The Home Depot, Inc. $HD is Nan Fung Trinity HK Ltd.’s 7th Largest Position

Nan Fung Trinity HK Ltd. increased its stake in shares of The Home Depot, Inc. (NYSE:HD) by 37.4% during the 2nd quarter, Holdings Channel.com reports. The fund owned 99,919 shares of the home improvement retailer’s stock after purchasing an additional 27,200 shares during the quarter. Home Depot accounts for approximately 3.5% of Nan Fung Trinity HK Ltd.’s portfolio, making the stock its 7th largest position. Nan Fung Trinity HK Ltd.’s holdings in Home Depot were worth $35,239,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in HD. Vanguard Group Inc. raised its holdings in Home Depot by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 99,635,779 shares of the home improvement retailer’s stock valued at $34,284,672,000 after buying an additional 1,325,748 shares during the last quarter. State Street Corp increased its position in shares of Home Depot by 1.8% in the fourth quarter. State Street Corp now owns 46,925,342 shares of the home improvement retailer’s stock valued at $16,147,010,000 after acquiring an additional 825,164 shares during the period. Geode Capital Management LLC raised its stake in shares of Home Depot by 1.5% during the fourth 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 acquiring an additional 343,153 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Home Depot by 1.6% during the first 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 acquiring an additional 250,825 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Home Depot by 7.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 15,471,132 shares of the home improvement retailer’s stock worth $5,323,620,000 after purchasing an additional 1,113,114 shares during the period. Institutional investors own 70.86% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on HD. Morgan Stanley cut their target price on Home Depot from $420.00 to $400.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 20th. HSBC lowered their price target on Home Depot from $392.00 to $310.00 and set a “hold” rating for the company in a research report on Wednesday, May 20th. Guggenheim reiterated a “buy” rating and issued a $425.00 price objective on shares of Home Depot in a report on Monday, July 20th. Royal Bank Of Canada lifted their price objective on Home Depot from $340.00 to $343.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 12th. Finally, Oppenheimer reduced their target price on Home Depot from $405.00 to $310.00 and set a “market perform” rating on the stock in a report on Monday, May 18th. 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 stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $375.25.

Home Depot News Roundup

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

• Positive Sentiment: Home Depot reported fiscal Q2 adjusted EPS of $4.92, above the $4.73 consensus estimate, while revenue rose 5.7% year over year to $47.86 billion, exceeding expectations of approximately $47.24 billion. Home Depot reaffirms guidance amid frozen housing market conditions
• Positive Sentiment: Comparable sales increased 1.7% globally and 1.3% in the U.S.—the company’s strongest comparable-sales performance since 2022—as customers continued smaller repair and maintenance projects despite high mortgage rates and housing costs. Average ticket rose 2.8%, helping offset a 1.0% decline in comparable transactions. Home Depot beats quarterly sales estimates on steady repair demand
• Positive Sentiment: The nationwide rollout of Express Delivery, using more than 2,000 U.S. stores as fulfillment hubs for delivery in three hours or less, could support online sales, customer retention and Pro-customer demand. The Home Depot expands nationwide express delivery
• Neutral Sentiment: Management reaffirmed fiscal 2026 guidance for roughly 2.5%–4.5% sales growth, flat to 2.0% comparable-sales growth and EPS of $14.690–$15.278. Maintaining the outlook provides stability, but the lack of an increase suggests a housing recovery has not yet materialized.
• Negative Sentiment: Executives described housing conditions as “frozen.” Customers are avoiding large renovations, while weak housing starts and elevated Treasury yields remain headwinds for discretionary projects and valuation. The CEO’s recently announced medical leave adds a separate near-term leadership uncertainty. Home Depot tops earnings estimates amid frozen housing market

Home Depot Stock Up 0.1%

NYSE:HD opened at $338.10 on Wednesday. The firm has a market cap of $337.12 billion, a P/E ratio of 24.01, a P/E/G ratio of 4.08 and a beta of 0.95. The company has a debt-to-equity ratio of 3.23, a quick ratio of 0.28 and a current ratio of 1.04. The Home Depot, Inc. has a fifty-two week low of $289.10 and a fifty-two week high of $426.75. The firm has a 50-day simple moving average of $340.08 and a two-hundred day simple moving average of $340.97.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 EPS for the quarter, topping analysts’ consensus estimates of $4.73 by $0.19. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The business had revenue of $47.86 billion during the quarter, compared to analyst estimates of $47.24 billion. During the same quarter last year, the company earned $4.68 EPS. The company’s quarterly revenue 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. Analysts predict that The Home Depot, Inc. will post 14.99 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were given a dividend of $2.33 per share. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.8%. Home Depot’s payout ratio is presently 66.19%.

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.