The Home Depot, Inc. $HD Shares Acquired by Farther Finance Advisors LLC

Key Points

• Farther Finance Advisors LLC increased its holdings in Home Depot by 27.3% during the 2nd quarter, now owning 33,116 shares valued at approximately $12.14 million.
• Home Depot reported $4.68 earnings per share (EPS) for the last quarter, slightly missing expectations, with revenues of $45.28 billion, an increase of 4.9% compared to last year.
• The company's recent dividend payout was $2.30 per share, representing an annualized dividend of $9.20 and a yield of 2.2%.

Farther Finance Advisors LLC increased its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 27.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,116 shares of the home improvement retailer's stock after purchasing an additional 7,106 shares during the quarter. Farther Finance Advisors LLC's holdings in Home Depot were worth $12,142,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HD. Ransom Advisory Ltd purchased a new position in Home Depot during the first quarter valued at $3,851,000. Financial Gravity Asset Management Inc. purchased a new position in shares of Home Depot during the 1st quarter valued at about $406,000. Wealth Management Partners LLC lifted its stake in shares of Home Depot by 0.6% in the first quarter. Wealth Management Partners LLC now owns 6,506 shares of the home improvement retailer's stock worth $2,384,000 after buying an additional 36 shares in the last quarter. Arbor Capital Management Inc. ADV lifted 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 worth $1,757,000 after purchasing an additional 221 shares in the last quarter. Finally, Focus Partners Wealth grew 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 worth $155,131,000 after acquiring an additional 16,654 shares during the last quarter. 70.86% of the stock is owned by institutional investors.

Home Depot Price Performance

HD traded down $1.71 during trading on Friday, hitting $415.77. The company's stock had a trading volume of 6,709,599 shares, compared to its average volume of 3,792,485. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37. The stock has a market capitalization of $413.85 billion, a price-to-earnings ratio of 28.25, a price-to-earnings-growth ratio of 3.94 and a beta of 1.00. The firm's 50 day moving average price is $394.94 and its two-hundred day moving average price is $373.33. The company has a quick ratio of 0.34, a current ratio of 1.15 and a debt-to-equity ratio of 4.31.

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). The business had revenue of $45.28 billion during the quarter, compared to the consensus estimate of $45.43 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. Home Depot's revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the business posted $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Sell-side analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

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

Insider Transactions at Home Depot

In other 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 value of $404,070.00. Following the sale, the executive vice president owned 3,837 shares in the company, valued at approximately $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 accessible through this hyperlink. Also, EVP William D. Bastek sold 3,783 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $410.23, for a total value of $1,551,900.09. Following the completion of the transaction, the executive vice president directly owned 24,235 shares in the company, valued at $9,941,924.05. The trade was a 13.50% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 48,835 shares of company stock worth $19,623,432 in the last three months. Insiders own 0.10% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Stifel Nicolaus upped their price target on shares of Home Depot from $425.00 to $432.00 and gave the stock a "buy" rating in a research note on Monday, August 18th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $455.00 price objective on shares of Home Depot in a research report on Tuesday, August 19th. TD Securities cut shares of Home Depot to a "buy" rating in a report on Monday, June 2nd. Truist Financial raised their target price on shares of Home Depot from $417.00 to $433.00 and gave the stock a "buy" rating in a report on Wednesday, August 13th. Finally, Wells Fargo & Company boosted their price objective on shares of Home Depot from $420.00 to $450.00 and gave the company an "overweight" rating in a research report on Wednesday, August 20th. One investment 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. According to data from MarketBeat.com, Home Depot has an average rating of "Moderate Buy" and an average target price 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.