Compass Financial Management Invests in The Home Depot Amid Strong Earnings
Compass Financial Management LLC has taken a new position in The Home Depot, Inc. (NYSE:HD), purchasing 3,520 shares of its stock valued at approximately $1,238,000 in the second quarter, according to the company's most recent filing with the Securities and Exchange Commission.
This is not an isolated instance; several other institutional investors have also bought new stakes in Home Depot during the same period. BlackRock Inc., for example, purchased a new position worth $28,771,247,000, while Bank of America Corp DE acquired a new stake valued at about $5,780,468,000.
Home Depot's stock performance has been notable, with shares opening at $320.94 on Monday and having a market capitalization of $320.20 billion. The company's debt-to-equity ratio is 2.64, and its current ratio stands at 1.08.
The home improvement retailer reported earnings per share (EPS) of $4.92 for the quarter, surpassing analysts' consensus estimates of $4.73. Revenue reached $47.86 billion, exceeding the predicted $47.24 billion. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS.