Perennial Investment Advisors LLC Makes New $1.23 Million Investment in The Home Depot, Inc. $HD

Perennial Investment Advisors LLC acquired a new stake in The Home Depot, Inc. (NYSE:HD) during the second quarter, according to its most recent filing with the SEC. The firm acquired 3,478 shares of the home improvement retailer’s stock, valued at approximately $1,226,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. acquired a new position in Home Depot during the 2nd quarter valued at about $28,771,247,000. Bank of America Corp DE bought a new position in shares of Home Depot in the 2nd quarter valued at about $5,780,468,000. Norges Bank acquired a new stake in shares of Home Depot during the 4th quarter worth approximately $4,850,329,000. Bank of New York Mellon Corp acquired a new stake in shares of Home Depot during the 2nd quarter worth approximately $2,777,396,000. Finally, Legal & General Group Plc acquired a new stake in shares of Home Depot during the 2nd quarter worth approximately $1,953,883,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

Shares of NYSE:HD opened at $319.70 on Wednesday. The firm’s 50 day simple moving average is $340.90 and its 200 day simple moving average is $337.53. 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 market capitalization of $318.96 billion, a price-to-earnings ratio of 22.37, a P/E/G ratio of 3.61 and a beta of 0.96. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.08 and a quick ratio of 0.31.

Home Depot (NYSE:HD) last issued its quarterly earnings data 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 net margin of 8.41% and a return on equity of 106.42%. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.68 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, sell-side analysts forecast that The Home Depot, Inc. will post 15 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently disclosed 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 is Thursday, September 3rd. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.9%. Home Depot’s dividend payout ratio is currently 65.22%.

Wall Street Analysts Forecast Growth

HD has been the topic of several analyst reports. DA Davidson restated a “buy” rating and issued a $377.00 price objective on shares of Home Depot in a report on Wednesday, August 19th. Truist Financial upped their target price on shares of Home Depot from $369.00 to $373.00 and gave the company a “buy” rating in a research report on Wednesday, August 19th. Wall Street Zen upgraded shares of Home Depot from a “sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. JPMorgan Chase & Co. cut their price target on Home Depot from $423.00 to $396.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 20th. Finally, TD Cowen restated a “buy” rating on shares of Home Depot in a research report on Monday, August 10th. Eighteen 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 currently has a consensus rating of “Moderate Buy” and a consensus price target of $375.54.

More Home Depot News

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

• Positive Sentiment: Home Depot is expanding its AI-powered Magic Apron tools across all U.S. stores. The technology provides localized product searches and project assistance, potentially improving customer engagement and supporting the company’s “Pro” growth strategy. Some analysis estimates the stock could be roughly 15% undervalued if that growth narrative gains traction. Home Depot Could Be 15% Undervalued On Its Pro Growth Narrative
• Positive Sentiment: The retailer’s latest quarterly results exceeded expectations, with earnings of $4.92 per share versus the $4.73 consensus and revenue of $47.86 billion, up 5.7% year over year. Analysts maintain a “Moderate Buy” consensus rating and an average price target above the current trading level.
• Positive Sentiment: Home Depot is scheduled to pay a quarterly dividend of $2.33 per share on September 17 to shareholders of record on September 3. The annualized dividend is $9.32, representing a yield of approximately 2.8%.
• Neutral Sentiment: Chief Financial Officer Richard McPhail and merchandising executive Billy Bastek will present at the Goldman Sachs Global Consumer and Retail Conference on September 15. Investors may look for updated commentary on demand, housing trends, and the professional business. The Home Depot to Present at the Goldman Sachs Global Consumer and Retail Conference
• Negative Sentiment: High mortgage rates continue to discourage homeowners from moving, with the probability of changing residences reaching a record-low 13.5%. Home Depot reportedly sees “no sign” of a housing-market turnaround, which weighs on renovation and big-ticket project demand. Americans Stop Moving as Mortgage Lock-In Persists
• Negative Sentiment: DIY demand remains weak as consumers defer larger home-improvement projects. Digital sales, broader category gains, and higher big-ticket sales provide some offset, but continued consumer caution is a near-term concern. Home Depot Faces Weak DIY Demand
• Negative Sentiment: Executive Vice President Teresa Wynn Roseborough sold 2,455 shares valued at approximately $807,000, reducing her direct ownership by 14.86%. While a single insider sale does not establish a trend, it may add modest pressure to investor sentiment. Teresa Wynn Roseborough Sells Shares of Home Depot

Insider Buying and Selling

In related news, EVP Teresa Wynn Roseborough sold 2,455 shares of the firm’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $328.77, for a total transaction of $807,130.35. Following the sale, the executive vice president owned 14,061 shares of the company’s stock, valued at approximately $4,622,834.97. This trade represents a 14.86% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 value of $239,099.60. Following the transaction, the executive vice president owned 6,838 shares in the company, valued at approximately $2,302,764.88. This represents a 9.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 9,154 shares of company stock valued at $3,132,798. 0.08% of the stock is owned by company insiders.

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.