The Home Depot, Inc. $HD Shares Purchased by Wealthspire Advisors LLC

Wealthspire Advisors LLC increased its holdings in The Home Depot, Inc. (NYSE:HD) by 4.8% in the 2nd quarter, HoldingsChannel reports. The fund owned 49,688 shares of the home improvement retailer’s stock after purchasing an additional 2,288 shares during the quarter. Wealthspire Advisors LLC’s holdings in Home Depot were worth $18,217,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HD. Mainstay Capital Management LLC ADV acquired a new position in Home Depot in the second quarter valued at about $263,000. WealthPlan Investment Management LLC purchased a new stake in shares of Home Depot in the 2nd quarter valued at approximately $1,149,000. Tower View Wealth Management LLC raised its stake in shares of Home Depot by 4.3% in the 2nd quarter. Tower View Wealth Management LLC now owns 16,196 shares of the home improvement retailer’s stock valued at $5,938,000 after acquiring an additional 671 shares during the period. Ransom Advisory Ltd acquired a new position in shares of Home Depot in the 1st quarter worth approximately $3,851,000. Finally, Shell Asset Management Co. boosted its position in shares of Home Depot by 45.2% during the 2nd quarter. Shell Asset Management Co. now owns 48,175 shares of the home improvement retailer’s stock worth $17,663,000 after purchasing an additional 15,002 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Transactions at Home Depot

In other news, EVP William D. Bastek sold 3,783 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $410.23, for a total value of $1,551,900.09. Following the transaction, the executive vice president owned 24,235 shares in the company, valued at approximately $9,941,924.05. This represents a 13.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Edward P. Decker sold 32,897 shares of the business’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $397.22, for a total value of $13,067,346.34. Following the sale, the chief executive officer owned 122,425 shares of the company’s stock, valued at approximately $48,629,658.50. The trade was a 21.18% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 44,466 shares of company stock valued at $17,859,432. 0.10% of the stock is currently owned by corporate insiders.

Home Depot Stock Performance

Shares of Home Depot stock opened at $336.55 on Wednesday. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $439.37. The business has a 50-day simple moving average of $390.33 and a 200-day simple moving average of $381.80. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15. The company has a market cap of $334.99 billion, a PE ratio of 22.86, a P/E/G ratio of 3.59 and a beta of 1.00.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.09). The firm had revenue of $41.35 billion during the quarter, compared to analyst estimates of $41.06 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. Home Depot’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.78 earnings per share. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. On average, equities research analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were given a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Thursday, September 4th. Home Depot’s dividend payout ratio is currently 62.50%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on HD. Wolfe Research started coverage on shares of Home Depot in a report on Thursday, September 18th. They issued an “outperform” rating and a $497.00 target price for the company. DZ Bank reaffirmed a “sell” rating on shares of Home Depot in a research note on Tuesday. Mizuho boosted their price objective on Home Depot from $435.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, August 20th. Weiss Ratings restated a “buy (b-)” rating on shares of Home Depot in a report on Thursday, November 13th. Finally, Telsey Advisory Group dropped their target price on Home Depot from $455.00 to $430.00 and set an “outperform” rating for the company in a research report on Wednesday. Seventeen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $417.71.

Home Depot Profile

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.