Saratoga Research & Investment Management Sells 3,930 Shares of The Home Depot, Inc. $HD

Saratoga Research & Investment Management lessened its position in The Home Depot, Inc. (NYSE:HD) by 4.4% during the 2nd quarter, Holdings Channel reports. The firm owned 84,878 shares of the home improvement retailer’s stock after selling 3,930 shares during the quarter. Home Depot makes up about 1.6% of Saratoga Research & Investment Management’s investment portfolio, making the stock its 19th biggest position. Saratoga Research & Investment Management’s holdings in Home Depot were worth $29,935,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Parvin Asset Management LLC boosted its position in Home Depot by 110.0% in the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock valued at $26,000 after buying an additional 33 shares in the last quarter. Advocate Investing Services LLC acquired a new stake in shares of Home Depot during the fourth quarter worth approximately $25,000. Cache Advisors LLC acquired a new stake in shares of Home Depot during the first quarter worth approximately $27,000. Imprint Wealth LLC bought a new position in shares of Home Depot in the third quarter valued at approximately $34,000. Finally, Abound Financial LLC bought a new position in shares of Home Depot in the fourth quarter valued at approximately $29,000. Institutional investors own 70.86% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on HD shares. Citigroup decreased their price target on Home Depot from $450.00 to $400.00 and set a “buy” rating on the stock in a research report on Tuesday, May 12th. Bank of America initiated coverage on Home Depot in a research report on Tuesday, May 5th. They issued a “buy” rating and a $374.00 price objective for the company. Sanford C. Bernstein set a $344.00 price objective on Home Depot in a research note on Wednesday, August 12th. The Goldman Sachs Group decreased their target price on Home Depot from $409.00 to $390.00 and set a “buy” rating on the stock in a report on Wednesday, May 20th. Finally, Oppenheimer lowered their target price on Home Depot from $405.00 to $310.00 and set a “market perform” rating for the company in a research note on Monday, May 18th. Eighteen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and a consensus target price of $375.25.

Home Depot Price Performance

Home Depot stock opened at $338.10 on Wednesday. The business’s 50-day simple moving average is $340.08 and its 200 day simple moving average is $340.97. 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 cap of $337.12 billion, a price-to-earnings ratio of 24.01, a P/E/G ratio of 4.08 and a beta of 0.95. The Home Depot, Inc. has a 12-month low of $289.10 and a 12-month high of $426.75.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share for the quarter, topping the consensus estimate of $4.73 by $0.19. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The firm had revenue of $47.86 billion during the quarter, compared to analysts’ expectations of $47.24 billion. During the same period in the previous year, the business posted $4.68 EPS. The company’s quarterly 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. As a group, research analysts anticipate that The Home Depot, Inc. will post 14.99 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were paid a dividend of $2.33 per share. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Thursday, June 4th. Home Depot’s payout ratio is 66.19%.

Key Stories Impacting Home Depot

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

• Positive Sentiment: Home Depot reported fiscal Q2 adjusted EPS of $4.92, above the $4.73 consensus estimate, while revenue rose 5.7% year over year to $47.86 billion, exceeding expectations of approximately $47.24 billion. Home Depot reaffirms guidance amid frozen housing market conditions
• Positive Sentiment: Comparable sales increased 1.7% globally and 1.3% in the U.S.—the company’s strongest comparable-sales performance since 2022—as customers continued smaller repair and maintenance projects despite high mortgage rates and housing costs. Average ticket rose 2.8%, helping offset a 1.0% decline in comparable transactions. Home Depot beats quarterly sales estimates on steady repair demand
• Positive Sentiment: The nationwide rollout of Express Delivery, using more than 2,000 U.S. stores as fulfillment hubs for delivery in three hours or less, could support online sales, customer retention and Pro-customer demand. The Home Depot expands nationwide express delivery
• Neutral Sentiment: Management reaffirmed fiscal 2026 guidance for roughly 2.5%–4.5% sales growth, flat to 2.0% comparable-sales growth and EPS of $14.690–$15.278. Maintaining the outlook provides stability, but the lack of an increase suggests a housing recovery has not yet materialized.
• Negative Sentiment: Executives described housing conditions as “frozen.” Customers are avoiding large renovations, while weak housing starts and elevated Treasury yields remain headwinds for discretionary projects and valuation. The CEO’s recently announced medical leave adds a separate near-term leadership uncertainty. Home Depot tops earnings estimates amid frozen housing market

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.