EFG International AG Invests $14.83 Million in The Home Depot, Inc. $HD

Key Points

• EFG International acquired 42,071 Home Depot shares during the second quarter, valued at approximately $14.83 million. Institutional investors and hedge funds collectively own 70.86% of the company.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus rating and an average price target of $375.54; ratings range from Buy to Sell.
• 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 per share, representing a 2.8% yield.

EFG International AG acquired a new position in The Home Depot, Inc. (NYSE:HD - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 42,071 shares of the home improvement retailer's stock, valued at approximately $14,832,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Bank of Nova Scotia acquired a new stake in shares of Home Depot during the second quarter worth $118,723,000. Gator Capital Management LLC acquired a new position in Home Depot in the fourth quarter valued at $3,693,000. King Luther Capital Management Corp increased its stake in Home Depot by 0.6% in the fourth quarter. King Luther Capital Management Corp now owns 1,240,478 shares of the home improvement retailer's stock valued at $426,848,000 after purchasing an additional 7,180 shares during the last quarter. E Fund Management Co. Ltd. purchased a new position in Home Depot during the second quarter worth about $3,915,000. Finally, Thompson Siegel & Walmsley LLC lifted its position in Home Depot by 320.4% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 11,292 shares of the home improvement retailer's stock worth $3,886,000 after buying an additional 8,606 shares during the period. 70.86% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Teresa Wynn Roseborough sold 2,455 shares of the firm's stock in a transaction on Friday, August 28th. The shares were sold at an average price of $328.77, for a total value of $807,130.35. Following the transaction, the executive vice president owned 14,061 shares of the company's stock, valued at approximately $4,622,834.97. This trade represents a 14.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Michael F. Rowe sold 710 shares of Home Depot 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 transaction, the executive vice president owned 6,838 shares in the company, valued at $2,302,764.88. The trade was a 9.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 9,154 shares of company stock worth $3,132,798 over the last ninety days. 0.08% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have issued reports on the company. DA Davidson reissued a "buy" rating and issued a $377.00 price target on shares of Home Depot in a research note on Wednesday, August 19th. Royal Bank Of Canada dropped their price objective on shares of Home Depot from $343.00 to $342.00 and set a "sector perform" rating for the company in a research note on Wednesday, August 19th. Jefferies Financial Group reiterated a "buy" rating and set a $398.00 price objective on shares of Home Depot in a report on Tuesday, August 18th. Oppenheimer decreased their target price on shares of Home Depot from $405.00 to $310.00 and set a "market perform" rating on the stock in a research report on Monday, May 18th. Finally, UBS Group lowered their target price on shares of Home Depot from $430.00 to $420.00 and set a "buy" rating for the company in a report on Wednesday, August 19th. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $375.54.

Home Depot Stock Performance

NYSE HD opened at $328.52 on Tuesday. The firm has a market capitalization of $327.76 billion, a P/E ratio of 22.99, a P/E/G 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. 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's 50-day simple moving average is $341.00 and its 200-day simple moving average is $338.03.

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

Home Depot Announces Dividend

The firm 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 2.8%. The ex-dividend date is Thursday, September 3rd. Home Depot's payout ratio is currently 65.22%.

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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