1,776 Shares in The Home Depot, Inc. $HD Purchased by Uptick Partners LLC

Uptick Partners LLC acquired a new stake in The Home Depot, Inc. (NYSE:HD) in the second quarter, HoldingsChannel.com reports. The fund acquired 1,776 shares of the home improvement retailer’s stock, valued at approximately $626,000.

Other institutional investors also recently added to or reduced their stakes in the company. Gator Capital Management LLC purchased a new stake in shares of Home Depot during the 4th quarter worth $3,693,000. King Luther Capital Management Corp lifted its stake in shares of Home Depot by 0.6% in the fourth quarter. King Luther Capital Management Corp now owns 1,240,478 shares of the home improvement retailer’s stock valued at $426,848,000 after purchasing an additional 7,180 shares during the period. Thompson Siegel & Walmsley LLC boosted its holdings in Home Depot by 320.4% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 11,292 shares of the home improvement retailer’s stock worth $3,886,000 after buying an additional 8,606 shares in the last quarter. Sarasin & Partners LLP boosted its holdings in Home Depot by 4.0% during the second quarter. Sarasin & Partners LLP now owns 687,219 shares of the home improvement retailer’s stock worth $242,368,000 after buying an additional 26,357 shares in the last quarter. Finally, Capital International Inc. CA grew its position in Home Depot by 4.3% during the fourth quarter. Capital International Inc. CA now owns 150,368 shares of the home improvement retailer’s stock worth $51,742,000 after buying an additional 6,187 shares during the period. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Wolfe Research downgraded shares of Home Depot from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, June 23rd. BNP Paribas Exane reduced their price objective on Home Depot from $348.00 to $325.00 and set a “neutral” rating for the company in a report on Tuesday, May 19th. Citigroup decreased their target price on Home Depot from $450.00 to $400.00 and set a “buy” rating on the stock in a research report on Tuesday, May 12th. Guggenheim reissued a “buy” rating and issued a $425.00 target price on shares of Home Depot in a report on Wednesday, August 19th. Finally, Stifel Nicolaus raised their price target on Home Depot from $320.00 to $340.00 and gave the company a “hold” rating in a research report on Monday, August 17th. Eighteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and an average price target of $375.54.

Home Depot Stock Down 0.9%

Shares of NYSE:HD opened at $334.97 on Thursday. 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 company has a market capitalization of $334.01 billion, a P/E ratio of 23.44, a P/E/G ratio of 3.72 and a beta of 0.95. The Home Depot, Inc. has a 52-week low of $289.10 and a 52-week high of $426.75. The stock’s fifty day simple moving average is $341.18 and its 200-day simple moving average is $339.21.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, August 18th. The home improvement retailer reported $4.92 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $47.24 billion. During the same quarter last year, the business posted $4.68 EPS. 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, equities research analysts forecast that The Home Depot, Inc. will post 14.99 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Thursday, September 3rd will be paid a dividend of $2.33 per share. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $9.32 annualized dividend and a dividend yield of 2.8%. Home Depot’s dividend payout ratio is presently 65.22%.

Insider Activity

In related news, CFO Richard V. Mcphail sold 5,989 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $348.40, for a total transaction of $2,086,567.60. Following the sale, the chief financial officer owned 48,104 shares in the company, valued at approximately $16,759,433.60. This trade represents a 11.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.08% of the company’s stock.

Home Depot News Summary

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

• Positive Sentiment: Home Depot reported fiscal second-quarter revenue of $47.86 billion, up 5.7% year over year and ahead of consensus estimates. Adjusted diluted EPS of $4.92 also exceeded the $4.73 analyst expectation. Home Depot Beat Q2 Estimates
• Positive Sentiment: A nationwide three-hour delivery service could help HD compete with Walmart and Target for e-commerce orders, improve convenience and support sales of home-improvement products. Home Depot Three-Hour Delivery
• Positive Sentiment: Analysts and investor-focused commentary continue to highlight Home Depot’s 17-year dividend growth streak and long-term shareholder returns, offering support while investors wait for housing conditions to improve. Home Depot Dividend Streak

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.