Vest Financial LLC Purchases 4,421 Shares of The Home Depot, Inc. $HD

Vest Financial LLC grew its position in shares of The Home Depot, Inc. (NYSE:HD) by 16.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,431 shares of the home improvement retailer’s stock after acquiring an additional 4,421 shares during the quarter. Vest Financial LLC’s holdings in Home Depot were worth $11,085,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in HD. Gator Capital Management LLC bought a new stake in Home Depot during the fourth quarter worth $3,693,000. King Luther Capital Management Corp lifted its stake in Home Depot by 0.6% in the fourth quarter. King Luther Capital Management Corp now owns 1,240,478 shares of the home improvement retailer’s stock valued at $426,848,000 after acquiring an additional 7,180 shares during the last quarter. Thompson Siegel & Walmsley LLC grew its position in shares of Home Depot by 320.4% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 11,292 shares of the home improvement retailer’s stock valued at $3,886,000 after acquiring an additional 8,606 shares during the period. Capital International Inc. CA grew its position in shares of Home Depot by 4.3% in the 4th quarter. Capital International Inc. CA now owns 150,368 shares of the home improvement retailer’s stock valued at $51,742,000 after acquiring an additional 6,187 shares during the period. Finally, Sarasin & Partners LLP increased its stake in shares of Home Depot by 4.0% during the 2nd quarter. Sarasin & Partners LLP now owns 687,219 shares of the home improvement retailer’s stock worth $242,368,000 after purchasing an additional 26,357 shares during the last quarter. 70.86% of the stock is owned by institutional investors.

Home Depot Trading Up 1.9%

HD stock opened at $343.91 on Thursday. The Home Depot, Inc. has a 52 week low of $289.10 and a 52 week high of $426.75. The company has a market capitalization of $342.92 billion, a PE ratio of 24.07, a price-to-earnings-growth ratio of 4.06 and a beta of 0.95. The company’s 50-day simple moving average is $340.56 and its 200 day simple moving average is $340.77. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.28 and a current ratio of 1.08.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share for the quarter, topping the consensus estimate of $4.73 by $0.19. The business 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%. The business’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, sell-side analysts anticipate that The Home Depot, Inc. will post 14.99 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on HD shares. Royal Bank Of Canada cut their target price on shares of Home Depot from $343.00 to $342.00 and set a “sector perform” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. lowered their price target on Home Depot from $423.00 to $396.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 20th. Argus restated a “buy” rating and issued a $400.00 price objective on shares of Home Depot in a research note on Wednesday. HSBC cut their price objective 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. Finally, Weiss Ratings upgraded Home Depot from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 7th. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $375.54.

Home Depot News Roundup

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

• Positive Sentiment: Q2 beat expectations: Adjusted EPS was $4.92 versus the $4.73 consensus, while revenue rose 5.7% year over year to $47.86 billion, exceeding estimates of roughly $47.2 billion. Home Depot reaffirms guidance amid frozen housing market conditions
• Positive Sentiment: Comparable sales improved: Total comparable sales increased 1.7%, the best performance since 2022, with U.S. comps up 1.3%. Smaller repair, maintenance and DIY projects helped offset weakness in large renovations. Home Depot beats quarterly sales estimates on steady repair demand
• Positive Sentiment: Pro and digital momentum: Professional-customer demand, project activity and record online sales supported results. Nationwide Express Delivery, using more than 2,000 stores as local fulfillment hubs, could improve convenience, order frequency and customer retention. The Home Depot expands nationwide express delivery
• Positive Sentiment: Analyst support: Guggenheim, Argus and DA Davidson reaffirmed Buy ratings, with price targets ranging from $377 to $425, suggesting additional upside if the housing market recovers.

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.