Capital Analysts LLC Buys 1,819 Shares of The Home Depot, Inc. $HD

Key Points

• Capital Analysts LLC increased its stake in The Home Depot by 13.5%, acquiring an additional 1,819 shares, bringing its total holdings to 15,285 shares valued at $5,602,000.
• Home Depot reported Q2 earnings per share of $4.68, slightly missing the consensus estimate of $4.69, with revenue of $45.28 billion, also below expectations.
• The company declared a quarterly dividend of $2.30 per share, representing a 2.3% yield, and has a total annualized dividend payout of $9.20.

Capital Analysts LLC increased its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 13.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,285 shares of the home improvement retailer's stock after purchasing an additional 1,819 shares during the period. Capital Analysts LLC's holdings in Home Depot were worth $5,602,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HD. Brighton Jones LLC grew its stake in Home Depot by 36.5% in the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer's stock worth $10,471,000 after purchasing an additional 7,203 shares during the period. Bank Pictet & Cie Europe AG grew its stake in shares of Home Depot by 4.9% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 12,204 shares of the home improvement retailer's stock worth $4,747,000 after acquiring an additional 565 shares during the last quarter. Nippon Life Global Investors Americas Inc. grew its stake in shares of Home Depot by 8.5% in the fourth quarter. Nippon Life Global Investors Americas Inc. now owns 25,140 shares of the home improvement retailer's stock worth $9,779,000 after acquiring an additional 1,970 shares during the last quarter. Harvest Investment Services LLC grew its stake in shares of Home Depot by 84.0% in the fourth quarter. Harvest Investment Services LLC now owns 1,038 shares of the home improvement retailer's stock worth $404,000 after acquiring an additional 474 shares during the last quarter. Finally, Steel Grove Capital Advisors LLC grew its stake in shares of Home Depot by 15.1% in the fourth quarter. Steel Grove Capital Advisors LLC now owns 1,970 shares of the home improvement retailer's stock worth $766,000 after acquiring an additional 259 shares during the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Home Depot

In other Home Depot news, CEO Edward P. Decker sold 32,897 shares of the stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $397.22, for a total value of $13,067,346.34. Following the transaction, the chief executive officer owned 122,425 shares of the company's stock, valued at approximately $48,629,658.50. This represents a 21.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Angie Brown sold 1,000 shares of the 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 completion of the transaction, the executive vice president directly owned 3,837 shares in the company, valued at approximately $1,550,416.59. This represents a 20.67% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 42,672 shares of company stock worth $16,827,675 in the last ninety days. Insiders own 0.10% of the company's stock.

Home Depot Stock Performance

Shares of NYSE:HD traded up $15.2960 during midday trading on Friday, reaching $412.9960. 5,283,627 shares of the company's stock traded hands, compared to its average volume of 3,454,809. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $439.37. The stock has a 50 day moving average of $374.52 and a 200 day moving average of $371.57. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.28 and a current ratio of 1.15. The company has a market cap of $410.90 billion, a price-to-earnings ratio of 28.06, a P/E/G ratio of 3.77 and a beta of 1.00.

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 for the quarter, missing analysts' consensus estimates 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 the consensus estimate of $45.43 billion. During the same period in the prior year, the company posted $4.60 EPS. The firm's revenue 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. As a group, equities research analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Robert W. Baird increased their target price on Home Depot from $425.00 to $450.00 and gave the stock an "outperform" rating in a research note on Wednesday. DA Davidson reissued a "buy" rating and issued a $450.00 target price on shares of Home Depot in a research note on Tuesday. Evercore ISI set a $400.00 target price on Home Depot and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Royal Bank Of Canada cut their target price on Home Depot from $424.00 to $399.00 and set a "sector perform" rating on the stock in a research note on Thursday, May 15th. Finally, Sanford C. Bernstein reissued a "market perform" rating and issued a $398.00 target price (up from $380.00) on shares of Home Depot in a research note on Wednesday, May 21st. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $432.52.

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.