The Home Depot, Inc. $HD Shares Bought by MRA Advisory Group

Key Points

• MRA Advisory Group increased its Home Depot stake by 304.4% in the second quarter, owning 4,412 shares valued at approximately $1.56 million. Institutional investors collectively hold 70.86% of the company.
• Analysts maintain a generally positive outlook, with 18 Buy, 13 Hold and one Sell rating. Home Depot has a “Moderate Buy” consensus rating and an average price target of $371.71.
• Home Depot exceeded quarterly expectations with $3.43 EPS and $41.77 billion in revenue, up 4.8% year over year. The company also declared a quarterly dividend of $2.33, equivalent to a 2.6% annual yield.

MRA Advisory Group grew its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 304.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,412 shares of the home improvement retailer's stock after purchasing an additional 3,321 shares during the period. MRA Advisory Group's holdings in Home Depot were worth $1,556,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Norges Bank purchased a new stake in Home Depot during the fourth quarter worth about $4,850,329,000. Wellington Management Group LLP increased its holdings in Home Depot by 60.8% in the third 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 buying an additional 3,836,051 shares in the last quarter. Cardano Risk Management B.V. lifted its position 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 valued at $1,132,275,000 after acquiring an additional 2,961,979 shares during the period. Diamant Asset Management Inc. lifted its position in shares of Home Depot by 33,026.3% during the 1st quarter. Diamant Asset Management Inc. now owns 2,342,026 shares of the home improvement retailer's stock valued at $770,269,000 after acquiring an additional 2,334,956 shares during the period. Finally, J. Stern & Co. LLP boosted its stake in shares of Home Depot by 14,869.3% during the 4th 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 in the last quarter. Hedge funds and other institutional investors own 70.86% of the company's stock.

Wall Street Analysts Forecast Growth

HD has been the topic of a number of research reports. Morgan Stanley lowered their price target on Home Depot from $420.00 to $400.00 and set an "overweight" rating on the stock in a report on Wednesday, May 20th. Sanford C. Bernstein reaffirmed a "market perform" rating and set a $346.00 price objective on shares of Home Depot in a report on Wednesday, May 20th. The Goldman Sachs Group decreased their target price on Home Depot from $409.00 to $390.00 and set a "buy" rating on the stock in a research report on Wednesday, May 20th. Robert W. Baird lowered their target price on Home Depot from $430.00 to $380.00 and set an "outperform" rating on the stock in a report on Wednesday, May 20th. Finally, UBS Group dropped their price target on Home Depot from $450.00 to $430.00 and set a "buy" rating for the company in a research report on Wednesday, May 20th. 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $371.71.

Home Depot Trading Up 1.7%

Shares of HD opened at $355.41 on Friday. The company has a debt-to-equity ratio of 3.23, a current ratio of 1.04 and a quick ratio of 0.28. The Home Depot, Inc. has a 1-year low of $289.10 and a 1-year high of $426.75. The stock has a market cap of $354.39 billion, a price-to-earnings ratio of 25.24, a price-to-earnings-growth ratio of 4.03 and a beta of 0.95. The firm has a 50 day simple moving average of $335.75 and a 200-day simple moving average of $343.09.

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

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders 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 was Thursday, June 4th. Home Depot's dividend payout ratio is currently 66.19%.

About Home Depot

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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