The Home Depot, Inc. $HD Shares Bought by NewEdge Advisors LLC

Key Points

• NewEdge Advisors increased its Home Depot stake by 1.9% in the second quarter, adding 8,721 shares to hold 472,273 shares valued at approximately $166.6 million. Institutional investors and hedge funds collectively own 70.86% of HD.
• 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 $375.54.
• Home Depot’s latest quarterly results exceeded expectations, with $4.92 EPS and $47.86 billion in revenue, up 5.7% year over year. The company also declared a quarterly dividend of $2.33 per share, representing a 3.0% annualized yield.

NewEdge Advisors LLC grew its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 1.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 472,273 shares of the home improvement retailer's stock after buying an additional 8,721 shares during the quarter. NewEdge Advisors LLC's holdings in Home Depot were worth $166,561,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in HD. Parvin Asset Management LLC raised its holdings in Home Depot by 110.0% in 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. Zeit Capital LLC purchased a new stake in shares of Home Depot in the 2nd quarter valued at approximately $26,000. Advocate Investing Services LLC acquired a new stake in shares of Home Depot in the 4th quarter valued at $25,000. Cache Advisors LLC purchased a new stake in shares of Home Depot during the 1st quarter worth $27,000. Finally, Imprint Wealth LLC acquired a new position in shares of Home Depot during the third quarter worth $34,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

HD has been the topic of a number of analyst reports. HSBC cut their price target on Home Depot from $392.00 to $310.00 and set a "hold" rating on the stock in a research note on Wednesday, May 20th. Sanford C. Bernstein restated a "market perform" rating and issued a $354.00 price objective on shares of Home Depot in a research note on Wednesday, August 19th. DA Davidson reiterated a "buy" rating and issued a $377.00 price objective on shares of Home Depot in a research report on Wednesday, August 19th. Gordon Haskett increased their target price on Home Depot from $320.00 to $330.00 in a research note on Friday, June 12th. Finally, Jefferies Financial Group reiterated a "buy" rating and issued a $398.00 price target on shares of Home Depot in a report on Tuesday, August 18th. Eighteen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Home Depot has an average rating of "Moderate Buy" and an average price target of $375.54.

Home Depot Stock Down 2.3%

Shares of Home Depot stock opened at $313.58 on Wednesday. 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 has a market cap of $312.86 billion, a P/E ratio of 21.94, a P/E/G ratio of 3.53 and a beta of 0.95. The Home Depot, Inc. has a fifty-two week low of $289.10 and a fifty-two week high of $426.75. The business has a 50-day moving average price of $337.98 and a 200 day moving average price of $335.09.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings data 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. 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 analysts' expectations of $47.24 billion. During the same period last year, the business posted $4.68 earnings per share. The firm's revenue for the quarter 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, sell-side analysts forecast that The Home Depot, Inc. will post 15 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Thursday, September 3rd will be given a dividend of $2.33 per share. The ex-dividend date is Thursday, September 3rd. This represents a $9.32 dividend on an annualized basis and a yield of 3.0%. Home Depot's payout ratio is currently 65.22%.

Insider Activity

In related news, EVP Teresa Roseborough sold 2,455 shares of the stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $328.77, for a total value of $807,130.35. Following the completion of the transaction, the executive vice president directly owned 14,061 shares of the company's stock, valued at $4,622,834.97. This represents a 14.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Richard V. Mcphail sold 5,989 shares of the firm's stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $348.40, for a total value of $2,086,567.60. Following the transaction, the chief financial officer directly owned 48,104 shares in the company, valued at $16,759,433.60. This trade represents a 11.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 9,154 shares of company stock valued at $3,132,798. 0.08% of the stock is currently owned by company insiders.

Home Depot Company Profile

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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