Goldstone Financial Group LLC Boosts Stake in The Home Depot, Inc. $HD

Goldstone Financial Group LLC lifted its holdings in The Home Depot, Inc. (NYSE:HD) by 25.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,127 shares of the home improvement retailer’s stock after buying an additional 643 shares during the quarter. Goldstone Financial Group LLC’s holdings in Home Depot were worth $1,162,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of HD. NBC Securities Inc. raised its holdings in shares of Home Depot by 5.9% in the second quarter. NBC Securities Inc. now owns 10,768 shares of the home improvement retailer’s stock worth $3,948,000 after acquiring an additional 603 shares during the last quarter. Apella Capital LLC grew its position in Home Depot by 1.7% during the second quarter. Apella Capital LLC now owns 6,329 shares of the home improvement retailer’s stock valued at $2,327,000 after acquiring an additional 104 shares during the period. Heartwood Wealth Advisors LLC boosted its position in shares of Home Depot by 8.0% in the second quarter. Heartwood Wealth Advisors LLC now owns 2,696 shares of the home improvement retailer’s stock worth $988,000 after buying an additional 200 shares during the period. Mirabaud & Cie SA boosted its position in shares of Home Depot by 7.0% in the second quarter. Mirabaud & Cie SA now owns 3,060 shares of the home improvement retailer’s stock worth $1,122,000 after buying an additional 201 shares during the period. Finally, Gallacher Capital Management LLC boosted its holdings in Home Depot by 76.8% in the second quarter. Gallacher Capital Management LLC now owns 2,853 shares of the home improvement retailer’s stock valued at $1,046,000 after purchasing an additional 1,239 shares during the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Home Depot

In related news, CFO Richard V. Mcphail sold 3,369 shares of the company’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $403.66, for a total value of $1,359,930.54. Following the completion of the sale, the chief financial officer owned 45,455 shares in the company, valued at $18,348,365.30. This represents a 6.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Edward P. Decker sold 32,897 shares of the company’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $397.22, for a total transaction of $13,067,346.34. Following the completion of the sale, the chief executive officer owned 122,425 shares of the company’s stock, valued at approximately $48,629,658.50. This represents a 21.18% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 46,532 shares of company stock worth $18,648,987. 0.10% of the stock is owned by company insiders.

Home Depot Stock Down 0.0%

NYSE HD opened at $423.33 on Monday. The company has a current ratio of 1.15, a quick ratio of 0.34 and a debt-to-equity ratio of 4.31. The stock’s 50 day moving average is $390.03 and its two-hundred day moving average is $372.22. The company has a market capitalization of $421.38 billion, a price-to-earnings ratio of 28.76, a PEG ratio of 4.01 and a beta of 1.00. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 EPS for the quarter, missing the consensus estimate of $4.69 by ($0.01). The business had revenue of $45.28 billion during the quarter, compared to analyst estimates of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The firm’s revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Equities analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be given a dividend of $2.30 per share. The ex-dividend date is Thursday, September 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.2%. Home Depot’s payout ratio is presently 62.50%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on HD. Evercore ISI set a $400.00 target price on Home Depot and gave the stock an “outperform” rating in a report on Thursday, May 22nd. Telsey Advisory Group reiterated an “outperform” rating and set a $455.00 price target on shares of Home Depot in a research report on Tuesday, August 19th. DA Davidson restated a “buy” rating and issued a $450.00 target price on shares of Home Depot in a report on Tuesday, August 19th. Gordon Haskett lifted their target price on Home Depot from $350.00 to $360.00 in a report on Tuesday, May 20th. Finally, Stifel Nicolaus raised their target price on Home Depot from $425.00 to $432.00 and gave the stock a “buy” rating in a research report on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and a consensus target price of $432.52.

About Home Depot

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.