Bridgeway Capital Management LLC Purchases 5,104 Shares of The Home Depot, Inc. $HD

Key Points

• Bridgeway Capital Management LLC increased its stake in The Home Depot by 10.8% in Q1, acquiring an additional 5,104 shares, bringing its total holdings to 52,317 shares valued at approximately $19.2 million.
• Home Depot reported $4.68 EPS for the last quarter, falling slightly short of analysts' expectations of $4.69, while revenues reached $45.28 billion, up 4.9% year-over-year.
• The company has declared a quarterly dividend of $2.30 per share, which will be paid on September 18th, representing a yield of 2.3% for shareholders of record.

Bridgeway Capital Management LLC increased its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 10.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 52,317 shares of the home improvement retailer's stock after buying an additional 5,104 shares during the period. Home Depot accounts for 0.5% of Bridgeway Capital Management LLC's holdings, making the stock its 27th biggest holding. Bridgeway Capital Management LLC's holdings in Home Depot were worth $19,174,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of HD. Asset Planning Services Inc. LA ADV raised its stake in Home Depot by 99,400.7% during the first quarter. Asset Planning Services Inc. LA ADV now owns 18,975,772 shares of the home improvement retailer's stock worth $6,954,431,000 after buying an additional 18,956,701 shares during the last quarter. GAMMA Investing LLC raised its stake in Home Depot by 39,194.1% during the first quarter. GAMMA Investing LLC now owns 10,236,903 shares of the home improvement retailer's stock worth $37,517,230,000 after buying an additional 10,210,851 shares during the last quarter. Nuveen LLC bought a new position in Home Depot during the first quarter worth $2,076,592,000. Price T Rowe Associates Inc. MD grew its holdings in 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 purchasing an additional 1,494,261 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Home Depot by 6.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 14,415,278 shares of the home improvement retailer's stock worth $5,282,398,000 after purchasing an additional 891,326 shares during the period. Institutional investors own 70.86% of the company's stock.

Insider Transactions at Home Depot

In other Home Depot news, 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 transaction, the executive vice president directly owned 3,837 shares in the company, valued at $1,550,416.59. The trade was a 20.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the business's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $413.23, for a total transaction of $2,265,740.09. Following the completion of the transaction, the executive vice president owned 16,057 shares in the company, valued at approximately $6,635,234.11. The trade was a 25.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 46,532 shares of company stock valued at $18,648,987. Corporate insiders own 0.10% of the company's stock.

Home Depot Stock Up 1.7%

Home Depot stock traded up $7.01 during midday trading on Friday, hitting $418.70. 5,854,063 shares of the stock were exchanged, compared to its average volume of 3,533,561. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37. The stock has a market capitalization of $416.77 billion, a price-to-earnings ratio of 28.44, a price-to-earnings-growth ratio of 3.97 and a beta of 1.00. The business's 50-day moving average price is $385.21 and its 200-day moving average price is $371.29. The company has a quick ratio of 0.34, a current ratio of 1.15 and a debt-to-equity ratio of 4.31.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share for the quarter, missing the consensus estimate of $4.69 by ($0.01). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The firm had revenue of $45.28 billion for the quarter, compared to analysts' expectations of $45.43 billion. During the same quarter last year, the firm posted $4.60 earnings per share. The firm'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, research analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Telsey Advisory Group restated an "outperform" rating and issued a $455.00 price target on shares of Home Depot in a report on Tuesday, August 19th. Wells Fargo & Company raised their price target on shares of Home Depot from $420.00 to $450.00 and gave the stock an "overweight" rating in a report on Wednesday, August 20th. Gordon Haskett raised their price target on shares of Home Depot from $350.00 to $360.00 in a report on Tuesday, May 20th. Stifel Nicolaus raised their price target on shares of Home Depot from $425.00 to $432.00 and gave the stock a "buy" rating in a report on Monday, August 18th. Finally, DA Davidson restated a "buy" rating and issued a $450.00 price target on shares of Home Depot in a report on Tuesday, August 19th. One research 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, the company has a consensus 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.