The Home Depot, Inc. $HD Stock Purchased by Phoenix Financial Ltd.

Phoenix Financial Ltd. increased its stake in The Home Depot, Inc. (NYSE:HD) by 26.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,938 shares of the home improvement retailer’s stock after purchasing an additional 4,636 shares during the period. Phoenix Financial Ltd.’s holdings in Home Depot were worth $6,243,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Home Depot during the second quarter valued at $28,771,247,000. State Street Corp increased 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 worth $16,637,688,000 after acquiring an additional 499,168 shares during the period. Bank of America Corp DE acquired a new stake in shares of Home Depot in the 2nd quarter worth about $5,780,468,000. Fisher Asset Management LLC increased its holdings 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 worth $2,980,359,000 after acquiring an additional 115,427 shares during the period. Finally, Bank of New York Mellon Corp bought a new stake in Home Depot in the 2nd quarter valued at about $2,777,396,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Price Performance

Home Depot stock traded up $0.56 during mid-day trading on Friday, hitting $348.81. The company’s stock had a trading volume of 4,471,422 shares, compared to its average volume of 4,540,256. 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 stock has a market capitalization of $348.01 billion, a P/E ratio of 24.41, a P/E/G ratio of 2.58 and a beta of 0.93. The Home Depot, Inc. has a twelve month low of $277.15 and a twelve month high of $397.63. The stock’s fifty day moving average price is $312.19 and its two-hundred day moving average price is $333.26.

Home Depot (NYSE:HD) last released its quarterly earnings results 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. The business had revenue of $47.86 billion during 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% on a year-over-year basis. During the same quarter last year, the company posted $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Research analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

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

Latest Home Depot News

These are some of the HD news items 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

HD has been the topic of several analyst reports. Jefferies Financial Group restated a “buy” rating and issued a $398.00 price target on shares of Home Depot in a research note on Tuesday, August 18th. KeyCorp reiterated a “sector weight” rating on shares of Home Depot in a research report on Wednesday, August 19th. TD Cowen reiterated a “buy” rating on shares of Home Depot in a research report on Monday, August 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Home Depot in a report on Friday, October 2nd. Finally, JPMorgan Chase & Co. raised their target price on Home Depot from $396.00 to $400.00 and gave the company an “overweight” rating in a research report on Monday, November 9th. 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $375.90.

Insider Activity at Home Depot

In related news, CAO Kimberly Scardino sold 675 shares of the stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $305.95, for a total transaction of $206,516.25. Following the completion of the sale, the chief accounting officer directly owned 8,189 shares in the company, valued at approximately $2,505,424.55. This trade represents a 7.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 sale, the executive vice president directly owned 14,061 shares of the company’s stock, valued at $4,622,834.97. This trade represents a 14.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 9,829 shares of company stock worth $3,339,314 in the last quarter. 0.08% of the stock is owned by corporate insiders.

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.