Saudi Central Bank Acquires 32,976 Shares of The Home Depot, Inc. $HD

Saudi Central Bank boosted its holdings in The Home Depot, Inc. (NYSE:HD) by 89.7% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 69,721 shares of the home improvement retailer’s stock after purchasing an additional 32,976 shares during the period. Saudi Central Bank’s holdings in Home Depot were worth $24,589,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of HD. Parvin Asset Management LLC grew its stake in shares of Home Depot by 110.0% in 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 last quarter. Zeit Capital LLC acquired a new position in Home Depot during the 2nd quarter valued at $26,000. Advocate Investing Services LLC acquired a new position in Home Depot during the 4th quarter valued at $25,000. Cache Advisors LLC bought a new stake in Home Depot in the 1st quarter valued at $27,000. Finally, Imprint Wealth LLC bought a new stake in Home Depot in the 3rd quarter valued at $34,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HD has been the topic of several research reports. Gordon Haskett boosted their price objective on shares of Home Depot from $320.00 to $330.00 in a report on Friday, June 12th. Guggenheim reiterated a “buy” rating and issued a $425.00 target price on shares of Home Depot in a research note on Wednesday, August 19th. Evercore decreased their target price on Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 20th. Mizuho upped their price target on Home Depot from $385.00 to $390.00 and gave the company an “outperform” rating in a report on Wednesday, August 19th. Finally, DA Davidson reiterated a “buy” rating and issued a $377.00 price objective on shares of Home Depot in a research report on Wednesday, August 19th. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $375.54.

Insider Activity at Home Depot

In other Home Depot news, EVP Michael F. Rowe sold 710 shares of Home Depot stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $336.76, for a total transaction of $239,099.60. Following the completion of the transaction, the executive vice president directly 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Richard V. 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 transaction of $2,086,567.60. Following the completion of the sale, the chief financial officer owned 48,104 shares in the company, valued at $16,759,433.60. This represents a 11.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 9,154 shares of company stock valued at $3,132,798 in the last 90 days. 0.08% of the stock is owned by corporate insiders.

Home Depot Stock Performance

NYSE HD opened at $320.94 on Tuesday. The Home Depot, Inc. has a twelve month low of $289.10 and a twelve month high of $426.75. 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 stock has a market cap of $320.20 billion, a P/E ratio of 22.46, a PEG ratio of 3.53 and a beta of 0.95. The company’s 50-day simple moving average is $338.76 and its 200 day simple moving average is $335.58.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 EPS for the quarter, topping analysts’ consensus estimates of $4.73 by $0.19. The firm had revenue of $47.86 billion during the quarter, compared to analysts’ expectations of $47.24 billion. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter last year, the company earned $4.68 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, research analysts forecast that The Home Depot, Inc. will post 15 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Thursday, September 3rd will be given a dividend of $2.33 per share. This represents a $9.32 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Thursday, September 3rd. Home Depot’s dividend payout ratio (DPR) is 65.22%.

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.