853 Shares in The Home Depot, Inc. $HD Acquired by XY Planning Network Inc.

Key Points

• XY Planning Network Inc. acquired 853 shares of The Home Depot, valued at approximately $313,000, during the 2nd quarter.
• Insider trading revealed that executives sold over 48,000 shares in the last three months, totaling approximately $19.6 million.
• Analysts have set a consensus price target of $436.40 for Home Depot, with multiple firms issuing "outperform" ratings recently.

XY Planning Network Inc. bought a new stake in The Home Depot, Inc. (NYSE:HD - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 853 shares of the home improvement retailer's stock, valued at approximately $313,000.

A number of other institutional investors also recently made changes to their positions in the stock. Brighton Jones LLC grew its holdings in shares of Home Depot by 36.5% during the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer's stock valued at $10,471,000 after purchasing an additional 7,203 shares during the last quarter. Fifth Third Wealth Advisors LLC boosted its position in shares of Home Depot by 9.0% in the first quarter. Fifth Third Wealth Advisors LLC now owns 39,688 shares of the home improvement retailer's stock worth $14,545,000 after buying an additional 3,293 shares during the period. Bowman & Co S.C. boosted its position in shares of Home Depot by 5.0% in the first quarter. Bowman & Co S.C. now owns 9,324 shares of the home improvement retailer's stock worth $3,419,000 after buying an additional 447 shares during the period. Abner Herrman & Brock LLC boosted its position in Home Depot by 2.0% during the first quarter. Abner Herrman & Brock LLC now owns 36,245 shares of the home improvement retailer's stock valued at $13,284,000 after purchasing an additional 719 shares during the last quarter. Finally, Aletheian Wealth Advisors LLC boosted its position in Home Depot by 16.1% during the first quarter. Aletheian Wealth Advisors LLC now owns 1,119 shares of the home improvement retailer's stock valued at $410,000 after purchasing an additional 155 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP William D. Bastek sold 2,303 shares of the firm's stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $423.12, for a total transaction of $974,445.36. Following the transaction, the executive vice president directly owned 24,235 shares of the company's stock, valued at approximately $10,254,313.20. This trade represents a 8.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Richard V. Mcphail sold 3,369 shares of the firm's stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $403.66, for a total transaction of $1,359,930.54. Following the transaction, the chief financial officer directly owned 45,455 shares in the company, valued at $18,348,365.30. This represents a 6.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 48,835 shares of company stock worth $19,623,432 in the last three months. Insiders own 0.10% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on HD shares. Wolfe Research started coverage on Home Depot in a research report on Thursday, September 18th. They set an "outperform" rating and a $497.00 price objective for the company. Robert W. Baird lifted their price objective on Home Depot from $425.00 to $450.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 20th. Morgan Stanley lifted their target price on Home Depot from $415.00 to $430.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 20th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $455.00 price objective on shares of Home Depot in a report on Tuesday, August 19th. Finally, TD Securities cut shares of Home Depot to a "buy" rating in a research report on Monday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $436.40.

Home Depot Price Performance

HD opened at $410.16 on Monday. 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 Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37. The company has a fifty day simple moving average of $399.85 and a 200 day simple moving average of $374.87. The stock has a market cap of $408.27 billion, a P/E ratio of 27.86, a P/E/G ratio of 3.89 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last released 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%. Home Depot's quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior 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 expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were paid a $2.30 dividend. This represents a $9.20 annualized dividend and a yield of 2.2%. The ex-dividend date was Thursday, September 4th. Home Depot's dividend payout ratio (DPR) is 62.50%.

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.

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