Jones Financial Companies Lllp lifted its stake in shares of The Home Depot, Inc. (NYSE:HD – Free Report) by 32.4% during the first quarter, Holdings Channel.com reports. The firm owned 117,570 shares of the home improvement retailer’s stock after buying an additional 28,755 shares during the period. Jones Financial Companies Lllp’s holdings in Home Depot were worth $42,176,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the stock. Ransom Advisory Ltd bought a new stake in shares of Home Depot during the first quarter worth approximately $3,851,000. Financial Gravity Asset Management Inc. bought a new stake in shares of Home Depot during the first quarter worth approximately $406,000. Wealth Management Partners LLC raised its stake in shares of Home Depot by 0.6% during the first quarter. Wealth Management Partners LLC now owns 6,506 shares of the home improvement retailer’s stock worth $2,384,000 after buying an additional 36 shares during the last quarter. Arbor Capital Management Inc. ADV raised its stake in shares of Home Depot by 4.8% during the first quarter. Arbor Capital Management Inc. ADV now owns 4,784 shares of the home improvement retailer’s stock worth $1,757,000 after buying an additional 221 shares during the last quarter. Finally, Focus Partners Wealth raised its stake in shares of Home Depot by 4.1% during the first quarter. Focus Partners Wealth now owns 423,287 shares of the home improvement retailer’s stock worth $155,131,000 after buying an additional 16,654 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.
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Insider Activity at Home Depot
In related news, EVP Teresa Wynn Roseborough sold 5,483 shares of the stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $413.23, for a total transaction of $2,265,740.09. Following the completion of the transaction, the executive vice president owned 16,057 shares in the company, valued at approximately $6,635,234.11. This represents a 25.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Edward P. Decker sold 32,897 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $397.22, for a total transaction of $13,067,346.34. Following the transaction, the chief executive officer owned 122,425 shares of the company’s stock, valued at $48,629,658.50. The trade was a 21.18% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 46,532 shares of company stock valued at $18,648,987 over the last three months. Insiders own 0.10% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on HD. Morgan Stanley boosted their price target on shares of Home Depot from $415.00 to $430.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 20th. JPMorgan Chase & Co. dropped their price target on shares of Home Depot from $460.00 to $452.00 and set an “overweight” rating for the company in a research note on Wednesday, August 20th. Guggenheim reissued a “buy” rating and set a $450.00 price target on shares of Home Depot in a research note on Wednesday, May 21st. Evercore ISI set a $400.00 price target on shares of Home Depot and gave the stock an “outperform” rating in a research note on Thursday, May 22nd. Finally, DA Davidson reaffirmed a “buy” rating and issued a $450.00 target price on shares of Home Depot in a research note on Tuesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and an average target price of $432.52.
View Our Latest Analysis on HD
Home Depot Stock Down 0.0%
Shares of HD stock opened at $423.33 on Monday. The firm has a fifty day moving average of $390.03 and a 200-day moving average of $372.22. The company has a quick ratio of 0.34, a current ratio of 1.15 and a debt-to-equity ratio of 4.31. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $439.37. The company has a market capitalization of $421.38 billion, a price-to-earnings ratio of 28.76, a P/E/G ratio of 4.01 and a beta of 1.00.
Home Depot (NYSE:HD – Get Free Report) last issued its quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.69 by ($0.01). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The company had revenue of $45.28 billion for the quarter, compared to the consensus estimate of $45.43 billion. During the same period in the prior year, the company earned $4.60 EPS. The firm’s revenue was up 4.9% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, equities research analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.
Home Depot Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be given a dividend of $2.30 per share. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.2%. Home Depot’s dividend payout ratio is currently 62.50%.
Home Depot Company Profile
(Free Report)
The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.
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