3,762 Shares of The Home Depot, Inc. $HD Acquired by Washburn Capital Management Inc.

Key Points

• Washburn Capital Management acquired 3,762 Home Depot shares worth approximately $1.07 million in the third quarter, making HD 0.5% of its portfolio. Institutional investors collectively own 70.86% of the company.
• Home Depot exceeded quarterly expectations with $4.92 EPS and $47.86 billion in revenue, up 5.7% year over year. The company also maintains a $2.33 quarterly dividend, equating to a 3.0% annual yield.
• HD traded near $309.60, below its 50-day and 200-day moving averages, while analysts maintained a consensus “Moderate Buy” rating with an average price target of $375.93.

Washburn Capital Management Inc. purchased a new stake in The Home Depot, Inc. (NYSE:HD - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,762 shares of the home improvement retailer's stock, valued at approximately $1,070,000. Home Depot comprises 0.5% of Washburn Capital Management Inc.'s investment portfolio, making the stock its 28th largest position.

A number of other hedge funds have also recently bought and sold shares of HD. Zeit Capital LLC acquired a new position in shares of Home Depot in the 2nd quarter valued at approximately $26,000. Cache Advisors LLC purchased a new position in shares of Home Depot during the 1st quarter valued at approximately $27,000. Merkkuri Wealth Advisors LLC purchased a new position in shares of Home Depot during the 1st quarter valued at approximately $28,000. Osbon Capital Management LLC acquired a new stake in shares of Home Depot during the fourth quarter worth approximately $29,000. Finally, Principia Wealth Advisory LLC grew its position in shares of Home Depot by 60.4% during the second quarter. Principia Wealth Advisory LLC now owns 85 shares of the home improvement retailer's stock worth $30,000 after buying an additional 32 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company's stock.

Home Depot Stock Performance

NYSE:HD traded down $0.03 during trading hours on Monday, reaching $309.60. 1,567,716 shares of the stock were exchanged, compared to its average volume of 4,470,995. The stock has a market capitalization of $308.89 billion, a P/E ratio of 21.67, a P/E/G ratio of 2.20 and a beta of 1.00. The firm has a 50 day simple moving average of $312.52 and a 200-day simple moving average of $324.17. The company has a quick ratio of 0.31, a current ratio of 1.08 and a debt-to-equity ratio of 2.64. The Home Depot, Inc. has a 52 week low of $277.15 and a 52 week high of $397.63.

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, beating analysts' consensus estimates of $4.73 by $0.19. The business had revenue of $47.86 billion during the quarter, compared to the consensus estimate of $47.24 billion. Home Depot had a return on equity of 106.42% and a net margin of 8.41%. The business's quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the business earned $4.68 EPS. 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 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd were issued a $2.33 dividend. This represents a $9.32 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Thursday, September 3rd. Home Depot's payout ratio is currently 65.22%.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Michael F. Rowe sold 710 shares of the stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $336.76, for a total transaction of $239,099.60. Following the sale, the executive vice president directly owned 6,838 shares of the company's stock, valued at approximately $2,302,764.88. This represents a 9.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Kimberly R. Scardino sold 675 shares of the stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $305.95, for a total transaction of $206,516.25. Following the sale, the chief accounting officer directly owned 8,189 shares in the company, valued at $2,505,424.55. This trade represents a 7.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 9,829 shares of company stock worth $3,339,314. Company insiders own 0.08% of the company's stock.

Wall Street Analysts Forecast Growth

HD has been the subject of a number of research analyst reports. Jefferies Financial Group restated a "buy" rating and issued a $398.00 price target on shares of Home Depot in a research note on Tuesday, August 18th. Weiss Ratings reiterated a "hold (c)" rating on shares of Home Depot in a research note on Friday, October 2nd. Wolfe Research lowered shares of Home Depot from an "outperform" rating to a "peer perform" rating in a report on Tuesday, June 23rd. Argus reissued a "buy" rating and set a $400.00 price objective on shares of Home Depot in a report on Wednesday, August 19th. Finally, Truist Financial boosted their target price on shares of Home Depot from $369.00 to $373.00 and gave the stock a "buy" rating in a research report on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $375.93.

About Home Depot

The Home Depot, Inc is a home improvement retailer serving do-it-yourself customers, professional contractors, and other building and maintenance professionals. The company sells a broad selection of building materials, hardware, tools, appliances, paint, plumbing and electrical supplies, flooring, lighting, lawn and garden products, and home décor.

In addition to merchandise, Home Depot offers services such as product delivery, tool and equipment rental, credit services, and installation for selected products.

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