Transcend Capital Advisors LLC Has $8.08 Million Stock Position in The Home Depot, Inc. $HD

Transcend Capital Advisors LLC reduced its holdings in The Home Depot, Inc. (NYSE:HD) by 8.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 23,483 shares of the home improvement retailer’s stock after selling 2,225 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Home Depot were worth $8,080,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Tandem Capital Management Corp ADV increased its position in Home Depot by 16.5% in the 4th quarter. Tandem Capital Management Corp ADV now owns 5,462 shares of the home improvement retailer’s stock valued at $1,879,000 after acquiring an additional 774 shares during the period. Westside Investment Management Inc. increased its position in Home Depot by 5.7% in the 4th quarter. Westside Investment Management Inc. now owns 1,691 shares of the home improvement retailer’s stock valued at $583,000 after acquiring an additional 91 shares during the period. Legacy Bridge LLC increased its position in Home Depot by 4.5% in the 4th quarter. Legacy Bridge LLC now owns 5,689 shares of the home improvement retailer’s stock valued at $1,958,000 after acquiring an additional 247 shares during the period. Whitener Capital Management Inc. increased its position in Home Depot by 4.8% in the 4th quarter. Whitener Capital Management Inc. now owns 12,862 shares of the home improvement retailer’s stock valued at $4,426,000 after acquiring an additional 588 shares during the period. Finally, Retirement Guys Formula LLC increased its position in Home Depot by 48.6% in the 4th quarter. Retirement Guys Formula LLC now owns 4,394 shares of the home improvement retailer’s stock valued at $1,512,000 after acquiring an additional 1,437 shares during the period. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Home Depot

In related news, CFO Richard V. Mcphail sold 2,550 shares of the stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $368.89, for a total transaction of $940,669.50. Following the transaction, the chief financial officer directly owned 44,566 shares of the company’s stock, valued at $16,439,951.74. This represents a 5.41% 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 the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Jefferies Financial Group upped their price target on shares of Home Depot from $424.00 to $454.00 and gave the company a “buy” rating in a research report on Tuesday, February 24th. Daiwa Securities Group increased their price objective on shares of Home Depot from $360.00 to $390.00 and gave the stock a “neutral” rating in a research report on Thursday, February 26th. TD Cowen reiterated a “buy” rating on shares of Home Depot in a research report on Thursday, March 12th. Zacks Research upgraded shares of Home Depot from a “strong sell” rating to a “hold” rating in a research report on Monday, February 9th. Finally, Citigroup increased their price objective on shares of Home Depot from $407.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Twenty analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $414.17.

Home Depot Stock Up 1.1%

Shares of NYSE HD opened at $340.91 on Tuesday. The firm has a market cap of $339.55 billion, a PE ratio of 23.96, a P/E/G ratio of 3.69 and a beta of 1.09. The Home Depot, Inc. has a 12-month low of $315.31 and a 12-month high of $426.75. The company’s fifty day simple moving average is $355.68 and its 200 day simple moving average is $363.93. The company has a quick ratio of 0.26, a current ratio of 1.06 and a debt-to-equity ratio of 3.62.

Home Depot (NYSE:HD) last issued its 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. The business had revenue of $38.20 billion for the quarter, compared to analyst estimates of $38.01 billion. Home Depot had a net margin of 8.60% and a return on equity of 134.32%. Home Depot’s revenue was down 3.8% on a year-over-year basis. During the same period in the prior year, the firm earned $3.13 earnings per share. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. As a group, sell-side analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 12th were paid a dividend of $2.33 per share. This is a boost from Home Depot’s previous quarterly dividend of $2.30. This represents a $9.32 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Thursday, March 12th. Home Depot’s payout ratio is currently 65.50%.

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.