Allworth Financial LP Invests $73.26 Million in The Home Depot, Inc. $HD

Key Points

• Allworth Financial acquired 207,716 Home Depot shares during the second quarter, valued at approximately $73.26 million. Institutional investors collectively own 70.86% of the company.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $375.54. Home Depot also exceeded quarterly expectations, reporting $4.92 in EPS and $47.86 billion in revenue.
• Home Depot declared a quarterly dividend of $2.33 per share, equivalent to an annualized $9.32 payout and a 2.8% yield. Shares opened at $328.80, down 1.8%, while two executives recently reported stock sales.

Allworth Financial LP acquired a new stake in 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 institutional investor acquired 207,716 shares of the home improvement retailer's stock, valued at approximately $73,257,000.

A number of other large investors have also added to or reduced their stakes in HD. Curio Wealth LLC increased its holdings in Home Depot by 13.5% in the fourth quarter. Curio Wealth LLC now owns 218 shares of the home improvement retailer's stock worth $76,000 after purchasing an additional 26 shares in the last quarter. Canandaigua National Trust Co of Florida increased its position in Home Depot by 1.3% in the 4th quarter. Canandaigua National Trust Co of Florida now owns 2,178 shares of the home improvement retailer's stock valued at $749,000 after buying an additional 27 shares in the last quarter. Moneco Advisors LLC raised its stake in Home Depot by 0.3% during the 4th quarter. Moneco Advisors LLC now owns 8,743 shares of the home improvement retailer's stock worth $3,008,000 after buying an additional 27 shares during the period. Noesis Capital Mangement Corp raised its stake in Home Depot by 1.5% during the 4th quarter. Noesis Capital Mangement Corp now owns 1,770 shares of the home improvement retailer's stock worth $609,000 after buying an additional 27 shares during the period. Finally, Eubel Brady & Suttman Asset Management Inc. boosted its holdings in Home Depot by 1.3% in the fourth quarter. Eubel Brady & Suttman Asset Management Inc. now owns 2,130 shares of the home improvement retailer's stock worth $733,000 after acquiring an additional 27 shares in the last quarter. Institutional investors own 70.86% of the company's stock.

Analysts Set New Price Targets

HD has been the subject of a number of recent research reports. Truist Financial boosted their price target on shares of Home Depot from $369.00 to $373.00 and gave the company a "buy" rating in a research note on Wednesday, August 19th. Wolfe Research lowered shares of Home Depot from an "outperform" rating to a "peer perform" rating in a research note on Tuesday, June 23rd. Guggenheim reiterated a "buy" rating and set a $425.00 price objective on shares of Home Depot in a report on Wednesday, August 19th. Evercore decreased their target price on shares of Home Depot from $415.00 to $400.00 and set an "outperform" rating for the company in a research report on Wednesday, May 20th. Finally, Bank of America initiated coverage on shares of Home Depot in a report on Tuesday, May 5th. They issued a "buy" rating and a $374.00 target price on the stock. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $375.54.

Key Headlines Impacting Home Depot

Here are the key news stories impacting Home Depot this week:

• Positive Sentiment: Home Depot expanded its Magic Apron AI assistant to all U.S. stores. The tool provides localized product information, project guidance and store navigation through text, voice, images and multiple languages. With millions of questions handled monthly, the rollout could improve customer service, associate productivity and sales conversion. The Home Depot Expands Magic Apron to Deliver Personalized and Localized In-Store Guidance
• Positive Sentiment: Recent analysis argues that Home Depot is showing its clearest turnaround signal in roughly two years. Analysts remain generally constructive, while the company’s recent quarterly results showed revenue growth and earnings above expectations, potentially positioning HD to benefit disproportionately when housing and remodeling demand recover. Prediction: Home Depot’s Turnaround Could Be Bigger Than Investors Expect
• Positive Sentiment: A comparison with Lowe’s suggests Home Depot may be the stronger housing-recovery play, with its scale, professional-customer exposure and strategic execution differentiating it in a frozen housing market. Home Depot vs. Lowe’s: One Housing Recovery Play Stands Out
• Neutral Sentiment: Home Depot beat second-quarter estimates, but coverage highlights a $685 million tariff refund. Because the refund may be a one-time benefit rather than recurring operating improvement, investors may be discounting part of the earnings upside. Home Depot Beat Q2 Estimates. What Did the $685M Tariff Refund Change?
• Negative Sentiment: Executive Vice President Michael F. Rowe sold 710 shares worth approximately $239,100, reducing his direct holdings by 9.4%. The transaction is relatively small and may be routine, but insider selling can add modest sentiment pressure. SEC Insider Transaction Filing

Home Depot Trading Down 1.8%

NYSE HD opened at $328.80 on Friday. The business's fifty day moving average is $341.07 and its 200-day moving average is $338.82. 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 $328.04 billion, a price-to-earnings ratio of 23.01, a PEG ratio of 3.69 and a beta of 0.95. The Home Depot, Inc. has a one year low of $289.10 and a one year high of $426.75.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $47.86 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter 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 predict that The Home Depot, Inc. will post 14.99 EPS for the current year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Thursday, September 3rd will be paid a $2.33 dividend. 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 dividend payout ratio (DPR) is currently 65.22%.

Insider Buying and Selling

In other Home Depot news, CFO Richard V. Mcphail sold 5,989 shares of Home Depot stock in a transaction that occurred on Wednesday, August 19th. The shares were 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 directly owned 48,104 shares in the company, valued at $16,759,433.60. The trade was a 11.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Michael F. Rowe sold 710 shares of the business's stock in a transaction that occurred on Wednesday, August 26th. The stock was 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 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 position. Additional details regarding this sale are available in the official SEC disclosure. 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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