KG&L Capital Management LLC Has $3.10 Million Stock Holdings in The Home Depot, Inc. $HD

KG&L Capital Management LLC raised its stake in shares of The Home Depot, Inc. (NYSE:HD) by 3.5% during the second quarter, Holdings Channel reports. The firm owned 8,455 shares of the home improvement retailer’s stock after buying an additional 288 shares during the period. Home Depot comprises 0.9% of KG&L Capital Management LLC’s holdings, making the stock its 28th biggest holding. KG&L Capital Management LLC’s holdings in Home Depot were worth $3,100,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Brighton Jones LLC increased its position in shares of Home Depot by 36.5% in the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock valued at $10,471,000 after buying an additional 7,203 shares in the last quarter. AdvisorNet Financial Inc boosted its stake in shares of Home Depot by 1.7% during the 1st quarter. AdvisorNet Financial Inc now owns 5,484 shares of the home improvement retailer’s stock worth $2,010,000 after buying an additional 92 shares during the last quarter. Rothschild Investment LLC boosted its stake in shares of Home Depot by 1.1% during the 1st quarter. Rothschild Investment LLC now owns 27,430 shares of the home improvement retailer’s stock worth $10,053,000 after buying an additional 302 shares during the last quarter. Doliver Advisors LP raised its holdings in shares of Home Depot by 3.1% in the 1st quarter. Doliver Advisors LP now owns 3,997 shares of the home improvement retailer’s stock valued at $1,465,000 after purchasing an additional 120 shares during the period. Finally, Legacy Financial Strategies LLC raised its holdings in shares of Home Depot by 4.0% in the 1st quarter. Legacy Financial Strategies LLC now owns 785 shares of the home improvement retailer’s stock valued at $288,000 after purchasing an additional 30 shares during the period. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Performance

NYSE HD opened at $410.16 on Friday. The company’s 50 day moving average is $399.85 and its 200-day moving average is $374.68. 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 firm has a market cap of $408.27 billion, a P/E ratio of 27.86, a price-to-earnings-growth ratio of 3.89 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 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 analysts’ expectations of $45.43 billion. During the same period in the prior year, the firm 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 earnings per share for the current year.

Home Depot Announces Dividend

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

Insiders Place Their Bets

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,483 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $413.23, for a total value of $2,265,740.09. Following the completion of the transaction, the executive vice president directly owned 16,057 shares in the company, valued at approximately $6,635,234.11. This represents a 25.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Edward P. Decker sold 32,897 shares of Home Depot stock in a transaction dated 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 transaction, the chief executive officer directly owned 122,425 shares of the company’s stock, valued at approximately $48,629,658.50. This trade represents a 21.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 48,835 shares of company stock worth $19,623,432. Company insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on HD. Oppenheimer raised their target price on shares of Home Depot from $400.00 to $420.00 and gave the stock a “market perform” rating in a report on Thursday. Stifel Nicolaus raised their target price on shares of Home Depot from $425.00 to $432.00 and gave the company a “buy” rating in a research report on Monday, August 18th. DA Davidson reiterated a “buy” rating and set a $450.00 price target on shares of Home Depot in a report on Tuesday, August 19th. JPMorgan Chase & Co. cut their price target on shares of Home Depot from $460.00 to $452.00 and set an “overweight” rating on the stock in a report on Wednesday, August 20th. Finally, Wolfe Research began coverage on shares of Home Depot in a research note on Thursday, September 18th. They set an “outperform” rating and a $497.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and a consensus target price of $436.40.

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.