J. Goldman & Co LP Invests $13.43 Million in The Home Depot, Inc. $HD

Key Points

• J. Goldman & Co. LP acquired a new $13.43 million stake in Home Depot during the second quarter, buying 38,073 shares. Institutional investors collectively own 70.86% of the company.
• Home Depot’s latest quarterly results exceeded expectations, with EPS of $4.92 and revenue of $47.86 billion, up 5.7% year over year. The company declared a quarterly dividend of $2.33 per share, representing a 2.8% yield.
• Shares opened at $328.52, down 0.5%, while analysts maintained a broadly positive outlook with a consensus “Moderate Buy” rating and an average price target of $375.54. Recent insider activity was negative, with executives selling $3.13 million of stock over 90 days.

J. Goldman & Co LP purchased a new position in The Home Depot, Inc. (NYSE:HD - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 38,073 shares of the home improvement retailer's stock, valued at approximately $13,428,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. EFG International AG purchased a new stake in Home Depot in the 2nd quarter valued at about $14,832,000. Ancora Advisors LLC bought a new position in Home Depot in the 2nd quarter worth about $36,075,000. Delos Wealth Advisors LLC purchased a new position in shares of Home Depot during the second quarter worth approximately $65,000. Palisade Capital Management LP purchased a new position in shares of Home Depot during the second quarter worth approximately $8,238,000. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Home Depot during the second quarter worth approximately $728,507,000. Institutional investors own 70.86% of the company's stock.

Insider Buying and Selling at Home Depot

In other news, CFO Richard V. Mcphail sold 5,989 shares of the business'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 completion of the transaction, the chief financial officer directly owned 48,104 shares of the company's stock, valued at approximately $16,759,433.60. The trade was a 11.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Michael F. Rowe sold 710 shares of the company's stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $336.76, for a total value of $239,099.60. Following the sale, the executive vice president owned 6,838 shares of the company's stock, valued at $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 have sold 9,154 shares of company stock valued at $3,132,798. 0.08% of the stock is currently owned by corporate insiders.

Home Depot Trading Down 0.5%

NYSE:HD opened at $328.52 on Tuesday. The firm has a 50-day simple moving average of $341.00 and a 200-day simple moving average of $338.03. The Home Depot, Inc. has a one year low of $289.10 and a one year high of $426.75. The firm has a market cap 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 company has a debt-to-equity ratio of 2.64, a quick ratio of 0.31 and a current ratio of 1.08.

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 analysts' consensus estimates of $4.73 by $0.19. The firm had revenue of $47.86 billion for the quarter, compared to the consensus estimate of $47.24 billion. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. The company's quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the firm earned $4.68 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Equities analysts anticipate that The Home Depot, Inc. will post 15 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd will be given a dividend of $2.33 per share. This represents a $9.32 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Thursday, September 3rd. Home Depot's dividend payout ratio (DPR) is 65.22%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. The Goldman Sachs Group lowered their price target on Home Depot from $409.00 to $390.00 and set a "buy" rating for the company in a report on Wednesday, May 20th. Guggenheim restated a "buy" rating and set a $425.00 price objective on shares of Home Depot in a report on Wednesday, August 19th. Truist Financial lifted their target price on Home Depot from $369.00 to $373.00 and gave the company a "buy" rating in a research report on Wednesday, August 19th. Sanford C. Bernstein reiterated a "market perform" rating and issued a $354.00 target price on shares of Home Depot in a report on Wednesday, August 19th. Finally, TD Cowen reissued a "buy" rating on shares of Home Depot in a research report on Monday, August 10th. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $375.54.

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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