Clare Market Investments LLC Has $1.41 Million Position in The Home Depot, Inc. $HD

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 boosted its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 124.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,846 shares of the home improvement retailer's stock after acquiring an additional 2,131 shares during the period. Clare Market Investments LLC's holdings in Home Depot were worth $1,410,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ransom Advisory Ltd acquired a new position in shares of Home Depot during the first quarter valued at about $3,851,000. Financial Gravity Asset Management Inc. acquired a new position in shares of Home Depot during the first quarter valued at about $406,000. Wealth Management Partners LLC raised its position in shares of Home Depot by 0.6% during the first quarter. Wealth Management Partners LLC now owns 6,506 shares of the home improvement retailer's stock valued at $2,384,000 after buying an additional 36 shares during the last quarter. Arbor Capital Management Inc. ADV raised its position in shares of Home Depot by 4.8% during the first quarter. Arbor Capital Management Inc. ADV now owns 4,784 shares of the home improvement retailer's stock valued at $1,757,000 after buying an additional 221 shares during the last quarter. Finally, Focus Partners Wealth raised its position in shares of Home Depot by 4.1% during the first quarter. Focus Partners Wealth now owns 423,287 shares of the home improvement retailer's stock valued at $155,131,000 after buying an additional 16,654 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company's stock.

Home Depot Stock Down 0.4%

Shares of NYSE:HD traded down $1.71 during midday trading on Friday, reaching $415.77. 6,709,599 shares of the company were exchanged, compared to its average volume of 3,720,799. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week 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 stock has a fifty day simple moving average of $394.94 and a two-hundred day simple moving average of $373.39. The firm has a market cap of $413.85 billion, a PE ratio of 28.25, a P/E/G ratio of 3.94 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings data 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 return on equity of 193.99% and a net margin of 8.86%.The company had revenue of $45.28 billion for the quarter, compared to analyst estimates of $45.43 billion. During the same quarter in the previous year, the business earned $4.60 earnings per share. The company's 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, sell-side analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were issued a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Thursday, September 4th. Home Depot's dividend payout ratio (DPR) is presently 62.50%.

Insider Buying and Selling at Home Depot

In related news, EVP Angie Brown sold 1,000 shares of the firm's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total transaction of $404,070.00. Following the sale, the executive vice president directly owned 3,837 shares in the company, valued at $1,550,416.59. This trade represents a 20.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 sale, the executive vice president owned 24,235 shares in the company, valued at approximately $10,254,313.20. The trade was a 8.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 48,835 shares of company stock valued at $19,623,432 over the last quarter. 0.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. DA Davidson reaffirmed a "buy" rating and set a $450.00 price objective on shares of Home Depot in a research report on Tuesday, August 19th. Robert W. Baird upped 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. Mizuho upped their price objective on shares of Home Depot from $435.00 to $450.00 and gave the company an "outperform" rating in a research report on Wednesday, August 20th. Telsey Advisory Group reissued an "outperform" rating and issued a $455.00 price target on shares of Home Depot in a research report on Tuesday, August 19th. Finally, Stifel Nicolaus increased their price target on shares of Home Depot from $425.00 to $432.00 and gave the stock a "buy" rating in a research report on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, Home Depot presently has an average rating of "Moderate Buy" and a consensus price target of $435.00.

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.