Capital Investment Advisors LLC Has $90.99 Million Position in The Home Depot, Inc. $HD

Key Points

• Capital Investment Advisors LLC increased its position in The Home Depot by 2.1% in Q2, owning 248,169 shares valued at approximately $90.99 million.
• Wall Street analysts have raised their price objectives for Home Depot stock, with a new average target of $436.40 and a majority rating it as a "Moderate Buy."
• Home Depot's CEO recently sold 32,897 shares for over $13 million, representing a significant 21.18% decrease in his ownership stake.

Capital Investment Advisors LLC raised its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 2.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 248,169 shares of the home improvement retailer's stock after buying an additional 5,201 shares during the period. Home Depot comprises approximately 1.6% of Capital Investment Advisors LLC's investment portfolio, making the stock its 8th biggest position. Capital Investment Advisors LLC's holdings in Home Depot were worth $90,989,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Client 1ST Advisory Group LLC boosted its holdings in Home Depot by 1.5% during the first quarter. Client 1ST Advisory Group LLC now owns 1,878 shares of the home improvement retailer's stock worth $688,000 after buying an additional 27 shares in the last quarter. Financial Insights Inc. boosted 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 in the last quarter. Wayfinding Financial LLC boosted its stake in Home Depot by 1.2% in the 1st quarter. Wayfinding Financial LLC now owns 2,353 shares of the home improvement retailer's stock worth $862,000 after purchasing an additional 28 shares during the period. Pure Portfolios Holdings LLC boosted its stake in Home Depot by 4.7% in the 1st quarter. Pure Portfolios Holdings LLC now owns 623 shares of the home improvement retailer's stock worth $228,000 after purchasing an additional 28 shares during the period. Finally, First Interstate Bank boosted its stake in Home Depot by 0.3% in the 1st quarter. First Interstate Bank now owns 9,020 shares of the home improvement retailer's stock worth $3,306,000 after purchasing an additional 28 shares during the period. 70.86% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on HD. Robert W. Baird raised their price objective on shares of Home Depot from $425.00 to $450.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 20th. Oppenheimer raised their price objective on shares of Home Depot from $400.00 to $420.00 and gave the stock a "market perform" rating in a research note on Thursday, September 25th. Morgan Stanley raised their price objective on shares of Home Depot from $415.00 to $430.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 20th. Stifel Nicolaus raised their price objective on shares of Home Depot from $425.00 to $432.00 and gave the stock a "buy" rating in a research note on Monday, August 18th. Finally, Mizuho raised their price objective on shares of Home Depot from $435.00 to $450.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $436.40.

Insider Activity at Home Depot

In other Home Depot news, CEO Edward P. Decker sold 32,897 shares of the firm's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $397.22, for a total transaction of $13,067,346.34. Following the transaction, the chief executive officer directly owned 122,425 shares in the company, valued at $48,629,658.50. This trade represents a 21.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP William D. Bastek sold 3,783 shares of the firm's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $410.23, for a total value of $1,551,900.09. Following the transaction, the executive vice president owned 24,235 shares in the company, valued at approximately $9,941,924.05. This trade represents a 13.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 48,835 shares of company stock valued at $19,623,432. Insiders own 0.10% of the company's stock.

Home Depot Stock Down 0.8%

HD stock opened at $406.70 on Tuesday. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $439.37. The company has a quick ratio of 0.34, a current ratio of 1.15 and a debt-to-equity ratio of 4.31. The company has a market cap of $404.82 billion, a price-to-earnings ratio of 27.63, a PEG ratio of 3.89 and a beta of 1.00. The company has a 50 day moving average of $400.71 and a two-hundred day moving average of $375.25.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings data 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). The business had revenue of $45.28 billion during the quarter, compared to analyst estimates of $45.43 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The firm's revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm posted $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, equities analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share 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 issued a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a yield of 2.3%. The ex-dividend date was Thursday, September 4th. Home Depot's dividend payout ratio (DPR) is 62.50%.

Home Depot 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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