Gateway Investment Advisers LLC Has $88.56 Million Stock Position in The Home Depot, Inc. $HD

Gateway Investment Advisers LLC lifted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 0.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 251,114 shares of the home improvement retailer’s stock after acquiring an additional 1,489 shares during the period. Home Depot makes up 0.9% of Gateway Investment Advisers LLC’s holdings, making the stock its 21st biggest holding. Gateway Investment Advisers LLC’s holdings in Home Depot were worth $88,563,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Parvin Asset Management LLC increased its holdings in Home Depot by 110.0% during 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. Advocate Investing Services LLC purchased a new position in shares of Home Depot during the fourth quarter valued at approximately $25,000. Key Capital Management INC bought a new stake in Home Depot during the fourth quarter worth $28,000. Cache Advisors LLC bought a new stake in Home Depot during the first quarter worth $27,000. Finally, Imprint Wealth LLC purchased a new stake in Home Depot in the 3rd quarter valued at $34,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on HD. UBS Group cut their price objective on shares of Home Depot from $450.00 to $430.00 and set a “buy” rating on the stock in a report on Wednesday, May 20th. Stifel Nicolaus cut their price target on shares of Home Depot from $375.00 to $320.00 and set a “hold” rating on the stock in a report on Monday, May 18th. JPMorgan Chase & Co. decreased their price objective on shares of Home Depot from $423.00 to $396.00 and set an “overweight” rating for the company in a research note on Wednesday, May 20th. Gordon Haskett lifted their target price on shares of Home Depot from $320.00 to $330.00 in a research report on Friday, June 12th. Finally, Robert W. Baird cut their target price on Home Depot from $430.00 to $380.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 20th. 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. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $373.18.

Home Depot Stock Down 0.6%

Home Depot stock opened at $341.39 on Friday. The Home Depot, Inc. has a twelve month low of $289.10 and a twelve month high of $426.75. The firm has a 50 day moving average price of $338.62 and a 200-day moving average price of $341.87. The company has a market capitalization of $340.41 billion, a P/E ratio of 24.25, a P/E/G ratio of 4.13 and a beta of 0.95. The company has a quick ratio of 0.28, a current ratio of 1.04 and a debt-to-equity ratio of 3.23.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 EPS for the quarter, topping analysts’ consensus estimates of $3.41 by $0.02. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The company had revenue of $41.77 billion for the quarter, compared to analysts’ expectations of $41.59 billion. During the same quarter in the previous year, the firm posted $3.56 EPS. Home Depot’s revenue was up 4.8% on a year-over-year basis. 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 EPS for the current year.

Home Depot Announces Dividend

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

Key Stories Impacting 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.