Home Depot sees hedge fund interest despite mixed sentiment
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 14 2026
0mins
Source: NASDAQ.COM
Home Depot Inc (HD) shares rose 3.01% and reached a 20-day high, reflecting positive market conditions.
Recent 13F filings revealed that 42 hedge funds reported holding HD, with 19 funds increasing their positions while 18 decreased theirs, indicating a divergence in sentiment. Notably, USA Financial Formulas exited its position, suggesting cautious outlooks that may influence investor confidence.
The mixed sentiment among hedge funds could lead to volatility in HD's stock price, as the market continues to react to broader economic conditions.
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Analyst Views on HD
Wall Street analysts forecast HD stock price to rise
23 Analyst Rating
17 Buy
5 Hold
1 Sell
Moderate Buy
Current: 345.210
Low
320.00
Averages
401.47
High
441.00
Current: 345.210
Low
320.00
Averages
401.47
High
441.00
About HD
The Home Depot, Inc. is a home improvement retailer. The Company is engaged in retail operations and sells an assortment of home improvement products, building materials, lawn and garden products, decor products, and facilities maintenance, repair, and operations (MRO) products, in stores and online. It also provides a number of services, including home improvement installation services, and tool and equipment rental. It operates four lines of business: roofing and building products; interior and construction products; landscape, and pool. It operates a total of 2,361 retail stores and over 1,280 SRS locations across all 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. Its store averages 105,000 square feet of indoor retail space, interconnected with an e-commerce business that offers products for the do-it-yourself (DIY) customer, professional contractors, and the installation business for the Do-It-For-Me customer.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Home Depot Stock Declines Amid Analyst Optimism Ahead of Earnings
- Stock Performance: Home Depot (HD) fell 2.61% to $336.21 in the latest session, underperforming the S&P 500's daily loss of 0.28%, indicating market caution regarding its short-term outlook.
- Monthly Gains: Despite the recent decline, Home Depot's stock has risen 7.43% over the past month, outperforming the Retail-Wholesale sector's gain of 0.18% and the S&P 500's 1.64% increase, showcasing its relative strength in the industry.
- Earnings Expectations: The company is set to release its earnings on August 18, 2026, with projected EPS of $4.71, reflecting a 0.64% increase year-over-year, and quarterly revenue expected at $47.5 billion, up 4.92%, highlighting market focus on its profitability.
- Analyst Ratings: Currently rated #4 (Sell) by Zacks, Home Depot has seen no recent changes in EPS estimates, yet the analysts' optimism regarding short-term business trends could influence investor confidence, especially given its industry ranking in the bottom 24%.
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- Economic Data: US MBA mortgage applications fell by 2.2% for the week ending July 3, with the purchase mortgage sub-index down 0.6% and the refinancing sub-index down 4.1%, reflecting the negative impact of high rates on housing demand.
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- Tax-Free Product Expansion: Home Depot announces an expansion of its collaboration with military exchange stores to offer over 20,000 tax-free home improvement products delivered directly to military postal addresses, significantly enhancing shopping convenience for service members and their families.
- Service Coverage: The program will serve over 750 military bases abroad across more than 80 countries, ensuring that deployed service members and their families can easily access essential home improvement products, thereby strengthening Home Depot's influence within the military community.
- Online Shopping Platforms: Eligible service members and their families can access the program through AAFES and NEXCOM's online shopping platforms, further broadening Home Depot's customer base and enhancing brand loyalty among military families.
- Strategic Implications: This expansion not only reflects Home Depot's long-standing support for military personnel and their families but also enhances the company's competitiveness in the home improvement market by meeting their needs, which is expected to drive future sales growth.
See More
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- Oil Price Surge: With escalating tensions in the Strait of Hormuz, Brent crude prices surpassed $78 per barrel, driving a 4.4% increase in the United States Oil Fund, indicating heightened market concerns over energy supply that could lead to upward revisions in related companies' earnings forecasts.
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- Decline of Safe Havens: Amid geopolitical turmoil, gold and Bitcoin prices fell by 1.75% and 3%, respectively, indicating a shift in investor preference towards cash rather than traditional safe-haven assets, which could affect future investment strategies and market liquidity.
