Auxano Advisors LLC Makes New Investment in The Home Depot, Inc. $HD

Auxano Advisors LLC bought a new position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 6,054 shares of the home improvement retailer's stock, valued at approximately $2,135,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Advocate Investing Services LLC bought a new position in Home Depot during the 4th quarter worth $25,000. Zeit Capital LLC bought a new stake in shares of Home Depot during the 2nd quarter valued at $26,000. Parvin Asset Management LLC lifted its position in shares of Home Depot by 110.0% during the 3rd 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 bought a new stake in shares of Home Depot during the 1st quarter valued at $27,000. Finally, Merkkuri Wealth Advisors LLC acquired a new stake in shares of Home Depot during the 1st quarter worth $28,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently commented on HD. Telsey Advisory Group decreased their price target on Home Depot from $435.00 to $410.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 20th. Piper Sandler cut their price objective on shares of Home Depot from $422.00 to $421.00 and set an "overweight" rating for the company in a research report on Wednesday, May 20th. Guggenheim reiterated a "buy" rating and set a $425.00 price objective on shares of Home Depot in a research note on Wednesday, August 19th. Stifel Nicolaus raised their target price on shares of Home Depot from $320.00 to $340.00 and gave the company a "hold" rating in a report on Monday, August 17th. Finally, KeyCorp reissued a "sector weight" rating on shares of Home Depot in a report on Wednesday, August 19th. Eighteen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $375.54.

Home Depot Trading Up 0.6%

Shares of HD stock opened at $337.54 on Tuesday. The Home Depot, Inc. has a fifty-two week low of $289.10 and a fifty-two week high of $426.75. The stock's fifty day moving average price is $341.02 and its two-hundred day moving average price is $339.89. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.31 and a current ratio of 1.08. The company has a market cap of $336.56 billion, a PE ratio of 23.62, a P/E/G ratio of 3.70 and a beta of 0.95.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 EPS for the quarter, topping 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 company had revenue of $47.86 billion during the quarter, compared to analysts' expectations of $47.24 billion. During the same quarter in the previous year, the firm earned $4.68 EPS. Home Depot's revenue was up 5.7% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Equities analysts predict that The Home Depot, Inc. will post 14.99 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd will be given a $2.33 dividend. This represents a $9.32 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Thursday, September 3rd. Home Depot's payout ratio is currently 65.22%.

Insider Buying and Selling

In other Home Depot news, CFO Richard V. Mcphail sold 5,989 shares of the business's stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $348.40, for a total transaction of $2,086,567.60. Following the completion of the transaction, the chief financial officer owned 48,104 shares of the company's stock, valued at approximately $16,759,433.60. The trade was a 11.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.08% of the company's stock.

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.

Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Home Depot, Inc. (NYSE:HD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source