Ieq Capital LLC Takes New Position in Home Depot Amid Strong Q2 Earnings
Ieq Capital LLC has acquired a new position in shares of The Home Depot, Inc. (NYSE: HD), valued at approximately $42 million. This is according to the company's most recent disclosure with the Securities and Exchange Commission.
The institutional investor acquired 119,127 shares of Home Depot's stock in the second quarter. Several other hedge funds and other institutional investors have also recently modified their holdings of HD. Sterling Financial Planning Inc., Burnham & Co LLC, Callan Family Office LLC, Fund Advisors of America Inc FL, and Heartland Advisors Inc. are among them.
The Home Depot reported fiscal second-quarter sales of $47.86 billion, up 5.7% year over year and its strongest comparable-sales growth since 2022. Adjusted earnings of $4.92 per share exceeded the $4.73 analyst consensus, reinforcing the view that the retailer's turnaround is gaining traction.
Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, sell-side analysts forecast that The Home Depot, Inc. will post 15 EPS for the current year.