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- Mortgage Applications Decline: US MBA mortgage applications fell by 2.2% in the week ending July 3, with the purchase mortgage sub-index down 0.6% and the refinancing sub-index down 4.1%, indicating that high interest rates are negatively impacting housing demand and could further suppress the recovery in the real estate market.
- Optimistic Earnings Outlook: Bloomberg Intelligence forecasts a 23% increase in corporate earnings for Q2, close to the 30% growth seen in Q1, indicating that AI infrastructure stocks are expected to contribute nearly 60% of the S&P 500's earnings-per-share growth, suggesting a positive long-term outlook despite short-term market volatility.
See More
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- Market Reaction: Following President Trump's statement that the ceasefire with Iran is effectively over, stocks fell, with West Texas Intermediate crude rising 7% to over $75 per barrel, negatively impacting airlines and consumer stocks, as Boeing dropped 3.5% and Home Depot slid 3%.
- Broadcom Partnership Expansion: Apple detailed its expanding partnership with Broadcom in a multiyear agreement expected to exceed $30 billion, resulting in over 15 billion U.S.-made chips and supporting hundreds of U.S. manufacturing jobs, leading to a 3.5% increase in Broadcom's stock price.
- Wells Fargo Upgrade: Wells Fargo upgraded Old Dominion Freight Line, citing the recent pullback in less-than-truckload shipping stocks as an attractive entry point, which Jim Cramer viewed positively for FedEx Freight, despite its 25% decline since June 9.
- Rapid Fire Recap: Jim highlighted stocks such as Estee Lauder, Dollar Tree, Wynn Resorts, and HCA Holdings at the end of the video, urging investors to remain vigilant and not lose gains due to market volatility.
See More
Home Depot Stock Declines Amid Analyst Optimism Ahead of Earnings
- Stock Performance: Home Depot (HD) fell 2.61% to $336.21 in the latest session, underperforming the S&P 500's daily loss of 0.28%, indicating market caution regarding its short-term outlook.
- Monthly Gains: Despite the recent decline, Home Depot's stock has risen 7.43% over the past month, outperforming the Retail-Wholesale sector's gain of 0.18% and the S&P 500's 1.64% increase, showcasing its relative strength in the industry.
- Earnings Expectations: The company is set to release its earnings on August 18, 2026, with projected EPS of $4.71, reflecting a 0.64% increase year-over-year, and quarterly revenue expected at $47.5 billion, up 4.92%, highlighting market focus on its profitability.
- Analyst Ratings: Currently rated #4 (Sell) by Zacks, Home Depot has seen no recent changes in EPS estimates, yet the analysts' optimism regarding short-term business trends could influence investor confidence, especially given its industry ranking in the bottom 24%.
See More
Mixed Close for US Stocks: Nasdaq Recovers Slightly
- Market Volatility: On Wednesday, the S&P 500 Index fell by 0.28%, the Dow Jones Industrial Average dropped by 1.09%, while the Nasdaq 100 Index rose by 0.27%, indicating mixed market performance under pressure from rising oil prices and bond yields.
- Surge in Oil Prices: Following President Trump's declaration that the ceasefire with Iran is over, WTI crude oil prices surged over 4% to a two-week high, boosting inflation expectations and pushing the 10-year Treasury yield to a 1.5-month high of 4.59%.
- Economic Data: US MBA mortgage applications fell by 2.2% for the week ending July 3, with the purchase mortgage sub-index down 0.6% and the refinancing sub-index down 4.1%, reflecting the negative impact of high rates on housing demand.
- Earnings Outlook: Bloomberg Intelligence forecasts a 23% increase in corporate earnings for Q2, close to Q1's 30% growth, with AI infrastructure stocks expected to contribute nearly 60% of S&P 500 earnings growth, highlighting strong potential in technology investments.
See More
Home Depot Expands Tax-Free Product Delivery to Military Bases Abroad
- Tax-Free Product Expansion: Home Depot announces an expansion of its collaboration with military exchange stores to offer over 20,000 tax-free home improvement products delivered directly to military postal addresses, significantly enhancing shopping convenience for service members and their families.
