Gradient Investments LLC Purchases 8,220 Shares of The Home Depot, Inc. $HD

Key Points

• Gradient Investments increased its Home Depot position by 21% in the second quarter, adding 8,220 shares for a total of 47,348 shares valued at approximately $16.7 million. Institutional investors collectively own 70.86% of HD.
• Home Depot reported quarterly EPS of $3.43 and revenue of $41.77 billion, slightly exceeding analyst expectations, while revenue rose 4.8% year over year. Analysts expect approximately $15.01 in full-year EPS.
• The company maintains a quarterly dividend of $2.33, equivalent to $9.32 annually and a 2.6% yield. Analysts’ consensus rating is “Moderate Buy”, with an average price target of $371.71 versus the reported opening price of $355.41.

Gradient Investments LLC lifted its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 21.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 47,348 shares of the home improvement retailer's stock after buying an additional 8,220 shares during the period. Gradient Investments LLC's holdings in Home Depot were worth $16,699,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of HD. Vanguard Group Inc. increased its position in Home Depot by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 99,635,779 shares of the home improvement retailer's stock valued at $34,284,672,000 after buying an additional 1,325,748 shares in the last quarter. State Street Corp boosted its holdings in Home Depot by 1.8% in the fourth quarter. State Street Corp now owns 46,925,342 shares of the home improvement retailer's stock worth $16,147,010,000 after acquiring an additional 825,164 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Home Depot by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 23,756,142 shares of the home improvement retailer's stock worth $8,151,344,000 after acquiring an additional 343,153 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Home Depot by 1.6% during the first quarter. Bank of America Corp DE now owns 16,314,357 shares of the home improvement retailer's stock worth $5,365,629,000 after acquiring an additional 250,825 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Home Depot by 7.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 15,471,132 shares of the home improvement retailer's stock worth $5,323,620,000 after acquiring an additional 1,113,114 shares during the last quarter. Institutional investors own 70.86% of the company's stock.

Home Depot Stock Performance

HD opened at $355.41 on Friday. The firm has a fifty day moving average price of $335.75 and a 200 day moving average price of $343.09. The company has a debt-to-equity ratio of 3.23, a current ratio of 1.04 and a quick ratio of 0.28. The Home Depot, Inc. has a 1 year low of $289.10 and a 1 year high of $426.75. The stock has a market cap of $354.39 billion, a P/E ratio of 25.24, a P/E/G ratio of 4.11 and a beta of 0.95.

Home Depot (NYSE:HD - Get Free Report) last posted its earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 EPS for the quarter, beating analysts' consensus estimates of $3.41 by $0.02. The firm had revenue of $41.77 billion for the quarter, compared to analysts' expectations of $41.59 billion. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The company's quarterly revenue was up 4.8% on a year-over-year basis. During the same period last year, the firm earned $3.56 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Equities research analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were issued a $2.33 dividend. This represents a $9.32 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Thursday, June 4th. Home Depot's payout ratio is presently 66.19%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on HD shares. Jefferies Financial Group decreased their price objective on shares of Home Depot from $361.00 to $360.00 and set a "buy" rating for the company in a research report on Thursday, June 4th. Citigroup dropped their target price on shares of Home Depot from $450.00 to $400.00 and set a "buy" rating on the stock in a research report on Tuesday, May 12th. Truist Financial cut their price target on shares of Home Depot from $394.00 to $369.00 and set a "buy" rating on the stock in a research note on Tuesday, May 19th. Evercore lowered their price objective on shares of Home Depot from $415.00 to $400.00 and set an "outperform" rating for the company in a research note on Wednesday, May 20th. Finally, Robert W. Baird dropped their price objective on shares of Home Depot from $430.00 to $380.00 and set an "outperform" rating on the stock in a report on Wednesday, May 20th. Eighteen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $371.71.

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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