The Home Depot, Inc. $HD Position Boosted by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. increased its position in The Home Depot, Inc. (NYSE:HD) by 0.4% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,596,155 shares of the home improvement retailer’s stock after purchasing an additional 10,708 shares during the period. Envestnet Asset Management Inc. owned 0.26% of Home Depot worth $915,609,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of Home Depot in the 2nd quarter valued at approximately $28,771,247,000. State Street Corp boosted its holdings in Home Depot by 1.1% in the second quarter. State Street Corp now owns 47,175,026 shares of the home improvement retailer’s stock worth $16,637,688,000 after purchasing an additional 499,168 shares during the period. Geode Capital Management LLC increased its stake in 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 purchasing an additional 343,153 shares during the last quarter. Bank of America Corp DE bought a new stake in Home Depot during the second quarter valued at $5,780,468,000. Finally, Norges Bank acquired a new stake in shares of Home Depot during the fourth quarter worth $4,850,329,000. 70.86% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Richard V. Mcphail sold 5,989 shares of the stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $348.40, for a total value of $2,086,567.60. Following the completion of the transaction, the chief financial officer owned 48,104 shares of the company’s stock, valued at approximately $16,759,433.60. This represents a 11.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Michael F. Rowe sold 710 shares of the firm’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $336.76, for a total value of $239,099.60. Following the transaction, the executive vice president directly owned 6,838 shares in the company, valued at $2,302,764.88. This trade represents a 9.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 9,829 shares of company stock worth $3,339,314 over the last 90 days. Insiders own 0.08% of the company’s stock.

Analyst Ratings Changes

HD has been the topic of a number of recent research reports. Guggenheim restated a “buy” rating and issued a $425.00 price target on shares of Home Depot in a research report on Wednesday, August 19th. Argus reiterated a “buy” rating and set a $400.00 price objective on shares of Home Depot in a research note on Wednesday, August 19th. Stifel Nicolaus increased their price objective on shares of Home Depot from $320.00 to $340.00 and gave the stock a “hold” rating in a research note on Monday, August 17th. Sanford C. Bernstein decreased their target price on Home Depot from $354.00 to $344.00 and set a “market perform” rating for the company in a research note on Wednesday, September 9th. Finally, Wolfe Research lowered Home Depot from an “outperform” rating to a “peer perform” rating in a report on Tuesday, June 23rd. Eighteen 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 has an average rating of “Moderate Buy” and a consensus target price of $375.18.

Key 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

Home Depot Stock Performance

NYSE:HD traded down $8.57 during mid-day trading on Wednesday, hitting $296.78. The stock had a trading volume of 4,667,956 shares, compared to its average volume of 4,362,683. The company has a current ratio of 1.08, a quick ratio of 0.31 and a debt-to-equity ratio of 2.64. The company has a 50 day simple moving average of $329.85 and a 200-day simple moving average of $330.10. The stock has a market capitalization of $296.09 billion, a price-to-earnings ratio of 20.77, a P/E/G ratio of 3.27 and a beta of 0.95. The Home Depot, Inc. has a 52 week low of $289.10 and a 52 week high of $411.41.

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 the consensus estimate of $4.73 by $0.19. The firm 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 quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, research analysts expect that The Home Depot, Inc. will post 15 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Thursday, September 3rd were given a $2.33 dividend. This represents a $9.32 annualized dividend and a yield of 3.1%. The ex-dividend date was Thursday, September 3rd. Home Depot’s dividend payout ratio (DPR) is currently 65.22%.

About Home Depot

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.