The Home Depot, Inc. $HD Shares Bought by Clare Market Investments LLC

Key Points

• Clare Market Investments LLC increased its stake in The Home Depot by 124.3%, owning a total of 3,846 shares valued at approximately $1.41 million.
• Several large investors have significantly increased their holdings in Home Depot, with Asset Planning Services Inc. LA ADV growing their stake by 99,400.7% during the first quarter.
• Home Depot reported a quarterly earnings miss with an EPS of $4.68, slightly below the consensus estimate of $4.69, while also announcing a quarterly dividend of $2.30.

Clare Market Investments LLC raised its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 124.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,846 shares of the home improvement retailer's stock after purchasing an additional 2,131 shares during the period. Clare Market Investments LLC's holdings in Home Depot were worth $1,410,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in HD. Legacy Financial Strategies LLC increased its position in shares of Home Depot by 22.5% during the second quarter. Legacy Financial Strategies LLC now owns 962 shares of the home improvement retailer's stock valued at $353,000 after acquiring an additional 177 shares in the last quarter. Voisard Asset Management Group Inc. bought a new stake in shares of Home Depot during the second quarter valued at approximately $211,000. Trust Point Inc. increased its position in shares of Home Depot by 8.9% during the second quarter. Trust Point Inc. now owns 7,450 shares of the home improvement retailer's stock valued at $2,731,000 after acquiring an additional 607 shares in the last quarter. Moody National Bank Trust Division increased its position in shares of Home Depot by 1.4% during the second quarter. Moody National Bank Trust Division now owns 16,667 shares of the home improvement retailer's stock valued at $6,111,000 after acquiring an additional 236 shares in the last quarter. Finally, YHB Investment Advisors Inc. increased its position in shares of Home Depot by 2.0% during the second quarter. YHB Investment Advisors Inc. now owns 39,145 shares of the home improvement retailer's stock valued at $14,353,000 after acquiring an additional 757 shares in the last quarter. Institutional investors own 70.86% of the company's stock.

Home Depot Stock Down 0.6%

HD stock traded down $2.30 during trading on Monday, reaching $413.39. 1,398,291 shares of the stock were exchanged, compared to its average volume of 3,593,155. The firm's 50 day moving average is $394.94 and its 200 day moving average is $373.33. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37. 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 has a market cap of $411.48 billion, a P/E ratio of 28.10, a price-to-earnings-growth ratio of 3.94 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 EPS 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 business had revenue of $45.28 billion for the quarter, compared to analysts' expectations of $45.43 billion. During the same period in the previous year, the business posted $4.60 earnings per share. The business'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, research analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were given a dividend of $2.30 per share. The ex-dividend date was 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 (DPR) is presently 62.50%.

Analyst Upgrades and Downgrades

A number of research firms have commented on HD. JPMorgan Chase & Co. cut their target price on shares of Home Depot from $460.00 to $452.00 and set an "overweight" rating for the company in a research report on Wednesday, August 20th. Morgan Stanley boosted their target price on shares of Home Depot from $415.00 to $430.00 and gave the stock an "overweight" rating in a report on Wednesday, August 20th. Stifel Nicolaus upped their price target on shares of Home Depot from $425.00 to $432.00 and gave the company a "buy" rating in a report on Monday, August 18th. Robert W. Baird boosted their price objective on shares of Home Depot from $425.00 to $450.00 and gave the company an "outperform" rating in a research report on Wednesday, August 20th. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $455.00 price objective on shares of Home Depot in a research report on Tuesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat, Home Depot currently has a consensus rating of "Moderate Buy" and a consensus price target of $435.00.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP William D. Bastek sold 2,303 shares of the firm's stock in a transaction on Friday, September 12th. The stock was sold at an average price of $423.12, for a total transaction of $974,445.36. Following the completion of the transaction, the executive vice president owned 24,235 shares of the company's stock, valued at approximately $10,254,313.20. This trade represents a 8.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Edward P. Decker sold 32,897 shares of the business's stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer owned 122,425 shares of the company's stock, valued at approximately $48,629,658.50. The trade was a 21.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 48,835 shares of company stock valued at $19,623,432. 0.10% of the stock is currently owned by company insiders.

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.