Stegent Equity Advisors Inc. Buys 164 Shares of The Home Depot, Inc. $HD

Stegent Equity Advisors Inc. grew its stake in The Home Depot, Inc. (NYSE:HD) by 20.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 980 shares of the home improvement retailer’s stock after purchasing an additional 164 shares during the period. Stegent Equity Advisors Inc.’s holdings in Home Depot were worth $359,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of HD. Legend Financial Advisors Inc. bought a new stake in shares of Home Depot in the 2nd quarter valued at approximately $28,000. Abound Financial LLC acquired a new position in shares of Home Depot in the 1st quarter worth approximately $31,000. Iron Horse Wealth Management LLC boosted its holdings in shares of Home Depot by 86.8% in the 1st quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer’s stock worth $36,000 after acquiring an additional 46 shares in the last quarter. Global X Japan Co. Ltd. acquired a new position in shares of Home Depot in the 2nd quarter worth approximately $40,000. Finally, GFG Capital LLC acquired a new position in shares of Home Depot in the 2nd quarter worth approximately $40,000. 70.86% of the stock is currently owned by institutional investors.

Home Depot Stock Up 0.5%

Shares of HD opened at $386.83 on Friday. The firm has a market capitalization of $385.04 billion, a price-to-earnings ratio of 26.28, a PEG ratio of 3.67 and a beta of 1.00. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15. The business’s fifty day moving average price is $402.68 and its two-hundred day moving average price is $379.51. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $439.37.

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

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were paid a $2.30 dividend. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.4%. Home Depot’s dividend payout ratio is 62.50%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. JPMorgan Chase & Co. reduced their target price on Home Depot from $460.00 to $452.00 and set an “overweight” rating on the stock in a report on Wednesday, August 20th. Wolfe Research assumed coverage on Home Depot in a report on Thursday, September 18th. They issued an “outperform” rating and a $497.00 target price on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Home Depot in a report on Saturday. Robert W. Baird boosted 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. Finally, Morgan Stanley boosted their target price on Home Depot from $415.00 to $430.00 and gave the stock an “overweight” rating 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $435.42.

Insider Buying and Selling

In other news, CFO Richard V. Mcphail sold 3,369 shares of the stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $403.66, for a total value of $1,359,930.54. Following the transaction, the chief financial officer owned 45,455 shares of the company’s stock, valued at $18,348,365.30. This represents a 6.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP William D. Bastek sold 3,783 shares of the stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $410.23, for a total value of $1,551,900.09. Following the completion of the transaction, the executive vice president directly owned 24,235 shares in the company, valued at approximately $9,941,924.05. This trade represents a 13.50% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 48,835 shares of company stock worth $19,623,432 over the last 90 days. 0.10% of the stock is currently owned by corporate insiders.

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.