Magnolia Capital Advisors LLC Purchases New Shares in The Home Depot, Inc. $HD

Magnolia Capital Advisors LLC purchased a new position in The Home Depot, Inc. (NYSE:HD) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 9,948 shares of the home improvement retailer’s stock, valued at approximately $3,508,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. BlackRock Inc. purchased a new position in shares of Home Depot in the second quarter worth approximately $28,771,247,000. Norges Bank purchased a new stake in shares of Home Depot in the 4th quarter valued at approximately $4,850,329,000. Bank of New York Mellon Corp purchased a new stake in shares of Home Depot in the 2nd quarter valued at approximately $2,777,396,000. Legal & General Group Plc acquired a new position in Home Depot in the 2nd quarter worth approximately $1,953,883,000. Finally, Wellington Management Group LLP boosted its stake in Home Depot by 60.8% in the 3rd quarter. Wellington Management Group LLP now owns 10,143,089 shares of the home improvement retailer’s stock worth $4,109,878,000 after purchasing an additional 3,836,051 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Trading Down 0.5%

Home Depot stock opened at $328.52 on Tuesday. The Home Depot, Inc. has a 12 month low of $289.10 and a 12 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 $327.76 billion, a P/E ratio of 22.99, a P/E/G ratio of 3.64 and a beta of 0.95. The company’s fifty day simple moving average is $341.00 and its 200-day simple moving average is $338.03.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $47.24 billion. During the same quarter last year, the firm earned $4.68 earnings per share. The business’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. As a group, sell-side analysts forecast that The Home Depot, Inc. will post 15 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Thursday, September 3rd will be paid a $2.33 dividend. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $9.32 annualized dividend and a dividend yield of 2.8%. Home Depot’s payout ratio is presently 65.22%.

Insider Activity at Home Depot

In related news, CFO Richard V. Mcphail sold 5,989 shares of the 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 transaction, the chief financial officer owned 48,104 shares in the company, valued at approximately $16,759,433.60. This represents a 11.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Teresa Wynn Roseborough sold 2,455 shares of the firm’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $328.77, for a total transaction of $807,130.35. Following the transaction, the executive vice president directly owned 14,061 shares in the company, valued at approximately $4,622,834.97. The trade was a 14.86% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 9,154 shares of company stock valued at $3,132,798. 0.08% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have issued reports on the stock. DA Davidson reissued a “buy” rating and set a $377.00 target price on shares of Home Depot in a research note on Wednesday, August 19th. Robert W. Baird decreased their target price on Home Depot from $430.00 to $380.00 and set an “outperform” rating for the company in a research report on Wednesday, May 20th. Telsey Advisory Group lowered their price target on Home Depot from $435.00 to $410.00 and set an “outperform” rating on the stock in a report on Wednesday, May 20th. HSBC dropped their price target on Home Depot from $392.00 to $310.00 and set a “hold” rating on the stock in a research report on Wednesday, May 20th. Finally, Bank of America started coverage on Home Depot in a research report on Tuesday, May 5th. They set a “buy” rating and a $374.00 price objective for the company. Eighteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $375.54.

About Home Depot

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.