The Home Depot, Inc. $HD Stock Acquired by IFG Advisory LLC

IFG Advisory LLC grew its position in The Home Depot, Inc. (NYSE:HD) by 10.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,200 shares of the home improvement retailer’s stock after buying an additional 2,087 shares during the quarter. IFG Advisory LLC’s holdings in Home Depot were worth $6,316,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in HD. BlackRock Inc. bought a new stake in Home Depot during the second quarter worth $28,771,247,000. State Street Corp boosted its holdings in shares of Home Depot by 1.1% in the 2nd quarter. State Street Corp now owns 47,175,026 shares of the home improvement retailer’s stock valued at $16,637,688,000 after purchasing an additional 499,168 shares in the last quarter. Bank of America Corp DE bought a new position in shares of Home Depot in the 2nd quarter valued at $5,780,468,000. Fisher Asset Management LLC increased its stake in shares of Home Depot by 1.1% in the 3rd quarter. Fisher Asset Management LLC now owns 10,476,145 shares of the home improvement retailer’s stock valued at $2,980,359,000 after purchasing an additional 115,427 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of Home Depot in the 2nd quarter valued at $2,777,396,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Home Depot

These are some of the HD headlines that stood out recently:

• Positive Sentiment: Articles point to growth in Home Depot’s Pro business and digital sales, along with ongoing investments, as potential drivers of sales and earnings. Some analysts also see potential for an earnings beat. Home Depot Stock Rallies 20% in a Month: Is It Still a Buy?
• Neutral Sentiment: Home Depot is scheduled to report Q3 results next week. Analysts expect sales and profit growth, making the results and outlook important catalysts; the report has not yet been released. Home Depot Pre-Q3 Earnings: Should You Buy or Stay Cautious?
• Negative Sentiment: Housing-market weakness could restrain home-improvement demand, while cost and margin pressures may weigh on results. Commentary also cautions that HD’s valuation looks demanding after its recent rally, potentially limiting further upside if results disappoint. Buy Home Depot or Lowe’s Stock Ahead of Much-Anticipated Q3 Results?

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on HD shares. JPMorgan Chase & Co. raised their price objective on Home Depot from $396.00 to $400.00 and gave the company an “overweight” rating in a research note on Monday, November 9th. Jefferies Financial Group reiterated a “buy” rating and issued a $398.00 target price on shares of Home Depot in a research report on Tuesday, August 18th. Guggenheim reissued a “buy” rating and set a $425.00 target price on shares of Home Depot in a research note on Wednesday, August 19th. KeyCorp reissued a “sector weight” rating on shares of Home Depot in a report on Wednesday, August 19th. Finally, Wells Fargo & Company raised their price target on shares of Home Depot from $360.00 to $400.00 and gave the company an “overweight” rating in a research note on Tuesday, August 11th. One investment 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and a consensus price target of $375.90.

Home Depot Trading Up 0.2%

NYSE:HD traded up $0.56 during trading hours on Friday, hitting $348.81. 4,471,422 shares of the company were exchanged, compared to its average volume of 4,540,256. The stock has a market capitalization of $348.01 billion, a price-to-earnings ratio of 24.41, a price-to-earnings-growth ratio of 2.58 and a beta of 0.93. The company has a current ratio of 1.08, a quick ratio of 0.31 and a debt-to-equity ratio of 2.64. The Home Depot, Inc. has a one year low of $277.15 and a one year high of $397.63. The company has a fifty day simple moving average of $312.19 and a 200 day simple moving average of $333.26.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, August 18th. The home improvement retailer reported $4.92 EPS for the quarter, beating analysts’ consensus estimates of $4.73 by $0.19. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. The company had revenue of $47.86 billion for the quarter, compared to analyst estimates of $47.24 billion. During the same period in the prior year, the firm posted $4.68 EPS. The company’s quarterly revenue was up 5.7% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Sell-side analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd were paid a $2.33 dividend. This represents a $9.32 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Thursday, September 3rd. Home Depot’s payout ratio is 65.22%.

Insider Activity at Home Depot

In related news, CAO Kimberly Scardino sold 675 shares of the business’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $305.95, for a total value of $206,516.25. Following the completion of the sale, the chief accounting officer directly owned 8,189 shares of the company’s stock, valued at $2,505,424.55. The trade was a 7.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Michael Rowe sold 710 shares of the company’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 value of $239,099.60. Following the transaction, the executive vice president directly owned 6,838 shares in the company, valued at $2,302,764.88. The trade was a 9.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 9,829 shares of company stock worth $3,339,314 over the last three months. 0.08% of the stock is currently owned by company insiders.

Home Depot Profile

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.