BXM Wealth LLC Acquires 4,926 Shares of The Home Depot, Inc. $HD

BXM Wealth LLC boosted its holdings in The Home Depot, Inc. (NYSE:HD) by 437.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,052 shares of the home improvement retailer’s stock after acquiring an additional 4,926 shares during the quarter. BXM Wealth LLC’s holdings in Home Depot were worth $2,082,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in HD. Parvin Asset Management LLC lifted its position in Home Depot by 110.0% in the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock valued at $26,000 after acquiring an additional 33 shares in the last quarter. Sagard Holdings Management Inc. bought a new position in Home Depot in the 2nd quarter valued at about $29,000. Financially Speaking Inc purchased a new stake in Home Depot in the 3rd quarter valued at about $31,000. Disciplined Equity Management Inc. purchased a new stake in Home Depot in the 4th quarter valued at about $34,000. Finally, Imprint Wealth LLC purchased a new stake in Home Depot in the 3rd quarter valued at about $34,000. Institutional investors own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

HD has been the subject of several analyst reports. UBS Group reiterated an “outperform” rating on shares of Home Depot in a research note on Tuesday, March 24th. Royal Bank Of Canada increased their price objective on shares of Home Depot from $363.00 to $377.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 25th. Zacks Research upgraded shares of Home Depot from a “strong sell” rating to a “hold” rating in a research note on Monday, February 9th. Robert W. Baird increased their price objective on shares of Home Depot from $400.00 to $430.00 and gave the company an “outperform” rating in a research note on Tuesday, February 17th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Home Depot in a research note on Wednesday, February 25th. Twenty research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and a consensus target price of $414.17.

Insider Activity

In related news, CFO Richard V. Mcphail sold 2,550 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $368.89, for a total value of $940,669.50. Following the completion of the transaction, the chief financial officer directly owned 44,566 shares of the company’s stock, valued at approximately $16,439,951.74. This trade represents a 5.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.10% of the stock is currently owned by insiders.

Home Depot Trading Up 1.5%

Shares of HD stock opened at $326.31 on Tuesday. The company has a 50 day moving average of $359.85 and a 200-day moving average of $366.64. The company has a quick ratio of 0.26, a current ratio of 1.06 and a debt-to-equity ratio of 3.62. The Home Depot, Inc. has a 12-month low of $318.66 and a 12-month high of $426.75. The firm has a market cap of $325.01 billion, a P/E ratio of 22.93, a PEG ratio of 3.51 and a beta of 1.09.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.52 by $0.20. Home Depot had a net margin of 8.60% and a return on equity of 134.32%. The company had revenue of $38.20 billion during the quarter, compared to analyst estimates of $38.01 billion. During the same quarter last year, the business posted $3.13 EPS. Home Depot’s quarterly revenue was down 3.8% compared to the same quarter last year. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. Sell-side analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th were paid 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 was Thursday, March 12th. This is an increase from Home Depot’s previous quarterly dividend of $2.30. Home Depot’s dividend payout ratio (DPR) is 65.50%.

Home Depot 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.