The Home Depot, Inc. $HD Stock: Quadrant Capital Group LLC Lowers Position

Quadrant Capital Group LLC decreased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 5.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 30,946 shares of the home improvement retailer’s stock after selling 1,801 shares during the period. Quadrant Capital Group LLC’s holdings in Home Depot were worth $9,096,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Bank of Nova Scotia purchased a new stake in shares of Home Depot during the 2nd quarter valued at $118,723,000. AFT Forsyth & Company Inc. purchased a new position in Home Depot in the second quarter worth $1,896,000. Field & Main Bank purchased a new position in Home Depot in the second quarter worth $6,286,000. State Street Corp grew its position 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 acquiring an additional 499,168 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its stake in Home Depot by 9.6% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 49,096 shares of the home improvement retailer’s stock valued at $17,315,000 after acquiring an additional 4,292 shares during the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot News Roundup

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

• Positive Sentiment: Home Depot crossed above a historically bullish trendline. Similar technical breakouts have historically preceded significant gains, while the stock had recently posted a six-session advance and remains near the $320 level. Blue-Chip Stock Just Crossed Over Historically Bullish Trendline
• Positive Sentiment: The stock previously outperformed the broader market, supported by investor interest in Home Depot’s professional-contractor strategy, acquisitions, and logistics network. Why Home Depot Outpaced the Stock Market Today
• Neutral Sentiment: Home Depot is becoming a larger distributor, combining 2,364 retail stores with more than 1,340 distribution locations. The broader network could capture more contractor spending, but its margins, capital needs, and returns may differ from the traditional retail model. Home Depot: Does Becoming a Bigger Distributor Change How the Stock Should Be Valued?
• Neutral Sentiment: Home Depot remains a widely watched and trending stock, although investor attention alone does not change the company’s fundamentals. Key factors include housing activity, renovation demand, earnings growth, and execution of its contractor-focused strategy. What to Know Beyond Why Home Depot Is a Trending Stock
• Negative Sentiment: The company is caught between a sluggish housing market and restrained large renovation projects. Weak housing turnover and affordability pressures could delay demand recovery, making investors cautious about paying a premium for Home Depot’s larger platform. Home Depot Stuck Between Two Fundamental Issues

Home Depot Price Performance

Shares of Home Depot stock opened at $313.82 on Thursday. The Home Depot, Inc. has a 52-week low of $277.15 and a 52-week high of $397.63. The stock has a market capitalization of $313.10 billion, a price-to-earnings ratio of 21.96, a price-to-earnings-growth ratio of 2.24 and a beta of 1.00. The company has a fifty day moving average of $310.33 and a 200-day moving average of $323.87. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.31 and a current ratio of 1.08.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 EPS for the quarter, beating the consensus estimate of $4.73 by $0.19. The company had revenue of $47.86 billion for the quarter, compared to analyst estimates of $47.24 billion. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the firm earned $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Equities research analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd were given a dividend of $2.33 per share. This represents a $9.32 annualized dividend and a yield of 3.0%. The ex-dividend date was Thursday, September 3rd. Home Depot’s dividend payout ratio is presently 65.22%.

Insider Buying and Selling at Home Depot

In other news, EVP Michael Rowe sold 710 shares of the firm’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $336.76, for a total transaction of $239,099.60. Following the transaction, the executive vice president directly owned 6,838 shares of the company’s stock, valued at approximately $2,302,764.88. This trade represents a 9.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Teresa Roseborough sold 2,455 shares of Home Depot stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $328.77, for a total value of $807,130.35. Following the completion of the transaction, the executive vice president owned 14,061 shares in the company, valued at approximately $4,622,834.97. This represents a 14.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 9,829 shares of company stock valued at $3,339,314. Corporate insiders own 0.08% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Stifel Nicolaus raised their price target on Home Depot from $320.00 to $340.00 and gave the company a “hold” rating in a research report on Monday, August 17th. Argus reaffirmed a “buy” rating and set a $400.00 price target on shares of Home Depot in a research note on Wednesday, August 19th. Wells Fargo & Company upped their price objective on Home Depot from $360.00 to $400.00 and gave the stock an “overweight” rating in a report on Tuesday, August 11th. Guggenheim reissued a “buy” rating and set a $425.00 price objective on shares of Home Depot in a report on Wednesday, August 19th. Finally, Royal Bank Of Canada dropped their target price on Home Depot from $343.00 to $342.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $375.93.

Home Depot Company Profile

The Home Depot, Inc is a home improvement retailer serving do-it-yourself customers, professional contractors, and other building and maintenance professionals. The company sells a broad selection of building materials, hardware, tools, appliances, paint, plumbing and electrical supplies, flooring, lighting, lawn and garden products, and home décor.

In addition to merchandise, Home Depot offers services such as product delivery, tool and equipment rental, credit services, and installation for selected products.