Citizens Financial Group Inc. RI acquired a new stake in The Home Depot, Inc. (NYSE:HD - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 104,640 shares of the home improvement retailer's stock, valued at approximately $36,904,000.
Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC grew its stake in shares of Home Depot by 36.5% during the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer's stock valued at $10,471,000 after buying an additional 7,203 shares during the last quarter. Sivia Capital Partners LLC lifted its holdings in Home Depot by 7.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,598 shares of the home improvement retailer's stock valued at $952,000 after buying an additional 173 shares in the last quarter. Schnieders Capital Management LLC. lifted its holdings in Home Depot by 14.1% during the 2nd quarter. Schnieders Capital Management LLC. now owns 11,587 shares of the home improvement retailer's stock valued at $4,248,000 after buying an additional 1,433 shares in the last quarter. Darwin Wealth Management LLC purchased a new stake in Home Depot in the 2nd quarter valued at about $1,773,000. Finally, Financial Advisors Network Inc. grew its stake in Home Depot by 11.3% in the second quarter. Financial Advisors Network Inc. now owns 2,368 shares of the home improvement retailer's stock worth $868,000 after purchasing an additional 241 shares in the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several brokerages have issued reports on HD. Piper Sandler dropped their target price on Home Depot from $422.00 to $421.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 20th. Jefferies Financial Group reissued a "buy" rating and issued a $398.00 price target on shares of Home Depot in a research report on Tuesday, August 18th. Guggenheim reiterated a "buy" rating and issued a $425.00 target price on shares of Home Depot in a report on Wednesday, August 19th. Gordon Haskett raised their price target on shares of Home Depot from $320.00 to $330.00 in a report on Friday, June 12th. Finally, Evercore lowered their price objective on Home Depot from $415.00 to $400.00 and set an "outperform" rating for the company in a research report on Wednesday, May 20th. Eighteen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $375.54.
View Our Latest Stock Report on Home Depot
Home Depot Trading Up 0.6%
HD stock opened at $337.54 on Tuesday. The business's 50-day moving average is $341.02 and its 200 day moving average is $339.89. The Home Depot, Inc. has a 12-month low of $289.10 and a 12-month high of $426.75. The stock has a market cap of $336.56 billion, a price-to-earnings ratio of 23.62, a PEG ratio of 3.70 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.
Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings data on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.73 by $0.19. The firm had revenue of $47.86 billion during the quarter, compared to analysts' expectations of $47.24 billion. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. Home Depot's revenue was up 5.7% compared to the same quarter last year. During the same period last year, the business earned $4.68 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, sell-side analysts anticipate that The Home Depot, Inc. will post 14.99 EPS for the current fiscal year.
Home Depot Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Investors 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 dividend payout ratio (DPR) is 65.22%.
Insider Transactions at Home Depot
In related news, CFO Richard V. Mcphail sold 5,989 shares of the firm's stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $348.40, for a total value of $2,086,567.60. Following the completion of the sale, the chief financial officer owned 48,104 shares in the company, valued at $16,759,433.60. This trade represents a 11.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.08% of the stock is owned by corporate insiders.
Home Depot Profile
(
Free Report)
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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