Titleist Asset Management LLC Buys 8,197 Shares of The Home Depot, Inc. $HD

Key Points

• Titleist Asset Management increased its Home Depot stake by 187.6% in the second quarter, purchasing 8,197 additional shares for a total holding of 12,567 shares valued at $4.43 million. Institutional investors collectively own 70.86% of the company.
• Home Depot’s latest quarter modestly exceeded expectations, with $3.43 in EPS and $41.77 billion in revenue, while analysts maintain a “Moderate Buy” consensus and an average price target of $373.18 versus the stock’s recent price near $343.96.
• Investors face competing signals ahead of earnings: Wells Fargo raised its target to $400 and some analysts expect another beat, but CEO Ted Decker’s temporary medical leave and concerns that the stock is already priced for a recovery could increase volatility.

Titleist Asset Management LLC lifted its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 187.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,567 shares of the home improvement retailer's stock after buying an additional 8,197 shares during the period. Titleist Asset Management LLC's holdings in Home Depot were worth $4,432,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Advocate Investing Services LLC bought a new stake in shares of Home Depot in the 4th quarter worth $25,000. Parvin Asset Management LLC boosted its holdings in Home Depot by 110.0% during the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer's stock worth $26,000 after purchasing an additional 33 shares during the last quarter. Cache Advisors LLC bought a new stake in Home Depot in the 1st quarter worth about $27,000. Key Capital Management INC purchased a new stake in Home Depot in the 4th quarter valued at about $28,000. Finally, Merkkuri Wealth Advisors LLC bought a new position in shares of Home Depot during the 1st quarter worth approximately $28,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Key Home Depot News

Here are the key news stories impacting Home Depot this week:

• Positive Sentiment: Wells Fargo raised its Home Depot price target to $400 from $360 and maintained an “overweight” rating, citing potential upside if the company’s recovery gains traction. Wells Fargo raises Home Depot price target
• Positive Sentiment: Some analysts expect Home Depot to surpass quarterly estimates, pointing to its history of earnings surprises and favorable earnings indicators. Consensus expectations call for approximately $4.73 in earnings per share and $47.24 billion in revenue for the quarter. Home Depot earnings beat outlook
• Neutral Sentiment: Decker is expected to return within a few months. During his absence, Senior Executive Vice President Ann-Marie Campbell and CFO Richard McPhail will oversee operations and financial management, providing an established interim leadership structure. Home Depot interim management announcement
• Negative Sentiment: The CEO’s medical leave introduces execution and strategic-continuity concerns just before earnings. Investors will focus on whether interim management changes the company’s outlook or commentary on consumer demand and home-improvement spending. Home Depot CEO medical leave
• Negative Sentiment: Commentary from The Motley Fool argues that HD is priced for a recovery that may arrive too soon, recommending caution ahead of the earnings release. That valuation concern could amplify pressure if results or guidance disappoint. Should You Buy Home Depot Stock Before Aug. 18?

Home Depot Stock Performance

Shares of HD opened at $343.96 on Thursday. The Home Depot, Inc. has a 1 year low of $289.10 and a 1 year high of $426.75. 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 stock's fifty day moving average price is $338.00 and its two-hundred day moving average price is $342.17. The firm has a market cap of $342.97 billion, a PE ratio of 24.43, a PEG ratio of 4.26 and a beta of 0.95.

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

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were given a dividend of $2.33 per share. This represents a $9.32 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Thursday, June 4th. Home Depot's dividend payout ratio (DPR) is currently 66.19%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Sanford C. Bernstein set a $344.00 target price on Home Depot in a report on Wednesday. The Goldman Sachs Group reduced their price objective on Home Depot from $409.00 to $390.00 and set a "buy" rating for the company in a research note on Wednesday, May 20th. Morgan Stanley lowered their target price on Home Depot from $420.00 to $400.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 20th. Mizuho cut their price target on shares of Home Depot from $415.00 to $385.00 and set an "outperform" rating on the stock in a report on Wednesday, May 20th. Finally, Guggenheim restated a "buy" rating and set a $425.00 price objective on shares of Home Depot in a report on Monday, July 20th. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $373.18.

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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