The Home Depot, Inc. $HD Shares Purchased by IFG Advisory LLC

IFG Advisory LLC boosted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 10.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,200 shares of the home improvement retailer’s stock after buying an additional 2,087 shares during the quarter. IFG Advisory LLC’s holdings in Home Depot were worth $6,316,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Zeit Capital LLC bought a new stake in shares of Home Depot in the 2nd quarter worth approximately $26,000. Principia Wealth Advisory LLC lifted its stake in Home Depot by 60.4% in the second quarter. Principia Wealth Advisory LLC now owns 85 shares of the home improvement retailer’s stock valued at $30,000 after purchasing an additional 32 shares during the last quarter. Navigoe LLC purchased a new position in Home Depot in the second quarter valued at approximately $32,000. Gould Capital LLC lifted its stake in Home Depot by 58.7% in the first quarter. Gould Capital LLC now owns 100 shares of the home improvement retailer’s stock valued at $33,000 after purchasing an additional 37 shares during the last quarter. Finally, Next Level Wealth Planning LLC bought a new position in Home Depot during the third quarter valued at $28,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Melius Research set a $397.00 target price on Home Depot in a research report on Tuesday, October 6th. KeyCorp reaffirmed a “sector weight” rating on shares of Home Depot in a research report on Wednesday, August 19th. JPMorgan Chase & Co. increased their price target on Home Depot from $396.00 to $400.00 and gave the stock an “overweight” rating in a research note on Monday, November 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Home Depot in a report on Friday, October 2nd. Finally, TD Cowen restated a “buy” rating on shares of Home Depot in a research note on Monday, August 10th. One investment 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 issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $375.90.

Trending Headlines about Home Depot

Investors following HD have been watching these headlines:

• 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?

Insider Buying and Selling

In other Home Depot news, CAO Kimberly Scardino sold 675 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $305.95, for a total value of $206,516.25. Following the completion of the sale, the chief accounting officer owned 8,189 shares in the company, valued at approximately $2,505,424.55. The trade was a 7.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Teresa Roseborough sold 2,455 shares of the company’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $328.77, for a total transaction of $807,130.35. Following the sale, the executive vice president owned 14,061 shares of the company’s stock, valued at $4,622,834.97. This represents a 14.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 9,829 shares of company stock worth $3,339,314. Insiders own 0.08% of the company’s stock.

Home Depot Price Performance

Home Depot stock traded up $0.56 during midday trading on Friday, hitting $348.81. 4,471,422 shares of the company’s stock were exchanged, compared to its average volume of 4,540,256. The Home Depot, Inc. has a 52-week low of $277.15 and a 52-week high of $397.63. The stock has a 50-day moving average price of $312.19 and a two-hundred day moving average price of $333.26. 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 company has a market cap of $348.01 billion, a P/E ratio of 24.41, a PEG ratio of 2.58 and a beta of 0.93.

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, topping analysts’ consensus estimates of $4.73 by $0.19. The business had revenue of $47.86 billion during the quarter, compared to analysts’ expectations 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 quarter in the previous year, the company earned $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, equities 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. Stockholders of record on Thursday, September 3rd were paid a $2.33 dividend. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Thursday, September 3rd. Home Depot’s payout ratio is 65.22%.

Home Depot Company 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.