Ausdal Financial Partners Inc. Purchases Shares of 12,954 The Home Depot, Inc. $HD

Key Points

• Ausdal Financial Partners acquired 12,954 Home Depot shares during the second quarter, valued at approximately $4.57 million. Institutional investors collectively own 70.86% of the company.
• Analysts maintain a broadly positive view, with 18 Buy, 13 Hold, and one Sell rating; Home Depot has a “Moderate Buy” consensus and an average price target of $375.54.
• Home Depot’s latest quarterly results exceeded expectations, with EPS of $4.92 and revenue of $47.86 billion, while the company declared a quarterly dividend of $2.33 per share, yielding about 2.8% annually.

Ausdal Financial Partners Inc. bought a new position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 12,954 shares of the home improvement retailer's stock, valued at approximately $4,569,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Curio Wealth LLC lifted its holdings in shares of Home Depot by 13.5% during the fourth quarter. Curio Wealth LLC now owns 218 shares of the home improvement retailer's stock valued at $76,000 after purchasing an additional 26 shares during the last quarter. Moneco Advisors LLC increased its stake in Home Depot by 0.3% in the 4th quarter. Moneco Advisors LLC now owns 8,743 shares of the home improvement retailer's stock worth $3,008,000 after purchasing an additional 27 shares in the last quarter. Noesis Capital Mangement Corp increased its stake in Home Depot by 1.5% in the 4th quarter. Noesis Capital Mangement Corp now owns 1,770 shares of the home improvement retailer's stock worth $609,000 after purchasing an additional 27 shares in the last quarter. Eubel Brady & Suttman Asset Management Inc. raised its holdings in Home Depot by 1.3% during the 4th quarter. Eubel Brady & Suttman Asset Management Inc. now owns 2,130 shares of the home improvement retailer's stock worth $733,000 after buying an additional 27 shares during the period. Finally, Mill Capital Management LLC raised its holdings in Home Depot by 0.4% during the 4th quarter. Mill Capital Management LLC now owns 7,377 shares of the home improvement retailer's stock worth $2,538,000 after buying an additional 27 shares during the period. 70.86% of the stock is currently owned by institutional investors.

Insider Activity at Home Depot

In other Home Depot 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 sale, the executive vice president directly owned 6,838 shares in the company, valued at $2,302,764.88. This represents a 9.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Richard V. Mcphail sold 5,989 shares of the company's stock in a transaction dated 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 sale, the chief financial officer owned 48,104 shares of the company's stock, valued at $16,759,433.60. This trade represents a 11.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 9,154 shares of company stock worth $3,132,798. 0.08% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have commented on HD shares. Citigroup decreased their target price on shares of Home Depot from $450.00 to $400.00 and set a "buy" rating for the company in a report on Tuesday, May 12th. Bank of America initiated coverage on Home Depot in a report on Tuesday, May 5th. They set a "buy" rating and a $374.00 price target on the stock. Wall Street Zen raised Home Depot from a "sell" rating to a "hold" rating in a research report on Tuesday, June 2nd. Truist Financial increased their price objective on Home Depot from $369.00 to $373.00 and gave the stock a "buy" rating in a research note on Wednesday, August 19th. Finally, BNP Paribas Exane decreased their price objective on Home Depot from $348.00 to $325.00 and set a "neutral" rating for the company in a research report on Tuesday, May 19th. 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 company. According to MarketBeat, Home Depot has an average rating of "Moderate Buy" and a consensus price target of $375.54.

Home Depot Stock Down 0.5%

Home Depot stock opened at $328.52 on Tuesday. The company has a market capitalization of $327.76 billion, a P/E ratio of 22.99, a P/E/G ratio of 3.64 and a beta of 0.95. The firm's fifty day simple moving average is $341.00 and its 200-day simple moving average is $338.03. 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 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 EPS for the quarter, beating analysts' consensus estimates of $4.73 by $0.19. Home Depot had a return on equity of 106.42% and a net margin of 8.41%.The business had revenue of $47.86 billion for the quarter, compared to analyst estimates of $47.24 billion. During the same quarter in the prior year, the firm posted $4.68 EPS. The firm's revenue for the quarter was up 5.7% on a year-over-year basis. 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 15 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company 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. The ex-dividend date is Thursday, September 3rd. This represents a $9.32 dividend on an annualized basis and a yield of 2.8%. Home Depot's dividend payout ratio (DPR) is presently 65.22%.

Home Depot Company 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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