Gateway Investment Advisers LLC Acquires 1,489 Shares of The Home Depot, Inc. $HD

Gateway Investment Advisers LLC grew its stake in shares of The Home Depot, Inc. (NYSE:HD) by 0.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 251,114 shares of the home improvement retailer’s stock after acquiring an additional 1,489 shares during the period. Home Depot accounts for approximately 0.9% of Gateway Investment Advisers LLC’s portfolio, making the stock its 21st largest holding. Gateway Investment Advisers LLC’s holdings in Home Depot were worth $88,563,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in HD. Parvin Asset Management LLC boosted its stake in Home Depot by 110.0% in the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $26,000 after purchasing an additional 33 shares during the period. Advocate Investing Services LLC bought a new stake in shares of Home Depot during the fourth quarter valued at about $25,000. Key Capital Management INC bought a new stake in shares of Home Depot during the fourth quarter valued at about $28,000. Cache Advisors LLC purchased a new stake in shares of Home Depot in the first quarter worth about $27,000. Finally, Imprint Wealth LLC purchased a new stake in shares of Home Depot in the third quarter worth about $34,000. 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: Wells Fargo raised its price target for Home Depot (HD) to $400, indicating potential upside from current levels. Wells Fargo Raises Home Depot Price Target
• Positive Sentiment: Analysts at Zacks see a possibility that Home Depot will again exceed earnings expectations, citing its history of positive surprises and favorable earnings indicators. Estimates for the upcoming quarter call for approximately $4.73 in earnings per share and $47.24 billion in revenue. Home Depot Earnings Surprise Outlook
• Positive Sentiment: The bankruptcy filing of a smaller hardware rival could modestly benefit Home Depot by reducing competition, although the broader home-improvement market remains pressured by weak housing activity and cautious renovation spending. Hardware Rival Files for Bankruptcy
• Neutral Sentiment: Wall Street is focused on Home Depot’s second-quarter operating metrics beyond revenue and earnings, including customer traffic, comparable-store sales, margins and guidance for the remainder of fiscal 2026. Home Depot Q2 Key Metrics Preview
• Negative Sentiment: CEO, Chair and President Ted Decker is taking a temporary medical leave expected to last several months. CFO Richard McPhail and Executive Vice President Ann-Marie Campbell will oversee the company, but the timing—just days before earnings—adds leadership uncertainty and could amplify the market’s reaction to guidance. Home Depot CEO Medical Leave
• Negative Sentiment: Rising fuel costs may pressure consumers and increase transportation and operating expenses across retail, while the sluggish housing market continues to delay larger do-it-yourself and professional renovation projects. Rising Fuel Costs and Home Depot
• Negative Sentiment: Bernstein maintained a Hold rating, and some analysts argue the stock is already priced for a housing and consumer-spending recovery ahead of confirmation in the upcoming report. Bernstein Maintains Hold Rating

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on HD shares. Morgan Stanley reduced their price objective on shares of Home Depot from $420.00 to $400.00 and set an “overweight” rating for the company in a research note on Wednesday, May 20th. Robert W. Baird cut their price target on shares of Home Depot from $430.00 to $380.00 and set an “outperform” rating for the company in a report on Wednesday, May 20th. Sanford C. Bernstein set a $344.00 price target on shares of Home Depot in a research report on Wednesday. DA Davidson reaffirmed a “buy” rating and issued a $377.00 price target on shares of Home Depot in a report on Monday, July 27th. Finally, Guggenheim reiterated a “buy” rating and issued a $425.00 price objective on shares of Home Depot in a research report on Monday, July 20th. Eighteen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $373.18.

Home Depot Price Performance

Shares of NYSE:HD opened at $341.39 on Friday. The company’s fifty day moving average price is $338.62 and its 200-day moving average price is $341.87. The company has a debt-to-equity ratio of 3.23, a current ratio of 1.04 and a quick ratio of 0.28. The firm has a market capitalization of $340.41 billion, a price-to-earnings ratio of 24.25, a PEG ratio of 4.13 and a beta of 0.95. The Home Depot, Inc. has a one year low of $289.10 and a one year high of $426.75.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.41 by $0.02. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The company had revenue of $41.77 billion during the quarter, compared to the consensus estimate of $41.59 billion. During the same period in the previous year, the firm posted $3.56 EPS. The firm’s revenue was up 4.8% compared to the same quarter last year. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, equities research analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were issued a $2.33 dividend. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Thursday, June 4th. Home Depot’s dividend payout ratio is presently 66.19%.

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.