Alpine Woods Capital Investors LLC Buys New Stake in The Home Depot, Inc. $HD

Key Points

• Alpine Woods Capital Investors initiated a Home Depot stake of 15,837 shares valued at approximately $5.6 million, making HD about 1.2% of its portfolio. Institutional investors and hedge funds collectively own 70.86% of the company.
• Home Depot exceeded quarterly expectations, reporting $4.92 in adjusted EPS and $47.86 billion in revenue, while revenue increased 5.7% year over year. Analysts maintain a “Moderate Buy” consensus with an average price target of $375.54.
• The company declared a quarterly dividend of $2.33 per share, equivalent to $9.32 annually and a 2.8% yield. Separately, CFO Richard McPhail sold 5,989 shares worth about $2.1 million.

Alpine Woods Capital Investors LLC purchased a new stake in The Home Depot, Inc. (NYSE:HD - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,837 shares of the home improvement retailer's stock, valued at approximately $5,585,000. Home Depot comprises approximately 1.2% of Alpine Woods Capital Investors LLC's investment portfolio, making the stock its 25th biggest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HD. Advocate Investing Services LLC purchased a new stake in shares of Home Depot in the fourth quarter worth about $25,000. Zeit Capital LLC purchased a new position in Home Depot during the second quarter valued at approximately $26,000. Parvin Asset Management LLC lifted 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 during the period. Cache Advisors LLC acquired a new position in Home Depot in the first quarter valued at approximately $27,000. Finally, Merkkuri Wealth Advisors LLC purchased a new stake in Home Depot in the 1st quarter worth approximately $28,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Home Depot

In related news, CFO Richard V. Mcphail sold 5,989 shares of the firm's stock in a transaction dated 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 transaction, the chief financial officer directly owned 48,104 shares of the company's stock, valued at approximately $16,759,433.60. This trade represents a 11.07% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.08% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

HD has been the topic of a number of analyst reports. Weiss Ratings raised shares of Home Depot from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, July 7th. Gordon Haskett increased their price target on shares of Home Depot from $320.00 to $330.00 in a report on Friday, June 12th. Mizuho raised their price target on shares of Home Depot from $385.00 to $390.00 and gave the company an "outperform" rating in a research report on Wednesday, August 19th. JPMorgan Chase & Co. cut their price objective on shares of Home Depot from $423.00 to $396.00 and set an "overweight" rating for the company in a report on Wednesday, May 20th. Finally, Stifel Nicolaus upped their price objective on shares of Home Depot from $320.00 to $340.00 and gave the stock a "hold" rating in a research report on Monday, August 17th. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $375.54.

Home Depot Trading Up 0.6%

Shares of NYSE:HD opened at $337.54 on Tuesday. The business's 50 day moving average price is $341.02 and its 200-day moving average price is $339.89. The Home Depot, Inc. has a 1 year low of $289.10 and a 1 year high of $426.75. The firm has a market capitalization of $336.56 billion, a price-to-earnings ratio of 23.62, a price-to-earnings-growth ratio of 3.70 and a beta of 0.95. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.08 and a quick ratio of 0.31.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly 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 analyst estimates of $47.24 billion. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. The firm's revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, equities research analysts forecast that The Home Depot, Inc. will post 14.99 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd will be paid a dividend of $2.33 per share. The ex-dividend date of this dividend 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 currently 65.22%.

About Home Depot

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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