FORA Capital LLC Takes Position in The Home Depot, Inc. $HD

Key Points

• FORA Capital LLC acquired a new stake in The Home Depot, purchasing 8,127 shares valued at approximately $2.98 million.
• Home Depot reports a net margin of 8.86% and a 4.9% increase in revenue compared to the same quarter last year, although it missed EPS estimates by $0.01.
• The company declared a quarterly dividend of $2.30 per share, with a payout ratio of 62.50% and a yield of 2.3%.

FORA Capital LLC purchased a new stake in The Home Depot, Inc. (NYSE:HD - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm purchased 8,127 shares of the home improvement retailer's stock, valued at approximately $2,978,000.

A number of other institutional investors and hedge funds have also made changes to their positions in HD. Asset Planning Services Inc. LA ADV increased its holdings in shares of Home Depot by 99,400.7% in the 1st quarter. Asset Planning Services Inc. LA ADV now owns 18,975,772 shares of the home improvement retailer's stock valued at $6,954,431,000 after acquiring an additional 18,956,701 shares during the period. GAMMA Investing LLC increased its holdings in shares of Home Depot by 39,194.1% in the 1st quarter. GAMMA Investing LLC now owns 10,236,903 shares of the home improvement retailer's stock valued at $37,517,230,000 after acquiring an additional 10,210,851 shares during the period. Nuveen LLC purchased a new position in shares of Home Depot in the 1st quarter valued at $2,076,592,000. Price T Rowe Associates Inc. MD increased its holdings in shares of Home Depot by 19.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,253,292 shares of the home improvement retailer's stock valued at $3,391,240,000 after acquiring an additional 1,494,261 shares during the period. Finally, Castlekeep Investment Advisors LLC purchased a new position in Home Depot during the 4th quarter worth $471,189,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,483 shares of the business's stock in a transaction dated 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 sale, the executive vice president owned 16,057 shares in the company, valued at approximately $6,635,234.11. The trade was a 25.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Edward P. Decker sold 32,897 shares of the business's stock in a transaction dated 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 sale, the chief executive officer owned 122,425 shares in the company, valued at approximately $48,629,658.50. The trade was a 21.18% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 46,532 shares of company stock worth $18,648,987. 0.10% of the stock is owned by corporate insiders.

Home Depot Stock Down 0.2%

Home Depot stock opened at $407.88 on Wednesday. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15. The business's 50-day simple moving average is $376.81 and its two-hundred day simple moving average is $371.24. The company has a market cap of $405.81 billion, a PE ratio of 27.71, a PEG ratio of 3.88 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.

Home Depot (NYSE:HD - Get Free Report) last posted 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 firm had revenue of $45.28 billion for the quarter, compared to analysts' expectations of $45.43 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The firm's revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Equities analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be paid a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a yield of 2.3%. The ex-dividend date is Thursday, September 4th. Home Depot's payout ratio is presently 62.50%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Morgan Stanley boosted their target price on Home Depot from $415.00 to $430.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 20th. Mizuho boosted their target price on Home Depot from $435.00 to $450.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 20th. 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. 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. 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 analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Home Depot presently has an average rating of "Moderate Buy" and an average target price of $432.52.

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.

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