Narwhal Capital Management Acquires 8,471 Shares of The Home Depot, Inc. $HD

Narwhal Capital Management increased its stake in The Home Depot, Inc. (NYSE:HD) by 12.9% during the third quarter, Holdings Channel.com reports. The institutional investor owned 73,924 shares of the home improvement retailer’s stock after buying an additional 8,471 shares during the period. Home Depot comprises 1.4% of Narwhal Capital Management’s investment portfolio, making the stock its 15th biggest holding. Narwhal Capital Management’s holdings in Home Depot were worth $21,031,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in Home Depot in the second quarter worth about $28,771,247,000. State Street Corp boosted its stake in Home Depot by 1.1% in the second quarter. State Street Corp now owns 47,175,026 shares of the home improvement retailer’s stock valued at $16,637,688,000 after acquiring an additional 499,168 shares during the last quarter. Bank of America Corp DE purchased a new position in Home Depot in the second quarter valued at about $5,780,468,000. Bank of New York Mellon Corp purchased a new position in Home Depot in the second quarter valued at about $2,777,396,000. Finally, Corient Private Wealth LP bought a new position in shares of Home Depot during the 2nd quarter valued at approximately $390,913,000. Institutional investors own 70.86% of the company’s stock.

Insider Transactions at Home Depot

In related news, EVP Michael F. Rowe sold 710 shares of the stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $336.76, for a total transaction of $239,099.60. Following the transaction, the executive vice president owned 6,838 shares of the company’s stock, valued at approximately $2,302,764.88. This trade represents a 9.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Kimberly R. Scardino sold 675 shares of the firm’s stock in a transaction dated 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 directly owned 8,189 shares in the company, valued at $2,505,424.55. This trade represents a 7.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 9,829 shares of company stock valued at $3,339,314 over the last quarter. 0.08% of the stock is owned by company insiders.

Home Depot Stock Down 0.7%

HD opened at $351.09 on Wednesday. The company has a fifty day moving average price of $310.35 and a 200-day moving average price of $333.77. The firm has a market capitalization of $350.28 billion, a P/E ratio of 24.57, a price-to-earnings-growth ratio of 2.51 and a beta of 0.93. 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 Home Depot, Inc. has a one year low of $277.15 and a one 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 for the quarter, beating 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 firm had revenue of $47.86 billion for the quarter, compared to analysts’ expectations of $47.24 billion. During the same quarter last year, the firm posted $4.68 EPS. The company’s revenue 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. Equities research analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd were issued a $2.33 dividend. 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 dividend payout ratio is presently 65.22%.

Home Depot News Summary

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

• Positive Sentiment: Home Depot’s reported 1.7% comparable-sales growth, strong professional-customer demand and digital gains suggest the business is holding up despite uneven conditions. Can Home Depot Sustain Comparable Sales Growth Amid Uneven Demand?
• Positive Sentiment: Analyst expectations for earnings growth and a possible upcoming earnings beat could support investor sentiment ahead of the company’s report. Home Depot Reports Next Week: Wall Street Expects Earnings Growth
• Positive Sentiment: JPMorgan raised its price target to $400 and kept an Overweight rating, signaling a more optimistic view of HD’s potential. JPMorgan price-target update
• Neutral Sentiment: Bernstein increased its target to $357 but maintained a Market Perform rating, suggesting limited near-term conviction despite the higher estimate. Bernstein price-target update
• Negative Sentiment: Housing-market pressures and weak transactions remain key risks. One analysis says transactions need to turn positive for a stronger case, tempering the positive signals from comps and Pro demand. Home Depot: Hold Into Q3 Earnings, Transactions Must Turn Positive

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Truist Financial increased their price objective on Home Depot from $369.00 to $373.00 and gave the company a “buy” rating in a report on Wednesday, August 19th. TD Cowen reissued a “buy” rating on shares of Home Depot in a research report on Monday, August 10th. Sanford C. Bernstein boosted their target price on Home Depot from $344.00 to $357.00 and gave the company a “market perform” rating in a research note on Tuesday. Wells Fargo & Company upped their price target on Home Depot from $360.00 to $400.00 and gave the company an “overweight” rating in a research report on Tuesday, August 11th. Finally, Guggenheim reaffirmed a “buy” rating and set a $425.00 price target on shares of Home Depot in a research report on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $375.90.

Home Depot Profile

The Home Depot, Inc. is a home improvement retailer serving do-it-yourself customers, professional contractors and other businesses. The company sells building materials, tools, hardware, appliances, paint, flooring, and products for home maintenance, repair and renovation, as well as lawn and garden supplies. In addition to its retail stores and online channels, Home Depot offers services such as product delivery, equipment rental and home improvement installation. The company was founded in 1978 and is headquartered in Atlanta, Georgia.