The Home Depot, Inc. $HD Shares Acquired by Oak Harvest Investment Services

Oak Harvest Investment Services increased its stake in The Home Depot, Inc. (NYSE:HD) by 12.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 31,046 shares of the home improvement retailer’s stock after acquiring an additional 3,389 shares during the period. Home Depot makes up 1.6% of Oak Harvest Investment Services’ investment portfolio, making the stock its 12th largest position. Oak Harvest Investment Services’ holdings in Home Depot were worth $11,378,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Navigoe LLC acquired a new stake in shares of Home Depot in the fourth quarter worth approximately $29,000. Abound Financial LLC purchased a new position in Home Depot in the first quarter valued at approximately $31,000. Iron Horse Wealth Management LLC raised its holdings in Home Depot by 86.8% in the first quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer’s stock valued at $36,000 after buying an additional 46 shares during the period. Quarry LP raised its holdings in Home Depot by 220.0% in the fourth quarter. Quarry LP now owns 96 shares of the home improvement retailer’s stock valued at $37,000 after buying an additional 66 shares during the period. Finally, Quest 10 Wealth Builders Inc. raised its holdings in Home Depot by 35.7% in the first quarter. Quest 10 Wealth Builders Inc. now owns 114 shares of the home improvement retailer’s stock valued at $42,000 after buying an additional 30 shares during the period. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Trading Up 3.8%

HD opened at $412.9960 on Friday. The firm has a market capitalization of $410.90 billion, a P/E ratio of 28.06, a P/E/G ratio of 3.91 and a beta of 1.00. The firm’s 50 day moving average is $374.52 and its 200-day moving average is $371.27. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37. The company has a quick ratio of 0.28, a current ratio of 1.15 and a debt-to-equity ratio of 4.31.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Analysts expect 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 will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be paid a dividend of $2.30 per share. The ex-dividend date is Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.2%. Home Depot’s dividend payout ratio (DPR) is currently 62.50%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Robert W. Baird raised their price target on shares of Home Depot from $425.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday. Gordon Haskett raised their price target on shares of Home Depot from $350.00 to $360.00 in a report on Tuesday, May 20th. DA Davidson restated a “buy” rating and issued a $450.00 price target on shares of Home Depot in a report on Tuesday, August 19th. Evercore ISI set a $400.00 price target on shares of Home Depot and gave the company an “outperform” rating in a report on Thursday, May 22nd. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $455.00 price target on shares of Home Depot in a report on Tuesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and an average price target of $432.52.

Insider Activity

In related news, CFO Richard V. Mcphail sold 3,369 shares of Home Depot stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $403.66, for a total value of $1,359,930.54. Following the completion of the sale, the chief financial officer owned 45,455 shares in the company, valued at approximately $18,348,365.30. The trade was a 6.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of Home Depot stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total transaction of $1,996,327.68. Following the completion of the sale, the executive vice president owned 17,367 shares of the company’s stock, valued at approximately $6,413,285.76. This trade represents a 23.74% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 42,672 shares of company stock worth $16,827,675. Company insiders own 0.10% of the company’s stock.

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.