RB Capital Management LLC Purchases Shares of 8,085 The Home Depot, Inc. $HD

RB Capital Management LLC acquired a new stake in The Home Depot, Inc. (NYSE:HD) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,085 shares of the home improvement retailer’s stock, valued at approximately $2,852,000.

A number of other hedge funds have also recently made changes to their positions in HD. Parvin Asset Management LLC lifted its holdings in Home Depot by 110.0% in the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $26,000 after purchasing an additional 33 shares in the last quarter. Zeit Capital LLC purchased a new stake in Home Depot during the 2nd quarter valued at approximately $26,000. Advocate Investing Services LLC purchased a new stake in Home Depot during the 4th quarter valued at approximately $25,000. Cache Advisors LLC purchased a new position in shares of Home Depot in the first quarter worth $27,000. Finally, Imprint Wealth LLC purchased a new position in Home Depot during the third quarter valued at $34,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Price Performance

HD stock opened at $318.63 on Thursday. The Home Depot, Inc. has a 52 week low of $289.10 and a 52 week high of $426.75. The company has a quick ratio of 0.31, a current ratio of 1.08 and a debt-to-equity ratio of 2.64. The company has a fifty day simple moving average of $340.43 and a two-hundred day simple moving average of $337.03. The firm has a market capitalization of $317.89 billion, a P/E ratio of 22.30, a price-to-earnings-growth ratio of 3.52 and a beta of 0.95.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share for the quarter, topping analysts’ consensus estimates of $4.73 by $0.19. The firm had revenue of $47.86 billion for the quarter, compared to the consensus estimate of $47.24 billion. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the firm posted $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Analysts anticipate that The Home Depot, Inc. will post 15 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business 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 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Thursday, September 3rd. Home Depot’s payout ratio is presently 65.22%.

Insiders Place Their Bets

In other Home Depot news, CFO Richard V. Mcphail sold 5,989 shares of the company’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 transaction of $2,086,567.60. Following the sale, the chief financial officer directly owned 48,104 shares in the company, valued at $16,759,433.60. This represents a 11.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Michael F. Rowe sold 710 shares of the firm’s stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $336.76, for a total value of $239,099.60. Following the completion of the sale, the executive vice president directly owned 6,838 shares of the company’s stock, valued at $2,302,764.88. The trade was a 9.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 9,154 shares of company stock valued at $3,132,798 over the last ninety days. 0.08% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Jefferies Financial Group reiterated a “buy” rating and issued a $398.00 price target on shares of Home Depot in a research note on Tuesday, August 18th. Robert W. Baird cut their price objective on Home Depot from $430.00 to $380.00 and set an “outperform” rating for the company in a research report on Wednesday, May 20th. Telsey Advisory Group reduced their target price on Home Depot from $435.00 to $410.00 and set an “outperform” rating on the stock in a report on Wednesday, May 20th. Gordon Haskett boosted their target price on Home Depot from $320.00 to $330.00 in a research report on Friday, June 12th. Finally, JPMorgan Chase & Co. dropped their price target on Home Depot from $423.00 to $396.00 and set an “overweight” rating for the company in a research note on Wednesday, May 20th. Eighteen equities research 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 MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and an average price target of $375.54.

Home Depot News Summary

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

• Positive Sentiment: Home Depot’s AI-powered Magic Apron tools are now available across U.S. stores, providing localized product search and project assistance. The technology could improve customer engagement and support the company’s professional-customer growth strategy. Home Depot Could Be 15% Undervalued On Its Pro Growth Narrative
• Positive Sentiment: Zacks Research modestly raised its fiscal 2027 EPS forecast for HD to $15.03 from $14.95, while analysts continue to project earnings growth through fiscal 2029. The company also recently exceeded quarterly EPS and revenue expectations, offering some fundamental support. Home Depot Faces Weak DIY Demand
• Positive Sentiment: A regional competitor, Earl May, reportedly plans to close roughly one-quarter of its stores. While the impact is likely limited, store closures could reduce competition in some local markets. Earl May Closing Stores

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.