Transcend Capital Advisors LLC Has $8.08 Million Stock Position in The Home Depot, Inc. $HD

Transcend Capital Advisors LLC lowered its stake in The Home Depot, Inc. (NYSE:HD) by 8.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 23,483 shares of the home improvement retailer’s stock after selling 2,225 shares during the period. Transcend Capital Advisors LLC’s holdings in Home Depot were worth $8,080,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Emprise Bank boosted its holdings in Home Depot by 0.8% in the 3rd quarter. Emprise Bank now owns 3,135 shares of the home improvement retailer’s stock valued at $1,270,000 after purchasing an additional 26 shares during the period. Stegent Equity Advisors Inc. boosted its holdings in Home Depot by 2.7% in the 3rd quarter. Stegent Equity Advisors Inc. now owns 1,006 shares of the home improvement retailer’s stock valued at $408,000 after purchasing an additional 26 shares during the period. Unique Wealth LLC boosted its holdings in Home Depot by 1.2% in the 3rd quarter. Unique Wealth LLC now owns 2,280 shares of the home improvement retailer’s stock valued at $924,000 after purchasing an additional 27 shares during the period. Arcus Capital Partners LLC boosted its holdings in Home Depot by 1.1% in the 3rd quarter. Arcus Capital Partners LLC now owns 2,445 shares of the home improvement retailer’s stock valued at $991,000 after purchasing an additional 27 shares during the period. Finally, Westfuller Advisors LLC boosted its holdings in Home Depot by 2.1% in the 4th quarter. Westfuller Advisors LLC now owns 1,325 shares of the home improvement retailer’s stock valued at $456,000 after purchasing an additional 27 shares during the period. Institutional investors own 70.86% of the company’s stock.

Home Depot Price Performance

HD stock opened at $340.91 on Tuesday. The company has a 50 day simple moving average of $355.68 and a 200 day simple moving average of $363.93. The stock has a market cap of $339.55 billion, a price-to-earnings ratio of 23.96, a P/E/G ratio of 3.69 and a beta of 1.09. The Home Depot, Inc. has a 1 year low of $315.31 and a 1 year high of $426.75. The company has a debt-to-equity ratio of 3.62, a current ratio of 1.06 and a quick ratio of 0.26.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, February 24th. The home improvement retailer reported $2.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.52 by $0.20. The business had revenue of $38.20 billion during the quarter, compared to analysts’ expectations of $38.01 billion. Home Depot had a net margin of 8.60% and a return on equity of 134.32%. The firm’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same period in the prior year, the company earned $3.13 EPS. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. Research analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 12th were given a dividend of $2.33 per share. The ex-dividend date was Thursday, March 12th. This represents a $9.32 dividend on an annualized basis and a yield of 2.7%. This is a positive change from Home Depot’s previous quarterly dividend of $2.30. Home Depot’s dividend payout ratio is currently 65.50%.

Insider Transactions at Home Depot

In related news, CFO Richard V. Mcphail sold 2,550 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $368.89, for a total transaction of $940,669.50. Following the completion of the transaction, the chief financial officer directly owned 44,566 shares in the company, valued at $16,439,951.74. This represents a 5.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

HD has been the subject of a number of recent research reports. UBS Group reissued an “outperform” rating on shares of Home Depot in a report on Tuesday, March 24th. Morgan Stanley boosted their price objective on shares of Home Depot from $412.00 to $420.00 and gave the company an “overweight” rating in a report on Wednesday, February 25th. Sanford C. Bernstein upped their price target on shares of Home Depot from $381.00 to $390.00 and gave the stock a “market perform” rating in a report on Wednesday, February 25th. Guggenheim upped their price target on shares of Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, February 25th. Finally, Robert W. Baird upped their price target on shares of Home Depot from $400.00 to $430.00 and gave the stock an “outperform” rating in a report on Tuesday, February 17th. Twenty investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $414.17.

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.