The Home Depot, Inc. $HD Stock Purchased by Prairie Advisory LLC

Prairie Advisory LLC raised its holdings in The Home Depot, Inc. (NYSE:HD) by 82.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,714 shares of the home improvement retailer’s stock after purchasing an additional 4,382 shares during the quarter. Prairie Advisory LLC’s holdings in Home Depot were worth $2,764,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in Home Depot in the second quarter worth about $28,771,247,000. Bank of America Corp DE bought a new stake in Home Depot during the 2nd quarter worth about $5,780,468,000. Bank of New York Mellon Corp bought a new stake in Home Depot during the 2nd quarter worth about $2,777,396,000. Corient Private Wealth LP acquired a new position in Home Depot during the 2nd quarter valued at about $390,913,000. Finally, Legal & General Group Plc acquired a new position in Home Depot during the 2nd quarter valued at about $1,953,883,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Down 0.1%

Shares of NYSE:HD traded down $0.41 during trading on Monday, hitting $309.22. 1,512,043 shares of the company’s stock traded hands, compared to its average volume of 4,470,995. The Home Depot, Inc. has a 52 week low of $277.15 and a 52 week high of $397.63. The company has a current ratio of 1.08, a quick ratio of 0.31 and a debt-to-equity ratio of 2.64. The company has a market cap of $308.50 billion, a price-to-earnings ratio of 21.65, a price-to-earnings-growth ratio of 2.20 and a beta of 1.00. The company has a 50-day moving average price of $312.52 and a 200-day moving average price of $324.17.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.73 by $0.19. The business had revenue of $47.86 billion during the quarter, compared to analyst estimates of $47.24 billion. Home Depot had a return on equity of 106.42% and a net margin of 8.41%. Home Depot’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.68 EPS. 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 15.01 EPS 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 given a $2.33 dividend. This represents a $9.32 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Thursday, September 3rd. Home Depot’s dividend payout ratio (DPR) is 65.22%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on HD. Mizuho raised their target price on shares of Home Depot from $385.00 to $390.00 and gave the company an “outperform” rating in a research note on Wednesday, August 19th. KeyCorp reissued a “sector weight” rating on shares of Home Depot in a research note on Wednesday, August 19th. UBS Group restated a “buy” rating on shares of Home Depot in a report on Thursday, September 17th. TD Cowen restated a “buy” rating on shares of Home Depot in a report on Monday, August 10th. Finally, Melius Research set a $397.00 price objective on shares of Home Depot in a research note on Tuesday, October 6th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $375.93.

Insider Activity

In other news, CFO Richard V. Mcphail sold 5,989 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer directly owned 48,104 shares of the company’s stock, valued at approximately $16,759,433.60. This represents a 11.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael F. Rowe sold 710 shares of the firm’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $336.76, for a total transaction of $239,099.60. Following the completion of the sale, the executive vice president owned 6,838 shares of the company’s stock, valued at $2,302,764.88. This trade represents a 9.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 9,829 shares of company stock valued at $3,339,314 over the last quarter. 0.08% of the stock is currently owned by company insiders.

About Home Depot

The Home Depot, Inc is a home improvement retailer serving do-it-yourself customers, professional contractors, and other building and maintenance professionals. The company sells a broad selection of building materials, hardware, tools, appliances, paint, plumbing and electrical supplies, flooring, lighting, lawn and garden products, and home décor.

In addition to merchandise, Home Depot offers services such as product delivery, tool and equipment rental, credit services, and installation for selected products.