Hara Capital LLC bought a new position in shares of The Home Depot, Inc. (NYSE:HD – Free Report) during the 2nd quarter, HoldingsChannel reports. The fund bought 1,575 shares of the home improvement retailer’s stock, valued at approximately $555,000.
A number of other hedge funds also recently modified their holdings of the stock. Parvin Asset Management LLC grew its stake in Home Depot by 110.0% during the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $26,000 after buying an additional 33 shares in the last quarter. Zeit Capital LLC acquired a new position in shares of Home Depot in the 2nd quarter valued at approximately $26,000. Advocate Investing Services LLC bought a new stake in shares of Home Depot during the 4th quarter worth approximately $25,000. Cache Advisors LLC bought a new stake in shares of Home Depot during the 1st quarter worth approximately $27,000. Finally, Imprint Wealth LLC acquired a new stake in shares of Home Depot during the 3rd quarter worth approximately $34,000. Institutional investors own 70.86% of the company’s stock.
Trending Headlines about Home Depot
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
Wall Street Analyst Weigh In
Read Our Latest Research Report on HD
Insider Activity
In other news, EVP Michael F. Rowe sold 710 shares of Home Depot stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $336.76, for a total transaction of $239,099.60. Following the sale, the executive vice president directly owned 6,838 shares of the company’s stock, valued at approximately $2,302,764.88. This trade represents a 9.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Richard V. Mcphail sold 5,989 shares of the business’s stock in a transaction dated Wednesday, August 19th. The stock was 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 in the company, valued at approximately $16,759,433.60. This trade represents a 11.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.08% of the stock is currently owned by company insiders.
Home Depot Stock Performance
NYSE HD opened at $328.80 on Friday. The firm’s fifty day moving average price is $341.07 and its two-hundred day moving average price is $338.82. The stock has a market cap of $328.04 billion, a PE ratio of 23.01, a PEG ratio of 3.69 and a beta of 0.95. The Home Depot, Inc. has a fifty-two week low of $289.10 and a fifty-two week high of $426.75. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.31 and a current ratio of 1.08.
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, 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 during the quarter, compared to analysts’ expectations of $47.24 billion. During the same period in the prior year, the company earned $4.68 EPS. Home Depot’s 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, equities analysts expect that The Home Depot, Inc. will post 14.99 EPS for the current fiscal year.
Home Depot Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd will be given a $2.33 dividend. The ex-dividend date is Thursday, September 3rd. This represents a $9.32 annualized dividend and a yield of 2.8%. Home Depot’s dividend payout ratio (DPR) is currently 65.22%.
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.
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