TSG Advice Partners LLC Buys 3,342 Shares of The Home Depot, Inc. $HD

TSG Advice Partners LLC bought a new position in The Home Depot, Inc. (NYSE:HD) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,342 shares of the home improvement retailer’s stock, valued at approximately $951,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. BlackRock Inc. bought a new position in Home Depot in the 2nd quarter worth about $28,771,247,000. Bank of America Corp DE purchased a new stake in Home Depot during the 2nd quarter valued at about $5,780,468,000. Bank of New York Mellon Corp purchased a new stake in Home Depot during the 2nd quarter valued at about $2,777,396,000. Corient Private Wealth LP bought a new stake in Home Depot during the 2nd quarter valued at about $390,913,000. Finally, Legal & General Group Plc bought a new stake in Home Depot during the 2nd quarter valued at about $1,953,883,000. 70.86% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Home Depot

In other news, CAO Kimberly Scardino sold 675 shares of the stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $305.95, for a total value of $206,516.25. Following the transaction, the chief accounting officer owned 8,189 shares in the company, valued at $2,505,424.55. This represents a 7.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Richard McPhail sold 5,989 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer directly 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 SEC filing for this sale provides additional information. Insiders sold 9,829 shares of company stock worth $3,339,314 over the last 90 days. 0.08% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Stifel Nicolaus decreased their target price on shares of Home Depot from $346.00 to $322.00 and set a “hold” rating for the company in a report on Monday, October 26th. Wells Fargo & Company increased their price target on shares of Home Depot from $360.00 to $400.00 and gave the company an “overweight” rating in a report on Tuesday, August 11th. Jefferies Financial Group reissued a “buy” rating and set a $398.00 price target on shares of Home Depot in a research report on Tuesday, August 18th. Sanford C. Bernstein decreased their price objective on shares of Home Depot from $354.00 to $344.00 and set a “market perform” rating for the company in a report on Wednesday, September 9th. Finally, UBS Group restated a “buy” rating on shares of Home Depot in a report on Thursday, September 17th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $375.31.

Home Depot Price Performance

Shares of HD opened at $341.17 on Tuesday. The firm has a fifty day simple moving average of $308.56 and a two-hundred day simple moving average of $334.72. The firm has a market cap of $340.38 billion, a PE ratio of 23.87, a P/E/G ratio of 2.26 and a beta of 1.00. 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 Home Depot, Inc. has a 1-year low of $277.15 and a 1-year high of $397.63.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.73 by $0.19. Home Depot had a return on equity of 106.42% and a net margin of 8.41%. The firm had revenue of $47.86 billion for the quarter, compared to the consensus estimate of $47.24 billion. During the same period last year, the business posted $4.68 EPS. The company’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 analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

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

Home Depot Profile

The Home Depot, Inc is a home improvement retailer serving do-it-yourself customers, professional contractors, and other building and maintenance professionals. The company sells a broad selection of building materials, hardware, tools, appliances, paint, plumbing and electrical supplies, flooring, lighting, lawn and garden products, and home décor.

In addition to merchandise, Home Depot offers services such as product delivery, tool and equipment rental, credit services, and installation for selected products.