The Home Depot, Inc. $HD Stock Purchased by Kestra Advisory Services LLC

Key Points

• Kestra Advisory Services increased its Home Depot stake by 5.9% in the third quarter, adding 10,381 shares to bring its holdings to 185,062 shares, valued at about $52.6 million.
• Analysts give Home Depot a “Moderate Buy” consensus, with an average price target of $375.31; 18 analysts rate it Buy, 13 Hold, and one Sell.
• Home Depot’s latest quarterly results beat estimates: EPS was $4.92 versus $4.73 expected, while revenue reached $47.86 billion and grew 5.7% year over year.

Kestra Advisory Services LLC grew its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 5.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 185,062 shares of the home improvement retailer's stock after acquiring an additional 10,381 shares during the period. Kestra Advisory Services LLC's holdings in Home Depot were worth $52,648,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. BlackRock Inc. acquired a new position in Home Depot in the 2nd quarter valued at $28,771,247,000. State Street Corp lifted its holdings in shares of Home Depot by 1.1% during the second quarter. State Street Corp now owns 47,175,026 shares of the home improvement retailer's stock worth $16,637,688,000 after buying an additional 499,168 shares in the last quarter. Bank of America Corp DE acquired a new stake in shares of Home Depot during the second quarter worth $5,780,468,000. Bank of New York Mellon Corp bought a new stake in shares of Home Depot in the second quarter valued at about $2,777,396,000. Finally, Amundi boosted its position in shares of Home Depot by 26.4% in the second quarter. Amundi now owns 7,339,614 shares of the home improvement retailer's stock valued at $2,588,535,000 after acquiring an additional 1,533,276 shares during the period. Institutional investors own 70.86% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on HD shares. UBS Group restated a "buy" rating on shares of Home Depot in a research note on Thursday, September 17th. DA Davidson reiterated a "buy" rating and issued a $377.00 price objective on shares of Home Depot in a research note on Wednesday, August 19th. Melius Research set a $397.00 price objective on shares of Home Depot in a report on Tuesday, October 6th. Sanford C. Bernstein decreased their target price on shares of Home Depot from $354.00 to $344.00 and set a "market perform" rating on the stock in a research report on Wednesday, September 9th. Finally, Guggenheim reaffirmed a "buy" rating and set a $425.00 target price 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 issued a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $375.31.

Home Depot Price Performance

HD stock traded down $6.46 during mid-day trading on Friday, hitting $343.48. The stock had a trading volume of 5,519,119 shares, compared to its average volume of 4,736,680. The firm has a fifty day simple moving average of $309.42 and a 200 day simple moving average of $334.08. The firm has a market capitalization of $342.69 billion, a P/E ratio of 24.04, a P/E/G ratio of 2.43 and a beta of 0.93. The company has a current ratio of 1.08, a quick ratio of 0.31 and a debt-to-equity ratio of 2.64. 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 earnings per share (EPS) for the quarter, beating 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 analysts' expectations of $47.24 billion. During the same period last year, the firm posted $4.68 earnings per share. The firm'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. As a group, research analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd were paid a $2.33 dividend. The ex-dividend date was Thursday, September 3rd. This represents a $9.32 annualized dividend and a dividend yield of 2.7%. Home Depot's dividend payout ratio (DPR) is presently 65.22%.

Insiders Place Their Bets

In related news, CFO Richard V. Mcphail sold 5,989 shares of the firm's stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $348.40, for a total value of $2,086,567.60. Following the sale, the chief financial officer directly owned 48,104 shares of the company's stock, valued at $16,759,433.60. This trade represents a 11.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Teresa Roseborough sold 2,455 shares of Home Depot stock in a transaction dated Friday, August 28th. The shares were 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 in the company, valued at approximately $4,622,834.97. This represents a 14.86% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 9,829 shares of company stock worth $3,339,314 over the last 90 days. Corporate insiders own 0.08% of the company's stock.

Home Depot Company Profile

The Home Depot, Inc is a home improvement retailer serving do-it-yourself customers, professional contractors and other businesses. The company sells building materials, tools, hardware, appliances, paint, flooring, and products for home maintenance, repair and renovation, as well as lawn and garden supplies.

In addition to its retail stores and online channels, Home Depot offers services such as product delivery, equipment rental and home improvement installation. The company was founded in 1978 and is headquartered in Atlanta, Georgia.

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