HS Management Partners LLC Invests $7.32 Million in The Home Depot, Inc. $HD

HS Management Partners LLC bought a new stake in The Home Depot, Inc. (NYSE:HD) in the 2nd quarter, Holdings Channel.com reports. The firm bought 20,755 shares of the home improvement retailer’s stock, valued at approximately $7,320,000. Home Depot accounts for about 2.5% of HS Management Partners LLC’s holdings, making the stock its 22nd largest position.

Other large investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of Home Depot during the second quarter worth approximately $28,771,247,000. State Street Corp raised its position in Home Depot by 1.8% in the 4th quarter. State Street Corp now owns 46,925,342 shares of the home improvement retailer’s stock valued at $16,147,010,000 after purchasing an additional 825,164 shares during the last quarter. Geode Capital Management LLC raised its position in Home Depot by 1.5% in the 4th 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 purchasing an additional 343,153 shares during the last quarter. Bank of America Corp DE boosted its stake in Home Depot by 1.6% during the 1st quarter. Bank of America Corp DE now owns 16,314,357 shares of the home improvement retailer’s stock worth $5,365,629,000 after purchasing an additional 250,825 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in Home Depot by 7.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 15,471,132 shares of the home improvement retailer’s stock worth $5,323,620,000 after purchasing an additional 1,113,114 shares during the period. 70.86% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Home Depot

In related news, CFO Richard V. Mcphail sold 5,989 shares of Home Depot stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $348.40, for a total value of $2,086,567.60. Following the sale, the chief financial officer directly 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 through this link. 0.08% of the stock is owned by corporate insiders.

Home Depot Trading Up 0.6%

Shares of Home Depot stock opened at $337.54 on Tuesday. The firm has a market cap of $336.56 billion, a price-to-earnings ratio of 23.62, a price-to-earnings-growth ratio of 3.70 and a beta of 0.95. The Home Depot, Inc. has a 52-week low of $289.10 and a 52-week high of $426.75. The company’s 50-day simple moving average is $341.02 and its 200-day simple moving average is $339.89. The company has a quick ratio of 0.31, a current ratio of 1.08 and a debt-to-equity ratio of 2.64.

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. 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 during the quarter, compared to the consensus estimate of $47.24 billion. During the same quarter last year, the firm earned $4.68 earnings per share. The firm’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. As a group, equities research analysts anticipate that The Home Depot, Inc. will post 14.99 earnings per share for the current year.

Home Depot Dividend Announcement

The firm 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 $2.33 dividend. This represents a $9.32 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Thursday, September 3rd. Home Depot’s dividend payout ratio (DPR) is currently 65.22%.

Analysts Set New Price Targets

HD has been the topic of a number of recent research reports. Telsey Advisory Group dropped their price objective on shares of Home Depot from $435.00 to $410.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 20th. Truist Financial raised their price target on Home Depot from $369.00 to $373.00 and gave the stock a “buy” rating in a 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 research report on Monday, May 18th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $354.00 price objective on shares of Home Depot in a research note on Wednesday, August 19th. Finally, DA Davidson reaffirmed a “buy” rating and set a $377.00 price objective on shares of Home Depot in a research report on Wednesday, August 19th. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $375.54.

Home Depot Company Profile

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.