Foster Victor Wealth Advisors LLC Has $15.59 Million Holdings in The Home Depot, Inc. $HD

Key Points

• Foster Victor Wealth Advisors LLC increased its holdings in The Home Depot, Inc. by 8.6% during the second quarter, owning 42,016 shares valued at approximately $15.59 million.
• Home Depot reported a 4.68 EPS for the last quarter, slightly missing analysts' expectations, with revenue of $45.28 billion, showing a 4.9% year-over-year increase.
• The company declared a $2.30 quarterly dividend with a payout ratio of 62.50%, yielding around 2.2% annually.

Foster Victor Wealth Advisors LLC lifted its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 8.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 42,016 shares of the home improvement retailer's stock after buying an additional 3,338 shares during the period. Foster Victor Wealth Advisors LLC's holdings in Home Depot were worth $15,590,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Asset Planning Services Inc. LA ADV increased its stake in Home Depot by 99,400.7% in the first 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 purchasing an additional 18,956,701 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Home Depot by 39,194.1% during the first quarter. GAMMA Investing LLC now owns 10,236,903 shares of the home improvement retailer's stock worth $37,517,230,000 after purchasing an additional 10,210,851 shares during the last quarter. Nuveen LLC purchased a new position in Home Depot during the first quarter worth about $2,076,592,000. Price T Rowe Associates Inc. MD boosted its holdings in Home Depot by 19.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,253,292 shares of the home improvement retailer's stock worth $3,391,240,000 after purchasing an additional 1,494,261 shares during the last quarter. Finally, Kingstone Capital Partners Texas LLC purchased a new position in Home Depot in the second quarter valued at about $418,486,000. Institutional investors own 70.86% of the company's stock.

Home Depot Trading Down 0.3%

NYSE:HD opened at $409.77 on Thursday. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $439.37. The company's 50-day simple moving average is $397.87 and its 200 day simple moving average is $374.09. The firm has a market capitalization of $407.88 billion, a P/E ratio of 27.84, a PEG ratio of 3.90 and a beta of 1.00. 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 announced its 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). The business had revenue of $45.28 billion for 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 for the quarter was up 4.9% on a year-over-year basis. During the same period in the prior year, the business posted $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, 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 declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were paid a $2.30 dividend. The ex-dividend date was Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.2%. Home Depot's payout ratio is currently 62.50%.

Wall Street Analyst Weigh In

HD has been the topic of a number of research analyst reports. Wolfe Research initiated coverage on shares of Home Depot in a research note on Thursday, September 18th. They issued an "outperform" rating and a $497.00 target price on the stock. Stifel Nicolaus upped their target price on shares of Home Depot from $425.00 to $432.00 and gave the stock a "buy" rating in a report on Monday, August 18th. Mizuho upped their target price on shares of Home Depot from $435.00 to $450.00 and gave the stock an "outperform" rating in a report on Wednesday, August 20th. Robert W. Baird boosted their price target on shares of Home Depot from $425.00 to $450.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 20th. Finally, TD Securities cut shares of Home Depot to a "buy" rating in a research note on Monday, June 2nd. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $437.08.

Insider Transactions at Home Depot

In other news, CEO Edward P. Decker sold 32,897 shares of Home Depot stock in a transaction that occurred 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 completion of the sale, the chief executive officer directly owned 122,425 shares in the company, valued at $48,629,658.50. The trade was a 21.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP William D. Bastek sold 2,303 shares of Home Depot stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $423.12, for a total transaction of $974,445.36. Following the completion of the sale, the executive vice president owned 24,235 shares of the company's stock, valued at $10,254,313.20. This represents a 8.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 48,835 shares of company stock valued at $19,623,432. Company insiders own 0.10% of the company's stock.

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.

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