32,100 Shares in The Home Depot, Inc. $HD Acquired by Alberta Investment Management Corp

Alberta Investment Management Corp purchased a new stake in The Home Depot, Inc. (NYSE:HD - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 32,100 shares of the home improvement retailer's stock, valued at approximately $11,321,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Gator Capital Management LLC bought a new position in Home Depot in the fourth quarter valued at approximately $3,693,000. King Luther Capital Management Corp boosted its holdings in shares of Home Depot by 0.6% in the fourth quarter. King Luther Capital Management Corp now owns 1,240,478 shares of the home improvement retailer's stock valued at $426,848,000 after buying an additional 7,180 shares during the period. Thompson Siegel & Walmsley LLC boosted its holdings in shares of Home Depot by 320.4% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 11,292 shares of the home improvement retailer's stock valued at $3,886,000 after buying an additional 8,606 shares during the period. Capital International Inc. CA increased its position in shares of Home Depot by 4.3% during the fourth quarter. Capital International Inc. CA now owns 150,368 shares of the home improvement retailer's stock worth $51,742,000 after acquiring an additional 6,187 shares in the last quarter. Finally, Sarasin & Partners LLP increased its position in shares of Home Depot by 4.0% during the second quarter. Sarasin & Partners LLP now owns 687,219 shares of the home improvement retailer's stock worth $242,368,000 after acquiring an additional 26,357 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors.

Home Depot Stock Performance

Shares of NYSE:HD opened at $336.04 on Friday. The company's 50 day moving average price is $340.86 and its two-hundred day moving average price is $340.46. The Home Depot, Inc. has a 12-month low of $289.10 and a 12-month high of $426.75. The firm has a market cap of $335.07 billion, a PE ratio of 23.52, a PEG ratio of 3.70 and a beta of 0.95. The company has a quick ratio of 0.28, a current ratio of 1.08 and a debt-to-equity ratio of 2.64.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly 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 company had revenue of $47.86 billion during 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 firm's quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Equities research analysts predict that The Home Depot, Inc. will post 14.99 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd will be paid a $2.33 dividend. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $9.32 annualized dividend and a dividend yield of 2.8%. Home Depot's dividend payout ratio is presently 65.22%.

Home Depot News Roundup

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

• Positive Sentiment: Home Depot’s latest quarter showed solid execution: earnings and revenue exceeded consensus estimates, while sales increased year over year. Bank of America characterized the results as resilient despite a difficult housing backdrop. Home Depot Q2 results analysis
• Positive Sentiment: The board declared a quarterly dividend of $2.33 per share, payable September 17 to shareholders of record September 3. The annualized payout implies a yield of approximately 2.8%, supporting the stock’s income appeal. Home Depot declares quarterly dividend
• Positive Sentiment: DA Davidson, Argus and Guggenheim reiterated or assigned “Buy” ratings, indicating continued confidence in Home Depot’s long-term positioning. The company is also expanding nationwide express delivery to make smaller projects more convenient for cautious consumers. DA Davidson buy rating Home Depot expands express delivery
• Neutral Sentiment: Royal Bank of Canada lowered its price target to $342, while KeyCorp maintained a Sector Weight rating. The mixed recommendations suggest limited near-term upside despite the earnings beat. RBC lowers Home Depot price target
• Neutral Sentiment: Home Depot expanded executive responsibilities and awarded restricted stock, changes intended to support leadership continuity but with no immediate earnings impact. Home Depot executive changes
• Negative Sentiment: Reports highlight margin pressure and an uphill sales environment as customers delay or reduce spending on major renovations. This could constrain comparable sales and profitability even after the recent quarterly beat. Home Depot margin pressure Home Depot customer spending concerns
• Negative Sentiment: CFO Richard McPhail sold 5,989 shares worth approximately $2.1 million, reducing his position by 11.1%. While insider sales do not necessarily signal deteriorating fundamentals, the transaction may weigh modestly on sentiment. Home Depot CFO stock sale

Insider Activity

In other news, CFO Richard V. Mcphail sold 5,989 shares of the company's stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $348.40, for a total value of $2,086,567.60. Following the sale, the chief financial officer directly owned 48,104 shares of the company's stock, valued at approximately $16,759,433.60. This represents a 11.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.08% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Jefferies Financial Group reissued a "buy" rating and issued a $398.00 price target on shares of Home Depot in a research note on Tuesday. Sanford C. Bernstein reaffirmed a "market perform" rating and set a $354.00 price objective on shares of Home Depot in a research report on Wednesday. Wall Street Zen upgraded Home Depot from a "sell" rating to a "hold" rating in a report on Tuesday, June 2nd. The Goldman Sachs Group dropped their target price on Home Depot from $409.00 to $390.00 and set a "buy" rating on the stock in a research report on Wednesday, May 20th. Finally, DA Davidson restated a "buy" rating and issued a $377.00 target price on shares of Home Depot in a research note on Wednesday. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Home Depot has an average rating of "Moderate Buy" and an average target price of $375.54.

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.

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