CW Advisors LLC Buys 9,714 Shares of The Home Depot, Inc. $HD

Key Points

• CW Advisors LLC increased its stake in The Home Depot by 9.1%, acquiring an additional 9,714 shares during the first quarter, bringing their total holdings to 115,984 shares worth approximately $42.5 million.
• Home Depot reported a slight earnings miss with $4.68 EPS, falling short of the consensus estimate by $0.01, while revenue increased by 4.9% year-over-year to $45.28 billion.
• Analysts have adjusted their target prices for Home Depot, with Truist Financial raising it from $417 to $433, reflecting a general bullish sentiment towards the stock with a consensus rating of "Moderate Buy."

CW Advisors LLC grew its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 9.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 115,984 shares of the home improvement retailer's stock after purchasing an additional 9,714 shares during the period. CW Advisors LLC's holdings in Home Depot were worth $42,499,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of HD. Invst LLC boosted its position in Home Depot by 0.4% during the 4th quarter. Invst LLC now owns 6,738 shares of the home improvement retailer's stock valued at $2,621,000 after acquiring an additional 28 shares in the last quarter. Financial Insights Inc. grew its stake in Home Depot by 3.3% during the 1st quarter. Financial Insights Inc. now owns 880 shares of the home improvement retailer's stock worth $323,000 after buying an additional 28 shares during the last quarter. Wayfinding Financial LLC grew its stake in Home Depot by 1.2% during the 1st quarter. Wayfinding Financial LLC now owns 2,353 shares of the home improvement retailer's stock worth $862,000 after buying an additional 28 shares during the last quarter. Pure Portfolios Holdings LLC grew its stake in Home Depot by 4.7% during the 1st quarter. Pure Portfolios Holdings LLC now owns 623 shares of the home improvement retailer's stock worth $228,000 after buying an additional 28 shares during the last quarter. Finally, First Interstate Bank grew its stake in Home Depot by 0.3% during the 1st quarter. First Interstate Bank now owns 9,020 shares of the home improvement retailer's stock worth $3,306,000 after buying an additional 28 shares during the last quarter. 70.86% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,406 shares of the business's stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total transaction of $1,996,327.68. Following the completion of the sale, the executive vice president directly owned 17,367 shares in the company, valued at approximately $6,413,285.76. The trade was a 23.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.10% of the company's stock.

Home Depot Price Performance

Shares of Home Depot stock opened at $402.0330 on Thursday. The company has a quick ratio of 0.28, a current ratio of 1.15 and a debt-to-equity ratio of 4.31. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37. The business has a 50-day moving average price of $372.65 and a 200 day moving average price of $371.64. The firm has a market cap of $399.99 billion, a PE ratio of 27.31, a P/E/G ratio of 3.87 and a beta of 1.00.

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 for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts' expectations of $45.43 billion. During the same quarter in the prior year, the firm earned $4.60 EPS. Home Depot's revenue for the quarter was up 4.9% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Sell-side analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Truist Financial boosted their target price on Home Depot from $417.00 to $433.00 and gave the stock a "buy" rating in a research note on Wednesday, August 13th. DA Davidson restated a "buy" rating and set a $450.00 target price on shares of Home Depot in a research note on Tuesday. Sanford C. Bernstein restated a "market perform" rating and set a $398.00 target price (up from $380.00) on shares of Home Depot in a research note on Wednesday, May 21st. TD Securities downgraded Home Depot to a "buy" rating in a research note on Monday, June 2nd. Finally, Gordon Haskett boosted their target price on Home Depot from $350.00 to $360.00 in a research note on Tuesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus 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.

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