The Home Depot, Inc. $HD Stock Acquired by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. raised its position in The Home Depot, Inc. (NYSE:HD) by 245.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 70,348 shares of the home improvement retailer’s stock after purchasing an additional 49,994 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Home Depot were worth $20,013,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Machina Capital S.A.S. acquired a new stake in shares of Home Depot during the third quarter valued at about $5,351,000. Silver Grove Financial Group Inc. grew its holdings in shares of Home Depot by 4.3% during the third quarter. Silver Grove Financial Group Inc. now owns 1,673 shares of the home improvement retailer’s stock worth $476,000 after purchasing an additional 69 shares during the last quarter. Davis Investment Partners LLC increased its stake in shares of Home Depot by 6.0% in the third quarter. Davis Investment Partners LLC now owns 1,488 shares of the home improvement retailer’s stock valued at $423,000 after buying an additional 84 shares during the period. Brooklyn FI LLC acquired a new position in shares of Home Depot in the third quarter valued at approximately $203,000. Finally, Knights of Columbus Asset Advisors LLC increased its stake in shares of Home Depot by 3.0% in the third quarter. Knights of Columbus Asset Advisors LLC now owns 7,864 shares of the home improvement retailer’s stock valued at $2,237,000 after buying an additional 231 shares during the period. 70.86% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on HD. Mizuho boosted their price objective on shares of Home Depot from $385.00 to $390.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 19th. Guggenheim reaffirmed a “buy” rating and set a $425.00 target price on shares of Home Depot in a research report on Wednesday, August 19th. Melius Research set a $397.00 target price on Home Depot in a report on Tuesday, October 6th. TD Cowen reaffirmed a “buy” rating on shares of Home Depot in a report on Monday, August 10th. Finally, Stifel Nicolaus reduced their price target on Home Depot from $346.00 to $322.00 and set a “hold” rating on the stock in a research report on Monday, October 26th. One investment 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 stock. According to data from MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and a consensus price target of $375.90.

Home Depot Stock Up 0.1%

Home Depot stock opened at $351.36 on Thursday. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.31 and a current ratio of 1.08. The Home Depot, Inc. has a 52-week low of $277.15 and a 52-week high of $397.63. The firm has a 50 day moving average price of $310.98 and a two-hundred day moving average price of $333.61. The firm has a market cap of $350.55 billion, a price-to-earnings ratio of 24.59, a PEG ratio of 2.50 and a beta of 0.93.

Home Depot (NYSE:HD) last issued 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 net margin of 8.41% and a return on equity of 106.42%. The firm had revenue of $47.86 billion for the quarter, compared to the consensus estimate of $47.24 billion. During the same quarter in the previous year, the company earned $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. Equities analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Investors 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 yield of 2.7%. The ex-dividend date of this dividend was Thursday, September 3rd. Home Depot’s dividend payout ratio (DPR) is currently 65.22%.

Key Headlines Impacting Home Depot

Here are a few of the latest headlines about HD:

• Positive Sentiment: Bank of America Securities maintained its Buy rating on HD, signaling continued confidence in the shares. Bank of America Securities Sticks to Their Buy Rating for Home Depot
• Positive Sentiment: Recent comparable-sales growth of 1.7%, strong professional-customer demand and digital gains point to resilience despite uneven demand. Wall Street is also expecting earnings growth, with one preview citing factors that could support an earnings beat. Can Home Depot Sustain Comparable Sales Growth Amid Uneven Demand? Home Depot Reports Next Week: Wall Street Expects Earnings Growth
• Neutral Sentiment: Bernstein raised its price target from $344 to $357 but kept a Market Perform rating, suggesting a modestly improved valuation view without a bullish change in recommendation. Bernstein price-target update

Insider Activity

In related news, CFO Richard McPhail sold 5,989 shares of the business’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 owned 48,104 shares in the company, valued at $16,759,433.60. The trade was a 11.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Kimberly Scardino sold 675 shares of the business’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $305.95, for a total transaction of $206,516.25. Following the completion of the transaction, the chief accounting officer owned 8,189 shares in the company, valued at approximately $2,505,424.55. The trade was a 7.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 9,829 shares of company stock worth $3,339,314 over the last ninety days. Corporate insiders own 0.08% of the company’s stock.

About Home Depot

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.