Councilmark Asset Management LLC Buys Shares of 16,433 The Home Depot, Inc. $HD

Key Points

• Councilmark Asset Management purchased 16,433 Home Depot shares worth approximately $5.8 million, making the stock its ninth-largest holding at 3.1% of its portfolio. Institutional investors collectively own 70.86% of Home Depot.
• Analysts maintain a broadly positive view, with 18 Buy, 13 Hold and one Sell rating; MarketBeat’s consensus is “Moderate Buy” with a $375.54 price target.
• Home Depot exceeded quarterly expectations, reporting $4.92 in EPS and $47.86 billion in revenue, while revenue rose 5.7% year over year. The company also declared a quarterly dividend of $2.33, equivalent to a 2.8% annualized yield.

Councilmark Asset Management LLC purchased a new stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 16,433 shares of the home improvement retailer's stock, valued at approximately $5,796,000. Home Depot accounts for approximately 3.1% of Councilmark Asset Management LLC's portfolio, making the stock its 9th biggest holding.

Several other institutional investors have also modified their holdings of the company. Bank of Nova Scotia acquired a new stake in Home Depot in the 2nd quarter valued at approximately $118,723,000. Gator Capital Management LLC bought a new stake in Home Depot during the 4th quarter valued at $3,693,000. King Luther Capital Management Corp boosted its position in Home Depot by 0.6% during the 4th quarter. King Luther Capital Management Corp now owns 1,240,478 shares of the home improvement retailer's stock worth $426,848,000 after acquiring an additional 7,180 shares during the period. E Fund Management Co. Ltd. acquired a new position in Home Depot during the 2nd quarter worth $3,915,000. Finally, Thompson Siegel & Walmsley LLC grew its stake in shares of Home Depot by 320.4% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 11,292 shares of the home improvement retailer's stock worth $3,886,000 after purchasing an additional 8,606 shares in the last quarter. Institutional investors own 70.86% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on HD shares. Evercore lowered their price target on Home Depot from $415.00 to $400.00 and set an "outperform" rating on the stock in a report on Wednesday, May 20th. Piper Sandler reduced their price objective 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. BNP Paribas Exane decreased their target price on shares of Home Depot from $348.00 to $325.00 and set a "neutral" rating for the company in a research report on Tuesday, May 19th. Telsey Advisory Group lowered their target price on shares of Home Depot from $435.00 to $410.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 20th. Finally, TD Cowen restated a "buy" rating on shares of Home Depot in a research report on Monday, August 10th. 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 company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $375.54.

Home Depot Price Performance

NYSE HD opened at $328.52 on Tuesday. The stock's 50-day moving average price is $341.00 and its two-hundred day moving average price is $338.03. 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 $327.76 billion, a PE ratio of 22.99, a PEG ratio of 3.64 and a beta of 0.95. The Home Depot, Inc. has a 1 year low of $289.10 and a 1 year high of $426.75.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings data 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 net margin of 8.41% and a return on equity of 106.42%. The company had revenue of $47.86 billion during the quarter, compared to analyst estimates of $47.24 billion. During the same period in the prior year, the firm earned $4.68 earnings per share. The business's quarterly 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, analysts predict that The Home Depot, Inc. will post 15 EPS for the current year.

Home Depot Announces Dividend

The company also recently declared 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 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Thursday, September 3rd. Home Depot's dividend payout ratio is 65.22%.

Insider Activity at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 2,455 shares of Home Depot stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $328.77, for a total transaction of $807,130.35. Following the transaction, the executive vice president directly owned 14,061 shares in the company, valued at approximately $4,622,834.97. The trade was a 14.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Michael F. Rowe sold 710 shares of the business's stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $336.76, for a total transaction of $239,099.60. Following the sale, the executive vice president directly owned 6,838 shares in the company, valued at approximately $2,302,764.88. This trade represents a 9.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 9,154 shares of company stock worth $3,132,798. 0.08% of the stock is owned by corporate insiders.

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.

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