Financial Alternatives Inc bought a new stake in The Home Depot, Inc. (NYSE:HD - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 6,039 shares of the home improvement retailer's stock, valued at approximately $2,130,000. Home Depot accounts for about 1.0% of Financial Alternatives Inc's portfolio, making the stock its 12th largest holding.
Several other large investors have also recently added to or reduced their stakes in HD. BlackRock Inc. purchased a new position in Home Depot in the 2nd quarter worth approximately $28,771,247,000. Norges Bank acquired a new position in shares of Home Depot during the fourth quarter worth $4,850,329,000. Bank of New York Mellon Corp purchased a new position in shares of Home Depot in the second quarter valued at $2,777,396,000. Wellington Management Group LLP grew its holdings in Home Depot by 60.8% during the 3rd quarter. Wellington Management Group LLP now owns 10,143,089 shares of the home improvement retailer's stock valued at $4,109,878,000 after purchasing an additional 3,836,051 shares in the last quarter. Finally, Cardano Risk Management B.V. increased its stake in Home Depot by 901.5% during the 4th quarter. Cardano Risk Management B.V. now owns 3,290,540 shares of the home improvement retailer's stock worth $1,132,275,000 after buying an additional 2,961,979 shares during the period. 70.86% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Home Depot
In other Home Depot news, CFO Richard V. Mcphail sold 5,989 shares of the company's stock in a transaction on 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 transaction, the chief financial officer owned 48,104 shares of the company's stock, valued at approximately $16,759,433.60. This represents a 11.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.08% of the company's stock.
Analyst Ratings Changes
HD has been the topic of several recent analyst reports. Gordon Haskett boosted their price target on Home Depot from $320.00 to $330.00 in a research note on Friday, June 12th. TD Cowen reiterated a "buy" rating on shares of Home Depot in a research note on Monday, August 10th. Truist Financial raised their price objective on shares of Home Depot from $369.00 to $373.00 and gave the stock a "buy" rating in a report on Wednesday, August 19th. Stifel Nicolaus lifted their price target on Home Depot from $320.00 to $340.00 and gave the stock a "hold" rating in a research note on Monday, August 17th. Finally, The Goldman Sachs Group cut their price objective on Home Depot from $409.00 to $390.00 and set a "buy" rating on the stock in a research note on Wednesday, May 20th. Eighteen research 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $375.54.
Check Out Our Latest Research Report on HD
Home Depot Stock Performance
Shares of HD opened at $334.97 on Thursday. The firm has a fifty day moving average of $341.18 and a 200-day moving average of $339.21. The company has a market cap of $334.01 billion, a price-to-earnings ratio of 23.44, a price-to-earnings-growth ratio of 3.72 and a beta of 0.95. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.31 and a current ratio of 1.08. 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 issued 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 business had revenue of $47.86 billion during the quarter, compared to the consensus estimate of $47.24 billion. Home Depot had a return on equity of 106.42% and a net margin of 8.41%.The business's revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the firm posted $4.68 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, equities analysts anticipate that The Home Depot, Inc. will post 14.99 earnings per share for the current year.
Home Depot Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd will be given a $2.33 dividend. The ex-dividend date is Thursday, September 3rd. This represents a $9.32 annualized dividend and a yield of 2.8%. Home Depot's payout ratio is 65.22%.
More Home Depot News
Here are the key news stories impacting Home Depot this week:
- Positive Sentiment: Home Depot reported fiscal second-quarter revenue of $47.86 billion, up 5.7% year over year and ahead of consensus estimates. Adjusted diluted EPS of $4.92 also exceeded the $4.73 analyst expectation. Home Depot Beat Q2 Estimates
- Positive Sentiment: A nationwide three-hour delivery service could help HD compete with Walmart and Target for e-commerce orders, improve convenience and support sales of home-improvement products. Home Depot Three-Hour Delivery
- Positive Sentiment: Analysts and investor-focused commentary continue to highlight Home Depot’s 17-year dividend growth streak and long-term shareholder returns, offering support while investors wait for housing conditions to improve. Home Depot Dividend Streak
Home Depot Company Profile
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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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