Sanctuary Advisors LLC bought a new position in The Home Depot, Inc. (NYSE:HD – Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 160,662 shares of the home improvement retailer’s stock, valued at approximately $56,662,000.
Several other large investors have also recently modified their holdings of HD. Advocate Investing Services LLC purchased a new stake in shares of Home Depot in the fourth quarter valued at $25,000. Zeit Capital LLC bought a new stake in shares of Home Depot in the 2nd quarter worth about $26,000. Parvin Asset Management LLC boosted its stake in shares of Home Depot by 110.0% during the 3rd 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 period. Cache Advisors LLC purchased a new position in shares of Home Depot during the 1st quarter worth about $27,000. Finally, Merkkuri Wealth Advisors LLC bought a new position in Home Depot during the 1st quarter valued at about $28,000. Institutional investors own 70.86% of the company’s stock.
Home Depot Price Performance
Home Depot stock opened at $329.80 on Monday. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.08 and a quick ratio of 0.31. The stock has a market cap of $329.04 billion, a price-to-earnings ratio of 23.08, a price-to-earnings-growth ratio of 3.64 and a beta of 0.95. The firm has a 50-day moving average of $340.97 and a two-hundred day moving average of $338.46. The Home Depot, Inc. has a 1 year low of $289.10 and a 1 year high of $426.75.
Home Depot Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd will be issued 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 dividend payout ratio (DPR) is presently 65.22%.
Analyst Upgrades and Downgrades
HD has been the topic of a number of recent analyst reports. Citigroup reduced their price objective on shares of 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 reaffirmed a “buy” rating and set a $425.00 target price on shares of Home Depot in a research note on Wednesday, August 19th. JPMorgan Chase & Co. reduced their price target on Home Depot from $423.00 to $396.00 and set an “overweight” rating on the stock in a report on Wednesday, May 20th. Royal Bank Of Canada decreased their price target on Home Depot from $343.00 to $342.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 19th. Finally, Morgan Stanley dropped their price objective on Home Depot from $420.00 to $400.00 and set an “overweight” rating for the company in a report on Wednesday, May 20th. Eighteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $375.54.
View Our Latest Analysis on Home Depot
Key Home Depot News
Here are the key news stories impacting Home Depot this week:
- Positive Sentiment: Home Depot reported fiscal second-quarter sales of $47.86 billion, up 5.7% year over year and its strongest comparable-sales growth since 2022. Adjusted earnings of $4.92 per share exceeded the $4.73 analyst consensus, reinforcing the view that the retailer’s turnaround is gaining traction. The Home Depot Posts Record Sales Growth Amid CEO Leave
- Positive Sentiment: The company expanded its Magic Apron AI shopping assistant to every U.S. store. The tool provides localized product information, project guidance and store navigation through text, voice, images and multiple languages. Its potential to improve customer service, employee productivity and conversion rates supports the long-term growth narrative. The Home Depot Expands Magic Apron
- Neutral Sentiment: Analysts and recent commentary see significant upside if housing and remodeling demand recover, with Home Depot’s scale and professional-customer base viewed as competitive advantages. However, the stock remains below its 50-day and 200-day moving averages, indicating that investors have not fully embraced the turnaround thesis. Home Depot Turnaround Could Be Bigger Than Investors Expect
- Neutral Sentiment: Although Home Depot beat quarterly estimates, a reported $685 million tariff refund may have boosted results. Investors could discount part of the earnings strength if the benefit is viewed as nonrecurring. Home Depot Beat Q2 Estimates
- Negative Sentiment: CEO Ted Decker is on temporary medical leave, creating uncertainty around leadership even as operating performance improves. Separately, EVP Michael Rowe sold 710 shares valued at approximately $239,100, a relatively small transaction but a modest negative sentiment signal. Home Depot EVP Michael Rowe Sells Shares
Insiders Place Their Bets
In other Home Depot news, CFO Richard V. Mcphail sold 5,989 shares of Home Depot stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $348.40, for a total transaction of $2,086,567.60. Following the completion of the sale, the chief financial officer directly owned 48,104 shares of the company’s stock, valued at $16,759,433.60. The trade was a 11.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Michael F. Rowe sold 710 shares of the company’s stock in a transaction on 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 sale, the executive vice president owned 6,838 shares of the company’s stock, valued at $2,302,764.88. This represents a 9.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.08% of the company’s stock.
Home Depot 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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