BG Investment Services LLC Purchases 14,599 Shares of The Home Depot, Inc. $HD

Key Points

• BG Investment Services acquired 14,599 Home Depot shares worth approximately $4.15 million in the third quarter. Institutional investors collectively own 70.86% of the company’s stock.
• Home Depot exceeded quarterly expectations, reporting $4.92 in earnings per share and $47.86 billion in revenue, up 5.7% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $375.93.
• Shares opened at $319.73, while elevated mortgage rates, weaker housing activity and risk-off trading remain potential headwinds. The company pays a quarterly dividend of $2.33, equivalent to a 2.9% annualized yield.

BG Investment Services LLC acquired a new position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 14,599 shares of the home improvement retailer's stock, valued at approximately $4,153,000.

A number of other large investors have also made changes to their positions in the stock. BlackRock Inc. acquired a new stake in Home Depot during the second quarter worth about $28,771,247,000. Bank of America Corp DE bought a new stake in shares of Home Depot in the 2nd quarter worth approximately $5,780,468,000. Bank of New York Mellon Corp acquired a new stake in shares of Home Depot during the 2nd quarter worth approximately $2,777,396,000. Corient Private Wealth LP acquired a new stake in shares of Home Depot during the 2nd quarter worth approximately $390,913,000. Finally, Legal & General Group Plc acquired a new stake in shares of Home Depot during the 2nd quarter worth approximately $1,953,883,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Key Headlines Impacting Home Depot

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

• Positive Sentiment: Home Depot is developing the “Orange Exchange,” a supplier initiative intended to connect the retailer with more small businesses. The effort could improve product quality, assortment and availability while supporting long-term customer demand. Home Depot's latest move is good for customers and the U.S. economy
• Positive Sentiment: Recent coverage highlights potential support from lower interest rates, which could gradually stimulate home sales, remodeling activity and larger renovation projects. Home Depot stock rebounds as rate cuts stir home-improvement demand
• Positive Sentiment: Analyst earnings and revenue estimate revisions, along with the company’s growing distribution capabilities, have renewed attention on Home Depot’s valuation. The latest quarterly results also exceeded consensus expectations, with earnings of $4.92 per share and revenue of $47.86 billion.
• Positive Sentiment: Several major institutional investors increased their Home Depot holdings during the latest reported quarter, while the median analyst price target cited by Quiver Quantitative is $375, implying potential upside from recent trading levels.
• Neutral Sentiment: The Home Depot Foundation pledged $1 billion through 2032 for veteran housing and related causes. The announcement strengthens the company’s social-impact profile but is unlikely to materially affect near-term earnings. The Home Depot Foundation Pledges $1 Billion to Veteran Causes by 2032
• Negative Sentiment: Risk-off trading, higher oil prices and persistently elevated mortgage rates are weighing on housing activity and economically sensitive retailers. Soft home sales and affordability concerns could delay big-ticket renovation demand.
• Negative Sentiment: Reported insider activity showed four sales and no purchases over the past six months, a potentially cautious signal, although the transactions do not necessarily indicate a change in the company’s fundamentals.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HD. Mizuho increased their price objective on shares of Home Depot from $385.00 to $390.00 and gave the company an "outperform" rating in a research note on Wednesday, August 19th. UBS Group reiterated a "buy" rating on shares of Home Depot in a research report on Thursday, September 17th. Weiss Ratings reissued a "hold (c)" rating on shares of Home Depot in a research note on Friday, October 2nd. Melius Research set a $397.00 price target on Home Depot in a research report on Tuesday, October 6th. Finally, KeyCorp reiterated a "sector weight" rating on shares of Home Depot in a research note on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $375.93.

Home Depot Stock Performance

Home Depot stock opened at $319.73 on Friday. The Home Depot, Inc. has a 1 year low of $277.15 and a 1 year high of $397.63. The company's 50-day moving average is $309.69 and its two-hundred day moving average is $323.89. 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 company has a market cap of $318.99 billion, a PE ratio of 22.37, a PEG ratio of 2.27 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $47.86 billion during the quarter, compared to analysts' expectations of $47.24 billion. During the same period in the prior year, the business posted $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 anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

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

Insider Activity at Home Depot

In other news, EVP Teresa Roseborough sold 2,455 shares of the company'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 transaction of $807,130.35. Following the sale, the executive vice president owned 14,061 shares in the company, valued at $4,622,834.97. This represents a 14.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 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 sale, the executive vice president owned 6,838 shares of the company's stock, valued at approximately $2,302,764.88. This represents a 9.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 9,829 shares of company stock worth $3,339,314 over the last three months. 0.08% of the stock is currently owned by insiders.

Home Depot Profile

The Home Depot, Inc is a home improvement retailer serving do-it-yourself customers, professional contractors, and other building and maintenance professionals. The company sells a broad selection of building materials, hardware, tools, appliances, paint, plumbing and electrical supplies, flooring, lighting, lawn and garden products, and home décor.

In addition to merchandise, Home Depot offers services such as product delivery, tool and equipment rental, credit services, and installation for selected products.

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