Arvest Investments Inc. Purchases New Shares in The Home Depot, Inc. $HD

Key Points

• Arvest Investments Inc. has acquired 3,261 shares of The Home Depot, valued at approximately $1,196,000 in the second quarter of the year.
• The Home Depot reported earnings per share (EPS) of $4.68 for the quarter, slightly missing analyst estimates, while quarterly revenue was $45.28 billion, up 4.9% year-over-year.
• The company announced a quarterly dividend of $2.30 per share, yielding 2.2%, to be paid on September 18th to shareholders of record as of September 4th.

Arvest Investments Inc. purchased a new stake in The Home Depot, Inc. (NYSE:HD - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,261 shares of the home improvement retailer's stock, valued at approximately $1,196,000.

Other institutional investors have also made changes to their positions in the company. Ransom Advisory Ltd bought a new position in shares of Home Depot in the first quarter valued at about $3,851,000. Financial Gravity Asset Management Inc. bought a new position in shares of Home Depot in the first quarter valued at about $406,000. Wealth Management Partners LLC raised its holdings in shares of Home Depot by 0.6% in the first quarter. Wealth Management Partners LLC now owns 6,506 shares of the home improvement retailer's stock valued at $2,384,000 after buying an additional 36 shares during the last quarter. Arbor Capital Management Inc. ADV raised its holdings in shares of Home Depot by 4.8% in the first quarter. Arbor Capital Management Inc. ADV now owns 4,784 shares of the home improvement retailer's stock valued at $1,757,000 after buying an additional 221 shares during the last quarter. Finally, Focus Partners Wealth raised its holdings in shares of Home Depot by 4.1% in the first quarter. Focus Partners Wealth now owns 423,287 shares of the home improvement retailer's stock valued at $155,131,000 after buying an additional 16,654 shares during the last quarter. 70.86% of the stock is owned by institutional investors.

Home Depot Price Performance

Home Depot stock opened at $423.33 on Friday. The firm has a market capitalization of $421.38 billion, a P/E ratio of 28.76, a PEG ratio of 4.01 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 business has a 50-day moving average of $390.03 and a 200-day moving average of $372.34. The company has a current ratio of 1.15, a quick ratio of 0.34 and a debt-to-equity ratio of 4.31.

Home Depot (NYSE:HD - Get Free Report) last posted its earnings results 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 company 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%.Home Depot's quarterly 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. On average, equities analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

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

Insider Activity at Home Depot

In other news, CFO Richard V. Mcphail sold 3,369 shares of the business's stock in a transaction dated 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 completion of the transaction, the chief financial officer directly owned 45,455 shares in the company, valued at approximately $18,348,365.30. The trade was a 6.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Angie Brown sold 1,000 shares of the business's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $404.07, for a total value of $404,070.00. Following the transaction, the executive vice president 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. In the last three months, insiders sold 46,532 shares of company stock worth $18,648,987. 0.10% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on HD shares. 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 boosted their price objective on Home Depot from $350.00 to $360.00 in a report on Tuesday, May 20th. Morgan Stanley boosted their price objective on Home Depot from $415.00 to $430.00 and gave the stock an "overweight" rating in a report on Wednesday, August 20th. TD Securities cut Home Depot to a "buy" rating in a report on Monday, June 2nd. Finally, Guggenheim reissued a "buy" rating and set a $450.00 price objective on shares of Home Depot in a report on Wednesday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $432.52.

Home Depot 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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