NewEdge Advisors LLC Lowers Stock Position in The Home Depot, Inc. $HD

Posted by Francis Steltz on Aug 6th, 2026

NewEdge Advisors LLC lessened its position in shares of The Home Depot, Inc. (NYSE:HD – Free Report) by 1.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 463,552 shares of the home improvement retailer’s stock after selling 4,453 shares during the quarter. NewEdge Advisors LLC’s holdings in Home Depot were worth $152,458,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HD. Gator Capital Management LLC acquired a new stake in Home Depot in the fourth quarter valued at approximately $3,693,000. King Luther Capital Management Corp raised its stake in shares of Home Depot by 0.6% during the 4th quarter. King Luther Capital Management Corp now owns 1,240,478 shares of the home improvement retailer’s stock worth $426,848,000 after buying an additional 7,180 shares during the period. Carnegie Investment Counsel lifted its position in shares of Home Depot by 24.8% during the 4th quarter. Carnegie Investment Counsel now owns 108,306 shares of the home improvement retailer’s stock valued at $37,268,000 after buying an additional 21,545 shares in the last quarter. Thompson Siegel & Walmsley LLC grew its stake in 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. Finally, Capital International Inc. CA grew its stake in 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. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Price Performance

Shares of NYSE HD opened at $354.03 on Thursday. The firm has a 50-day simple moving average of $334.43 and a 200-day simple moving average of $343.22. The company has a quick ratio of 0.28, a current ratio of 1.04 and a debt-to-equity ratio of 3.23. The stock has a market capitalization of $353.01 billion, a price-to-earnings ratio of 25.14, a price-to-earnings-growth ratio of 4.02 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 – Get Free Report) last posted its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share 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 firm had revenue of $41.77 billion for the quarter, compared to analyst estimates of $41.59 billion. During the same period in the previous year, the business posted $3.56 earnings per share. Home Depot’s quarterly revenue was up 4.8% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, equities analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were issued a dividend of $2.33 per share. This represents a $9.32 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Thursday, June 4th. Home Depot’s payout ratio is currently 66.19%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on HD shares. Sanford C. Bernstein restated a “market perform” rating and set a $346.00 price objective on shares of Home Depot in a research report on Wednesday, May 20th. The Goldman Sachs Group decreased their price target on shares of Home Depot from $409.00 to $390.00 and set a “buy” rating on the stock in a research note on Wednesday, May 20th. Wolfe Research cut Home Depot from an “outperform” rating to a “peer perform” rating in a report on Tuesday, June 23rd. Mizuho cut their price objective on Home Depot from $415.00 to $385.00 and set an “outperform” rating for the company in a research note on Wednesday, May 20th. Finally, Wells Fargo & Company reduced their target price on Home Depot from $375.00 to $360.00 and set an “overweight” 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 given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and an average price target of $371.71.

View Our Latest Stock Analysis on HD

Home Depot News Summary

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

Positive Sentiment: Home Depot is consolidating its technology teams under its new executive vice president and chief technology officer to accelerate innovation. The move could improve operational efficiency, digital capabilities and customer engagement over time. Home Depot reshuffles leadership to accelerate tech innovation
Positive Sentiment: Wall Street analysts remain moderately optimistic on HD, with the average brokerage recommendation equivalent to “Buy.” This supports sentiment, although the concentration of bullish ratings reduces the reliability of the consensus as a standalone investment signal. Is Home Depot a Buy as Wall Street Analysts Look Optimistic?
Positive Sentiment: Discussion of potentially easing interest rates provides a favorable backdrop for Home Depot because lower borrowing costs may improve housing activity, renovation demand and large-ticket purchases. How Is Home Depot Placed as Rates Ease?
Neutral Sentiment: Home Depot will release its second-quarter results and host an earnings conference call on August 18. The event is a near-term catalyst, but the announcement itself provides no updated guidance or results. The Home Depot to Host Second Quarter Earnings Conference Call
Neutral Sentiment: A seasonal “Christmas in July” merchandise collection generated attention, but the promotion is unlikely to materially affect earnings or valuation. Home Depot Stock Gains With 2026 Christmas in July Collection
Negative Sentiment: A lawsuit alleges that Home Depot used customer data in ways that violated shoppers’ rights. Although the financial impact is uncertain, the case creates legal, reputational and potential compliance risks. Home Depot accused of using customers to boost profit

About Home Depot

(Free Report)

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.