3,490 Shares in The Home Depot, Inc. $HD Bought by West Family Investments Inc.

Key Points

• West Family Investments bought 3,490 Home Depot shares worth approximately $1.23 million during the second quarter. Institutional investors collectively own 70.86% of the company.
• Home Depot exceeded quarterly expectations, reporting $4.92 adjusted EPS and $47.86 billion in revenue, up 5.7% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $375.54.
• The company declared a quarterly dividend of $2.33 per share, equivalent to $9.32 annually and a 2.8% yield. CFO Richard McPhail separately sold 5,989 shares at an average price of $348.40.

West Family Investments Inc. bought 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 (SEC). The institutional investor bought 3,490 shares of the home improvement retailer's stock, valued at approximately $1,231,000.

A number of other large investors have also added to or reduced their stakes in HD. Advocate Investing Services LLC purchased a new position in shares of Home Depot during the 4th quarter valued at about $25,000. Zeit Capital LLC purchased a new stake in Home Depot in the second quarter worth approximately $26,000. Parvin Asset Management LLC boosted its stake in Home Depot by 110.0% in the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer's stock worth $26,000 after buying an additional 33 shares in the last quarter. Cache Advisors LLC bought a new position in Home Depot during the first quarter valued at approximately $27,000. Finally, Merkkuri Wealth Advisors LLC bought a new position in Home Depot during the first quarter valued at approximately $28,000. Hedge funds and other institutional investors own 70.86% of the company's stock.

Insider Activity

In other news, CFO Richard V. Mcphail sold 5,989 shares of the company's stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $348.40, for a total transaction of $2,086,567.60. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.08% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on HD shares. Guggenheim restated a "buy" rating and issued a $425.00 price objective on shares of Home Depot in a report on Wednesday, August 19th. Robert W. Baird reduced their target price on shares of Home Depot from $430.00 to $380.00 and set an "outperform" rating on the stock in a report on Wednesday, May 20th. Jefferies Financial Group reiterated a "buy" rating and issued a $398.00 target price on shares of Home Depot in a research report on Tuesday, August 18th. Weiss Ratings upgraded shares of Home Depot from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, July 7th. Finally, DA Davidson reissued a "buy" rating and issued a $377.00 price target on shares of Home Depot in a research note on Wednesday, August 19th. Eighteen 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. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $375.54.

Home Depot Stock Performance

Shares of HD stock opened at $334.97 on Thursday. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.31 and a current ratio of 1.08. The Home Depot, Inc. has a fifty-two week low of $289.10 and a fifty-two week high of $426.75. The stock has a 50 day moving average price of $341.18 and a two-hundred day moving average price of $339.21. The company has a market capitalization of $334.01 billion, a P/E ratio of 23.44, a PEG ratio of 3.72 and a beta of 0.95.

Home Depot (NYSE:HD - Get Free Report) last issued its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.73 by $0.19. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. The firm had revenue of $47.86 billion for the quarter, compared to analysts' expectations of $47.24 billion. During the same quarter last year, the business earned $4.68 earnings per share. The business's revenue was up 5.7% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Analysts expect that The Home Depot, Inc. will post 14.99 earnings per share for the current year.

Home Depot Announces Dividend

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

Key Stories Impacting Home Depot

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

• Positive Sentiment: Home Depot reported fiscal second-quarter revenue of $47.86 billion, up 5.7% year over year and ahead of consensus estimates. Adjusted diluted EPS of $4.92 also exceeded the $4.73 analyst expectation. Home Depot Beat Q2 Estimates
• Positive Sentiment: A nationwide three-hour delivery service could help HD compete with Walmart and Target for e-commerce orders, improve convenience and support sales of home-improvement products. Home Depot Three-Hour Delivery
• Positive Sentiment: Analysts and investor-focused commentary continue to highlight Home Depot’s 17-year dividend growth streak and long-term shareholder returns, offering support while investors wait for housing conditions to improve. Home Depot Dividend Streak

Home Depot 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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