IFP Advisors Inc Has $15.08 Million Holdings in The Home Depot, Inc. $HD

Key Points

• IFP Advisors increased its Home Depot stake by 12.5% in the second quarter, holding 42,759 shares valued at approximately $15.08 million. Institutional investors and hedge funds collectively own 70.86% of the company.
• Analyst sentiment remains positive, with Home Depot receiving a consensus “Moderate Buy” rating and an average price target of $375.54 from 32 analysts.
• Home Depot exceeded quarterly expectations, reporting $4.92 in EPS and $47.86 billion in revenue, while declaring a quarterly dividend of $2.33, equivalent to a 3.0% annualized yield.

IFP Advisors Inc lifted its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 12.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,759 shares of the home improvement retailer's stock after acquiring an additional 4,764 shares during the period. IFP Advisors Inc's holdings in Home Depot were worth $15,080,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Curio Wealth LLC boosted its stake in Home Depot by 13.5% in the 4th quarter. Curio Wealth LLC now owns 218 shares of the home improvement retailer's stock worth $76,000 after purchasing an additional 26 shares during the period. Moneco Advisors LLC raised its stake in shares of Home Depot by 0.3% in the 4th quarter. Moneco Advisors LLC now owns 8,743 shares of the home improvement retailer's stock valued at $3,008,000 after purchasing an additional 27 shares during the period. Noesis Capital Mangement Corp raised its stake in shares of Home Depot by 1.5% in the 4th quarter. Noesis Capital Mangement Corp now owns 1,770 shares of the home improvement retailer's stock valued at $609,000 after purchasing an additional 27 shares during the period. Eubel Brady & Suttman Asset Management Inc. lifted its holdings in shares of Home Depot by 1.3% in the fourth quarter. Eubel Brady & Suttman Asset Management Inc. now owns 2,130 shares of the home improvement retailer's stock valued at $733,000 after purchasing an additional 27 shares in the last quarter. Finally, Mill Capital Management LLC lifted its holdings in shares of Home Depot by 0.4% in the fourth quarter. Mill Capital Management LLC now owns 7,377 shares of the home improvement retailer's stock valued at $2,538,000 after purchasing an additional 27 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. DA Davidson reiterated a "buy" rating and set a $377.00 price objective on shares of Home Depot in a report on Wednesday, August 19th. Wells Fargo & Company boosted their target price on Home Depot from $360.00 to $400.00 and gave the company an "overweight" rating in a research note on Tuesday, August 11th. Wolfe Research downgraded Home Depot from an "outperform" rating to a "peer perform" rating in a research report on Tuesday, June 23rd. Stifel Nicolaus raised their price target on shares of Home Depot from $320.00 to $340.00 and gave the stock a "hold" rating in a research note on Monday, August 17th. Finally, Mizuho lifted their price objective on shares of Home Depot from $385.00 to $390.00 and gave the company an "outperform" rating in a report on Wednesday, August 19th. 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, Home Depot presently has a consensus rating of "Moderate Buy" and a consensus target price of $375.54.

Home Depot Price Performance

Shares of NYSE HD opened at $313.58 on Wednesday. The business's 50 day moving average price is $337.98 and its two-hundred day moving average price is $335.09. The company has a market cap of $312.86 billion, a PE ratio of 21.94, a price-to-earnings-growth ratio of 3.53 and a beta of 0.95. The company has a quick ratio of 0.31, a current ratio of 1.08 and a debt-to-equity ratio of 2.64. The Home Depot, Inc. has a twelve month low of $289.10 and a twelve month high of $426.75.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings data on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.73 by $0.19. Home Depot had a return on equity of 106.42% and a net margin of 8.41%.The firm had revenue of $47.86 billion for the quarter, compared to analyst estimates of $47.24 billion. During the same quarter in the prior year, the company earned $4.68 earnings per share. The business's revenue for the quarter 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, analysts predict that The Home Depot, Inc. will post 15 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Thursday, September 3rd will be paid a $2.33 dividend. This represents a $9.32 dividend on an annualized basis and a yield of 3.0%. 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 Roseborough sold 2,455 shares of the firm's stock in a transaction on Friday, August 28th. The stock was sold at an average price of $328.77, for a total transaction of $807,130.35. Following the completion of the sale, the executive vice president owned 14,061 shares of the company's stock, valued at $4,622,834.97. This trade represents a 14.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Richard McPhail sold 5,989 shares of Home Depot stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $348.40, for a total transaction of $2,086,567.60. Following the transaction, the chief financial officer directly owned 48,104 shares of the company's stock, valued at approximately $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. In the last quarter, insiders have sold 9,154 shares of company stock worth $3,132,798. Company insiders own 0.08% of the company's stock.

About Home Depot

The Home Depot, Inc is a home improvement retailer that sells building materials, appliances, decor, hardware, tools, paint, lawn and garden products, and related merchandise. The company serves do-it-yourself customers, professional contractors, homebuilders, and other commercial customers through its retail stores and digital platforms.

Home Depot also provides services such as equipment and tool rental, delivery, installation, and project support. Its professional-focused offerings include job-lot quantities, specialized products, credit services, and account support designed for contractors and other trade customers.

Founded in 1978 by Bernie Marcus, Arthur Blank, Ken Langone, and Pat Farrah, the company is headquartered in Atlanta, Georgia.

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