Hardy Reed LLC Acquires New Shares in The Home Depot, Inc. $HD

Hardy Reed LLC purchased a new stake in The Home Depot, Inc. (NYSE:HD) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 10,654 shares of the home improvement retailer’s stock, valued at approximately $3,757,000.

Several other hedge funds also recently modified their holdings of HD. Curio Wealth LLC increased its holdings in shares of Home Depot by 13.5% during the 4th quarter. Curio Wealth LLC now owns 218 shares of the home improvement retailer’s stock valued at $76,000 after acquiring an additional 26 shares during the last quarter. Canandaigua National Trust Co of Florida grew its stake in shares of Home Depot by 1.3% in the fourth quarter. Canandaigua National Trust Co of Florida now owns 2,178 shares of the home improvement retailer’s stock worth $749,000 after acquiring an additional 27 shares during the last quarter. Moneco Advisors LLC grew its stake in shares of Home Depot by 0.3% in the fourth quarter. Moneco Advisors LLC now owns 8,743 shares of the home improvement retailer’s stock worth $3,008,000 after acquiring an additional 27 shares during the last quarter. Noesis Capital Mangement Corp increased its position in Home Depot by 1.5% during the fourth quarter. Noesis Capital Mangement Corp now owns 1,770 shares of the home improvement retailer’s stock worth $609,000 after acquiring an additional 27 shares during the period. Finally, Eubel Brady & Suttman Asset Management Inc. increased its position in Home Depot by 1.3% during the fourth quarter. Eubel Brady & Suttman Asset Management Inc. now owns 2,130 shares of the home improvement retailer’s stock worth $733,000 after acquiring an additional 27 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot News Summary

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

• Positive Sentiment: Home Depot’s latest quarter showed solid execution: earnings and revenue exceeded consensus estimates, while sales increased year over year. Bank of America characterized the results as resilient despite a difficult housing backdrop. Home Depot Q2 results analysis
• Positive Sentiment: The board declared a quarterly dividend of $2.33 per share, payable September 17 to shareholders of record September 3. The annualized payout implies a yield of approximately 2.8%, supporting the stock’s income appeal. Home Depot declares quarterly dividend
• Positive Sentiment: DA Davidson, Argus and Guggenheim reiterated or assigned “Buy” ratings, indicating continued confidence in Home Depot’s long-term positioning. The company is also expanding nationwide express delivery to make smaller projects more convenient for cautious consumers. DA Davidson buy rating Home Depot expands express delivery
• Neutral Sentiment: Royal Bank of Canada lowered its price target to $342, while KeyCorp maintained a Sector Weight rating. The mixed recommendations suggest limited near-term upside despite the earnings beat. RBC lowers Home Depot price target
• Neutral Sentiment: Home Depot expanded executive responsibilities and awarded restricted stock, changes intended to support leadership continuity but with no immediate earnings impact. Home Depot executive changes
• Negative Sentiment: Reports highlight margin pressure and an uphill sales environment as customers delay or reduce spending on major renovations. This could constrain comparable sales and profitability even after the recent quarterly beat. Home Depot margin pressure Home Depot customer spending concerns
• Negative Sentiment: CFO Richard McPhail sold 5,989 shares worth approximately $2.1 million, reducing his position by 11.1%. While insider sales do not necessarily signal deteriorating fundamentals, the transaction may weigh modestly on sentiment. Home Depot CFO stock sale

Wall Street Analyst Weigh In

HD has been the subject of a number of research reports. Robert W. Baird reduced their price target on shares of Home Depot from $430.00 to $380.00 and set an “outperform” rating for the company in a report on Wednesday, May 20th. Wells Fargo & Company raised their target price on Home Depot from $360.00 to $400.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 11th. Jefferies Financial Group restated a “buy” rating and issued a $398.00 price target on shares of Home Depot in a research report on Tuesday. Royal Bank Of Canada reduced their price objective on Home Depot from $343.00 to $342.00 and set a “sector perform” rating on the stock in a research note on Wednesday. Finally, Stifel Nicolaus increased their price target on shares of Home Depot from $320.00 to $340.00 and gave the company a “hold” rating in a research note on Monday, August 17th. Eighteen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and a consensus target price of $375.54.

Insider Transactions at Home Depot

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 transaction of $2,086,567.60. Following the transaction, the chief financial officer owned 48,104 shares of the company’s stock, valued at $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 is available through this hyperlink. Company insiders own 0.08% of the company’s stock.

Home Depot Trading Up 0.5%

HD opened at $336.04 on Friday. The stock has a market capitalization of $335.07 billion, a P/E ratio of 23.52, a P/E/G ratio of 3.68 and a beta of 0.95. The company has a current ratio of 1.08, a quick ratio of 0.28 and a debt-to-equity ratio of 2.64. The Home Depot, Inc. has a 12 month low of $289.10 and a 12 month high of $426.75. The firm’s fifty day simple moving average is $340.86 and its 200 day simple moving average is $340.46.

Home Depot (NYSE:HD) last released its quarterly earnings results 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. Home Depot had a return on equity of 106.42% and a net margin of 8.41%.The firm had revenue of $47.86 billion during the quarter, compared to the consensus estimate of $47.24 billion. During the same quarter in the prior year, the firm posted $4.68 EPS. The business’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, research analysts anticipate that The Home Depot, Inc. will post 14.99 EPS for the current fiscal year.

Home Depot Announces Dividend

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 paid a $2.33 dividend. The ex-dividend date is Thursday, September 3rd. This represents a $9.32 dividend on an annualized basis and a yield of 2.8%. Home Depot’s dividend payout ratio (DPR) 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.