Beacon Pointe Advisors LLC Acquires New Position in The Home Depot, Inc. $HD

Key Points

• Beacon Pointe Advisors acquired 139,098 Home Depot shares during the second quarter, valued at approximately $49.1 million. Institutional investors collectively own 70.86% of the company.
• Home Depot exceeded quarterly expectations with EPS of $4.92 and revenue of $47.86 billion, up 5.7% year over year. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $375.54.
• The company declared a quarterly dividend of $2.33 per share, equivalent to an annualized $9.32 payout and a 2.9% yield. Several executives recently sold shares, with insiders selling 9,154 shares worth about $3.13 million over the past 90 days.

Beacon Pointe Advisors LLC acquired a new stake in The Home Depot, Inc. (NYSE:HD - Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 139,098 shares of the home improvement retailer's stock, valued at approximately $49,057,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HD. Advocate Investing Services LLC acquired a new position in Home Depot in the 4th quarter worth about $25,000. Zeit Capital LLC acquired a new position in Home Depot in the second quarter worth approximately $26,000. Parvin Asset Management LLC raised its position in Home Depot by 110.0% during 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 in the last quarter. Cache Advisors LLC bought a new stake in Home Depot in the first quarter worth approximately $27,000. Finally, Merkkuri Wealth Advisors LLC bought a new stake in Home Depot in the first quarter worth approximately $28,000. Hedge funds and other institutional investors own 70.86% of the company's stock.

Trending Headlines about Home Depot

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

• Positive Sentiment: Home Depot’s AI-powered Magic Apron tools are now available across U.S. stores, providing localized product search and project assistance. The technology could improve customer engagement and support the company’s professional-customer growth strategy. Home Depot Could Be 15% Undervalued On Its Pro Growth Narrative
• Positive Sentiment: Zacks Research modestly raised its fiscal 2027 EPS forecast for HD to $15.03 from $14.95, while analysts continue to project earnings growth through fiscal 2029. The company also recently exceeded quarterly EPS and revenue expectations, offering some fundamental support. Home Depot Faces Weak DIY Demand
• Positive Sentiment: A regional competitor, Earl May, reportedly plans to close roughly one-quarter of its stores. While the impact is likely limited, store closures could reduce competition in some local markets. Earl May Closing Stores

Analysts Set New Price Targets

HD has been the topic of several analyst reports. Jefferies Financial Group restated a "buy" rating and set a $398.00 price target on shares of Home Depot in a research note on Tuesday, August 18th. BNP Paribas Exane cut their target price on Home Depot from $348.00 to $325.00 and set a "neutral" rating on the stock in a report on Tuesday, May 19th. Citigroup decreased their target price on Home Depot from $450.00 to $400.00 and set a "buy" rating for the company in a research report on Tuesday, May 12th. Stifel Nicolaus lifted their target price on shares of Home Depot from $320.00 to $340.00 and gave the stock a "hold" rating in a report on Monday, August 17th. Finally, TD Cowen reissued a "buy" rating on shares of Home Depot in a research report on Monday, August 10th. Eighteen equities 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $375.54.

Home Depot Price Performance

Home Depot stock opened at $318.63 on Thursday. 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 business has a 50 day simple moving average of $340.43 and a 200 day simple moving average of $337.03. The Home Depot, Inc. has a one year low of $289.10 and a one year high of $426.75. The company has a market capitalization of $317.89 billion, a PE ratio of 22.30, a price-to-earnings-growth ratio of 3.52 and a beta of 0.95.

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. 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 period last year, the business earned $4.68 earnings per share. The business'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. On average, sell-side analysts forecast that The Home Depot, Inc. will post 15 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd will be paid a dividend of $2.33 per share. This represents a $9.32 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Thursday, September 3rd. Home Depot's dividend payout ratio is currently 65.22%.

Insiders Place Their Bets

In other news, EVP Teresa Wynn Roseborough sold 2,455 shares of the business's stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $328.77, for a total value of $807,130.35. Following the transaction, the executive vice president directly owned 14,061 shares of the company's stock, valued at $4,622,834.97. The trade was a 14.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 value of $239,099.60. Following the completion of the transaction, the executive vice president directly owned 6,838 shares in the company, valued at $2,302,764.88. The trade was a 9.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 9,154 shares of company stock valued at $3,132,798. 0.08% of the stock is currently owned by insiders.

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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