The Home Depot, Inc. $HD Stock Purchased by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. increased its stake in The Home Depot, Inc. (NYSE:HD) by 9.9% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 178,971 shares of the home improvement retailer’s stock after buying an additional 16,061 shares during the period. Rakuten Investment Management Inc.’s holdings in Home Depot were worth $51,551,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Zeit Capital LLC purchased a new stake in shares of Home Depot in the second quarter worth $26,000. Principia Wealth Advisory LLC raised its position in shares of Home Depot by 60.4% in the 2nd quarter. Principia Wealth Advisory LLC now owns 85 shares of the home improvement retailer’s stock worth $30,000 after purchasing an additional 32 shares during the last quarter. Navigoe LLC purchased a new position in shares of Home Depot in the 2nd quarter worth about $32,000. Gould Capital LLC boosted its stake in Home Depot by 58.7% in the 1st quarter. Gould Capital LLC now owns 100 shares of the home improvement retailer’s stock worth $33,000 after purchasing an additional 37 shares in the last quarter. Finally, Next Level Wealth Planning LLC bought a new position in Home Depot in the 3rd quarter worth about $28,000. Institutional investors own 70.86% of the company’s stock.

More Home Depot News

Here are the key news stories impacting Home Depot this week:

• Positive Sentiment: Home Depot recently beat earnings expectations, supporting optimism about its ability to deliver results even in a challenging housing environment. Home Depot Stock Could Be Poised for a Turnaround
• Positive Sentiment: Coverage highlights Home Depot’s 17 consecutive years of dividend increases and its scale, which may help it remain resilient and sustain shareholder returns through a weak housing cycle. Home Depot Has Raised Its Dividend 17 Straight Years
• Neutral Sentiment: Analyst-oriented coverage says Home Depot has a record of earnings surprises and may be positioned to beat estimates again; this is a forecast, not a reported result. The company will hold its third-quarter earnings call on November 17. Will Home Depot Beat Estimates Again? Third Quarter Earnings Call Announcement
• Negative Sentiment: The stock’s weakness amid a broader-market uptick suggests investors remain cautious. Recent commentary cites a historically sluggish housing market and shares being down for the year as factors that could weigh on expectations for renovation-related spending. Home Depot Stock Falls Amid Market Uptick

Analysts Set New Price Targets

Several analysts recently commented on the stock. Argus reissued a “buy” rating and set a $400.00 price objective on shares of Home Depot in a research report on Wednesday, August 19th. Royal Bank Of Canada dropped their target price on shares of Home Depot from $343.00 to $342.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 19th. Wells Fargo & Company increased their price target on shares of Home Depot from $360.00 to $400.00 and gave the company an “overweight” rating in a report on Tuesday, August 11th. Sanford C. Bernstein cut their price target on shares of Home Depot from $354.00 to $344.00 and set a “market perform” rating on the stock in a report on Wednesday, September 9th. Finally, Guggenheim reissued a “buy” rating and set a $425.00 price target on shares of Home Depot in a research report on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $375.31.

Home Depot Trading Down 2.2%

Home Depot stock opened at $333.49 on Wednesday. The Home Depot, Inc. has a one year low of $277.15 and a one year high of $397.63. The business’s fifty day moving average is $308.48 and its 200 day moving average is $334.51. The stock has a market capitalization of $332.72 billion, a PE ratio of 23.34, a price-to-earnings-growth ratio of 2.43 and a beta of 0.93. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.08 and a quick ratio of 0.31.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share for the quarter, topping 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 business had revenue of $47.86 billion during the quarter, compared to analyst estimates of $47.24 billion. During the same quarter in the previous year, the firm earned $4.68 EPS. Home Depot’s revenue was up 5.7% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, sell-side analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd were paid a $2.33 dividend. The ex-dividend date was Thursday, September 3rd. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.8%. Home Depot’s payout ratio is currently 65.22%.

Insider Activity at Home Depot

In other news, EVP Michael Rowe sold 710 shares of the business’s stock in a transaction that occurred on 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 transaction, the executive vice president directly owned 6,838 shares of the company’s stock, valued at $2,302,764.88. The trade was a 9.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Kimberly Scardino sold 675 shares of the business’s stock in a transaction that occurred 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 transaction, the chief accounting officer directly owned 8,189 shares of the company’s stock, valued at $2,505,424.55. The trade was a 7.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 9,829 shares of company stock valued at $3,339,314. Insiders own 0.08% of the company’s stock.

Home Depot Profile

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.