Horrell Capital Management Inc. Boosts Stock Position in The Home Depot, Inc. $HD

Horrell Capital Management Inc. increased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 2.2% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 27,427 shares of the home improvement retailer’s stock after purchasing an additional 597 shares during the period. Home Depot makes up approximately 4.1% of Horrell Capital Management Inc.’s holdings, making the stock its 7th largest position. Horrell Capital Management Inc.’s holdings in Home Depot were worth $10,056,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Legend Financial Advisors Inc. bought a new stake in shares of Home Depot in the second quarter valued at approximately $28,000. LFA Lugano Financial Advisors SA bought a new position in Home Depot during the second quarter worth $32,000. Legacy Investment Solutions LLC acquired a new position in Home Depot during the 2nd quarter valued at $35,000. Global X Japan Co. Ltd. acquired a new position in Home Depot during the 2nd quarter valued at $40,000. Finally, GFG Capital LLC bought a new stake in Home Depot in the 2nd quarter valued at $40,000. Institutional investors own 70.86% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on HD. Telsey Advisory Group restated an “outperform” rating and set a $455.00 price objective on shares of Home Depot in a report on Tuesday, August 19th. Weiss Ratings reissued a “buy (b)” rating on shares of Home Depot in a research report on Wednesday, October 8th. Mizuho boosted their price target on Home Depot from $435.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, August 20th. Oppenheimer raised their price objective on Home Depot from $400.00 to $420.00 and gave the stock a “market perform” rating in a research report on Thursday, September 25th. Finally, DA Davidson restated a “buy” rating and set a $450.00 price objective on shares of Home Depot in a research report on Tuesday, August 19th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $433.77.

Insider Activity at Home Depot

In other news, EVP Angie Brown sold 1,000 shares of the business’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total value of $404,070.00. Following the sale, the executive vice president owned 3,837 shares in the company, valued at approximately $1,550,416.59. The trade was a 20.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $1,551,900.09. Following the sale, the executive vice president owned 24,235 shares of the company’s stock, valued at $9,941,924.05. This trade represents a 13.50% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 48,835 shares of company stock valued at $19,623,432. Insiders own 0.10% of the company’s stock.

Home Depot Stock Up 1.0%

Shares of HD opened at $374.29 on Wednesday. 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 company has a 50-day moving average price of $395.90 and a two-hundred day moving average price of $381.83. The stock has a market cap of $372.56 billion, a price-to-earnings ratio of 25.43, a P/E/G ratio of 3.59 and a beta of 1.00. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37.

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

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were paid a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a yield of 2.5%. The ex-dividend date was Thursday, September 4th. Home Depot’s dividend payout ratio is currently 62.50%.

Home Depot Company 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.