The Home Depot, Inc. $HD Shares Bought by Naples Global Advisors LLC

Naples Global Advisors LLC raised its position in shares of The Home Depot, Inc. (NYSE:HD) by 6.7% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 37,820 shares of the home improvement retailer’s stock after buying an additional 2,387 shares during the period. Home Depot makes up about 0.8% of Naples Global Advisors LLC’s portfolio, making the stock its 27th biggest holding. Naples Global Advisors LLC’s holdings in Home Depot were worth $13,338,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Advocate Investing Services LLC acquired a new position in shares of Home Depot in the fourth quarter valued at approximately $25,000. Parvin Asset Management LLC increased its holdings in Home Depot by 110.0% during the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $26,000 after purchasing an additional 33 shares during the period. Cache Advisors LLC acquired a new stake in Home Depot in the 1st quarter valued at about $27,000. Merkkuri Wealth Advisors LLC purchased a new position in shares of Home Depot in the 1st quarter valued at about $28,000. Finally, Abound Financial LLC acquired a new position in shares of Home Depot during the fourth quarter worth about $29,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

Shares of HD stock opened at $343.91 on Thursday. The stock’s 50-day moving average is $340.56 and its two-hundred day moving average is $340.77. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.28 and a current ratio of 1.08. The Home Depot, Inc. has a 1 year low of $289.10 and a 1 year high of $426.75. The firm has a market cap of $342.92 billion, a price-to-earnings ratio of 24.07, a PEG ratio of 4.06 and a beta of 0.95.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.73 by $0.19. The firm had revenue of $47.86 billion during the quarter, compared to analysts’ expectations of $47.24 billion. Home Depot had a return on equity of 106.42% and a net margin of 8.41%.The business’s revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the firm earned $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Analysts predict that The Home Depot, Inc. will post 14.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

HD has been the subject of a number of recent research reports. HSBC decreased their price target on shares of Home Depot from $392.00 to $310.00 and set a “hold” rating for the company in a research note on Wednesday, May 20th. Mizuho boosted their target price on shares of Home Depot from $385.00 to $390.00 and gave the stock an “outperform” rating in a research note on Wednesday. Sanford C. Bernstein reissued a “market perform” rating and issued a $354.00 target price on shares of Home Depot in a report on Wednesday. TD Cowen reaffirmed a “buy” rating on shares of Home Depot in a report on Monday, August 10th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $398.00 price objective on shares of Home Depot in a research report on Tuesday. Eighteen research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $375.54.

Home Depot News Roundup

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

• Positive Sentiment: Q2 beat expectations: Adjusted EPS was $4.92 versus the $4.73 consensus, while revenue rose 5.7% year over year to $47.86 billion, exceeding estimates of roughly $47.2 billion. Home Depot reaffirms guidance amid frozen housing market conditions
• Positive Sentiment: Comparable sales improved: Total comparable sales increased 1.7%, the best performance since 2022, with U.S. comps up 1.3%. Smaller repair, maintenance and DIY projects helped offset weakness in large renovations. Home Depot beats quarterly sales estimates on steady repair demand
• Positive Sentiment: Pro and digital momentum: Professional-customer demand, project activity and record online sales supported results. Nationwide Express Delivery, using more than 2,000 stores as local fulfillment hubs, could improve convenience, order frequency and customer retention. The Home Depot expands nationwide express delivery
• Positive Sentiment: Analyst support: Guggenheim, Argus and DA Davidson reaffirmed Buy ratings, with price targets ranging from $377 to $425, suggesting additional upside if the housing market recovers.

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.