The Home Depot, Inc. $HD Position Boosted by Prairie Advisory LLC

Prairie Advisory LLC lifted its position in shares of The Home Depot, Inc. (NYSE:HD) by 82.2% in the third quarter, HoldingsChannel.com reports. The fund owned 9,714 shares of the home improvement retailer’s stock after buying an additional 4,382 shares during the period. Prairie Advisory LLC’s holdings in Home Depot were worth $2,764,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Capital Square LLC purchased a new position in Home Depot during the third quarter worth about $2,500,000. Investment Research & Advisory Group Inc. grew its position in Home Depot by 4.0% in the 3rd quarter. Investment Research & Advisory Group Inc. now owns 2,417 shares of the home improvement retailer’s stock worth $704,000 after purchasing an additional 94 shares in the last quarter. Herold Advisors Inc. grew its position in Home Depot by 3.9% in the 3rd quarter. Herold Advisors Inc. now owns 13,525 shares of the home improvement retailer’s stock worth $3,848,000 after purchasing an additional 508 shares in the last quarter. LongView Wealth Management increased its stake in Home Depot by 2.5% in the 3rd quarter. LongView Wealth Management now owns 33,629 shares of the home improvement retailer’s stock valued at $9,567,000 after buying an additional 814 shares during the last quarter. Finally, Foguth Wealth Management LLC. increased its stake in Home Depot by 53.2% in the 3rd quarter. Foguth Wealth Management LLC. now owns 1,016 shares of the home improvement retailer’s stock valued at $315,000 after buying an additional 353 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

HD has been the topic of several recent analyst reports. DA Davidson reissued a “buy” rating and set a $377.00 target price on shares of Home Depot in a research report on Wednesday, August 19th. Guggenheim reaffirmed a “buy” rating and issued a $425.00 target price on shares of Home Depot in a report on Wednesday, August 19th. Mizuho increased their price target on Home Depot from $385.00 to $390.00 and gave the company an “outperform” rating in a research report on Wednesday, August 19th. Truist Financial increased their price target on Home Depot from $369.00 to $373.00 and gave the company a “buy” rating in a research report on Wednesday, August 19th. Finally, Royal Bank Of Canada dropped their price target on Home Depot from $343.00 to $342.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $375.93.

Home Depot Price Performance

NYSE HD traded down $0.41 on Monday, hitting $309.22. The stock had a trading volume of 1,512,043 shares, compared to its average volume of 4,470,995. The firm has a 50-day moving average of $312.52 and a 200-day moving average of $324.17. 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 Home Depot, Inc. has a 52-week low of $277.15 and a 52-week high of $397.63. The company has a market capitalization of $308.50 billion, a price-to-earnings ratio of 21.65, a price-to-earnings-growth ratio of 2.20 and a beta of 1.00.

Home Depot (NYSE:HD) last released its quarterly earnings results 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. 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%. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the previous year, the business earned $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Equities analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend was Thursday, September 3rd. This represents a $9.32 annualized dividend and a yield of 3.0%. Home Depot’s dividend payout ratio (DPR) is currently 65.22%.

Insiders Place Their Bets

In other Home Depot news, CAO Kimberly R. Scardino sold 675 shares of the firm’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 sale, the chief accounting officer owned 8,189 shares of the company’s stock, valued at $2,505,424.55. This trade represents a 7.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Richard V. Mcphail sold 5,989 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $348.40, for a total value of $2,086,567.60. Following the completion of the sale, the chief financial officer directly owned 48,104 shares in the company, valued at approximately $16,759,433.60. The trade was a 11.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 9,829 shares of company stock worth $3,339,314 over the last three months. Corporate insiders own 0.08% of the company’s stock.

About Home Depot

The Home Depot, Inc is a home improvement retailer serving do-it-yourself customers, professional contractors, and other building and maintenance professionals. The company sells a broad selection of building materials, hardware, tools, appliances, paint, plumbing and electrical supplies, flooring, lighting, lawn and garden products, and home décor.

In addition to merchandise, Home Depot offers services such as product delivery, tool and equipment rental, credit services, and installation for selected products.