Heritage Financial Services LLC Purchases 116 Shares of The Home Depot, Inc. $HD

Heritage Financial Services LLC boosted its position in The Home Depot, Inc. (NYSE:HD) by 8.1% in the second quarter, Holdings Channel.com reports. The firm owned 1,553 shares of the home improvement retailer’s stock after purchasing an additional 116 shares during the quarter. Heritage Financial Services LLC’s holdings in Home Depot were worth $569,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in HD. Brighton Jones LLC increased its holdings in Home Depot by 36.5% in the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock valued at $10,471,000 after purchasing an additional 7,203 shares during the period. Apella Capital LLC raised its position in shares of Home Depot by 9.9% during the first quarter. Apella Capital LLC now owns 6,225 shares of the home improvement retailer’s stock worth $2,212,000 after acquiring an additional 561 shares during the last quarter. Strategic Planning Group LLC boosted its holdings in Home Depot by 20.0% in the first quarter. Strategic Planning Group LLC now owns 8,687 shares of the home improvement retailer’s stock valued at $3,184,000 after acquiring an additional 1,447 shares during the last quarter. Lakeshore Capital Group Inc. increased its position in Home Depot by 1.8% during the 1st quarter. Lakeshore Capital Group Inc. now owns 1,721 shares of the home improvement retailer’s stock valued at $631,000 after purchasing an additional 31 shares during the period. Finally, Brave Asset Management Inc. raised its holdings in Home Depot by 3.6% during the 1st quarter. Brave Asset Management Inc. now owns 2,074 shares of the home improvement retailer’s stock worth $760,000 after purchasing an additional 73 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Home Depot Stock Down 1.9%

HD stock opened at $397.46 on Thursday. The company’s 50 day moving average is $401.81 and its 200 day moving average is $375.61. The stock has a market cap of $395.63 billion, a price-to-earnings ratio of 27.00, a price-to-earnings-growth ratio of 3.84 and a beta of 1.01. 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 Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $45.43 billion. During the same period in the previous year, the company earned $4.60 EPS. Home Depot’s quarterly 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. Sell-side analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were issued a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Thursday, September 4th. Home Depot’s dividend payout ratio is presently 62.50%.

Analyst Ratings Changes

A number of analysts have commented on the stock. Mizuho upped their price target on shares of Home Depot from $435.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, August 20th. Robert W. Baird lifted their target price on Home Depot from $425.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, August 20th. Stifel Nicolaus increased their price target on Home Depot from $425.00 to $432.00 and gave the stock a “buy” rating in a report on Monday, August 18th. DA Davidson reiterated a “buy” rating and issued a $450.00 price objective on shares of Home Depot in a research note on Tuesday, August 19th. Finally, Wells Fargo & Company increased their target price on shares of Home Depot from $420.00 to $450.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $436.40.

Insider Activity

In related news, EVP Teresa Wynn Roseborough sold 5,483 shares of the firm’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $413.23, for a total transaction of $2,265,740.09. Following the transaction, the executive vice president directly owned 16,057 shares of the company’s stock, valued at approximately $6,635,234.11. This trade represents a 25.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Angie Brown sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $404.07, for a total value of $404,070.00. Following the completion of the sale, the executive vice president directly owned 3,837 shares of the company’s stock, valued at approximately $1,550,416.59. This represents a 20.67% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 48,835 shares of company stock worth $19,623,432. 0.10% of the stock is currently owned by insiders.

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.