Strathmore Capital Advisors Inc. Invests $779,000 in The Home Depot, Inc. $HD

Strathmore Capital Advisors Inc. purchased a new stake in The Home Depot, Inc. (NYSE:HD) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 2,350 shares of the home improvement retailer’s stock, valued at approximately $779,000.

A number of other institutional investors have also recently bought and sold shares of HD. BlackRock Inc. purchased a new stake in Home Depot during the second quarter valued at about $28,771,247,000. State Street Corp increased its position in shares of Home Depot by 1.8% in the fourth quarter. State Street Corp now owns 46,925,342 shares of the home improvement retailer’s stock worth $16,147,010,000 after acquiring an additional 825,164 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Home Depot by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 23,756,142 shares of the home improvement retailer’s stock valued at $8,151,344,000 after acquiring an additional 343,153 shares during the period. Bank of America Corp DE raised its holdings in shares of Home Depot by 1.6% during the first quarter. Bank of America Corp DE now owns 16,314,357 shares of the home improvement retailer’s stock valued at $5,365,629,000 after acquiring an additional 250,825 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Home Depot by 7.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 15,471,132 shares of the home improvement retailer’s stock valued at $5,323,620,000 after acquiring an additional 1,113,114 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on HD. The Goldman Sachs Group lowered their price objective on shares of Home Depot from $409.00 to $390.00 and set a “buy” rating on the stock in a research report on Wednesday, May 20th. Wells Fargo & Company increased their target price on Home Depot from $360.00 to $400.00 and gave the company an “overweight” rating in a report on Tuesday, August 11th. HSBC lowered their price target on Home Depot from $392.00 to $310.00 and set a “hold” rating on the stock in a report on Wednesday, May 20th. BNP Paribas Exane dropped their price target on Home Depot from $348.00 to $325.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 19th. Finally, Gordon Haskett increased their price objective on Home Depot from $320.00 to $330.00 in a research note on Friday, June 12th. Eighteen research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $375.54.

Key Stories Impacting Home Depot

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 Trading Down 0.9%

Shares of NYSE:HD opened at $334.97 on Thursday. The firm has a fifty day moving average of $341.18 and a two-hundred day moving average of $339.21. The company has a quick ratio of 0.31, a current ratio of 1.08 and a debt-to-equity ratio of 2.64. The Home Depot, Inc. has a 12-month low of $289.10 and a 12-month high of $426.75. The firm has a market capitalization of $334.01 billion, a P/E ratio of 23.44, a price-to-earnings-growth ratio of 3.72 and a beta of 0.95.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share for the quarter, topping 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 business had revenue of $47.86 billion for the quarter, compared to the consensus estimate of $47.24 billion. During the same period in the prior year, the business posted $4.68 earnings per share. Home Depot’s revenue for the quarter was up 5.7% compared to the same quarter last year. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, equities analysts expect that The Home Depot, Inc. will post 14.99 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd will be given a $2.33 dividend. This represents a $9.32 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Thursday, September 3rd. Home Depot’s dividend payout ratio is presently 65.22%.

Insiders Place Their Bets

In other news, CFO Richard V. Mcphail sold 5,989 shares of the firm’s stock in a transaction dated 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 sale, the chief financial officer directly owned 48,104 shares of the company’s stock, valued at $16,759,433.60. This trade represents a 11.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.08% of the stock is currently owned by insiders.

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.