Ameritas Advisory Services LLC Has $6.11 Million Position in The Home Depot, Inc. $HD

Key Points

• Ameritas Advisory Services increased its Home Depot stake by 41.3% in the second quarter, bringing its holdings to 17,316 shares valued at approximately $6.11 million. Institutional investors collectively own 70.86% of the company.
• Home Depot exceeded quarterly expectations, reporting $4.92 in EPS and $47.86 billion in revenue, with revenue up 5.7% year over year. The company also declared a $2.33 quarterly dividend, equivalent to a 2.9% annualized yield.
• Analysts maintain a generally favorable outlook, with 18 Buy, 13 Hold and one Sell rating; the stock has a “Moderate Buy” consensus and an average price target of $375.54 versus its reported price of $320.94.

Ameritas Advisory Services LLC raised its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 41.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,316 shares of the home improvement retailer's stock after purchasing an additional 5,064 shares during the quarter. Ameritas Advisory Services LLC's holdings in Home Depot were worth $6,107,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Bank of Nova Scotia acquired a new position in Home Depot during the second quarter valued at approximately $118,723,000. Gator Capital Management LLC acquired a new stake in shares of Home Depot in the 4th quarter valued at $3,693,000. AFT Forsyth & Company Inc. bought a new position in shares of Home Depot in the 2nd quarter valued at $1,896,000. Field & Main Bank bought a new position in shares of Home Depot in the 2nd quarter valued at $6,286,000. Finally, King Luther Capital Management Corp increased its stake in shares of Home Depot by 0.6% in the 4th quarter. King Luther Capital Management Corp now owns 1,240,478 shares of the home improvement retailer's stock valued at $426,848,000 after purchasing an additional 7,180 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Home Depot Stock Performance

NYSE:HD opened at $320.94 on Tuesday. The stock has a market cap of $320.20 billion, a P/E ratio of 22.46, a price-to-earnings-growth ratio of 3.53 and a beta of 0.95. The company has a current ratio of 1.08, a quick ratio of 0.31 and a debt-to-equity ratio of 2.64. The stock's 50-day moving average is $338.76 and its 200-day moving average is $335.58. The Home Depot, Inc. has a 1-year low of $289.10 and a 1-year high of $426.75.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings data 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 business 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 quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the business earned $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Equities research analysts anticipate that The Home Depot, Inc. will post 15 earnings per share for the current year.

Home Depot Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $9.32 annualized dividend and a dividend yield of 2.9%. Home Depot's payout ratio is currently 65.22%.

Insider Buying and Selling

In other Home Depot news, EVP Michael Rowe sold 710 shares of Home Depot stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $336.76, for a total transaction of $239,099.60. Following the transaction, the executive vice president directly owned 6,838 shares of the company's stock, valued at approximately $2,302,764.88. The trade was a 9.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Teresa Roseborough sold 2,455 shares of the company's stock in a transaction dated 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 sale, the executive vice president owned 14,061 shares in the company, valued at $4,622,834.97. This trade represents a 14.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 9,154 shares of company stock valued at $3,132,798 over the last 90 days. 0.08% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. JPMorgan Chase & Co. dropped their price objective on Home Depot from $423.00 to $396.00 and set an "overweight" rating for the company in a research report on Wednesday, May 20th. Sanford C. Bernstein reiterated a "market perform" rating and issued a $354.00 target price on shares of Home Depot in a research report on Wednesday, August 19th. Wells Fargo & Company boosted their target price on Home Depot from $360.00 to $400.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 11th. HSBC dropped their target price on shares of Home Depot from $392.00 to $310.00 and set a "hold" rating for the company in a report on Wednesday, May 20th. Finally, KeyCorp restated a "sector weight" rating on shares of Home Depot in a research note on Wednesday, August 19th. Eighteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $375.54.

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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