Western Wealth Management LLC Makes New Investment in The Home Depot, Inc. $HD

Western Wealth Management LLC bought a new stake in shares of The Home Depot, Inc. (NYSE:HD) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 10,229 shares of the home improvement retailer’s stock, valued at approximately $3,607,000.

A number of other hedge funds have also recently made changes to their positions in HD. Bank of Nova Scotia purchased a new stake in shares of Home Depot in the 2nd quarter worth $118,723,000. Gator Capital Management LLC purchased a new position in shares of Home Depot during the fourth quarter valued at $3,693,000. King Luther Capital Management Corp raised its holdings in shares of Home Depot by 0.6% in the fourth quarter. King Luther Capital Management Corp now owns 1,240,478 shares of the home improvement retailer’s stock valued at $426,848,000 after acquiring an additional 7,180 shares in the last quarter. E Fund Management Co. Ltd. bought a new stake in shares of Home Depot in the second quarter valued at about $3,915,000. Finally, Thompson Siegel & Walmsley LLC lifted its stake in Home Depot by 320.4% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 11,292 shares of the home improvement retailer’s stock worth $3,886,000 after acquiring an additional 8,606 shares during the period. 70.86% of the stock is currently owned by institutional investors.

Insider Activity at Home Depot

In related news, EVP Teresa Wynn Roseborough sold 2,455 shares of the company’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $328.77, for a total value of $807,130.35. Following the transaction, the executive vice president directly owned 14,061 shares of the company’s stock, valued at $4,622,834.97. This represents a 14.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Michael F. Rowe sold 710 shares of Home Depot stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $336.76, for a total value of $239,099.60. Following the sale, the executive vice president directly owned 6,838 shares of the company’s stock, valued at approximately $2,302,764.88. This represents a 9.41% decrease in their position. 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 ninety days. Company insiders own 0.08% of the company’s stock.

Home Depot Price Performance

Shares of NYSE HD opened at $328.52 on Tuesday. The Home Depot, Inc. has a fifty-two week low of $289.10 and a fifty-two week high of $426.75. The company has a market cap of $327.76 billion, a PE ratio of 22.99, a P/E/G ratio of 3.64 and a beta of 0.95. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.31 and a current ratio of 1.08. The business has a 50-day simple moving average of $341.00 and a two-hundred day simple moving average of $338.03.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 18th. The home improvement retailer reported $4.92 EPS for the quarter, beating the consensus estimate of $4.73 by $0.19. The firm had revenue of $47.86 billion during the quarter, compared to analyst estimates of $47.24 billion. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. Home Depot’s revenue was up 5.7% on a year-over-year basis. During the same period last year, the firm posted $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, equities analysts expect that The Home Depot, Inc. will post 15 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd will be paid a dividend of $2.33 per share. This represents a $9.32 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Thursday, September 3rd. Home Depot’s payout ratio is presently 65.22%.

Analysts Set New Price Targets

HD has been the topic of a number of research reports. Wells Fargo & Company raised their target price on shares of Home Depot from $360.00 to $400.00 and gave the company an “overweight” rating in a research report on Tuesday, August 11th. Mizuho lifted their price objective on shares of Home Depot from $385.00 to $390.00 and gave the company an “outperform” rating in a report on Wednesday, August 19th. JPMorgan Chase & Co. reduced their price objective on shares of Home Depot from $423.00 to $396.00 and set an “overweight” rating for the company in a research note on Wednesday, May 20th. DA Davidson restated a “buy” rating and set a $377.00 target price on shares of Home Depot in a report on Wednesday, August 19th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $398.00 target price on shares of Home Depot in a research report on Tuesday, August 18th. 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. According to data from MarketBeat, Home Depot has an average rating of “Moderate Buy” and a consensus price target of $375.54.

About Home Depot

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.