QRG Capital Management Inc. Buys 11,256 Shares of The Home Depot, Inc. $HD

QRG Capital Management Inc. boosted its position in shares of The Home Depot, Inc. (NYSE:HD) by 7.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 172,877 shares of the home improvement retailer’s stock after purchasing an additional 11,256 shares during the period. QRG Capital Management Inc.’s holdings in Home Depot were worth $60,970,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Zeit Capital LLC acquired a new position in shares of Home Depot during the second quarter worth about $26,000. Cache Advisors LLC bought a new stake in Home Depot in the 1st quarter valued at approximately $27,000. Merkkuri Wealth Advisors LLC acquired a new position in Home Depot during the 1st quarter worth approximately $28,000. Abound Financial LLC acquired a new position in Home Depot during the 4th quarter worth approximately $29,000. Finally, Osbon Capital Management LLC bought a new position in shares of Home Depot during the 4th quarter worth approximately $29,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

More Home Depot News

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

• Positive Sentiment: Home Depot’s investments in its Pro business—including expanded product selection, improved delivery capabilities and tools for complex projects—are reportedly producing positive comparable sales and could support larger-ticket purchases. Is Home Depot Winning Bigger Projects Through Pro Investments?
• Positive Sentiment: Focus Wealth Management views HD as positioned to benefit from an eventual housing-market recovery. Lower mortgage rates or improving housing turnover could encourage remodeling and repair spending, providing a longer-term catalyst. Home Depot Positioned to Benefit from Housing Market Recovery
• Positive Sentiment: A new TP-Link Tapo smart-home partnership could broaden Home Depot’s connected-home assortment and create incremental growth opportunities, although the financial impact is not yet clear. Is Home Depot’s TP-Link Tapo Deal a Turning Point in Its Smart Home Strategy?
• Neutral Sentiment: Investor attention is focused on housing turnover, interest rates, consumer spending, Pro growth and execution of Home Depot’s strategic initiatives—the factors most likely to determine the stock’s next major move. What Is the Market Really Watching at Home Depot?
• Negative Sentiment: Home Depot’s CFO warned that the U.S. housing market is effectively “frozen,” with a key activity metric at a historic low. High mortgage rates and limited affordability are delaying moves and reducing demand for discretionary renovations. Home Depot CFO Issues Warning Over Frozen Housing Market
• Negative Sentiment: Squeezed consumers are reportedly postponing large projects and spending mainly on essential repairs. That shift threatens Home Depot’s higher-margin, big-ticket sales and helps explain the defensive performance of discretionary retailers. Home Depot Warns About Squeezed Shoppers
• Negative Sentiment: Tariff refunds may provide retailers some relief, but shoppers have already absorbed part of earlier tariff-related costs, potentially limiting demand and pricing benefits. How Tariff Refunds Affect Shoppers

Insider Buying and Selling

In other news, EVP Teresa Roseborough sold 2,455 shares of the company’s stock in a transaction 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 completion of the sale, the executive vice president directly owned 14,061 shares in the company, valued at approximately $4,622,834.97. This represents a 14.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Michael Rowe sold 710 shares of the stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $336.76, for a total value of $239,099.60. Following the sale, the executive vice president directly owned 6,838 shares in the company, valued at approximately $2,302,764.88. This trade represents a 9.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 9,829 shares of company stock valued at $3,339,314 over the last 90 days. 0.08% of the stock is currently owned by insiders.

Home Depot Stock Performance

NYSE HD traded down $8.57 during trading on Wednesday, reaching $296.78. The company’s stock had a trading volume of 4,667,956 shares, compared to its average volume of 4,362,683. The firm has a 50 day moving average price of $329.85 and a 200 day moving average price of $330.10. The Home Depot, Inc. has a 12 month low of $289.10 and a 12 month high of $411.41. The firm has a market capitalization of $296.09 billion, a price-to-earnings ratio of 20.77, a price-to-earnings-growth ratio of 3.27 and a beta of 0.95. The company has a current ratio of 1.08, a quick ratio of 0.31 and a debt-to-equity ratio of 2.64.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 EPS for the quarter, topping the consensus estimate of $4.73 by $0.19. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. The company had revenue of $47.86 billion for the quarter, compared to analysts’ expectations of $47.24 billion. During the same period last year, the firm earned $4.68 earnings per share. The business’s revenue for the quarter 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, equities analysts anticipate that The Home Depot, Inc. will post 15 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd were paid a dividend of $2.33 per share. This represents a $9.32 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Thursday, September 3rd. Home Depot’s dividend payout ratio (DPR) is 65.22%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on HD. Jefferies Financial Group reiterated a “buy” rating and issued a $398.00 price objective on shares of Home Depot in a report on Tuesday, August 18th. Gordon Haskett raised their target price on shares of Home Depot from $320.00 to $330.00 in a research report on Friday, June 12th. Weiss Ratings upgraded shares of Home Depot from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 7th. Wolfe Research cut shares of Home Depot from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, June 23rd. Finally, UBS Group restated a “buy” rating on shares of Home Depot in a research note on Thursday, September 17th. Eighteen research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus price target of $375.18.

Home Depot Profile

The Home Depot, Inc is a home improvement retailer that sells building materials, appliances, decor, hardware, tools, paint, lawn and garden products, and related merchandise. The company serves do-it-yourself customers, professional contractors, homebuilders, and other commercial customers through its retail stores and digital platforms.

Home Depot also provides services such as equipment and tool rental, delivery, installation, and project support. Its professional-focused offerings include job-lot quantities, specialized products, credit services, and account support designed for contractors and other trade customers.

Founded in 1978 by Bernie Marcus, Arthur Blank, Ken Langone, and Pat Farrah, the company is headquartered in Atlanta, Georgia.