Sone Capital Management LLC Buys New Position in The Home Depot, Inc. $HD

Posted by Brenda Bartman on Aug 31st, 2026

Sone Capital Management LLC purchased a new position in The Home Depot, Inc. (NYSE:HD – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 3,263 shares of the home improvement retailer’s stock, valued at approximately $1,151,000.

A number of other institutional investors have also recently made changes to their positions in HD. Brighton Jones LLC grew its position in Home Depot by 36.5% in the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock worth $10,471,000 after acquiring an additional 7,203 shares in the last quarter. Sivia Capital Partners LLC raised its position in Home Depot by 7.1% during the second quarter. Sivia Capital Partners LLC now owns 2,598 shares of the home improvement retailer’s stock valued at $952,000 after purchasing an additional 173 shares in the last quarter. Schnieders Capital Management LLC. lifted its stake in Home Depot by 14.1% during the second quarter. Schnieders Capital Management LLC. now owns 11,587 shares of the home improvement retailer’s stock worth $4,248,000 after purchasing an additional 1,433 shares during the last quarter. Darwin Wealth Management LLC bought a new stake in Home Depot during the second quarter worth about $1,773,000. Finally, Financial Advisors Network Inc. boosted its holdings in shares of Home Depot by 11.3% in the 2nd quarter. Financial Advisors Network Inc. now owns 2,368 shares of the home improvement retailer’s stock worth $868,000 after purchasing an additional 241 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Home Depot News Roundup

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

Positive Sentiment: Home Depot reported fiscal second-quarter sales of $47.86 billion, up 5.7% year over year and its strongest comparable-sales growth since 2022. Adjusted earnings of $4.92 per share exceeded the $4.73 analyst consensus, reinforcing the view that the retailer’s turnaround is gaining traction. The Home Depot Posts Record Sales Growth Amid CEO Leave
Positive Sentiment: The company expanded its Magic Apron AI shopping assistant to every U.S. store. The tool provides localized product information, project guidance and store navigation through text, voice, images and multiple languages. Its potential to improve customer service, employee productivity and conversion rates supports the long-term growth narrative. The Home Depot Expands Magic Apron
Neutral Sentiment: Analysts and recent commentary see significant upside if housing and remodeling demand recover, with Home Depot’s scale and professional-customer base viewed as competitive advantages. However, the stock remains below its 50-day and 200-day moving averages, indicating that investors have not fully embraced the turnaround thesis. Home Depot Turnaround Could Be Bigger Than Investors Expect
Neutral Sentiment: Although Home Depot beat quarterly estimates, a reported $685 million tariff refund may have boosted results. Investors could discount part of the earnings strength if the benefit is viewed as nonrecurring. Home Depot Beat Q2 Estimates
Negative Sentiment: CEO Ted Decker is on temporary medical leave, creating uncertainty around leadership even as operating performance improves. Separately, EVP Michael Rowe sold 710 shares valued at approximately $239,100, a relatively small transaction but a modest negative sentiment signal. Home Depot EVP Michael Rowe Sells Shares

Analyst Upgrades and Downgrades

HD has been the topic of several recent research reports. DA Davidson reiterated a “buy” rating and set a $377.00 price objective on shares of Home Depot in a research report on Wednesday, August 19th. Bank of America started coverage on Home Depot in a research note on Tuesday, May 5th. They issued a “buy” rating and a $374.00 target price for the company. Jefferies Financial Group reiterated a “buy” rating and set a $398.00 price target on shares of Home Depot in a research report on Tuesday, August 18th. Piper Sandler decreased their price target on shares of Home Depot from $422.00 to $421.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 20th. Finally, Citigroup lowered their price objective on shares of Home Depot from $450.00 to $400.00 and set a “buy” rating for the company in a report on Tuesday, May 12th. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and an average price target of $375.54.

View Our Latest Stock Report on Home Depot

Home Depot Trading Down 0.1%

Shares of HD stock opened at $329.80 on Monday. The business has a 50-day moving average of $340.97 and a 200 day moving average of $338.46. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.08 and a quick ratio of 0.31. The Home Depot, Inc. has a 1-year low of $289.10 and a 1-year high of $426.75. The stock has a market capitalization of $329.04 billion, a PE ratio of 23.08, a P/E/G ratio of 3.64 and a beta of 0.95.

Home Depot (NYSE:HD – Get Free Report) last announced its quarterly earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 EPS for the quarter, topping 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 business had revenue of $47.86 billion for the quarter, compared to analysts’ expectations of $47.24 billion. During the same period in the previous year, the firm earned $4.68 EPS. The business’s quarterly revenue was up 5.7% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, sell-side analysts anticipate that The Home Depot, Inc. will post 15 earnings per share for the current year.

Home Depot Announces Dividend

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

Insider Buying and Selling at Home Depot

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

(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.