K.J. Harrison & Partners Inc Purchases Shares of 7,924 The Home Depot, Inc. $HD

Key Points

• K.J. Harrison & Partners acquired 7,924 Home Depot shares worth approximately $2.8 million in the second quarter. Institutional investors collectively own 70.86% of HD.
• Home Depot exceeded quarterly expectations, reporting $4.92 EPS versus the $4.73 consensus and $47.86 billion in revenue, up 5.7% year over year.
• The company declared a quarterly dividend of $2.33 per share, equivalent to an annualized $9.32 payout and a 2.8% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $375.54.

K.J. Harrison & Partners Inc acquired a new position in The Home Depot, Inc. (NYSE:HD - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 7,924 shares of the home improvement retailer's stock, valued at approximately $2,795,000.

Several other institutional investors have also recently made changes to their positions in HD. Advocate Investing Services LLC bought a new stake in shares of Home Depot during the fourth quarter valued at approximately $25,000. Zeit Capital LLC bought a new position in shares of Home Depot during the second quarter worth $26,000. Parvin Asset Management LLC grew its stake in Home Depot by 110.0% during the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer's stock valued at $26,000 after acquiring an additional 33 shares in the last quarter. Cache Advisors LLC purchased a new position in Home Depot during the first quarter valued at $27,000. Finally, Merkkuri Wealth Advisors LLC purchased a new stake in Home Depot in the 1st quarter worth $28,000. Hedge funds and other institutional investors own 70.86% of the company's stock.

Home Depot Trading Up 0.6%

HD stock opened at $337.54 on Tuesday. The Home Depot, Inc. has a twelve month low of $289.10 and a twelve month high of $426.75. The stock has a market capitalization of $336.56 billion, a price-to-earnings ratio of 23.62, a price-to-earnings-growth ratio of 3.70 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 firm's fifty day simple moving average is $341.02 and its two-hundred day simple moving average is $339.89.

Home Depot (NYSE:HD - Get Free Report) last released its earnings results 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 firm had revenue of $47.86 billion during the quarter, compared to analyst estimates of $47.24 billion. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. The business's revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the business earned $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, analysts anticipate that The Home Depot, Inc. will post 14.99 earnings per share 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 dividend of $2.33 per share. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Thursday, September 3rd. Home Depot's dividend payout ratio (DPR) is currently 65.22%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. KeyCorp restated a "sector weight" rating on shares of Home Depot in a report on Wednesday, August 19th. Citigroup cut their target price on shares of Home Depot from $450.00 to $400.00 and set a "buy" rating for the company in a report on Tuesday, May 12th. Wolfe Research downgraded shares of Home Depot from an "outperform" rating to a "peer perform" rating in a research note on Tuesday, June 23rd. Piper Sandler reduced their target price on shares of Home Depot from $422.00 to $421.00 and set an "overweight" rating on the stock in a report on Wednesday, May 20th. Finally, Stifel Nicolaus upped their target price on shares of Home Depot from $320.00 to $340.00 and gave the company a "hold" rating in a research report on Monday, August 17th. Eighteen 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. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $375.54.

Insider Activity

In related 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 transaction of $2,086,567.60. Following the completion of the transaction, the chief financial officer owned 48,104 shares in the company, valued at $16,759,433.60. The trade was a 11.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.08% of the company's stock.

Home Depot Company 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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