Aljian Capital Management LLC Takes $2.72 Million Position in The Home Depot, Inc. $HD

Key Points

• Aljian Capital Management opened a new $2.72 million position in Home Depot during the second quarter, purchasing 7,701 shares. Institutional investors collectively own 70.86% of HD.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $375.54; recent targets range from $342 to $400.
• Home Depot exceeded quarterly expectations with $4.92 EPS and $47.86 billion in revenue, while declaring a $2.33 quarterly dividend, equivalent to a 2.8% annual yield.

Aljian Capital Management LLC bought a new position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 7,701 shares of the home improvement retailer's stock, valued at approximately $2,716,000. Home Depot accounts for about 0.5% of Aljian Capital Management LLC's portfolio, making the stock its 24th largest position.

Several other institutional investors and hedge funds have also bought and sold shares of HD. Gator Capital Management LLC bought a new position in shares of Home Depot during the 4th quarter valued at $3,693,000. King Luther Capital Management Corp lifted its stake in Home Depot by 0.6% in the fourth quarter. King Luther Capital Management Corp now owns 1,240,478 shares of the home improvement retailer's stock worth $426,848,000 after purchasing an additional 7,180 shares during the last quarter. Thompson Siegel & Walmsley LLC lifted its stake in Home Depot by 320.4% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 11,292 shares of the home improvement retailer's stock worth $3,886,000 after purchasing an additional 8,606 shares during the last quarter. Sarasin & Partners LLP boosted its position in Home Depot by 4.0% during the second quarter. Sarasin & Partners LLP now owns 687,219 shares of the home improvement retailer's stock valued at $242,368,000 after buying an additional 26,357 shares during the period. Finally, Capital International Inc. CA boosted its position in Home Depot by 4.3% during the fourth quarter. Capital International Inc. CA now owns 150,368 shares of the home improvement retailer's stock valued at $51,742,000 after buying an additional 6,187 shares during the period. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HD has been the topic of several recent research reports. Wells Fargo & Company raised their price target on Home Depot from $360.00 to $400.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 11th. TD Cowen reiterated a "buy" rating on shares of Home Depot in a research report on Monday, August 10th. Sanford C. Bernstein reissued a "market perform" rating and set a $354.00 price objective on shares of Home Depot in a research note on Wednesday, August 19th. Truist Financial raised their target price on shares of Home Depot from $369.00 to $373.00 and gave the stock a "buy" rating in a report on Wednesday, August 19th. Finally, Royal Bank Of Canada decreased their target price on shares of Home Depot from $343.00 to $342.00 and set a "sector perform" rating on the stock in a research note on Wednesday, August 19th. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $375.54.

Home Depot Stock Up 0.6%

NYSE HD opened at $337.54 on Tuesday. 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 stock has a market capitalization of $336.56 billion, a PE ratio of 23.62, a PEG ratio of 3.70 and a beta of 0.95. The Home Depot, Inc. has a 1 year low of $289.10 and a 1 year high of $426.75. The business's 50-day moving average is $341.02 and its 200 day moving average is $339.89.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.73 by $0.19. The company had revenue of $47.86 billion for 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%.Home Depot's revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Sell-side analysts forecast that The Home Depot, Inc. will post 14.99 earnings per share for the current year.

Home Depot Dividend Announcement

The business 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 dividend of $2.33 per share. This represents a $9.32 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Thursday, September 3rd. Home Depot's payout ratio is presently 65.22%.

Insider Transactions at Home Depot

In other Home Depot news, CFO Richard V. Mcphail sold 5,989 shares of the company's stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $348.40, for a total value of $2,086,567.60. Following the completion of the transaction, the chief financial officer directly owned 48,104 shares in the company, valued at approximately $16,759,433.60. This represents a 11.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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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