Sequoia Financial Advisors LLC Grows Stock Holdings in The Home Depot, Inc. $HD

Key Points

• Sequoia Financial Advisors increased its Home Depot stake by 4.9% in the second quarter, bringing its holdings to 229,708 shares valued at approximately $81 million. Institutional investors collectively own 70.86% of the company.
• Home Depot reported quarterly EPS of $4.92, exceeding estimates of $4.73, while revenue rose 5.7% year over year to $47.86 billion. The company also declared a quarterly dividend of $2.33 per share, equivalent to a 3.0% annual yield.
• Shares recently traded at $310.74, below the average analyst price target of $375.18; analysts’ consensus rating is “Moderate Buy.” However, insiders sold 9,154 shares worth about $3.13 million over the past 90 days.

Sequoia Financial Advisors LLC grew its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 4.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 229,708 shares of the home improvement retailer's stock after purchasing an additional 10,654 shares during the period. Sequoia Financial Advisors LLC's holdings in Home Depot were worth $81,013,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Parvin Asset Management LLC lifted its position in shares of Home Depot by 110.0% during the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer's stock worth $26,000 after purchasing an additional 33 shares during the last quarter. Zeit Capital LLC purchased a new position in Home Depot in the second quarter worth $26,000. Advocate Investing Services LLC purchased a new stake in shares of Home Depot during the fourth quarter worth about $25,000. Cache Advisors LLC purchased a new stake in shares of Home Depot during the first quarter valued at $27,000. Finally, Imprint Wealth LLC purchased a new position in shares of Home Depot in the third quarter worth about $34,000. Institutional investors own 70.86% of the company's stock.

Home Depot Trading Down 0.9%

NYSE:HD opened at $310.74 on Thursday. The stock's 50 day moving average price is $337.16 and its 200 day moving average price is $334.61. The Home Depot, Inc. has a 52-week low of $289.10 and a 52-week high of $426.75. 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 company has a market capitalization of $310.02 billion, a PE ratio of 21.75, a P/E/G ratio of 3.45 and a beta of 0.95.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 last year, the company posted $4.68 earnings per share. The business's revenue was up 5.7% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, research analysts anticipate that The Home Depot, Inc. will post 15 EPS for the current year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders 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 3.0%. The ex-dividend date of this dividend is Thursday, September 3rd. Home Depot's dividend payout ratio is 65.22%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. cut their price target on Home Depot from $423.00 to $396.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 20th. Evercore dropped their target price on shares of Home Depot from $415.00 to $400.00 and set an "outperform" rating for the company in a report on Wednesday, May 20th. Telsey Advisory Group decreased their target price on shares of Home Depot from $435.00 to $410.00 and set an "outperform" rating on the stock in a report on Wednesday, May 20th. KeyCorp reissued a "sector weight" rating on shares of Home Depot in a research report on Wednesday, August 19th. Finally, Robert W. Baird decreased their price target on Home Depot from $430.00 to $380.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 20th. Eighteen investment 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 MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $375.18.

Insider Activity at Home Depot

In other Home Depot news, EVP Michael Rowe sold 710 shares of the stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $336.76, for a total value of $239,099.60. Following the completion of the transaction, the executive vice president directly owned 6,838 shares of the company's stock, valued at approximately $2,302,764.88. This trade represents a 9.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Teresa Roseborough sold 2,455 shares of the business's stock in a transaction dated 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 in the company, valued at $4,622,834.97. This represents a 14.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 9,154 shares of company stock worth $3,132,798 over the last 90 days. 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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