Global Wealth Management Investment Advisory Inc. grew its position in shares of The Home Depot, Inc. (NYSE:HD – Free Report) by 52.5% during the third quarter, Holdings Channel reports. The firm owned 23,203 shares of the home improvement retailer’s stock after acquiring an additional 7,986 shares during the quarter. Global Wealth Management Investment Advisory Inc.’s holdings in Home Depot were worth $6,601,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in HD. Zeit Capital LLC acquired a new position in Home Depot during the 2nd quarter worth about $26,000. Principia Wealth Advisory LLC grew its position in Home Depot by 60.4% in the 2nd quarter. Principia Wealth Advisory LLC now owns 85 shares of the home improvement retailer’s stock valued at $30,000 after acquiring an additional 32 shares in the last quarter. Navigoe LLC acquired a new position in Home Depot in the 2nd quarter valued at about $32,000. Gould Capital LLC grew its position in Home Depot by 58.7% in the 1st quarter. Gould Capital LLC now owns 100 shares of the home improvement retailer’s stock valued at $33,000 after acquiring an additional 37 shares in the last quarter. Finally, Next Level Wealth Planning LLC purchased a new stake in Home Depot during the third quarter worth about $28,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on the stock. Melius Research set a $397.00 price objective on shares of Home Depot in a research note on Tuesday, October 6th. TD Cowen reaffirmed a “buy” rating on shares of Home Depot in a research note on Monday, August 10th. Sanford C. Bernstein cut their target price on shares of Home Depot from $354.00 to $344.00 and set a “market perform” rating on the stock in a research note on Wednesday, September 9th. Truist Financial increased their target price on shares of Home Depot from $369.00 to $373.00 and gave the stock a “buy” rating in a report on Wednesday, August 19th. Finally, DA Davidson reissued a “buy” rating and issued a $377.00 price target on shares of Home Depot in a research report on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and a consensus price target of $375.45.
View Our Latest Analysis on Home Depot
Key Headlines Impacting Home Depot
Here are the key news stories impacting Home Depot this week:
- Positive Sentiment: JPMorgan raised its price target to $400 from $396 and maintained an “overweight” rating, implying potential upside from the share price cited in the report. JPMorgan rating information
- Positive Sentiment: HD rose in the latest trading session and outperformed the broader market, according to reports. Home Depot rises higher than market
- Neutral Sentiment: Analysts remain cautiously optimistic about Home Depot’s outlook despite the stock’s underperformance relative to the broader market over the past year. Home Depot analyst estimates and ratings
- Negative Sentiment: A housing slowdown, costly debt and a high valuation are cited as challenges, while the stock’s lack of progress over the past five years may weigh on investor confidence. Home Depot’s long-term shareholder returns and challenges
Insider Activity
In other Home Depot news, CFO Richard V. Mcphail sold 5,989 shares of the business’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 completion of the transaction, the chief financial officer owned 48,104 shares in the company, valued at $16,759,433.60. The trade was a 11.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Michael F. Rowe sold 710 shares of the business’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $336.76, for a total transaction of $239,099.60. Following the transaction, the executive vice president owned 6,838 shares of the company’s stock, valued at $2,302,764.88. This trade represents a 9.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 9,829 shares of company stock worth $3,339,314 in the last ninety days. 0.08% of the stock is owned by insiders.
Home Depot Price Performance
Shares of NYSE HD opened at $353.77 on Tuesday. The stock’s 50-day moving average is $309.90 and its two-hundred day moving average is $333.92. 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 Home Depot, Inc. has a 1-year low of $277.15 and a 1-year high of $397.63. The company has a market cap of $352.95 billion, a price-to-earnings ratio of 24.76, a price-to-earnings-growth ratio of 2.53 and a beta of 0.93.
Home Depot (NYSE:HD – Get Free Report) last posted its quarterly earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.73 by $0.19. The company had revenue of $47.86 billion for the quarter, compared to analyst estimates of $47.24 billion. Home Depot had a return on equity of 106.42% and a net margin of 8.41%. Home Depot’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter last year, the company earned $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.
Home Depot Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Thursday, September 3rd were paid a dividend of $2.33 per share. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Thursday, September 3rd. Home Depot’s dividend payout ratio is presently 65.22%.
About Home Depot
The Home Depot, Inc is a home improvement retailer serving do-it-yourself customers, professional contractors and other businesses. The company sells building materials, tools, hardware, appliances, paint, flooring, and products for home maintenance, repair and renovation, as well as lawn and garden supplies.
In addition to its retail stores and online channels, Home Depot offers services such as product delivery, equipment rental and home improvement installation. The company was founded in 1978 and is headquartered in Atlanta, Georgia.
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