AFT Forsyth & Company Inc. Takes $1.90 Million Position in The Home Depot, Inc. $HD

Key Points

• AFT Forsyth & Company acquired a new $1.90 million stake in Home Depot during the second quarter, purchasing 5,377 shares. Institutional investors collectively own 70.86% of the company.
• Analysts maintain a broadly positive outlook, with an overall “Moderate Buy” rating and an average price target of $375.54, despite several recent target-price reductions.
• Home Depot exceeded quarterly earnings and revenue expectations, reporting $4.92 in EPS and $47.86 billion in revenue. The company also declared a quarterly dividend of $2.33 per share, representing a 2.8% annualized yield.

AFT Forsyth & Company Inc. bought a new stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 5,377 shares of the home improvement retailer's stock, valued at approximately $1,896,000. Home Depot makes up 0.9% of AFT Forsyth & Company Inc.'s holdings, making the stock its 18th biggest position.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Brighton Jones LLC raised its position in shares of Home Depot by 36.5% during the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer's stock worth $10,471,000 after purchasing an additional 7,203 shares during the period. Sivia Capital Partners LLC increased its stake in Home Depot by 7.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,598 shares of the home improvement retailer's stock worth $952,000 after purchasing an additional 173 shares in the last quarter. Schnieders Capital Management LLC. increased its stake in Home Depot by 14.1% in the 2nd quarter. Schnieders Capital Management LLC. now owns 11,587 shares of the home improvement retailer's stock worth $4,248,000 after purchasing an additional 1,433 shares in the last quarter. Darwin Wealth Management LLC acquired a new stake in Home Depot during the 2nd quarter worth about $1,773,000. Finally, Financial Advisors Network Inc. raised its holdings in Home Depot by 11.3% during the 2nd quarter. Financial Advisors Network Inc. now owns 2,368 shares of the home improvement retailer's stock worth $868,000 after buying an additional 241 shares during the period. 70.86% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Argus reissued a "buy" rating and issued a $400.00 target price on shares of Home Depot in a research report on Wednesday, August 19th. Royal Bank Of Canada decreased their price objective on shares of Home Depot from $343.00 to $342.00 and set a "sector perform" rating for the company in a research note on Wednesday, August 19th. The Goldman Sachs Group lowered their price objective on shares of Home Depot from $409.00 to $390.00 and set a "buy" rating on the stock in a research report on Wednesday, May 20th. Telsey Advisory Group cut their target price on shares of Home Depot from $435.00 to $410.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 20th. Finally, Piper Sandler reduced their target price on Home Depot from $422.00 to $421.00 and set an "overweight" rating for the company in a report on Wednesday, May 20th. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $375.54.

Home Depot Stock Down 0.5%

HD opened at $328.52 on Tuesday. The Home Depot, Inc. has a fifty-two week low of $289.10 and a fifty-two week high of $426.75. The business has a 50-day moving average of $341.00 and a 200-day moving average of $338.03. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.08 and a quick ratio of 0.31. The company has a market capitalization of $327.76 billion, a PE ratio of 22.99, a price-to-earnings-growth ratio of 3.64 and a beta of 0.95.

Home Depot (NYSE:HD - Get Free Report) last posted its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 EPS for the quarter, topping the consensus estimate 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 company's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.68 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Equities research analysts forecast that The Home Depot, Inc. will post 15 EPS for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently disclosed 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 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%.

Insider Transactions at Home Depot

In other news, EVP Michael F. Rowe sold 710 shares of the company's stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $336.76, for a total transaction of $239,099.60. Following the completion of the transaction, the executive vice president 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Teresa Wynn Roseborough sold 2,455 shares of the company's stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $328.77, for a total value of $807,130.35. Following the completion of the transaction, the executive vice president directly owned 14,061 shares of the company's stock, valued at approximately $4,622,834.97. This trade represents a 14.86% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 9,154 shares of company stock worth $3,132,798. Company insiders own 0.08% of the company's stock.

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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