Coastal Bridge Advisors LLC Takes $6.37 Million Position in The Home Depot, Inc. $HD

Key Points

• Coastal Bridge Advisors acquired 18,046 Home Depot shares during the second quarter, valued at approximately $6.37 million. Institutional investors collectively own 70.86% of the company.
• Home Depot reported quarterly earnings of $4.92 per share and revenue of $47.86 billion, exceeding analyst estimates, while analysts maintain a “Moderate Buy” consensus with an average price target of $375.54.
• The company declared a quarterly dividend of $2.33 per share, equal to an annualized $9.32 and an approximate 2.9% yield. However, high mortgage rates and weak DIY demand continue to pressure renovation activity and big-ticket purchases.

Coastal Bridge Advisors LLC acquired a new position in The Home Depot, Inc. (NYSE:HD - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 18,046 shares of the home improvement retailer's stock, valued at approximately $6,365,000.

Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC increased its position in Home Depot by 36.5% in the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer's stock worth $10,471,000 after buying an additional 7,203 shares in the last quarter. Sivia Capital Partners LLC lifted its position in shares of 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. grew its stake in shares of 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 acquiring an additional 1,433 shares during the period. Darwin Wealth Management LLC bought a new position in shares of Home Depot during the 2nd quarter valued at approximately $1,773,000. Finally, Financial Advisors Network Inc. increased its holdings in Home Depot by 11.3% in the 2nd quarter. Financial Advisors Network Inc. now owns 2,368 shares of the home improvement retailer's stock worth $868,000 after acquiring an additional 241 shares in the last quarter. 70.86% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on HD. BNP Paribas Exane decreased their target price on shares of Home Depot from $348.00 to $325.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 19th. Wolfe Research cut shares of Home Depot from an "outperform" rating to a "peer perform" rating in a research note on Tuesday, June 23rd. Stifel Nicolaus raised their price objective on shares of Home Depot from $320.00 to $340.00 and gave the company a "hold" rating in a research report on Monday, August 17th. KeyCorp restated a "sector weight" rating on shares of Home Depot in a research note on Wednesday, August 19th. Finally, Piper Sandler dropped their target price on shares of Home Depot from $422.00 to $421.00 and set an "overweight" rating for the company in a report on Wednesday, May 20th. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $375.54.

Insider Buying and Selling at Home Depot

In other news, EVP Michael F. Rowe sold 710 shares of the firm's stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $336.76, for a total transaction of $239,099.60. Following the completion of the transaction, the executive vice president owned 6,838 shares in the company, valued at $2,302,764.88. This trade represents a 9.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Richard V. Mcphail sold 5,989 shares of Home Depot stock in a transaction dated Wednesday, August 19th. The stock was 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 directly 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 SEC filing for this sale provides additional information. Insiders sold 9,154 shares of company stock valued at $3,132,798 in the last 90 days. Insiders own 0.08% of the company's stock.

More Home Depot News

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

• Positive Sentiment: Home Depot is expanding its AI-powered Magic Apron tools across all U.S. stores. The technology provides localized product searches and project assistance, potentially improving customer engagement and supporting the company’s “Pro” growth strategy. Some analysis estimates the stock could be roughly 15% undervalued if that growth narrative gains traction. Home Depot Could Be 15% Undervalued On Its Pro Growth Narrative
• Positive Sentiment: The retailer’s latest quarterly results exceeded expectations, with earnings of $4.92 per share versus the $4.73 consensus and revenue of $47.86 billion, up 5.7% year over year. Analysts maintain a “Moderate Buy” consensus rating and an average price target above the current trading level.
• Positive Sentiment: Home Depot is scheduled to pay a quarterly dividend of $2.33 per share on September 17 to shareholders of record on September 3. The annualized dividend is $9.32, representing a yield of approximately 2.8%.
• Neutral Sentiment: Chief Financial Officer Richard McPhail and merchandising executive Billy Bastek will present at the Goldman Sachs Global Consumer and Retail Conference on September 15. Investors may look for updated commentary on demand, housing trends, and the professional business. The Home Depot to Present at the Goldman Sachs Global Consumer and Retail Conference
• Negative Sentiment: High mortgage rates continue to discourage homeowners from moving, with the probability of changing residences reaching a record-low 13.5%. Home Depot reportedly sees “no sign” of a housing-market turnaround, which weighs on renovation and big-ticket project demand. Americans Stop Moving as Mortgage Lock-In Persists
• Negative Sentiment: DIY demand remains weak as consumers defer larger home-improvement projects. Digital sales, broader category gains, and higher big-ticket sales provide some offset, but continued consumer caution is a near-term concern. Home Depot Faces Weak DIY Demand
• Negative Sentiment: Executive Vice President Teresa Wynn Roseborough sold 2,455 shares valued at approximately $807,000, reducing her direct ownership by 14.86%. While a single insider sale does not establish a trend, it may add modest pressure to investor sentiment. Teresa Wynn Roseborough Sells Shares of Home Depot

Home Depot Trading Down 2.5%

Shares of HD opened at $319.70 on Wednesday. The firm has a market cap of $318.96 billion, a P/E ratio of 22.37, a price-to-earnings-growth ratio of 3.61 and a beta of 0.96. 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 Home Depot, Inc. has a 1 year low of $289.10 and a 1 year high of $426.75. The company has a 50 day simple moving average of $340.90 and a two-hundred day simple moving average of $337.53.

Home Depot (NYSE:HD - Get Free Report) last released its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 EPS for the quarter, topping the consensus estimate of $4.73 by $0.19. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. The firm had revenue of $47.86 billion for the quarter, compared to the consensus estimate of $47.24 billion. During the same quarter in the previous year, the firm earned $4.68 earnings per share. The company's quarterly revenue was up 5.7% compared to the same quarter last year. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, equities analysts expect that The Home Depot, Inc. will post 15 earnings per share for the current fiscal year.

Home Depot Announces Dividend

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

Home Depot 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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