RB Capital Management LLC Increases Stock Position in The Home Depot, Inc. $HD

RB Capital Management LLC increased its position in shares of The Home Depot, Inc. (NYSE:HD) by 1.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,480 shares of the home improvement retailer’s stock after acquiring an additional 154 shares during the period. RB Capital Management LLC’s holdings in Home Depot were worth $3,476,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of HD. Brighton Jones LLC increased its holdings in Home Depot by 36.5% during the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock worth $10,471,000 after acquiring an additional 7,203 shares during the period. Bank Pictet & Cie Europe AG increased its holdings in Home Depot by 4.9% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 12,204 shares of the home improvement retailer’s stock worth $4,747,000 after acquiring an additional 565 shares during the period. Redwood Investment Management LLC increased its holdings in Home Depot by 28.2% during the 4th quarter. Redwood Investment Management LLC now owns 2,467 shares of the home improvement retailer’s stock worth $960,000 after acquiring an additional 543 shares during the period. Sentinus LLC increased its holdings in Home Depot by 26.3% during the 4th quarter. Sentinus LLC now owns 1,053 shares of the home improvement retailer’s stock worth $410,000 after acquiring an additional 219 shares during the period. Finally, Sender Co & Partners Inc. increased its holdings in Home Depot by 24.7% during the 4th quarter. Sender Co & Partners Inc. now owns 4,250 shares of the home improvement retailer’s stock worth $1,653,000 after acquiring an additional 841 shares during the period. Institutional investors own 70.86% of the company’s stock.

Insider Transactions at Home Depot

In other news, EVP Angie Brown sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The shares were 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 trade represents a 20.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Edward P. Decker sold 32,897 shares of the firm’s stock in a transaction dated Thursday, August 21st. The stock was 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 directly owned 122,425 shares of the company’s stock, valued at approximately $48,629,658.50. This represents a 21.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 46,532 shares of company stock worth $18,648,987. 0.10% of the stock is owned by corporate insiders.

Home Depot Trading Down 0.0%

Shares of HD opened at $423.33 on Friday. The stock has a market capitalization of $421.38 billion, a P/E ratio of 28.76, a PEG ratio of 4.01 and a beta of 1.00. 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 fifty day simple moving average of $390.03 and a two-hundred day simple moving average of $372.34. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37.

Home Depot (NYSE:HD) last announced its quarterly earnings results 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). The firm had revenue of $45.28 billion for the quarter, compared to analysts’ expectations of $45.43 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The company’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the company earned $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, research analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be given a $2.30 dividend. This represents a $9.20 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, September 4th. Home Depot’s dividend payout ratio (DPR) is currently 62.50%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Guggenheim reaffirmed a “buy” rating and set a $450.00 target price on shares of Home Depot in a report on Wednesday, May 21st. Jefferies Financial Group decreased their price target on shares of Home Depot from $461.00 to $456.00 in a report on Tuesday, May 20th. Mizuho increased their price target on shares of Home Depot from $435.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, August 20th. Wells Fargo & Company increased their price target on shares of Home Depot from $420.00 to $450.00 and gave the stock an “overweight” rating in a report on Wednesday, August 20th. Finally, JPMorgan Chase & Co. decreased 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. 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. According to data from MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and an average 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.