Mmbg Investment Advisors CO. Makes New $935,000 Investment in The Home Depot, Inc. $HD

Mmbg Investment Advisors CO. purchased a new stake in shares of The Home Depot, Inc. (NYSE:HD) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 2,650 shares of the home improvement retailer’s stock, valued at approximately $935,000.

A number of other hedge funds and other institutional investors have also modified their holdings of HD. Advocate Investing Services LLC acquired a new position in shares of Home Depot during the 4th quarter valued at $25,000. Zeit Capital LLC bought a new position in Home Depot during the second quarter valued at about $26,000. Parvin Asset Management LLC grew its holdings in Home Depot by 110.0% during the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $26,000 after acquiring an additional 33 shares during the period. Cache Advisors LLC bought a new stake in Home Depot in the first quarter worth about $27,000. Finally, Merkkuri Wealth Advisors LLC bought a new stake in Home Depot in the first quarter worth about $28,000. 70.86% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Home Depot

In other news, CFO Richard V. Mcphail sold 5,989 shares of the company’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $348.40, for a total value of $2,086,567.60. Following the transaction, the chief financial officer directly owned 48,104 shares of the company’s stock, valued at approximately $16,759,433.60. This represents a 11.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.08% of the company’s stock.

Home Depot News Summary

Here are the key news stories impacting Home Depot this week:

• Positive Sentiment: Home Depot reported fiscal second-quarter revenue of $47.86 billion, up 5.7% year over year and ahead of consensus estimates. Adjusted diluted EPS of $4.92 also exceeded the $4.73 analyst expectation. Home Depot Beat Q2 Estimates
• Positive Sentiment: A nationwide three-hour delivery service could help HD compete with Walmart and Target for e-commerce orders, improve convenience and support sales of home-improvement products. Home Depot Three-Hour Delivery
• Positive Sentiment: Analysts and investor-focused commentary continue to highlight Home Depot’s 17-year dividend growth streak and long-term shareholder returns, offering support while investors wait for housing conditions to improve. Home Depot Dividend Streak

Home Depot Price Performance

NYSE HD opened at $334.97 on Thursday. 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 firm has a market capitalization of $334.01 billion, a price-to-earnings ratio of 23.44, a price-to-earnings-growth ratio of 3.72 and a beta of 0.95. The company has a 50 day simple moving average of $341.18 and a 200-day simple moving average of $339.21. The Home Depot, Inc. has a 52-week low of $289.10 and a 52-week high of $426.75.

Home Depot (NYSE:HD) last announced 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. The firm had revenue of $47.86 billion for the quarter, compared to the consensus estimate of $47.24 billion. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. The firm’s revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the firm posted $4.68 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Equities research analysts predict that The Home Depot, Inc. will post 14.99 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. Stockholders of record on Thursday, September 3rd will be issued a dividend of $2.33 per share. This represents a $9.32 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Thursday, September 3rd. Home Depot’s payout ratio is currently 65.22%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company raised their price objective on shares of Home Depot from $360.00 to $400.00 and gave the company an “overweight” rating in a research report on Tuesday, August 11th. Guggenheim reissued a “buy” rating and set a $425.00 target price on shares of Home Depot in a research note on Wednesday, August 19th. Argus restated a “buy” rating and issued a $400.00 price target on shares of Home Depot in a research report on Wednesday, August 19th. Oppenheimer dropped their price target on Home Depot from $405.00 to $310.00 and set a “market perform” rating on the stock in a report on Monday, May 18th. Finally, Robert W. Baird reduced their price objective on Home Depot from $430.00 to $380.00 and set an “outperform” rating for the company in a research note on Wednesday, May 20th. Eighteen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock 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.