The Home Depot, Inc. $HD Shares Acquired by Xcel Wealth Management LLC

Xcel Wealth Management LLC boosted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 4.7% during the second quarter, HoldingsChannel.com reports. The firm owned 36,233 shares of the home improvement retailer’s stock after acquiring an additional 1,629 shares during the period. Home Depot makes up about 3.0% of Xcel Wealth Management LLC’s portfolio, making the stock its 7th largest holding. Xcel Wealth Management LLC’s holdings in Home Depot were worth $12,779,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Home Depot by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 99,635,779 shares of the home improvement retailer’s stock valued at $34,284,672,000 after purchasing an additional 1,325,748 shares during the last quarter. State Street Corp raised its stake in shares of Home Depot by 1.8% during the 4th quarter. State Street Corp now owns 46,925,342 shares of the home improvement retailer’s stock worth $16,147,010,000 after purchasing an additional 825,164 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Home Depot by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 23,756,142 shares of the home improvement retailer’s stock valued at $8,151,344,000 after buying an additional 343,153 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Home Depot by 1.6% during the 1st quarter. Bank of America Corp DE now owns 16,314,357 shares of the home improvement retailer’s stock valued at $5,365,629,000 after buying an additional 250,825 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Home Depot by 7.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 15,471,132 shares of the home improvement retailer’s stock valued at $5,323,620,000 after buying an additional 1,113,114 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on HD. TD Cowen reaffirmed a “buy” rating on shares of Home Depot in a research report on Monday, August 10th. Wall Street Zen upgraded shares of Home Depot from a “sell” rating to a “hold” rating in a report on Tuesday, June 2nd. Truist Financial lifted their price objective on shares of Home Depot from $369.00 to $373.00 and gave the company a “buy” rating in a research note on Wednesday. Wells Fargo & Company upped their price objective on shares of Home Depot from $360.00 to $400.00 and gave the stock an “overweight” rating in a report on Tuesday, August 11th. Finally, The Goldman Sachs Group lowered their target price on shares of Home Depot from $409.00 to $390.00 and set a “buy” rating on the stock in a research report on Wednesday, May 20th. Eighteen equities 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’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $375.54.

Home Depot News Roundup

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

• Positive Sentiment: Home Depot reported quarterly revenue of $47.86 billion and adjusted earnings of $4.92 per share, exceeding analyst expectations. Revenue increased 5.7% year over year, supported by professional-customer demand, project activity and improved digital fulfillment. Home Depot Q2 Earnings Call Spotlights Pro Momentum and Cost Pressures
• Positive Sentiment: Analysts at BofA, UBS and other firms viewed the results as evidence of stronger execution and potential growth ahead of a broader home-improvement recovery. Several analysts reaffirmed Buy ratings, including DA Davidson, Argus and Guggenheim, with price targets ranging from $377 to $425. Home Depot’s Q2 Results Show Solid Execution Amid Tough Housing Backdrop, BofA Says
• Positive Sentiment: The board declared a quarterly dividend of $2.33 per share, payable September 17 to shareholders of record September 3, providing continued income support for investors. The Home Depot Declares Quarterly Dividend of $2.33
• Neutral Sentiment: Home Depot expanded express delivery nationwide from local stores, a move aimed at capturing smaller, convenience-driven projects as customers defer large renovations. Home Depot offers nationwide express delivery from local stores
• Negative Sentiment: Elevated mortgage rates continue to discourage home moves and major remodeling projects, shifting spending toward maintenance rather than higher-ticket purchases. Analysts also warned that a $730 million tariff refund largely offset higher fuel, energy and operating costs, limiting its benefit to earnings. Home Depot’s $730 million tariff refund was largely offset by rising costs
• Negative Sentiment: Investor sentiment remains mixed: RBC lowered its price target to $342 and maintained a Sector Perform rating, while commentary cautioned that the earnings beat does not yet signal a broad housing recovery. Home Depot faces uphill battle amid a growing customer problem

Home Depot Trading Down 2.9%

Shares of HD stock opened at $334.28 on Friday. The Home Depot, Inc. has a 12 month low of $289.10 and a 12 month high of $426.75. 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 business’s 50 day moving average is $340.71 and its two-hundred day moving average is $340.49. The company has a market cap of $333.32 billion, a PE ratio of 23.39, a price-to-earnings-growth ratio of 4.49 and a beta of 0.95.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share for the quarter, topping analysts’ consensus estimates of $4.73 by $0.19. The business had revenue of $47.86 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the company earned $4.68 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Equities analysts predict that The Home Depot, Inc. will post 14.99 EPS for the current year.

Home Depot Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a yield of 2.8%. Home Depot’s payout ratio is currently 65.22%.

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.