The Home Depot, Inc. $HD Shares Bought by St. Louis Financial Planners Asset Management LLC

St. Louis Financial Planners Asset Management LLC raised its stake in The Home Depot, Inc. (NYSE:HD) by 15.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,861 shares of the home improvement retailer’s stock after purchasing an additional 1,845 shares during the quarter. Home Depot accounts for 2.6% of St. Louis Financial Planners Asset Management LLC’s investment portfolio, making the stock its 9th biggest holding. St. Louis Financial Planners Asset Management LLC’s holdings in Home Depot were worth $4,961,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently modified their holdings of HD. Vanguard Group Inc. lifted its stake in shares of Home Depot by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 99,635,779 shares of the home improvement retailer’s stock worth $34,284,672,000 after acquiring an additional 1,325,748 shares during the period. State Street Corp increased its stake in shares of Home Depot by 1.8% during the fourth quarter. State Street Corp now owns 46,925,342 shares of the home improvement retailer’s stock worth $16,147,010,000 after acquiring an additional 825,164 shares during the period. Geode Capital Management LLC raised its holdings in Home Depot by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 23,756,142 shares of the home improvement retailer’s stock worth $8,151,344,000 after purchasing an additional 343,153 shares in the last quarter. Bank of America Corp DE raised its holdings in Home Depot by 1.6% during the first quarter. Bank of America Corp DE now owns 16,314,357 shares of the home improvement retailer’s stock worth $5,365,629,000 after purchasing an additional 250,825 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Home Depot by 7.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 15,471,132 shares of the home improvement retailer’s stock valued at $5,323,620,000 after purchasing an additional 1,113,114 shares during the period. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Trading Down 1.1%

Shares of HD stock opened at $349.41 on Friday. The Home Depot, Inc. has a fifty-two week low of $289.10 and a fifty-two week high of $426.75. The stock has a market cap of $348.40 billion, a P/E ratio of 24.82, a P/E/G ratio of 4.08 and a beta of 0.95. The business has a fifty day simple moving average of $334.99 and a 200-day simple moving average of $343.00. The company has a quick ratio of 0.28, a current ratio of 1.04 and a debt-to-equity ratio of 3.23.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 EPS for the quarter, topping the consensus estimate of $3.41 by $0.02. The business had revenue of $41.77 billion for the quarter, compared to analyst estimates of $41.59 billion. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.56 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were issued a $2.33 dividend. This represents a $9.32 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Thursday, June 4th. Home Depot’s dividend payout ratio is 66.19%.

More Home Depot News

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

• Positive Sentiment: Wall Street remains broadly constructive on Home Depot (HD), with the average analyst recommendation equivalent to a Buy. Analysts remain moderately optimistic despite the stock’s recent underperformance relative to the broader market. Is Home Depot a Buy as Wall Street Analysts Look Optimistic?
• Positive Sentiment: The company’s latest quarterly results provided fundamental support: Home Depot exceeded consensus estimates for both earnings and revenue, while sales increased 4.8% year over year. Management also issued fiscal 2026 earnings guidance, giving investors a framework for future performance. Why Did Home Depot Feature Amid a Firm Earnings Backdrop?
• Positive Sentiment: Home Depot is consolidating its technology teams under its new executive vice president and chief technology officer. The restructuring is intended to accelerate technology innovation, potentially improving operational efficiency, digital capabilities and customer engagement over time. Home Depot Reshuffles Leadership to Accelerate Tech Innovation
• Neutral Sentiment: Recent coverage has placed HD in focus as investors assess the broader retail backdrop and changing sentiment toward home-related spending. The articles offer context for the stock’s movement but do not identify a major change to Home Depot’s earnings outlook. Home Depot Stock Moves as Home Retail Tone Shifts
• Negative Sentiment: Investors are also focusing on a new competitive threat to Home Depot. Intensifying competition from home-improvement and big-box retailers could pressure market share, pricing and customer traffic, weighing on sentiment despite the company’s solid recent results. Home Depot Stock Slips as It Faces New Competitive Threat

Analysts Set New Price Targets

Several research firms have issued reports on HD. Robert W. Baird dropped their target price on Home Depot from $430.00 to $380.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 20th. Weiss Ratings raised Home Depot from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 7th. Telsey Advisory Group cut their price objective on Home Depot from $435.00 to $410.00 and set an “outperform” rating for the company in a research report on Wednesday, May 20th. HSBC decreased their target price on shares of Home Depot from $392.00 to $310.00 and set a “hold” rating on the stock in a research report on Wednesday, May 20th. Finally, Truist Financial cut their price target on shares of Home Depot from $394.00 to $369.00 and set a “buy” rating for the company in a report on Tuesday, May 19th. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and an average target price of $371.71.

Home Depot Company 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.