Core Capital Management & Research inc. Purchases Shares of 2,131 The Home Depot, Inc. $HD

Core Capital Management & Research inc. acquired a new stake in shares of The Home Depot, Inc. (NYSE:HD) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,131 shares of the home improvement retailer’s stock, valued at approximately $719,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in HD. Parvin Asset Management LLC grew its stake 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 bought a new position in shares of Home Depot in the 2nd quarter worth $26,000. Advocate Investing Services LLC acquired a new stake in Home Depot in the 4th quarter valued at $25,000. Cache Advisors LLC acquired a new stake in Home Depot in the 1st quarter valued at $27,000. Finally, Imprint Wealth LLC bought a new stake in Home Depot during the 3rd quarter valued at $34,000. Institutional investors own 70.86% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Jefferies Financial Group reissued a “buy” rating and issued a $398.00 price target on shares of Home Depot in a research report on Tuesday, August 18th. Wall Street Zen upgraded Home Depot from a “sell” rating to a “hold” rating in a research note on Tuesday, June 2nd. KeyCorp reissued a “sector weight” rating on shares of Home Depot in a report on Wednesday, August 19th. Wolfe Research downgraded shares of Home Depot from an “outperform” rating to a “peer perform” rating in a report on Tuesday, June 23rd. Finally, Sanford C. Bernstein lowered their price objective on shares of Home Depot from $354.00 to $344.00 and set a “market perform” rating on the stock in a research report on Wednesday. Eighteen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $375.18.

Insider Activity

In related news, CFO Richard McPhail sold 5,989 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $348.40, for a total transaction of $2,086,567.60. Following the sale, the chief financial officer directly owned 48,104 shares in the company, valued at approximately $16,759,433.60. This represents a 11.07% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Teresa Roseborough sold 2,455 shares of the firm’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $328.77, for a total transaction of $807,130.35. Following the completion of the transaction, the executive vice president directly owned 14,061 shares of the company’s stock, valued at approximately $4,622,834.97. This trade represents a 14.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 9,154 shares of company stock valued at $3,132,798 over the last quarter. Company insiders own 0.08% of the company’s stock.

Home Depot Stock Performance

Shares of HD opened at $310.74 on Thursday. The Home Depot, Inc. has a 1 year low of $289.10 and a 1 year high of $426.75. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.08 and a quick ratio of 0.31. The stock’s fifty day moving average price is $337.16 and its two-hundred day moving average price is $334.61. The firm has a market cap of $310.02 billion, a PE ratio of 21.75, a PEG ratio of 3.45 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, topping the consensus estimate of $4.73 by $0.19. Home Depot had a return on equity of 106.42% and a net margin of 8.41%.The company had revenue of $47.86 billion during the quarter, compared to analyst estimates of $47.24 billion. During the same quarter last year, the firm posted $4.68 EPS. The firm’s revenue for the quarter 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, equities research analysts forecast that The Home Depot, Inc. will post 15 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd will be paid a $2.33 dividend. The ex-dividend date is Thursday, September 3rd. This represents a $9.32 annualized dividend and a dividend yield of 3.0%. Home Depot’s dividend payout ratio (DPR) is presently 65.22%.

Home Depot Company Profile

The Home Depot, Inc is a home improvement retailer that sells building materials, appliances, decor, hardware, tools, paint, lawn and garden products, and related merchandise. The company serves do-it-yourself customers, professional contractors, homebuilders, and other commercial customers through its retail stores and digital platforms.

Home Depot also provides services such as equipment and tool rental, delivery, installation, and project support. Its professional-focused offerings include job-lot quantities, specialized products, credit services, and account support designed for contractors and other trade customers.

Founded in 1978 by Bernie Marcus, Arthur Blank, Ken Langone, and Pat Farrah, the company is headquartered in Atlanta, Georgia.