326,581 Shares in The Home Depot, Inc. $HD Bought by Nykredit A S

Nykredit A S purchased a new stake in The Home Depot, Inc. (NYSE:HD) in the second quarter, HoldingsChannel reports. The institutional investor purchased 326,581 shares of the home improvement retailer’s stock, valued at approximately $115,179,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. InTrack Investment Management Inc acquired a new position in Home Depot during the second quarter worth approximately $207,000. MBA Advisors LLC lifted its position in shares of Home Depot by 9.1% in the second quarter. MBA Advisors LLC now owns 1,807 shares of the home improvement retailer’s stock valued at $637,000 after buying an additional 151 shares during the last quarter. Banco de Sabadell S.A boosted its stake in shares of Home Depot by 18.2% during the 2nd quarter. Banco de Sabadell S.A now owns 7,655 shares of the home improvement retailer’s stock worth $2,704,000 after acquiring an additional 1,176 shares during the period. Murphy Middleton Hinkle & Parker Inc. boosted its stake in shares of Home Depot by 0.3% during the 2nd quarter. Murphy Middleton Hinkle & Parker Inc. now owns 14,958 shares of the home improvement retailer’s stock worth $5,275,000 after acquiring an additional 45 shares during the period. Finally, Acorn Wealth Advisors LLC increased its holdings in shares of Home Depot by 2.6% during the 2nd quarter. Acorn Wealth Advisors LLC now owns 4,356 shares of the home improvement retailer’s stock worth $1,536,000 after acquiring an additional 110 shares during the last quarter. Institutional investors 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: Retail earnings point to a relatively resilient higher-income consumer. Home Depot and Lowe’s reported solid home-improvement sales, suggesting demand for repairs and larger projects remains healthier than spending at some value-oriented retailers. Retail Earnings Just Exposed a Bigger Divide in the U.S. Consumer Economy
• Positive Sentiment: Analysts at Zacks updated estimates for Home Depot’s fiscal third-quarter earnings, providing a fresh valuation and earnings catalyst following the company’s prior quarterly beat. Home Depot most recently reported earnings of $4.92 per share versus a $4.73 consensus estimate, with revenue also exceeding forecasts. Zacks Research Estimates Home Depot’s Q3 Earnings
• Neutral Sentiment: The stock’s valuation is near the middle of its peer group, but analysts question whether its operating performance and growth have fallen behind competitors. This creates potential upside if productivity improves, but also limits enthusiasm until growth reaccelerates. The Gap Between HD Stock And Its Own Numbers
• Negative Sentiment: Mortgage rates recently reached a one-year high following a global bond-market sell-off. Elevated borrowing costs can discourage home purchases, remodeling projects and other large-ticket transactions that drive Home Depot’s sales. Mortgage Rates Just Hit a 1-Year High
• Negative Sentiment: Some investors view weakness in consumer-focused stocks, including Home Depot, as a warning that middle-income households are under pressure. That macro concern could weigh on discretionary home-improvement spending and the broader retail sector. Wall Street worried about GOP in midterms
• Negative Sentiment: One market analysis cited Home Depot’s transition to positive free cash flow in the early 2000s as evidence that growth had slowed, reinforcing concerns that the company’s mature business may offer limited expansion compared with faster-growing retailers. Home Depot stock information

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Piper Sandler reduced their target price on shares of Home Depot from $422.00 to $421.00 and set an “overweight” rating for the company in a report on Wednesday, May 20th. Guggenheim restated a “buy” rating and set a $425.00 price objective on shares of Home Depot in a research report on Wednesday, August 19th. KeyCorp restated a “sector weight” rating on shares of Home Depot in a report on Wednesday, August 19th. Wall Street Zen raised Home Depot from a “sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Finally, Royal Bank Of Canada lowered their target price on Home Depot from $343.00 to $342.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 19th. Eighteen 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.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $375.54.

Home Depot Stock Performance

Shares of NYSE:HD opened at $320.94 on Friday. The Home Depot, Inc. has a 1 year low of $289.10 and a 1 year high of $426.75. The stock has a market capitalization of $320.20 billion, a price-to-earnings ratio of 22.46, a price-to-earnings-growth ratio of 3.53 and a beta of 0.95. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.08 and a quick ratio of 0.31. The company’s 50 day simple moving average is $339.35 and its 200 day simple moving average is $336.40.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (EPS) for the quarter, beating 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 company had revenue of $47.86 billion for the quarter, compared to analyst estimates of $47.24 billion. During the same quarter last year, the company posted $4.68 EPS. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, research analysts predict that The Home Depot, Inc. will post 15 EPS for the current fiscal year.

Home Depot Dividend Announcement

The firm 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 $2.33 dividend. This represents a $9.32 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Thursday, September 3rd. Home Depot’s payout ratio is currently 65.22%.

Insiders Place Their Bets

In related news, CFO Richard V. Mcphail sold 5,989 shares of Home Depot stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $348.40, for a total transaction of $2,086,567.60. Following the sale, the chief financial officer directly owned 48,104 shares of the company’s stock, valued at approximately $16,759,433.60. The trade was a 11.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Teresa Roseborough sold 2,455 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $328.77, for a total transaction of $807,130.35. Following the transaction, the executive vice president owned 14,061 shares of the company’s stock, valued at approximately $4,622,834.97. This represents a 14.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 9,154 shares of company stock valued at $3,132,798. 0.08% of the stock is currently owned by corporate insiders.

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.