Interchange Capital Partners LLC Sells 2,557 Shares of The Home Depot, Inc. $HD

Interchange Capital Partners LLC decreased its position in shares of The Home Depot, Inc. (NYSE:HD) by 33.3% during the second quarter, Holdings Channel reports. The fund owned 5,133 shares of the home improvement retailer’s stock after selling 2,557 shares during the period. Interchange Capital Partners LLC’s holdings in Home Depot were worth $1,810,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Market Street Wealth Management Advisors LLC lifted its stake in shares of Home Depot by 64.2% in the 2nd quarter. Market Street Wealth Management Advisors LLC now owns 1,023 shares of the home improvement retailer’s stock valued at $361,000 after purchasing an additional 400 shares during the period. Owl Creek Wealth Partners LLC boosted its position in shares of Home Depot by 26.9% during the second quarter. Owl Creek Wealth Partners LLC now owns 603 shares of the home improvement retailer’s stock valued at $213,000 after purchasing an additional 128 shares in the last quarter. Merit Financial Group LLC grew its stake in Home Depot by 24.1% in the second quarter. Merit Financial Group LLC now owns 100,902 shares of the home improvement retailer’s stock worth $35,586,000 after purchasing an additional 19,584 shares during the period. Kavar Capital Partners Group LLC grew its stake in Home Depot by 0.4% in the second quarter. Kavar Capital Partners Group LLC now owns 13,762 shares of the home improvement retailer’s stock worth $4,854,000 after purchasing an additional 53 shares during the period. Finally, SlateStone Wealth LLC raised its holdings in Home Depot by 1.9% in the second quarter. SlateStone Wealth LLC now owns 37,908 shares of the home improvement retailer’s stock worth $13,369,000 after purchasing an additional 715 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

HD has been the subject of several recent research reports. Gordon Haskett raised their price objective on Home Depot from $320.00 to $330.00 in a research report on Friday, June 12th. Evercore reduced their target price on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 20th. Citigroup decreased their price target on shares of Home Depot from $450.00 to $400.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. Wells Fargo & Company lifted their price target on shares of Home Depot from $360.00 to $400.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, TD Cowen reissued a “buy” rating on shares of Home Depot in a research note on Monday. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $373.18.

Home Depot Trading Down 0.6%

Home Depot stock opened at $341.39 on Friday. The Home Depot, Inc. has a 12 month low of $289.10 and a 12 month high of $426.75. The company has a market capitalization of $340.41 billion, a price-to-earnings ratio of 24.25, a price-to-earnings-growth ratio of 4.13 and a beta of 0.95. The business’s fifty day simple moving average is $338.62 and its two-hundred day simple moving average is $341.87. The company has a current ratio of 1.04, a quick ratio of 0.28 and a debt-to-equity ratio of 3.23.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share for the quarter, beating the consensus estimate of $3.41 by $0.02. The firm had revenue of $41.77 billion during the quarter, compared to the consensus estimate of $41.59 billion. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The company’s revenue was up 4.8% on a year-over-year basis. During the same period last year, the company earned $3.56 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, equities analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were issued a $2.33 dividend. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $9.32 annualized dividend and a yield of 2.7%. Home Depot’s payout ratio is 66.19%.

Trending Headlines about Home Depot

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

• Positive Sentiment: Wells Fargo raised its price target for Home Depot (HD) to $400, indicating potential upside from current levels. Wells Fargo Raises Home Depot Price Target
• Positive Sentiment: Analysts at Zacks see a possibility that Home Depot will again exceed earnings expectations, citing its history of positive surprises and favorable earnings indicators. Estimates for the upcoming quarter call for approximately $4.73 in earnings per share and $47.24 billion in revenue. Home Depot Earnings Surprise Outlook
• Positive Sentiment: The bankruptcy filing of a smaller hardware rival could modestly benefit Home Depot by reducing competition, although the broader home-improvement market remains pressured by weak housing activity and cautious renovation spending. Hardware Rival Files for Bankruptcy
• Neutral Sentiment: Wall Street is focused on Home Depot’s second-quarter operating metrics beyond revenue and earnings, including customer traffic, comparable-store sales, margins and guidance for the remainder of fiscal 2026. Home Depot Q2 Key Metrics Preview
• Negative Sentiment: CEO, Chair and President Ted Decker is taking a temporary medical leave expected to last several months. CFO Richard McPhail and Executive Vice President Ann-Marie Campbell will oversee the company, but the timing—just days before earnings—adds leadership uncertainty and could amplify the market’s reaction to guidance. Home Depot CEO Medical Leave
• Negative Sentiment: Rising fuel costs may pressure consumers and increase transportation and operating expenses across retail, while the sluggish housing market continues to delay larger do-it-yourself and professional renovation projects. Rising Fuel Costs and Home Depot
• Negative Sentiment: Bernstein maintained a Hold rating, and some analysts argue the stock is already priced for a housing and consumer-spending recovery ahead of confirmation in the upcoming report. Bernstein Maintains Hold Rating

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.