The Home Depot, Inc. $HD Shares Purchased by Aptus Capital Advisors LLC

Key Points

• Aptus Capital Advisors LLC raised its position in The Home Depot by 10.2%, now holding $13.99 million worth of shares after acquiring an additional 3,542 shares.
• Analysts have mixed views on Home Depot, with 19 issuing a buy rating and a consensus target price of $427.76, reflecting optimism despite some recent target reductions.
• The company recently announced a quarterly dividend of $2.30 per share, yielding approximately 2.3% based on an annualized rate of $9.20.

Aptus Capital Advisors LLC raised its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 10.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,181 shares of the home improvement retailer's stock after buying an additional 3,542 shares during the period. Aptus Capital Advisors LLC's holdings in Home Depot were worth $13,993,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Watts Gwilliam & Co. LLC boosted its holdings in Home Depot by 66.0% in the first quarter. Watts Gwilliam & Co. LLC now owns 3,981 shares of the home improvement retailer's stock valued at $1,459,000 after purchasing an additional 1,583 shares during the period. Aviso Financial Inc. boosted its holdings in Home Depot by 7.7% in the first quarter. Aviso Financial Inc. now owns 6,284 shares of the home improvement retailer's stock valued at $2,303,000 after purchasing an additional 450 shares during the period. Granite Harbor Advisors Inc. boosted its holdings in Home Depot by 3.8% in the first quarter. Granite Harbor Advisors Inc. now owns 4,052 shares of the home improvement retailer's stock valued at $1,485,000 after purchasing an additional 150 shares during the period. Brooklyn Investment Group boosted its holdings in Home Depot by 31.1% in the first quarter. Brooklyn Investment Group now owns 7,990 shares of the home improvement retailer's stock valued at $2,928,000 after purchasing an additional 1,894 shares during the period. Finally, Prospector Partners LLC boosted its holdings in Home Depot by 0.3% in the first quarter. Prospector Partners LLC now owns 32,670 shares of the home improvement retailer's stock valued at $11,973,000 after purchasing an additional 84 shares during the period. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Home Depot

In other news, CEO Edward P. Decker sold 32,897 shares of the business's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $397.22, for a total value of $13,067,346.34. Following the completion of the sale, the chief executive officer directly owned 122,425 shares of the company's stock, valued at approximately $48,629,658.50. The trade was a 21.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 42,672 shares of company stock valued at $16,827,675 over the last quarter. Company insiders own 0.10% of the company's stock.

Home Depot Stock Up 3.8%

Home Depot stock traded up $15.2960 during midday trading on Friday, reaching $412.9960. The company's stock had a trading volume of 5,283,627 shares, compared to its average volume of 3,560,177. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two 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. The company has a market cap of $410.90 billion, a P/E ratio of 28.06, a P/E/G ratio of 3.81 and a beta of 1.00. The business has a 50-day simple moving average of $373.34 and a 200-day simple moving average of $371.56.

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). 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 during the quarter, compared to analyst estimates of $45.43 billion. During the same quarter in the prior year, the business earned $4.60 earnings per share. The firm's quarterly revenue was up 4.9% on a year-over-year basis. 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 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

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

Analyst Ratings Changes

A number of research firms recently issued reports on HD. Telsey Advisory Group reiterated an "outperform" rating and issued a $455.00 target price on shares of Home Depot in a report on Tuesday. Truist Financial lifted their target price on Home Depot from $417.00 to $433.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. Sanford C. Bernstein reiterated a "market perform" rating and issued a $398.00 target price (up from $380.00) on shares of Home Depot in a report on Wednesday, May 21st. Gordon Haskett lifted their target price on Home Depot from $350.00 to $360.00 in a report on Tuesday, May 20th. Finally, Guggenheim reiterated a "buy" rating and issued a $450.00 target price on shares of Home Depot in a report on Wednesday, May 21st. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Home Depot currently has an average rating of "Moderate Buy" and a consensus 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.