The Home Depot, Inc. $HD Shares Acquired by Alta Advisers Ltd

Key Points

• Alta Advisers increased its Home Depot stake by 83.7% in the third quarter, ending the period with 7,130 shares valued at about $2.03 million. Several other institutional investors also added shares; institutions own 70.86% of the company.
• Home Depot beat quarterly estimates, reporting EPS of $4.92 and revenue of $47.86 billion, up 5.7% year over year. Analysts’ consensus rating is Moderate Buy, with an average price target of $375.31.
• Housing-market weakness and customer hesitation around large projects remain concerns, while rising input and fuel costs may pressure margins. The company’s quarterly dividend is $2.33 per share, equivalent to a 2.7% yield at the article’s cited price.

Alta Advisers Ltd grew its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 83.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,130 shares of the home improvement retailer's stock after buying an additional 3,249 shares during the period. Alta Advisers Ltd's holdings in Home Depot were worth $2,028,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of HD. Principle Wealth Partners LLC lifted its stake in shares of Home Depot by 0.9% in the 3rd quarter. Principle Wealth Partners LLC now owns 41,658 shares of the home improvement retailer's stock valued at $11,851,000 after purchasing an additional 360 shares during the last quarter. Kestra Advisory Services LLC lifted its position in Home Depot by 5.9% in the third quarter. Kestra Advisory Services LLC now owns 185,062 shares of the home improvement retailer's stock worth $52,648,000 after buying an additional 10,381 shares during the last quarter. Claro Advisors Inc. lifted its position in Home Depot by 6.1% in the third quarter. Claro Advisors Inc. now owns 12,669 shares of the home improvement retailer's stock worth $3,604,000 after buying an additional 728 shares during the last quarter. REAP Financial Group LLC boosted its stake in Home Depot by 7.8% during the third quarter. REAP Financial Group LLC now owns 1,212 shares of the home improvement retailer's stock worth $345,000 after buying an additional 88 shares during the period. Finally, Telos Capital Management Inc. boosted its stake in Home Depot by 0.7% during the third quarter. Telos Capital Management Inc. now owns 63,845 shares of the home improvement retailer's stock worth $18,163,000 after buying an additional 426 shares during the period. Hedge funds and other institutional investors own 70.86% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. UBS Group reiterated a "buy" rating on shares of Home Depot in a research report on Thursday, September 17th. KeyCorp restated a "sector weight" rating on shares of Home Depot in a report on Wednesday, August 19th. Jefferies Financial Group reaffirmed a "buy" rating and set a $398.00 price target on shares of Home Depot in a research note on Tuesday, August 18th. TD Cowen reiterated a "buy" rating on shares of Home Depot in a report on Monday, August 10th. Finally, Argus reiterated a "buy" rating and set a $400.00 price target on shares of Home Depot in a report on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Home Depot currently has a consensus rating of "Moderate Buy" and an average target price of $375.31.

Insider Activity

In other news, CAO Kimberly R. Scardino sold 675 shares of the firm's stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $305.95, for a total value of $206,516.25. Following the sale, the chief accounting officer directly owned 8,189 shares in the company, valued at approximately $2,505,424.55. This trade represents a 7.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Teresa Roseborough sold 2,455 shares of Home Depot stock in a transaction that occurred 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 transaction, the executive vice president directly owned 14,061 shares in the company, valued at approximately $4,622,834.97. The trade was a 14.86% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 9,829 shares of company stock valued at $3,339,314. Company insiders own 0.08% of the company's stock.

Home Depot Price Performance

Home Depot stock opened at $349.96 on Friday. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.08 and a quick ratio of 0.31. The stock has a market cap of $349.15 billion, a price-to-earnings ratio of 24.00, a price-to-earnings-growth ratio of 2.53 and a beta of 0.93. The firm has a 50-day moving average of $309.12 and a two-hundred day moving average of $334.24. The Home Depot, Inc. has a 1 year low of $277.15 and a 1 year high of $397.63.

Home Depot (NYSE:HD - Get Free Report) last issued its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 EPS for the quarter, topping analysts' consensus estimates of $4.73 by $0.19. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. The business had revenue of $47.86 billion for the quarter, compared to analyst estimates of $47.24 billion. During the same period last year, the company posted $4.68 earnings per share. The company's quarterly revenue 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, research analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd were issued a $2.33 dividend. The ex-dividend date was Thursday, September 3rd. This represents a $9.32 dividend on an annualized basis and a yield of 2.7%. Home Depot's payout ratio is currently 65.22%.

Home Depot News Roundup

Here are the key news stories impacting Home Depot this week:

• Positive Sentiment: After the midterm elections, housing-related stocks rallied as Treasury yields eased and investors anticipated lower borrowing costs and potential housing-affordability measures. That backdrop has renewed interest in Home Depot and helped lift its shares recently. Home Depot jumped, what is driving attention now?
• Neutral Sentiment: Home Depot joined other companies objecting to a proposed tokenized-stock venue. The reports give no reason for the objection or indication of a direct effect on the retailer’s operations. Apple and Home Depot join list of objectors to tokenized stock plan
• Negative Sentiment: The housing backdrop remains a concern: housing turnover is historically weak, and Home Depot’s management has indicated that customers are waiting for greater certainty before taking on big projects. One reason to buy Home Depot stock during a weak housing market
• Negative Sentiment: Analysts have flagged potential margin headwinds from rising input and fuel costs, as well as acquisition-related product mix, despite tariff refunds supporting recent margins. Home Depot's margin outlook faces inflationary headwinds

Home Depot Profile

The Home Depot, Inc is a home improvement retailer serving do-it-yourself customers, professional contractors, and other building and maintenance professionals. The company sells a broad selection of building materials, hardware, tools, appliances, paint, plumbing and electrical supplies, flooring, lighting, lawn and garden products, and home décor.

In addition to merchandise, Home Depot offers services such as product delivery, tool and equipment rental, credit services, and installation for selected products.

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