HighTower Advisors LLC Purchases 6,198 Shares of The Home Depot, Inc. $HD

HighTower Advisors LLC boosted its position in shares of The Home Depot, Inc. (NYSE:HD) by 0.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 952,398 shares of the home improvement retailer’s stock after acquiring an additional 6,198 shares during the period. HighTower Advisors LLC owned 0.10% of Home Depot worth $335,892,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of HD. Advocate Investing Services LLC purchased a new position in shares of Home Depot during the 4th quarter valued at $25,000. Zeit Capital LLC purchased a new stake in shares of Home Depot in the second quarter worth $26,000. Parvin Asset Management LLC raised its position in shares of Home Depot by 110.0% in the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $26,000 after buying an additional 33 shares in the last quarter. Cache Advisors LLC bought a new stake in Home Depot during the first quarter valued at $27,000. Finally, Merkkuri Wealth Advisors LLC bought a new stake in Home Depot during the first quarter valued at $28,000. 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 stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $336.76, for a total transaction of $239,099.60. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Teresa Roseborough sold 2,455 shares of the firm’s stock in a transaction dated 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 in the company, valued at $4,622,834.97. The trade was a 14.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 9,154 shares of company stock valued at $3,132,798 in the last quarter. Insiders own 0.08% of the company’s stock.

Home Depot Stock Performance

Home Depot stock opened at $320.94 on Tuesday. The firm has a fifty day simple moving average of $338.76 and a two-hundred day simple moving average of $335.58. 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 Home Depot, Inc. has a twelve month low of $289.10 and a twelve month high of $426.75. The company has a market capitalization of $320.20 billion, a PE ratio of 22.46, a P/E/G ratio of 3.53 and a beta of 0.95.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share for the quarter, beating 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 analyst estimates of $47.24 billion. During the same quarter in the prior year, the firm posted $4.68 earnings per share. The business’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. Research analysts expect that The Home Depot, Inc. will post 15 EPS for the current year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd will be issued a $2.33 dividend. This represents a $9.32 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Thursday, September 3rd. Home Depot’s dividend payout ratio (DPR) is 65.22%.

Analysts Set New Price Targets

A number of brokerages have weighed in on HD. TD Cowen restated a “buy” rating on shares of Home Depot in a research note on Monday, August 10th. Wall Street Zen raised Home Depot from a “sell” rating to a “hold” rating in a report on Tuesday, June 2nd. HSBC decreased their price objective on shares of Home Depot from $392.00 to $310.00 and set a “hold” rating on the stock in a research report on Wednesday, May 20th. BNP Paribas Exane lowered their target price on shares of Home Depot from $348.00 to $325.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 19th. Finally, DA Davidson reissued a “buy” rating and issued a $377.00 price target on shares of Home Depot in a research note on Wednesday, August 19th. Eighteen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and an average target price of $375.54.

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.