Caliber Wealth Management LLC KS Raises Stock Position in The Home Depot, Inc. $HD

Key Points

• Caliber Wealth Management LLC KS increased its stake in The Home Depot by 9.7%, owning 16,909 shares valued at approximately $6.2 million as of its latest SEC filing.
• Several hedge funds have also raised their positions in Home Depot, with Brighton Jones LLC leading with a 36.5% increase in the fourth quarter.
• The Home Depot reported earnings per share (EPS) of $4.68 for the last quarter, slightly missing expectations, with a consensus rating of "Moderate Buy" and an average price target of $435.42.

Caliber Wealth Management LLC KS lifted its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 9.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,909 shares of the home improvement retailer's stock after purchasing an additional 1,497 shares during the period. Caliber Wealth Management LLC KS's holdings in Home Depot were worth $6,200,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of HD. Brighton Jones LLC lifted its position in Home Depot by 36.5% during the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer's stock valued at $10,471,000 after buying an additional 7,203 shares during the period. GAMMA Investing LLC increased its stake in shares of Home Depot by 7.2% in the 1st quarter. GAMMA Investing LLC now owns 27,932 shares of the home improvement retailer's stock worth $10,237,000 after acquiring an additional 1,880 shares in the last quarter. Asset Management One Co. Ltd. lifted its position in Home Depot by 6.1% during the 1st quarter. Asset Management One Co. Ltd. now owns 517,905 shares of the home improvement retailer's stock valued at $189,807,000 after acquiring an additional 29,962 shares during the period. GHP Investment Advisors Inc. lifted its position in Home Depot by 4.5% during the 1st quarter. GHP Investment Advisors Inc. now owns 15,098 shares of the home improvement retailer's stock valued at $5,533,000 after acquiring an additional 652 shares during the period. Finally, Capitol Family Office Inc. bought a new stake in Home Depot during the first quarter worth about $71,000. Hedge funds and other institutional investors own 70.86% of the company's stock.

Wall Street Analyst Weigh In

HD has been the subject of several recent research reports. DA Davidson reiterated a "buy" rating and set a $450.00 target price on shares of Home Depot in a report on Tuesday, August 19th. Telsey Advisory Group reiterated an "outperform" rating and set a $455.00 price objective on shares of Home Depot in a research note on Tuesday, August 19th. Mizuho boosted their target price on Home Depot from $435.00 to $450.00 and gave the stock an "outperform" rating in a report on Wednesday, August 20th. Weiss Ratings reissued a "buy (b)" rating on shares of Home Depot in a research note on Wednesday, October 8th. Finally, Truist Financial raised their price target on Home Depot from $417.00 to $433.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $435.42.

Home Depot Stock Up 0.5%

NYSE:HD opened at $390.99 on Wednesday. The company's fifty day moving average price is $403.62 and its 200-day moving average price is $378.45. The firm has a market capitalization of $389.19 billion, a P/E ratio of 26.56, a PEG ratio of 3.69 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 company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.34.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 period last year, the company posted $4.60 earnings per share. The business'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. As a group, equities research analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Investors 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 yield of 2.4%. Home Depot's dividend payout ratio (DPR) is currently 62.50%.

Insider Buying and Selling

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,483 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $413.23, for a total transaction of $2,265,740.09. Following the completion of the sale, the executive vice president directly owned 16,057 shares in the company, valued at approximately $6,635,234.11. The trade was a 25.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP William D. Bastek sold 2,303 shares of the firm's stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $423.12, for a total value of $974,445.36. Following the completion of the transaction, the executive vice president owned 24,235 shares in the company, valued at approximately $10,254,313.20. This trade represents a 8.68% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 48,835 shares of company stock worth $19,623,432 in the last quarter. 0.10% of the stock is owned by insiders.

About Home Depot

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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