Edmond DE Rothschild Holding S.A. Purchases 2,828 Shares of The Home Depot, Inc. $HD

Key Points

• Edmond DE Rothschild Holding S.A. increased its stake in The Home Depot by 14.8%, owning 21,924 shares valued at approximately $8.04 million.
• In the first quarter, several institutional investors, including Abound Financial LLC and Iron Horse Wealth Management LLC, also acquired new positions and increased their holdings in Home Depot.
• The Home Depot recently reported earnings of $4.68 per share for the last quarter, slightly missing estimates, while setting its FY 2025 guidance at $14.94 EPS.

Edmond DE Rothschild Holding S.A. grew its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 14.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,924 shares of the home improvement retailer's stock after acquiring an additional 2,828 shares during the period. Edmond DE Rothschild Holding S.A.'s holdings in Home Depot were worth $8,035,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Abound Financial LLC acquired a new position in shares of Home Depot in the first quarter valued at approximately $31,000. Iron Horse Wealth Management LLC grew its position in shares of Home Depot by 86.8% in the first quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer's stock valued at $36,000 after purchasing an additional 46 shares during the last quarter. Quest 10 Wealth Builders Inc. grew its position in shares of Home Depot by 35.7% in the first quarter. Quest 10 Wealth Builders Inc. now owns 114 shares of the home improvement retailer's stock valued at $42,000 after purchasing an additional 30 shares during the last quarter. Spurstone Advisory Services LLC acquired a new position in shares of Home Depot in the fourth quarter valued at approximately $45,000. Finally, Vega Investment Solutions acquired a new position in shares of Home Depot in the fourth quarter valued at approximately $46,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Insider Buying and Selling

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,483 shares of the firm's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $413.23, for a total transaction of $2,265,740.09. Following the transaction, the executive vice president directly owned 16,057 shares in the company, valued at approximately $6,635,234.11. This trade represents a 25.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Edward P. Decker sold 32,897 shares of the firm's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $397.22, for a total value of $13,067,346.34. Following the transaction, the chief executive officer owned 122,425 shares in the company, valued at approximately $48,629,658.50. This trade represents 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 46,532 shares of company stock valued at $18,648,987. 0.10% of the stock is currently owned by company insiders.

Home Depot Trading Up 0.3%

NYSE HD traded up $1.25 during trading hours on Monday, hitting $420.20. 3,740,170 shares of the company's stock were exchanged, compared to its average volume of 3,709,986. The stock has a 50-day simple moving average of $385.21 and a 200 day simple moving average of $371.13. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37. The firm has a market cap of $418.26 billion, a price-to-earnings ratio of 28.55, a PEG ratio of 3.97 and a beta of 1.00. The company has a current ratio of 1.15, a quick ratio of 0.34 and a debt-to-equity ratio of 4.31.

Home Depot (NYSE:HD - Get Free Report) last released its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 EPS for the quarter, missing the consensus estimate 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 period in the prior year, the business earned $4.60 EPS. The company'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. On average, equities analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be paid a $2.30 dividend. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.2%. Home Depot's dividend payout ratio is 62.50%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on HD shares. Wells Fargo & Company boosted their price target on Home Depot from $420.00 to $450.00 and gave the company an "overweight" rating in a research note on Wednesday, August 20th. Stifel Nicolaus upped their target price on Home Depot from $425.00 to $432.00 and gave the stock a "buy" rating in a research note on Monday, August 18th. Evercore ISI set a $400.00 price target on Home Depot and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Mizuho increased their price target on Home Depot from $435.00 to $450.00 and gave the company an "outperform" rating in a research note on Wednesday, August 20th. Finally, TD Securities cut Home Depot to a "buy" rating in a research note on Monday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $432.52.

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.