Knuff & Co LLC acquired a new stake in The Home Depot, Inc. (NYSE:HD - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 8,136 shares of the home improvement retailer's stock, valued at approximately $2,869,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Parvin Asset Management LLC lifted its stake in shares of Home Depot by 110.0% during the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer's stock valued at $26,000 after buying an additional 33 shares in the last quarter. Advocate Investing Services LLC bought a new stake in Home Depot during the 4th quarter valued at $25,000. Zeit Capital LLC bought a new stake in Home Depot during the 2nd quarter valued at $26,000. Cache Advisors LLC purchased a new stake in shares of Home Depot during the first quarter worth $27,000. Finally, Imprint Wealth LLC bought a new position in shares of Home Depot in the third quarter worth $34,000. 70.86% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on HD shares. DA Davidson reissued a "buy" rating and set a $377.00 price objective on shares of Home Depot in a report on Wednesday, August 19th. Piper Sandler decreased their price target on Home Depot from $422.00 to $421.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 20th. Guggenheim reissued a "buy" rating and issued a $425.00 price target on shares of Home Depot in a report on Wednesday, August 19th. Stifel Nicolaus boosted their price objective on shares of Home Depot from $320.00 to $340.00 and gave the company a "hold" rating in a research note on Monday, August 17th. Finally, BNP Paribas Exane decreased their target price on shares of Home Depot from $348.00 to $325.00 and set a "neutral" rating on the stock in a report on Tuesday, May 19th. Eighteen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Home Depot currently has an average rating of "Moderate Buy" and a consensus target price of $375.54.
Read Our Latest Analysis on HD
Home Depot Stock Performance
Shares of HD opened at $334.97 on Thursday. The Home Depot, Inc. has a 12-month low of $289.10 and a 12-month high of $426.75. The company has a current ratio of 1.08, a quick ratio of 0.31 and a debt-to-equity ratio of 2.64. The company has a market cap of $334.01 billion, a PE ratio of 23.44, a price-to-earnings-growth ratio of 3.72 and a beta of 0.95. The stock has a 50-day moving average price of $341.18 and a 200-day moving average price of $339.21.
Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings data on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share for the quarter, topping the consensus estimate of $4.73 by $0.19. The company had revenue of $47.86 billion for the quarter, compared to analysts' expectations of $47.24 billion. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. Home Depot's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the prior year, the business earned $4.68 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, equities analysts forecast that The Home Depot, Inc. will post 14.99 earnings per share for the current fiscal year.
Home Depot Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd will be given a dividend of $2.33 per share. This represents a $9.32 annualized dividend and a yield of 2.8%. The ex-dividend date is Thursday, September 3rd. 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 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
Insiders Place Their Bets
In other news, CFO Richard V. Mcphail sold 5,989 shares of the stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $348.40, for a total transaction of $2,086,567.60. Following the completion of the sale, the chief financial officer 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.08% of the stock is owned by corporate insiders.
Home Depot Profile
(
Free Report)
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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