Western Wealth Management LLC Purchases Shares of 10,229 The Home Depot, Inc. $HD

Western Wealth Management LLC acquired a new stake in shares of The Home Depot, Inc. (NYSE:HD) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 10,229 shares of the home improvement retailer’s stock, valued at approximately $3,607,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Parvin Asset Management LLC lifted its holdings in Home Depot by 110.0% in the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock valued at $26,000 after acquiring an additional 33 shares during the period. Zeit Capital LLC acquired a new stake in shares of Home Depot during the 2nd quarter worth approximately $26,000. Advocate Investing Services LLC purchased a new position in shares of Home Depot during the 4th quarter valued at approximately $25,000. Cache Advisors LLC acquired a new position in shares of Home Depot in the 1st quarter valued at $27,000. Finally, Imprint Wealth LLC acquired a new position in shares of Home Depot in the 3rd quarter valued at $34,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Performance

NYSE:HD opened at $328.52 on Tuesday. The company 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. The Home Depot, Inc. has a twelve month low of $289.10 and a twelve month high of $426.75. The company’s 50-day moving average price is $341.00 and its 200-day moving average price is $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.

Home Depot (NYSE:HD) last released its quarterly earnings data 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. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. The company had revenue of $47.86 billion during the quarter, compared to the consensus estimate of $47.24 billion. During the same quarter in the prior year, the firm earned $4.68 EPS. Home Depot’s quarterly revenue was up 5.7% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, sell-side analysts forecast that The Home Depot, Inc. will post 15 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Thursday, September 3rd will be issued a $2.33 dividend. This represents a $9.32 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Thursday, September 3rd. Home Depot’s dividend payout ratio (DPR) is currently 65.22%.

Insider Buying and Selling

In other Home Depot news, EVP Teresa Wynn Roseborough sold 2,455 shares of the firm’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 completion of the sale, the executive vice president directly owned 14,061 shares of the company’s stock, valued at $4,622,834.97. This trade represents a 14.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Richard V. Mcphail sold 5,989 shares of Home Depot stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $348.40, for a total value of $2,086,567.60. Following the transaction, the chief financial officer owned 48,104 shares in the company, valued at approximately $16,759,433.60. This represents a 11.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 9,154 shares of company stock worth $3,132,798. 0.08% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently commented on HD. HSBC dropped their price target on shares of Home Depot from $392.00 to $310.00 and set a “hold” rating on the stock in a research report on Wednesday, May 20th. UBS Group dropped their target price on Home Depot from $430.00 to $420.00 and set a “buy” rating on the stock in a research report on Wednesday, August 19th. Citigroup decreased their target price on Home Depot from $450.00 to $400.00 and set a “buy” rating on the stock in a research report on Tuesday, May 12th. Wells Fargo & Company upped their price target on shares of Home Depot from $360.00 to $400.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 11th. Finally, Morgan Stanley lowered their price objective on Home Depot from $420.00 to $400.00 and set an “overweight” rating on the stock in a report on Wednesday, May 20th. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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.