BCS Wealth Management Increases Stake in The Home Depot, Inc. $HD

Key Points

• BCS Wealth Management has raised its stake in The Home Depot, Inc. by 46.5%, now owning 2,372 shares worth approximately $870,000.
• Several institutional investors have significantly increased their holdings, with one firm boosting its stake by 99,400.7%, highlighting strong continued interest in Home Depot.
• The company recently reported earnings of $4.68 per share, missing analysts' estimates slightly, but its revenue showed a 4.9% increase year-over-year.

BCS Wealth Management increased its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 46.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,372 shares of the home improvement retailer's stock after acquiring an additional 753 shares during the period. BCS Wealth Management's holdings in Home Depot were worth $870,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Asset Planning Services Inc. LA ADV boosted its position in Home Depot by 99,400.7% in the first quarter. Asset Planning Services Inc. LA ADV now owns 18,975,772 shares of the home improvement retailer's stock valued at $6,954,431,000 after buying an additional 18,956,701 shares during the last quarter. GAMMA Investing LLC lifted its stake in Home Depot by 39,194.1% during the 1st quarter. GAMMA Investing LLC now owns 10,236,903 shares of the home improvement retailer's stock valued at $37,517,230,000 after acquiring an additional 10,210,851 shares during the period. Nuveen LLC purchased a new stake in shares of Home Depot in the 1st quarter valued at $2,076,592,000. Price T Rowe Associates Inc. MD increased its stake in shares of Home Depot by 19.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,253,292 shares of the home improvement retailer's stock worth $3,391,240,000 after acquiring an additional 1,494,261 shares during the period. Finally, Kingstone Capital Partners Texas LLC purchased a new position in shares of Home Depot during the second quarter worth $418,486,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on HD. Truist Financial upped their price target on shares of Home Depot from $417.00 to $433.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. DA Davidson reiterated a "buy" rating and set a $450.00 price target on shares of Home Depot in a research report on Tuesday, August 19th. JPMorgan Chase & Co. dropped their price objective on shares of Home Depot from $460.00 to $452.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 20th. Wells Fargo & Company increased their target price on shares of Home Depot from $420.00 to $450.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 20th. Finally, Wolfe Research began coverage on Home Depot in a research report on Thursday, September 18th. They issued an "outperform" rating and a $497.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Home Depot has an average rating of "Moderate Buy" and an average price target of $437.08.

Home Depot Stock Performance

HD opened at $410.82 on Wednesday. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37. The firm has a market capitalization of $408.93 billion, a PE ratio of 27.91, a PEG ratio of 3.91 and a beta of 1.00. The company has a current ratio of 1.15, a quick ratio of 0.34 and a debt-to-equity ratio of 4.31. The firm's 50-day moving average price is $396.82 and its 200 day moving average price is $373.84.

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 for the quarter, missing analysts' consensus estimates of $4.69 by ($0.01). The business had revenue of $45.28 billion during the quarter, compared to analysts' expectations of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The company's revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period last year, the business earned $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, sell-side analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

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

Insider Buying and Selling at Home Depot

In related news, CFO Richard V. Mcphail sold 3,369 shares of the firm's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $403.66, for a total transaction of $1,359,930.54. Following the completion of the sale, the chief financial officer directly owned 45,455 shares in the company, valued at approximately $18,348,365.30. This trade represents a 6.90% decrease in their ownership of the stock. 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 Home Depot stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $404.07, for a total transaction of $404,070.00. Following the transaction, the executive vice president directly owned 3,837 shares in the company, valued at $1,550,416.59. This trade represents a 20.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 48,835 shares of company stock worth $19,623,432. Corporate 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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