The Home Depot, Inc. $HD Shares Newly Purchased by Verus Capital Partners LLC

Verus Capital Partners LLC acquired a new position in The Home Depot, Inc. (NYSE:HD) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 4,222 shares of the home improvement retailer’s stock, valued at approximately $1,201,000.

Several other institutional investors have also added to or reduced their stakes in HD. Pegasus Asset Management Inc. raised its position in shares of Home Depot by 2.9% in the 3rd quarter. Pegasus Asset Management Inc. now owns 13,391 shares of the home improvement retailer’s stock worth $3,810,000 after acquiring an additional 382 shares in the last quarter. American Institute for Advanced Investment Management LLP grew its stake in Home Depot by 68.9% during the third quarter. American Institute for Advanced Investment Management LLP now owns 16,893 shares of the home improvement retailer’s stock worth $4,806,000 after purchasing an additional 6,892 shares during the period. Abacus Wealth Partners LLC grew its stake in Home Depot by 42.8% during the third quarter. Abacus Wealth Partners LLC now owns 824 shares of the home improvement retailer’s stock worth $235,000 after purchasing an additional 247 shares during the period. Waycross Partners LLC increased its holdings in Home Depot by 63.3% in the third quarter. Waycross Partners LLC now owns 121,550 shares of the home improvement retailer’s stock worth $34,580,000 after purchasing an additional 47,113 shares in the last quarter. Finally, LightSquare Wealth Management LLC increased its holdings in Home Depot by 4.3% in the third quarter. LightSquare Wealth Management LLC now owns 1,256 shares of the home improvement retailer’s stock worth $357,000 after purchasing an additional 52 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors.

Home Depot Price Performance

Shares of NYSE:HD opened at $343.48 on Monday. The Home Depot, Inc. has a twelve month low of $277.15 and a twelve month high of $397.63. The stock’s 50 day moving average is $309.42 and its 200-day moving average is $334.08. 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 firm has a market capitalization of $342.69 billion, a price-to-earnings ratio of 24.04, a PEG ratio of 2.44 and a beta of 0.93.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.73 by $0.19. The business had revenue of $47.86 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the firm posted $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Sell-side analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on HD. Wells Fargo & Company boosted their price target on Home Depot from $360.00 to $400.00 and gave the company an “overweight” rating in a research note on Tuesday, August 11th. Argus reaffirmed a “buy” rating and set a $400.00 price objective on shares of Home Depot in a research report on Wednesday, August 19th. Truist Financial lifted their price objective on shares of Home Depot from $369.00 to $373.00 and gave the company a “buy” rating in a research note on Wednesday, August 19th. Royal Bank Of Canada dropped their target price on shares of Home Depot from $343.00 to $342.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 19th. Finally, Sanford C. Bernstein cut their target price on shares of Home Depot from $354.00 to $344.00 and set a “market perform” rating on the stock in a research note on Wednesday, September 9th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus target price of $375.31.

Insider Buying and Selling

In other Home Depot news, EVP Michael F. Rowe sold 710 shares of Home Depot stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $336.76, for a total transaction of $239,099.60. Following the transaction, the executive vice president directly owned 6,838 shares of the company’s stock, valued at $2,302,764.88. The trade was a 9.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Teresa Roseborough sold 2,455 shares of the stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $328.77, for a total transaction of $807,130.35. Following the completion of the sale, the executive vice president owned 14,061 shares of the company’s stock, valued at approximately $4,622,834.97. This represents a 14.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 9,829 shares of company stock valued at $3,339,314. Company insiders own 0.08% of the company’s stock.

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.