The Home Depot, Inc. $HD Shares Newly Purchased by XML Financial LLC

Key Points

• XML Financial LLC acquired 7,379 Home Depot shares worth approximately $2.1 million in the third quarter. Institutional investors collectively own 70.86% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $375.31; recent targets range as high as $400.
• Home Depot exceeded quarterly expectations, reporting $4.92 in adjusted EPS and $47.86 billion in revenue, while revenue rose 5.7% year over year. The company also pays a quarterly dividend of $2.33, equivalent to a 2.7% annualized yield.

XML Financial LLC acquired a new stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,379 shares of the home improvement retailer's stock, valued at approximately $2,099,000.

A number of other institutional investors also recently bought and sold shares of the company. Zeit Capital LLC purchased a new stake in shares of Home Depot during the 2nd quarter valued at about $26,000. Principia Wealth Advisory LLC lifted its stake in shares of Home Depot by 60.4% in the 2nd quarter. Principia Wealth Advisory LLC now owns 85 shares of the home improvement retailer's stock worth $30,000 after purchasing an additional 32 shares during the period. Navigoe LLC purchased a new position in shares of Home Depot in the second quarter worth approximately $32,000. Livelsberger Financial Advisory purchased a new position in shares of Home Depot in the third quarter worth approximately $32,000. Finally, Gould Capital LLC grew its position in Home Depot by 58.7% during the first quarter. Gould Capital LLC now owns 100 shares of the home improvement retailer's stock valued at $33,000 after buying an additional 37 shares during the period. Institutional investors own 70.86% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Wells Fargo & Company increased their price target on shares of Home Depot from $360.00 to $400.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 11th. UBS Group reissued a "buy" rating on shares of Home Depot in a research report on Thursday, September 17th. Royal Bank Of Canada reduced their price objective on Home Depot from $343.00 to $342.00 and set a "sector perform" rating for the company in a research note on Wednesday, August 19th. Melius Research set a $397.00 target price on Home Depot in a report on Tuesday, October 6th. Finally, Jefferies Financial Group reaffirmed a "buy" rating and issued a $398.00 target price on shares of Home Depot in a report on Tuesday, August 18th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $375.31.

Insiders Place Their Bets

In other Home Depot news, EVP Michael Rowe sold 710 shares of the company's stock in a transaction that occurred on Wednesday, August 26th. The stock was 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 in the company, valued at $2,302,764.88. This represents a 9.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Teresa Roseborough sold 2,455 shares of the company's 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 owned 14,061 shares of the company's stock, valued at $4,622,834.97. The trade was a 14.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 9,829 shares of company stock valued at $3,339,314 in the last 90 days. 0.08% of the stock is currently owned by company insiders.

Home Depot Price Performance

NYSE:HD opened at $341.17 on Tuesday. 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 business's 50-day simple moving average is $308.56 and its two-hundred day simple moving average is $334.72. The stock has a market cap of $340.38 billion, a PE ratio of 23.87, a P/E/G ratio of 2.26 and a beta of 1.00. The Home Depot, Inc. has a 52 week low of $277.15 and a 52 week high of $397.63.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings data on Tuesday, August 18th. The home improvement retailer reported $4.92 EPS for the quarter, beating the consensus estimate of $4.73 by $0.19. The business had revenue of $47.86 billion for the quarter, compared to the consensus estimate of $47.24 billion. Home Depot had a return on equity of 106.42% and a net margin of 8.41%. The business's revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the business earned $4.68 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Thursday, September 3rd were issued a $2.33 dividend. The ex-dividend date of this dividend 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%.

About Home Depot

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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