J. Goldman & Co LP Takes $13.43 Million Position in The Home Depot, Inc. $HD

J. Goldman & Co LP acquired a new position in The Home Depot, Inc. (NYSE:HD) during the second quarter, HoldingsChannel.com reports. The fund acquired 38,073 shares of the home improvement retailer’s stock, valued at approximately $13,428,000.

Several other large investors have also recently modified their holdings of HD. EFG International AG purchased a new stake in Home Depot during the second quarter valued at approximately $14,832,000. Ancora Advisors LLC purchased a new position in Home Depot in the second quarter worth $36,075,000. Delos Wealth Advisors LLC purchased a new position in Home Depot in the second quarter worth $65,000. Palisade Capital Management LP purchased a new position in Home Depot in the second quarter worth $8,238,000. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Home Depot during the second quarter worth $728,507,000. Institutional investors own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on HD. Gordon Haskett raised their price objective on Home Depot from $320.00 to $330.00 in a research report on Friday, June 12th. Wells Fargo & Company upped their target price on Home Depot from $360.00 to $400.00 and gave the company an “overweight” rating in a research report on Tuesday, August 11th. Wolfe Research cut Home Depot from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, June 23rd. Piper Sandler decreased their price target on Home Depot from $422.00 to $421.00 and set an “overweight” rating for the company in a research note on Wednesday, May 20th. Finally, Robert W. Baird lowered their price target on Home Depot from $430.00 to $380.00 and set an “outperform” rating for the company in a report on Wednesday, May 20th. Eighteen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and a consensus target price of $375.54.

Insiders Place Their Bets

In other Home Depot news, CFO Richard V. Mcphail sold 5,989 shares of the business’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $348.40, for a total transaction of $2,086,567.60. Following the sale, the chief financial officer 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Teresa Wynn 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 value of $807,130.35. Following the completion of the transaction, the executive vice president directly owned 14,061 shares in the company, valued at $4,622,834.97. This represents a 14.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 9,154 shares of company stock valued at $3,132,798. 0.08% of the stock is owned by company insiders.

Home Depot Trading Down 0.5%

NYSE HD opened at $328.52 on Tuesday. The Home Depot, Inc. has a 12-month low of $289.10 and a 12-month high of $426.75. The company has a fifty day simple moving average of $341.00 and a two-hundred day simple moving average of $338.03. 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 stock has a market cap of $327.76 billion, a P/E ratio of 22.99, a P/E/G ratio of 3.64 and a beta of 0.95.

Home Depot (NYSE:HD) last announced its quarterly earnings data 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 firm had revenue of $47.86 billion for 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 quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the company earned $4.68 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, analysts forecast that The Home Depot, Inc. will post 15 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd will be given a dividend of $2.33 per share. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $9.32 dividend on an annualized basis and a yield of 2.8%. Home Depot’s payout ratio is currently 65.22%.

Home Depot Company Profile

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.