The Home Depot, Inc. $HD Shares Bought by 1832 Asset Management L.P.

Key Points

• 1832 Asset Management L.P. increased its stake in The Home Depot by 2.7%, acquiring an additional 19,509 shares, bringing its total ownership to approximately 755,208 shares valued at $276.8 million.
• The Home Depot reported a quarterly earnings per share of $4.68, missing the consensus estimate by $0.01, while revenue was up 4.9% year-over-year at $45.28 billion.
• In recent analyst ratings, Evercore ISI set a price target of $400, while several other analysts have rated the stock as a Buy, with an average target price of $432.52.

1832 Asset Management L.P. increased its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 2.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 755,208 shares of the home improvement retailer's stock after purchasing an additional 19,509 shares during the period. 1832 Asset Management L.P. owned approximately 0.08% of Home Depot worth $276,776,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in Home Depot by 0.8% in the first quarter. Vanguard Group Inc. now owns 96,484,199 shares of the home improvement retailer's stock valued at $35,360,494,000 after buying an additional 720,447 shares in the last quarter. Asset Planning Services Inc. LA ADV increased its holdings in Home Depot by 99,400.7% in the first quarter. Asset Planning Services Inc. LA ADV now owns 18,975,772 shares of the home improvement retailer's stock valued at $6,954,431,000 after buying an additional 18,956,701 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Home Depot by 6.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 14,415,278 shares of the home improvement retailer's stock valued at $5,282,398,000 after buying an additional 891,326 shares in the last quarter. Northern Trust Corp increased its holdings in Home Depot by 13.3% in the fourth quarter. Northern Trust Corp now owns 12,149,890 shares of the home improvement retailer's stock valued at $4,726,186,000 after buying an additional 1,424,857 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in Home Depot by 39,194.1% in the first quarter. GAMMA Investing LLC now owns 10,236,903 shares of the home improvement retailer's stock valued at $37,517,230,000 after buying an additional 10,210,851 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company's stock.

Home Depot Price Performance

HD traded up $15.2960 on Friday, reaching $412.9960. 5,283,627 shares of the company's stock were exchanged, compared to its average volume of 3,607,990. The stock has a market cap of $410.90 billion, a PE ratio of 28.06, a P/E/G ratio of 3.91 and a beta of 1.00. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37. The stock's fifty day moving average price is $374.52 and its 200-day moving average price is $370.97. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.34.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share for the quarter, missing analysts' consensus estimates of $4.69 by ($0.01). The business had revenue of $45.28 billion for the quarter, compared to analyst estimates of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The business's revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Sell-side analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be given 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 yield of 2.2%. Home Depot's payout ratio is presently 62.50%.

Analyst Ratings Changes

Several analysts have recently issued reports on HD shares. Robert W. Baird lifted their target price on shares of Home Depot from $425.00 to $450.00 and gave the company an "outperform" rating in a research report on Wednesday. Morgan Stanley lifted their target price on shares of Home Depot from $415.00 to $430.00 and gave the company an "overweight" rating in a research report on Wednesday. DA Davidson reiterated a "buy" rating and issued a $450.00 target price on shares of Home Depot in a research report on Tuesday, August 19th. Sanford C. Bernstein reiterated a "market perform" rating and issued a $398.00 target price (up previously from $380.00) on shares of Home Depot in a research report on Wednesday, May 21st. Finally, Mizuho lifted their target price on shares of Home Depot from $435.00 to $450.00 and gave the company an "outperform" rating in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Home Depot has an average rating of "Moderate Buy" and a consensus price target of $432.52.

Insider Activity

In other Home Depot news, EVP Angie Brown sold 1,000 shares of the business'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 transaction, the executive vice president directly owned 3,837 shares in the company, valued at $1,550,416.59. The trade was a 20.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the business's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $369.28, for a total transaction of $1,996,327.68. Following the completion of the transaction, the executive vice president owned 17,367 shares in the company, valued at $6,413,285.76. The trade was a 23.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 42,672 shares of company stock valued at $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.