The Home Depot, Inc. $HD Shares Bought by Insight Wealth Strategies LLC

Key Points

• Insight Wealth Strategies increased its Home Depot stake by 34.7% in the second quarter, adding 5,547 shares to own 21,512 shares valued at approximately $7.5 million. Institutional investors collectively hold 70.86% of the company’s stock.
• Home Depot exceeded quarterly expectations with earnings of $3.43 per share and revenue of $41.77 billion, while revenue grew 4.8% year over year. The company also pays a quarterly dividend of $2.33, equivalent to a 2.6% annual yield.
• Analyst sentiment remains favorable, with a consensus rating of “Moderate Buy” and an average price target of $373.14, compared with the reported opening price of $353.65.

Insight Wealth Strategies LLC grew its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 34.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,512 shares of the home improvement retailer's stock after acquiring an additional 5,547 shares during the quarter. Insight Wealth Strategies LLC's holdings in Home Depot were worth $7,547,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in HD. Norges Bank acquired a new position in Home Depot in the 4th quarter valued at about $4,850,329,000. Wellington Management Group LLP lifted its holdings in Home Depot by 60.8% in the 3rd quarter. Wellington Management Group LLP now owns 10,143,089 shares of the home improvement retailer's stock valued at $4,109,878,000 after purchasing an additional 3,836,051 shares in the last quarter. Cardano Risk Management B.V. boosted its stake in shares of Home Depot by 901.5% during the 4th quarter. Cardano Risk Management B.V. now owns 3,290,540 shares of the home improvement retailer's stock worth $1,132,275,000 after purchasing an additional 2,961,979 shares during the last quarter. Diamant Asset Management Inc. boosted its position in Home Depot by 33,026.3% during the first quarter. Diamant Asset Management Inc. now owns 2,342,026 shares of the home improvement retailer's stock worth $770,269,000 after acquiring an additional 2,334,956 shares during the last quarter. Finally, J. Stern & Co. LLP boosted its position in Home Depot by 14,869.3% during the fourth quarter. J. Stern & Co. LLP now owns 2,232,521 shares of the home improvement retailer's stock worth $768,210,000 after acquiring an additional 2,217,607 shares during the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Stock Performance

Shares of HD stock opened at $353.65 on Wednesday. The Home Depot, Inc. has a one year low of $289.10 and a one year high of $426.75. The company has a debt-to-equity ratio of 3.23, a quick ratio of 0.28 and a current ratio of 1.04. The company has a 50 day moving average price of $337.39 and a 200 day moving average price of $342.43. The firm has a market capitalization of $352.63 billion, a price-to-earnings ratio of 25.12, a price-to-earnings-growth ratio of 4.05 and a beta of 0.95.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share for the quarter, beating analysts' consensus estimates of $3.41 by $0.02. The company had revenue of $41.77 billion for the quarter, compared to analyst estimates of $41.59 billion. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. Home Depot's revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter last year, the business earned $3.56 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Sell-side analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were given a $2.33 dividend. This represents a $9.32 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Thursday, June 4th. Home Depot's dividend payout ratio (DPR) is 66.19%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on HD. Robert W. Baird cut their price target on Home Depot from $430.00 to $380.00 and set an "outperform" rating for the company in a report on Wednesday, May 20th. TD Cowen reissued a "buy" rating on shares of Home Depot in a research note on Monday. Jefferies Financial Group decreased their price objective on Home Depot from $361.00 to $360.00 and set a "buy" rating on the stock in a report on Thursday, June 4th. Citigroup lowered their price objective on Home Depot from $450.00 to $400.00 and set a "buy" rating for the company in a research report on Tuesday, May 12th. Finally, Piper Sandler dropped their target price on Home Depot from $422.00 to $421.00 and set an "overweight" rating for the company in a research note on Wednesday, May 20th. Eighteen research 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 data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $373.14.

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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