8,788 Shares in The Home Depot, Inc. $HD Purchased by Quent Long Short Global Small Cap Fund LP

Key Points

• Quent Long Short Global Small Cap Fund LP opened a new position in The Home Depot, buying 8,788 shares in Q4 valued at about $3.02 million, while institutional investors now own roughly 70.86% of the stock.
• CFO Richard V. McPhail sold 2,550 shares on March 4 for about $940,670, reducing his holding by 5.41% (insiders own 0.08% of the company).
• Home Depot beat quarterly estimates (EPS $2.72 vs. $2.52; revenue $38.20B vs. $38.01B), raised its quarterly dividend to $2.33 ($9.32 annualized, 2.9% yield), and carries a consensus analyst rating of Moderate Buy with an average price target of $414.17.

Quent Long Short Global Small Cap Fund LP purchased a new position in The Home Depot, Inc. (NYSE:HD - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 8,788 shares of the home improvement retailer's stock, valued at approximately $3,024,000.

Several other institutional investors have also modified their holdings of HD. Parvin Asset Management LLC raised its holdings 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 valued at $26,000 after acquiring an additional 33 shares in the last quarter. Key Capital Management INC acquired a new stake in Home Depot in the fourth quarter valued at $28,000. Financially Speaking Inc acquired a new stake in Home Depot in the third quarter valued at $31,000. Imprint Wealth LLC acquired a new stake in Home Depot in the third quarter valued at $34,000. Finally, Disciplined Equity Management Inc. acquired a new stake in Home Depot in the fourth quarter valued at $34,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Insider Buying and Selling

In other news, CFO Richard V. Mcphail sold 2,550 shares of Home Depot stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $368.89, for a total transaction of $940,669.50. Following the transaction, the chief financial officer directly owned 44,566 shares in the company, valued at approximately $16,439,951.74. This trade represents a 5.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.08% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. The Goldman Sachs Group cut their price target on shares of Home Depot from $413.00 to $409.00 in a report on Wednesday, February 25th. BNP Paribas Exane cut their price target on shares of Home Depot from $391.00 to $348.00 and set a "neutral" rating on the stock in a report on Tuesday, March 24th. Citigroup upped their price objective on Home Depot from $407.00 to $450.00 and gave the company a "buy" rating in a research note on Thursday, February 12th. Truist Financial set a $424.00 price objective on Home Depot in a research note on Tuesday, February 24th. Finally, Sanford C. Bernstein upped their price objective on Home Depot from $381.00 to $390.00 and gave the company a "market perform" rating in a research note on Wednesday, February 25th. Twenty research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Home Depot presently has an average rating of "Moderate Buy" and a consensus price target of $414.17.

Home Depot Stock Down 1.4%

HD opened at $324.22 on Friday. The Home Depot, Inc. has a 12 month low of $315.31 and a 12 month high of $426.75. The company has a debt-to-equity ratio of 3.62, a current ratio of 1.06 and a quick ratio of 0.26. The stock has a market cap of $322.93 billion, a P/E ratio of 22.78, a P/E/G ratio of 3.59 and a beta of 1.09. The stock's 50 day moving average price is $343.27 and its 200 day moving average price is $359.36.

Home Depot (NYSE:HD - Get Free Report) last released its earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 EPS for the quarter, beating the consensus estimate of $2.52 by $0.20. The firm had revenue of $38.20 billion for the quarter, compared to analysts' expectations of $38.01 billion. Home Depot had a net margin of 8.60% and a return on equity of 134.32%. Home Depot's quarterly revenue was down 3.8% on a year-over-year basis. During the same quarter last year, the company earned $3.13 EPS. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. As a group, research analysts predict that The Home Depot, Inc. will post 15.03 earnings per share for the current year.

Home Depot Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th were paid a dividend of $2.33 per share. This represents a $9.32 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Thursday, March 12th. This is a positive change from Home Depot's previous quarterly dividend of $2.30. Home Depot's dividend payout ratio is 65.50%.

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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