- Service Coverage: The program will serve over 750 military bases abroad across more than 80 countries, ensuring that deployed service members and their families can easily access essential home improvement products, thereby strengthening Home Depot's influence within the military community.
- Online Shopping Platforms: Eligible service members and their families can access the program through AAFES and NEXCOM's online shopping platforms, further broadening Home Depot's customer base and enhancing brand loyalty among military families.
- Strategic Implications: This expansion not only reflects Home Depot's long-standing support for military personnel and their families but also enhances the company's competitiveness in the home improvement market by meeting their needs, which is expected to drive future sales growth.
See More
Market Concerns Rise Over Escalating Iran Situation
- Market Reaction: Following President Trump's declaration of the ceasefire's end at a NATO summit, the Dow Jones Industrial Average fell 1.4%, reflecting investor concerns over geopolitical tensions and shifting market sentiment towards caution, which may impact short-term investment decisions.
- Oil Price Surge: With escalating tensions in the Strait of Hormuz, Brent crude prices surpassed $78 per barrel, driving a 4.4% increase in the United States Oil Fund, indicating heightened market concerns over energy supply that could lead to upward revisions in related companies' earnings forecasts.
- Divergence in Tech Stocks: Despite the overall market decline, the semiconductor ETF rose by 1%, suggesting a recovery in investor confidence in tech stocks, with Broadcom gaining 3.7%, potentially indicating resilience and future growth prospects within the technology sector.
- Decline of Safe Havens: Amid geopolitical turmoil, gold and Bitcoin prices fell by 1.75% and 3%, respectively, indicating a shift in investor preference towards cash rather than traditional safe-haven assets, which could affect future investment strategies and market liquidity.
See More
US Stocks Decline as Oil Prices Surge
- Market Decline: The S&P 500 index fell by 0.79%, the Dow Jones Industrial Average dropped by 1.44%, and the Nasdaq 100 index decreased by 0.61%, reflecting heightened investor caution following President Trump's declaration that the ceasefire with Iran is over, prompting a flight to safety.
- Surge in Oil Prices: WTI crude oil prices surged over 7% to a two-week high as the US launched strikes against Iran, raising concerns about potential disruptions to energy supplies and pushing inflation expectations higher, which in turn lifted the 10-year Treasury note yield to a 1.5-month high of 4.59%.
- Mortgage Applications Decline: US MBA mortgage applications fell by 2.2% in the week ending July 3, with the purchase mortgage sub-index down 0.6% and the refinancing sub-index down 4.1%, indicating that high interest rates are negatively impacting housing demand and could further suppress the recovery in the real estate market.
- Optimistic Earnings Outlook: Bloomberg Intelligence forecasts a 23% increase in corporate earnings for Q2, close to the 30% growth seen in Q1, indicating that AI infrastructure stocks are expected to contribute nearly 60% of the S&P 500's earnings-per-share growth, suggesting a positive long-term outlook despite short-term market volatility.
See More
Stocks Decline Following Trump's Ceasefire Comments
- Market Reaction: Following President Trump's statement that the ceasefire with Iran is effectively over, stocks fell, with West Texas Intermediate crude rising 7% to over $75 per barrel, negatively impacting airlines and consumer stocks, as Boeing dropped 3.5% and Home Depot slid 3%.
- Broadcom Partnership Expansion: Apple detailed its expanding partnership with Broadcom in a multiyear agreement expected to exceed $30 billion, resulting in over 15 billion U.S.-made chips and supporting hundreds of U.S. manufacturing jobs, leading to a 3.5% increase in Broadcom's stock price.
- Wells Fargo Upgrade: Wells Fargo upgraded Old Dominion Freight Line, citing the recent pullback in less-than-truckload shipping stocks as an attractive entry point, which Jim Cramer viewed positively for FedEx Freight, despite its 25% decline since June 9.
- Rapid Fire Recap: Jim highlighted stocks such as Estee Lauder, Dollar Tree, Wynn Resorts, and HCA Holdings at the end of the video, urging investors to remain vigilant and not lose gains due to market volatility.
See More
