LM Advisors LLC Makes New $1.02 Million Investment in The Home Depot, Inc. $HD

LM Advisors LLC purchased a new position in shares of The Home Depot, Inc. (NYSE:HD) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,885 shares of the home improvement retailer’s stock, valued at approximately $1,017,000.

Several other institutional investors have also modified their holdings of HD. BlackRock Inc. bought a new stake in Home Depot during the 2nd quarter worth approximately $28,771,247,000. State Street Corp lifted its stake in Home Depot by 1.8% in the fourth quarter. State Street Corp now owns 46,925,342 shares of the home improvement retailer’s stock valued at $16,147,010,000 after buying an additional 825,164 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Home Depot by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 23,756,142 shares of the home improvement retailer’s stock valued at $8,151,344,000 after buying an additional 343,153 shares during the period. Bank of America Corp DE boosted its holdings in shares of Home Depot by 1.6% in the first quarter. Bank of America Corp DE now owns 16,314,357 shares of the home improvement retailer’s stock valued at $5,365,629,000 after buying an additional 250,825 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Home Depot by 7.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 15,471,132 shares of the home improvement retailer’s stock worth $5,323,620,000 after acquiring an additional 1,113,114 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on HD. Wall Street Zen upgraded shares of Home Depot from a “sell” rating to a “hold” rating in a report on Tuesday, June 2nd. Citigroup lowered their target price on Home Depot from $450.00 to $400.00 and set a “buy” rating for the company in a report on Tuesday, May 12th. The Goldman Sachs Group dropped their price target on Home Depot from $409.00 to $390.00 and set a “buy” rating on the stock in a research note on Wednesday, May 20th. Royal Bank Of Canada cut their price target on Home Depot from $343.00 to $342.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 19th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Home Depot in a research report on Monday, August 10th. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $375.54.

Insider Activity

In other Home Depot news, CFO Richard V. Mcphail sold 5,989 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer directly owned 48,104 shares in the company, valued at $16,759,433.60. This trade represents a 11.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Michael F. Rowe sold 710 shares of the business’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $336.76, for a total value of $239,099.60. Following the transaction, the executive vice president directly owned 6,838 shares in the company, valued at $2,302,764.88. This trade represents a 9.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.08% 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

Home Depot Stock Performance

Shares of HD stock opened at $329.80 on Friday. The Home Depot, Inc. has a 12 month low of $289.10 and a 12 month high of $426.75. The company’s fifty day simple moving average is $340.97 and its 200-day simple moving average is $338.75. The firm has a market cap of $329.04 billion, a PE ratio of 23.08, a P/E/G ratio of 3.64 and a beta of 0.95. The company has a quick ratio of 0.31, a current ratio of 1.08 and a debt-to-equity ratio of 2.64.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.73 by $0.19. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. The firm had revenue of $47.86 billion for the quarter, compared to analyst estimates of $47.24 billion. During the same period in the previous year, the business earned $4.68 EPS. The company’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. Equities research analysts expect that The Home Depot, Inc. will post 15 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Thursday, September 3rd will be given a $2.33 dividend. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.8%. Home Depot’s payout ratio is currently 65.22%.

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.