Apollon Wealth Management LLC Acquires 3,752 Shares of The Home Depot, Inc. $HD

Key Points

• Apollon Wealth Management LLC increased its stake in Home Depot by 4.6%, acquiring an additional 3,752 shares, bringing its total holdings to 84,864 shares worth approximately $31.1 million.
• Home Depot recently reported quarterly earnings with an EPS of $4.68, slightly missing analysts' expectations, and announced a quarterly dividend of $2.30 per share, representing a yield of 2.4%.
• Analysts have variously upgraded their price targets for Home Depot, with projections ranging from $420 to $497, indicating strong confidence in the stock's future performance.

Apollon Wealth Management LLC grew its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 4.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 84,864 shares of the home improvement retailer's stock after buying an additional 3,752 shares during the period. Apollon Wealth Management LLC's holdings in Home Depot were worth $31,114,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of HD. Brighton Jones LLC boosted its holdings in shares of Home Depot by 36.5% during the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer's stock valued at $10,471,000 after buying an additional 7,203 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Home Depot by 7.2% in the 1st quarter. GAMMA Investing LLC now owns 27,932 shares of the home improvement retailer's stock worth $10,237,000 after purchasing an additional 1,880 shares during the last quarter. Smithbridge Asset Management Inc. DE purchased a new position in shares of Home Depot in the 1st quarter worth about $255,000. West Branch Capital LLC raised its position in shares of Home Depot by 4.0% in the 1st quarter. West Branch Capital LLC now owns 13,444 shares of the home improvement retailer's stock worth $4,927,000 after purchasing an additional 514 shares during the last quarter. Finally, Tudor Financial Inc. raised its position in shares of Home Depot by 1.0% in the 1st quarter. Tudor Financial Inc. now owns 3,159 shares of the home improvement retailer's stock worth $1,158,000 after purchasing an additional 31 shares during the last quarter. Institutional investors own 70.86% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Stifel Nicolaus lifted their price target on Home Depot from $425.00 to $432.00 and gave the stock a "buy" rating in a research report on Monday, August 18th. Oppenheimer lifted their price target on Home Depot from $400.00 to $420.00 and gave the stock a "market perform" rating in a research report on Thursday, September 25th. Truist Financial lifted their price target on Home Depot from $417.00 to $433.00 and gave the stock a "buy" rating in a research report on Wednesday, August 13th. Wolfe Research assumed coverage on Home Depot in a research report on Thursday, September 18th. They issued an "outperform" rating and a $497.00 price target for the company. Finally, DA Davidson reissued a "buy" rating and issued a $450.00 target price on shares of Home Depot in a research report on Tuesday, August 19th. One investment 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's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $435.42.

Home Depot Price Performance

Shares of NYSE:HD opened at $375.86 on Friday. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $439.37. The business has a 50-day simple moving average of $403.54 and a two-hundred day simple moving average of $377.20. 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 firm has a market cap of $374.13 billion, a price-to-earnings ratio of 25.53, a price-to-earnings-growth ratio of 3.56 and a beta of 1.00.

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

Home Depot Dividend Announcement

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

Insider Activity

In other news, EVP William D. Bastek sold 2,303 shares of the company's stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $423.12, for a total transaction of $974,445.36. Following the completion of the sale, the executive vice president owned 24,235 shares of the company's stock, valued at $10,254,313.20. This represents a 8.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Angie Brown sold 1,000 shares of the company's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total transaction of $404,070.00. Following the sale, the executive vice president directly owned 3,837 shares of the company's stock, valued at $1,550,416.59. The trade was a 20.67% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 48,835 shares of company stock worth $19,623,432. 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.

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