Woodline Partners LP Purchases 24,273 Shares of The Home Depot, Inc. $HD

Woodline Partners LP raised its stake in shares of The Home Depot, Inc. (NYSE:HD) by 40.7% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 83,924 shares of the home improvement retailer’s stock after purchasing an additional 24,273 shares during the period. Woodline Partners LP’s holdings in Home Depot were worth $30,757,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in HD. Abound Financial LLC bought a new position in shares of Home Depot during the 1st quarter valued at about $31,000. Iron Horse Wealth Management LLC boosted its holdings in shares of Home Depot by 86.8% during the 1st quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer’s stock valued at $36,000 after purchasing an additional 46 shares during the last quarter. Quest 10 Wealth Builders Inc. boosted its holdings in shares of Home Depot by 35.7% during the 1st quarter. Quest 10 Wealth Builders Inc. now owns 114 shares of the home improvement retailer’s stock valued at $42,000 after purchasing an additional 30 shares during the last quarter. Spurstone Advisory Services LLC bought a new position in shares of Home Depot during the 4th quarter valued at about $45,000. Finally, Vega Investment Solutions bought a new position in shares of Home Depot during the 4th quarter valued at about $46,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Down 1.1%

Shares of NYSE HD opened at $415.53 on Wednesday. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.34. The company has a market cap of $413.61 billion, a P/E ratio of 28.23, a PEG ratio of 3.98 and a beta of 1.00. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37. The firm has a 50-day simple moving average of $387.12 and a two-hundred day simple moving average of $371.68.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (EPS) for the quarter, missing the consensus estimate 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 return on equity of 193.99% and a net margin of 8.86%.The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the previous year, the business earned $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Research analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

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

Insiders Place Their Bets

In other Home Depot news, CFO Richard V. Mcphail sold 3,369 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $18,348,365.30. This trade represents a 6.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the firm’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $413.23, for a total transaction of $2,265,740.09. Following the completion of the sale, the executive vice president directly owned 16,057 shares of the company’s stock, valued at approximately $6,635,234.11. The trade was a 25.45% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 46,532 shares of company stock valued at $18,648,987 over the last quarter. Corporate insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

HD has been the subject of several research reports. Jefferies Financial Group dropped their price objective on shares of Home Depot from $461.00 to $456.00 in a report on Tuesday, May 20th. Morgan Stanley increased their price target on shares of Home Depot from $415.00 to $430.00 and gave the company an “overweight” rating in a report on Wednesday, August 20th. DA Davidson reaffirmed a “buy” rating and issued a $450.00 price target on shares of Home Depot in a report on Tuesday, August 19th. Gordon Haskett increased their price target on shares of Home Depot from $350.00 to $360.00 in a report on Tuesday, May 20th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $455.00 price target on shares of Home Depot in a report on Tuesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and an average price target of $432.52.

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.