Portfolio Design Labs LLC Invests $2.19 Million in The Home Depot, Inc. $HD

Portfolio Design Labs LLC bought a new stake in shares of The Home Depot, Inc. (NYSE:HD) in the second quarter, Holdings Channel.com reports. The fund bought 6,199 shares of the home improvement retailer’s stock, valued at approximately $2,186,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HD. Curio Wealth LLC raised its stake in Home Depot by 13.5% during the fourth quarter. Curio Wealth LLC now owns 218 shares of the home improvement retailer’s stock worth $76,000 after buying an additional 26 shares during the last quarter. Canandaigua National Trust Co of Florida lifted its stake in shares of Home Depot by 1.3% in the 4th quarter. Canandaigua National Trust Co of Florida now owns 2,178 shares of the home improvement retailer’s stock valued at $749,000 after purchasing an additional 27 shares during the period. Moneco Advisors LLC lifted its stake in Home Depot by 0.3% in the fourth quarter. Moneco Advisors LLC now owns 8,743 shares of the home improvement retailer’s stock valued at $3,008,000 after buying an additional 27 shares during the period. Noesis Capital Mangement Corp boosted its holdings in shares of Home Depot by 1.5% during the 4th quarter. Noesis Capital Mangement Corp now owns 1,770 shares of the home improvement retailer’s stock worth $609,000 after buying an additional 27 shares in the last quarter. Finally, Eubel Brady & Suttman Asset Management Inc. grew its position in shares of Home Depot by 1.3% during the 4th quarter. Eubel Brady & Suttman Asset Management Inc. now owns 2,130 shares of the home improvement retailer’s stock worth $733,000 after buying an additional 27 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Price Performance

HD stock opened at $328.80 on Friday. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.31 and a current ratio of 1.08. The business has a 50-day simple moving average of $341.07 and a two-hundred day simple moving average of $338.82. The company has a market capitalization of $328.04 billion, a P/E ratio of 23.01, a price-to-earnings-growth ratio of 3.69 and a beta of 0.95. The Home Depot, Inc. has a 52-week low of $289.10 and a 52-week high of $426.75.

Home Depot (NYSE:HD) last posted its earnings results 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 return on equity of 106.42% and a net margin of 8.41%.The company had revenue of $47.86 billion for the quarter, compared to analyst estimates of $47.24 billion. During the same quarter last year, the company earned $4.68 earnings per share. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Research analysts expect that The Home Depot, Inc. will post 14.99 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd will be paid a $2.33 dividend. The ex-dividend date is Thursday, September 3rd. This represents a $9.32 annualized dividend and a dividend yield of 2.8%. Home Depot’s dividend payout ratio is presently 65.22%.

Analyst Upgrades and Downgrades

HD has been the topic of a number of research reports. Wall Street Zen upgraded shares of Home Depot from a “sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Telsey Advisory Group cut their price objective on shares of Home Depot from $435.00 to $410.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 20th. DA Davidson reaffirmed a “buy” rating and issued a $377.00 target price on shares of Home Depot in a research report on Wednesday, August 19th. Morgan Stanley cut their price target on Home Depot from $420.00 to $400.00 and set an “overweight” rating on the stock in a report on Wednesday, May 20th. Finally, HSBC decreased their price objective on Home Depot from $392.00 to $310.00 and set a “hold” rating for the company 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’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $375.54.

More Home Depot News

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

• Positive Sentiment: Home Depot expanded its Magic Apron AI assistant to all U.S. stores. The tool provides localized product information, project guidance and store navigation through text, voice, images and multiple languages. With millions of questions handled monthly, the rollout could improve customer service, associate productivity and sales conversion. The Home Depot Expands Magic Apron to Deliver Personalized and Localized In-Store Guidance
• Positive Sentiment: Recent analysis argues that Home Depot is showing its clearest turnaround signal in roughly two years. Analysts remain generally constructive, while the company’s recent quarterly results showed revenue growth and earnings above expectations, potentially positioning HD to benefit disproportionately when housing and remodeling demand recover. Prediction: Home Depot’s Turnaround Could Be Bigger Than Investors Expect
• Positive Sentiment: A comparison with Lowe’s suggests Home Depot may be the stronger housing-recovery play, with its scale, professional-customer exposure and strategic execution differentiating it in a frozen housing market. Home Depot vs. Lowe’s: One Housing Recovery Play Stands Out
• Neutral Sentiment: Home Depot beat second-quarter estimates, but coverage highlights a $685 million tariff refund. Because the refund may be a one-time benefit rather than recurring operating improvement, investors may be discounting part of the earnings upside. Home Depot Beat Q2 Estimates. What Did the $685M Tariff Refund Change?
• Negative Sentiment: Executive Vice President Michael F. Rowe sold 710 shares worth approximately $239,100, reducing his direct holdings by 9.4%. The transaction is relatively small and may be routine, but insider selling can add modest sentiment pressure. SEC Insider Transaction Filing

Insider Activity

In other Home Depot news, EVP Michael F. Rowe sold 710 shares of the company’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $336.76, for a total value of $239,099.60. Following the completion of the sale, the executive vice president directly owned 6,838 shares of the company’s stock, valued at approximately $2,302,764.88. This represents a 9.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Richard V. Mcphail sold 5,989 shares of the stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $348.40, for a total transaction of $2,086,567.60. Following the completion of the sale, the chief financial officer owned 48,104 shares of the company’s stock, valued at approximately $16,759,433.60. This trade represents a 11.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.08% of the company’s stock.

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.