaus raised their price target on shares of Home Depot from $320.00 to $340.00 and gave the stock a “hold” rating in a research note on Monday. Eighteen research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $375.54.

Home Depot Price Performance

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

Home Depot (NYSE:HD) last released its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $47.24 billion. During the same quarter in the prior year, the company posted $4.68 earnings per share. Home Depot’s revenue was up 5.7% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, sell-side analysts predict that The Home Depot, Inc. will post 14.99 earnings per share for the current fiscal year.

Home Depot News Summary

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.

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.