Atticus Wealth Management LLC Purchases 1,211 Shares of The Home Depot, Inc. $HD

Key Points

• Atticus Wealth Management LLC increased its stake in The Home Depot, Inc. by 36.9%, acquiring an additional 1,211 shares, bringing its total holdings to 4,497 shares valued at approximately $1.65 million.
• Various analysts have raised their target prices for Home Depot's stock with the consensus now at $435.00, and the stock is rated as a "Moderate Buy" by analysts.
• The company reported a missed earnings consensus for the last quarter at $4.68 EPS against an estimate of $4.69, while revenue was $45.28 billion, below projections of $45.43 billion.

Atticus Wealth Management LLC increased its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 36.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,497 shares of the home improvement retailer's stock after purchasing an additional 1,211 shares during the quarter. Atticus Wealth Management LLC's holdings in Home Depot were worth $1,649,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Client 1ST Advisory Group LLC grew its stake in Home Depot by 1.5% in the first quarter. Client 1ST Advisory Group LLC now owns 1,878 shares of the home improvement retailer's stock worth $688,000 after purchasing an additional 27 shares in the last quarter. Invst LLC lifted its holdings in Home Depot by 0.4% during the fourth quarter. Invst LLC now owns 6,738 shares of the home improvement retailer's stock worth $2,621,000 after buying an additional 28 shares during the period. Financial Insights Inc. lifted its holdings in Home Depot by 3.3% during the first quarter. Financial Insights Inc. now owns 880 shares of the home improvement retailer's stock worth $323,000 after buying an additional 28 shares during the period. Wayfinding Financial LLC lifted its holdings in Home Depot by 1.2% during the first quarter. Wayfinding Financial LLC now owns 2,353 shares of the home improvement retailer's stock worth $862,000 after buying an additional 28 shares during the period. Finally, Pure Portfolios Holdings LLC lifted its holdings in Home Depot by 4.7% during the first quarter. Pure Portfolios Holdings LLC now owns 623 shares of the home improvement retailer's stock worth $228,000 after buying an additional 28 shares during the period. Institutional investors own 70.86% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on HD shares. Robert W. Baird upped their target price on Home Depot from $425.00 to $450.00 and gave the stock an "outperform" rating in a report on Wednesday, August 20th. DA Davidson restated a "buy" rating and set a $450.00 target price on shares of Home Depot in a report on Tuesday, August 19th. Stifel Nicolaus upped their target price on Home Depot from $425.00 to $432.00 and gave the stock a "buy" rating in a report on Monday, August 18th. JPMorgan Chase & Co. lowered their target price on Home Depot from $460.00 to $452.00 and set an "overweight" rating for the company in a report on Wednesday, August 20th. Finally, Truist Financial upped their target price on Home Depot from $417.00 to $433.00 and gave the stock a "buy" rating in a report on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Home Depot currently has a consensus rating of "Moderate Buy" and a consensus price target of $435.00.

Home Depot Price Performance

NYSE HD opened at $417.66 on Friday. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.34. The stock's fifty day moving average price is $394.02 and its 200 day moving average price is $373.24. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37. The company has a market cap of $415.73 billion, a price-to-earnings ratio of 28.37, a PEG ratio of 3.95 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last released 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). Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The firm had revenue of $45.28 billion during the quarter, compared to analyst estimates of $45.43 billion. During the same period in the previous year, the company earned $4.60 earnings per share. Home Depot's 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. As a group, equities research analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were given 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 was Thursday, September 4th. Home Depot's dividend payout ratio is presently 62.50%.

Insider Transactions at Home Depot

In related news, EVP Teresa Wynn Roseborough sold 5,483 shares of the company's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $413.23, for a total value of $2,265,740.09. Following the transaction, the executive vice president directly owned 16,057 shares of the company's stock, valued at $6,635,234.11. This represents a 25.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Richard V. Mcphail sold 3,369 shares of the company's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $403.66, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 48,835 shares of company stock worth $19,623,432 over the last 90 days. Insiders own 0.10% of the company's stock.

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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