Invst LLC Makes New Investment in The Home Depot, Inc. $HD

Invst LLC acquired a new stake in The Home Depot, Inc. (NYSE:HD) in the second quarter, Holdings Channel reports. The fund acquired 3,719 shares of the home improvement retailer’s stock, valued at approximately $1,312,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of Nova Scotia bought a new stake in shares of Home Depot during the second quarter worth about $118,723,000. Gator Capital Management LLC bought a new position in Home Depot in the 4th quarter valued at about $3,693,000. King Luther Capital Management Corp lifted its position in Home Depot by 0.6% in the 4th 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 acquiring an additional 7,180 shares in the last quarter. E Fund Management Co. Ltd. acquired a new position in Home Depot during the 2nd quarter valued at about $3,915,000. Finally, Thompson Siegel & Walmsley LLC increased its holdings in Home Depot by 320.4% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 11,292 shares of the home improvement retailer’s stock worth $3,886,000 after purchasing an additional 8,606 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Michael F. Rowe sold 710 shares of the company’s stock in a transaction dated 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 approximately $2,302,764.88. This represents a 9.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Teresa Wynn 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 sale, the executive vice president directly owned 14,061 shares of the company’s stock, valued at approximately $4,622,834.97. This represents a 14.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 9,154 shares of company stock worth $3,132,798 in the last ninety days. 0.08% of the stock is currently owned by insiders.

Home Depot Trading Down 0.5%

Shares of HD opened at $328.52 on Tuesday. 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 of $341.00 and a 200 day moving average of $338.03. The firm has a market cap of $327.76 billion, a P/E ratio of 22.99, a price-to-earnings-growth ratio of 3.64 and a beta of 0.95. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.31 and a current ratio of 1.08.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share for the quarter, topping the consensus estimate of $4.73 by $0.19. The firm had revenue of $47.86 billion during the quarter, compared to the consensus estimate of $47.24 billion. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. The company’s revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the company earned $4.68 earnings per share. 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 EPS for the current year.

Home Depot Announces Dividend

The firm also recently announced 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. This represents a $9.32 annualized dividend and a yield of 2.8%. The ex-dividend date is Thursday, September 3rd. Home Depot’s payout ratio is presently 65.22%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on HD. Oppenheimer lowered their price objective on Home Depot from $405.00 to $310.00 and set a “market perform” rating for the company in a research note on Monday, May 18th. Robert W. Baird decreased their price target on Home Depot from $430.00 to $380.00 and set an “outperform” rating for the company in a report on Wednesday, May 20th. Truist Financial increased their price target on Home Depot from $369.00 to $373.00 and gave the company a “buy” rating in a research report on Wednesday, August 19th. Bank of America assumed coverage on Home Depot in a research note on Tuesday, May 5th. They set a “buy” rating and a $374.00 price objective on the stock. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $398.00 price objective on shares of Home Depot in a report on Tuesday, August 18th. Eighteen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $375.54.

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.