The Home Depot, Inc. $HD Shares Purchased by Naples Global Advisors LLC

Naples Global Advisors LLC increased its position in shares of The Home Depot, Inc. (NYSE:HD) by 6.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 37,820 shares of the home improvement retailer’s stock after buying an additional 2,387 shares during the period. Home Depot accounts for 0.8% of Naples Global Advisors LLC’s holdings, making the stock its 27th biggest position. Naples Global Advisors LLC’s holdings in Home Depot were worth $13,338,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HD. Total Clarity Wealth Management Inc. raised its position in shares of Home Depot by 38.1% in the second quarter. Total Clarity Wealth Management Inc. now owns 2,626 shares of the home improvement retailer’s stock worth $926,000 after acquiring an additional 725 shares during the period. Sivia Capital Partners LLC grew its position in shares of Home Depot by 233.2% during the 2nd quarter. Sivia Capital Partners LLC now owns 3,788 shares of the home improvement retailer’s stock valued at $1,336,000 after acquiring an additional 2,651 shares during the period. Nan Fung Trinity HK Ltd. increased its stake in shares of Home Depot by 37.4% in the 2nd quarter. Nan Fung Trinity HK Ltd. now owns 99,919 shares of the home improvement retailer’s stock valued at $35,239,000 after purchasing an additional 27,200 shares in the last quarter. Signaturefd LLC increased its stake in shares of Home Depot by 1.3% in the 2nd quarter. Signaturefd LLC now owns 48,550 shares of the home improvement retailer’s stock valued at $17,123,000 after purchasing an additional 631 shares in the last quarter. Finally, Rare Wolf Capital LLC raised its holdings in Home Depot by 3.9% in the 2nd quarter. Rare Wolf Capital LLC now owns 1,219 shares of the home improvement retailer’s stock worth $430,000 after purchasing an additional 46 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on HD. Wells Fargo & Company boosted their price objective on Home Depot from $360.00 to $400.00 and gave the company an “overweight” rating in a research report on Tuesday, August 11th. Robert W. Baird decreased their target price on Home Depot from $430.00 to $380.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 20th. Sanford C. Bernstein reissued a “market perform” rating and issued a $354.00 price target on shares of Home Depot in a research note on Wednesday. BNP Paribas Exane cut their price target on shares of Home Depot from $348.00 to $325.00 and set a “neutral” rating for the company in a report on Tuesday, May 19th. Finally, Mizuho upped their price objective on shares of Home Depot from $385.00 to $390.00 and gave the stock an “outperform” rating in a research report on Wednesday. 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 company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $375.54.

Trending Headlines about Home Depot

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 Trading Up 1.9%

Shares of HD 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 stock has a market cap 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 firm’s fifty day moving average is $340.56 and its two-hundred day moving average is $340.77. The company has a quick ratio of 0.28, a current ratio of 1.08 and a debt-to-equity ratio of 2.64.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 EPS for the quarter, beating analysts’ consensus estimates 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 company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the business earned $4.68 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Research analysts forecast that The Home Depot, Inc. will post 14.99 earnings per share for the current fiscal year.

Home Depot 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.