45,600 Shares in The Home Depot, Inc. $HD Acquired by Mizuho Markets Americas LLC

Mizuho Markets Americas LLC acquired a new stake in The Home Depot, Inc. (NYSE:HD) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 45,600 shares of the home improvement retailer’s stock, valued at approximately $16,082,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Advocate Investing Services LLC purchased a new position in shares of Home Depot in the fourth quarter worth about $25,000. Parvin Asset Management LLC grew its stake in Home Depot by 110.0% during the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock valued at $26,000 after acquiring an additional 33 shares in the last quarter. Cache Advisors LLC acquired a new stake in Home Depot in the 1st quarter valued at about $27,000. Merkkuri Wealth Advisors LLC purchased a new position in Home Depot in the 1st quarter worth approximately $28,000. Finally, Abound Financial LLC purchased a new position in Home Depot in the 4th quarter worth approximately $29,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on HD shares. Wells Fargo & Company upped their price target on Home Depot from $360.00 to $400.00 and gave the company an “overweight” rating in a research report on Tuesday, August 11th. Jefferies Financial Group reissued a “buy” rating and set a $398.00 price objective on shares of Home Depot in a research note on Tuesday. Gordon Haskett upped their target price on Home Depot from $320.00 to $330.00 in a report on Friday, June 12th. Stifel Nicolaus raised their target price on Home Depot from $320.00 to $340.00 and gave the stock a “hold” rating in a research note on Monday. Finally, Evercore reduced their price target on Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a report on Wednesday, May 20th. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $375.54.

Home Depot News Summary

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 stock opened at $343.91 on Thursday. The Home Depot, Inc. has a 1-year low of $289.10 and a 1-year high of $426.75. The firm 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 company has a 50-day moving average of $340.56 and a two-hundred day moving average of $340.77. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.08 and a quick ratio of 0.28.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share for the quarter, beating analysts’ consensus estimates of $4.73 by $0.19. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. The firm had revenue of $47.86 billion during the quarter, compared to analysts’ expectations of $47.24 billion. During the same quarter in the previous year, the business posted $4.68 earnings per share. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, analysts predict that The Home Depot, Inc. will post 14.99 EPS for the current year.

About Home Depot

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.