The Home Depot, Inc. $HD Position Cut by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company trimmed its position in shares of The Home Depot, Inc. (NYSE:HD) by 4.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 692,349 shares of the home improvement retailer’s stock after selling 29,759 shares during the period. The Manufacturers Life Insurance Company’s holdings in Home Depot were worth $244,178,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Bank of Nova Scotia bought a new position in Home Depot in the second quarter valued at approximately $118,723,000. Gator Capital Management LLC bought a new stake in shares of Home Depot during the 4th quarter valued at $3,693,000. AFT Forsyth & Company Inc. acquired a new position in shares of Home Depot in the 2nd quarter valued at $1,896,000. Field & Main Bank bought a new position in shares of Home Depot in the 2nd quarter worth $6,286,000. Finally, King Luther Capital Management Corp boosted its holdings in Home Depot by 0.6% during the fourth quarter. King Luther Capital Management Corp now owns 1,240,478 shares of the home improvement retailer’s stock worth $426,848,000 after buying an additional 7,180 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Key Home Depot News

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

• Positive Sentiment: Home Depot continues to benefit from momentum among professional customers, digital sales growth and faster fulfillment, which could support market-share gains and future growth despite a challenging housing environment. Home Depot Drops 12.4% in a Month: Time to Buy or Stay Cautious?
• Positive Sentiment: Home Depot is highlighted as a company with a durable record of dividend increases, potentially making the stock more attractive to income-focused investors during a cyclical downturn. 5 Stocks That Keep Raising Their Dividend Regardless Of The Market
• Neutral Sentiment: A quantitative signal has emerged that may interest contrarian options traders, although it does not change the company’s underlying operating outlook. A Rare Quant Signal Just Flashed for Contrarian Options Traders in Home Depot Stock
• Negative Sentiment: The key concern is that sales growth appears to be coming from larger customer baskets rather than more shopping visits. Continued reductions in traffic could make growth harder to sustain, particularly while the housing market remains effectively frozen. What Happens To Home Depot Stock If Shoppers Keep Visiting Less?
• Negative Sentiment: Analysts continue to cite housing weakness and cost pressures as risks. Sanford C. Bernstein lowered its price target from $354 to $344 and maintained a “market perform” rating, signaling limited near-term conviction.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Morgan Stanley reduced their target price on Home Depot from $420.00 to $400.00 and set an “overweight” rating on the stock in a report on Wednesday, May 20th. UBS Group decreased their price objective on Home Depot from $430.00 to $420.00 and set a “buy” rating for the company in a research report on Wednesday, August 19th. Robert W. Baird lowered their target price on Home Depot from $430.00 to $380.00 and set an “outperform” rating for the company in a research note on Wednesday, May 20th. Guggenheim restated a “buy” rating and set a $425.00 target price on shares of Home Depot in a report on Wednesday, August 19th. Finally, Weiss Ratings raised shares of Home Depot from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 7th. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $375.18.

Insider Buying and Selling at Home Depot

In other news, CFO Richard V. Mcphail sold 5,989 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $348.40, for a total transaction of $2,086,567.60. Following the completion of the sale, the chief financial officer owned 48,104 shares of the company’s stock, valued at approximately $16,759,433.60. This represents a 11.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Teresa Roseborough sold 2,455 shares of the stock in a transaction that occurred 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 in the company, valued at $4,622,834.97. This represents a 14.86% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 9,154 shares of company stock valued at $3,132,798 in the last ninety days. 0.08% of the stock is currently owned by company insiders.

Home Depot Stock Down 1.6%

Home Depot stock opened at $305.58 on Friday. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.08 and a quick ratio of 0.31. The company’s 50-day moving average is $336.12 and its 200-day moving average is $334.07. The firm has a market capitalization of $304.87 billion, a PE ratio of 21.38, a P/E/G ratio of 3.42 and a beta of 0.95. The Home Depot, Inc. has a fifty-two week low of $289.10 and a fifty-two week 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, beating the consensus estimate 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 company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Sell-side analysts anticipate 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. Shareholders of record on Thursday, September 3rd will be paid a dividend of $2.33 per share. This represents a $9.32 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Thursday, September 3rd. Home Depot’s dividend payout ratio is presently 65.22%.

About Home Depot

The Home Depot, Inc is a home improvement retailer that sells building materials, appliances, decor, hardware, tools, paint, lawn and garden products, and related merchandise. The company serves do-it-yourself customers, professional contractors, homebuilders, and other commercial customers through its retail stores and digital platforms.

Home Depot also provides services such as equipment and tool rental, delivery, installation, and project support. Its professional-focused offerings include job-lot quantities, specialized products, credit services, and account support designed for contractors and other trade customers.

Founded in 1978 by Bernie Marcus, Arthur Blank, Ken Langone, and Pat Farrah, the company is headquartered in Atlanta, Georgia.