Dynamic Advisor Solutions LLC Boosts Stock Holdings in The Home Depot, Inc. $HD

Key Points

• Dynamic Advisor Solutions LLC increased its stake in The Home Depot, Inc. by 4.3%, now owning 44,611 shares valued at approximately $16.36 million.
• Home Depot's stock fell by 1.2%, with the current market cap at $414.57 billion and a PE ratio of 28.29.
• The company reported a quarterly earnings miss with $4.68 EPS, slightly below the consensus estimate of $4.69, while revenues increased by 4.9% year-over-year.

Dynamic Advisor Solutions LLC boosted its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 4.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 44,611 shares of the home improvement retailer's stock after buying an additional 1,848 shares during the quarter. Dynamic Advisor Solutions LLC's holdings in Home Depot were worth $16,356,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of HD. Brighton Jones LLC increased its position in Home Depot by 36.5% during the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer's stock worth $10,471,000 after buying an additional 7,203 shares during the last quarter. Bank Pictet & Cie Europe AG grew its position 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 valued at $4,747,000 after purchasing an additional 565 shares during the last quarter. State of Wyoming grew its position in shares of Home Depot by 29.1% in the fourth quarter. State of Wyoming now owns 666 shares of the home improvement retailer's stock valued at $259,000 after purchasing an additional 150 shares during the last quarter. Two Sigma Advisers LP acquired a new position in shares of Home Depot in the fourth quarter valued at approximately $24,156,000. Finally, Woodline Partners LP acquired a new position in shares of Home Depot in the fourth quarter valued at approximately $23,204,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Insider Buying and Selling at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 5,483 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $413.23, for a total value of $2,265,740.09. Following the transaction, the executive vice president owned 16,057 shares in the company, valued at $6,635,234.11. The trade was a 25.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Richard V. Mcphail sold 3,369 shares of the business's stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $403.66, for a total value of $1,359,930.54. Following the completion of the transaction, the chief financial officer owned 45,455 shares in the company, valued at $18,348,365.30. The trade was a 6.90% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 48,835 shares of company stock worth $19,623,432. 0.10% of the stock is currently owned by corporate insiders.

Home Depot Trading Down 0.4%

NYSE HD traded down $1.71 on Friday, reaching $415.77. The company had a trading volume of 6,709,599 shares, compared to its average volume of 3,720,799. The firm has a market cap of $413.85 billion, a price-to-earnings ratio of 28.25, a P/E/G ratio of 3.94 and a beta of 1.00. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $439.37. The business has a 50 day moving average of $394.94 and a two-hundred day moving average of $373.39. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.34.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly 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 return on equity of 193.99% and a net margin of 8.86%.The business 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 posted $4.60 earnings per share. The business'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. Analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have recently commented on HD. Stifel Nicolaus upped their target price on Home Depot from $425.00 to $432.00 and gave the company a "buy" rating in a research report on Monday, August 18th. Mizuho upped their target price on Home Depot from $435.00 to $450.00 and gave the company an "outperform" rating in a research report on Wednesday, August 20th. JPMorgan Chase & Co. decreased their target price on Home Depot from $460.00 to $452.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 20th. Truist Financial increased their price target on Home Depot from $417.00 to $433.00 and gave the stock a "buy" rating in a research report on Wednesday, August 13th. Finally, Wells Fargo & Company increased their price target on Home Depot from $420.00 to $450.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 20th. One equities research 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 stock. Based on data from MarketBeat.com, Home Depot presently has an average rating of "Moderate Buy" and an average price target of $435.00.

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.