GDS Wealth Management Purchases 2,718 Shares of The Home Depot, Inc. $HD

Key Points

• GDS Wealth Management increased its stake in The Home Depot by 7.2%, owning 40,263 shares valued at approximately $14.76 million as of the end of the most recent quarter.
• Analysts have raised their price targets for Home Depot, with new estimates ranging from $398 to $450, indicating a positive outlook for the stock.
• Home Depot recently reported a Q2 EPS of $4.68, missing analyst expectations slightly, while still achieving a 4.9% revenue increase year-over-year.

GDS Wealth Management grew its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 7.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,263 shares of the home improvement retailer's stock after buying an additional 2,718 shares during the quarter. GDS Wealth Management's holdings in Home Depot were worth $14,756,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of HD. Asset Planning Services Inc. LA ADV grew its stake in shares of Home Depot by 99,400.7% during 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 buying an additional 18,956,701 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of 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 valued at $37,517,230,000 after buying an additional 10,210,851 shares during the last quarter. Nuveen LLC bought a new position in shares of Home Depot during the first quarter valued at about $2,076,592,000. Northern Trust Corp grew its stake in shares of Home Depot by 13.3% during the fourth quarter. Northern Trust Corp now owns 12,149,890 shares of the home improvement retailer's stock valued at $4,726,186,000 after buying an additional 1,424,857 shares during the last quarter. Finally, Castlekeep Investment Advisors LLC bought a new position in shares of Home Depot during the fourth quarter valued at about $471,189,000. 70.86% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HD. Sanford C. Bernstein reaffirmed a "market perform" rating and set a $398.00 price objective (up from $380.00) on shares of Home Depot in a research note on Wednesday, May 21st. Wells Fargo & Company increased their target price on shares of Home Depot from $420.00 to $450.00 and gave the stock an "overweight" rating in a report on Wednesday. JPMorgan Chase & Co. dropped their target price on shares of Home Depot from $460.00 to $452.00 and set an "overweight" rating for the company in a report on Wednesday. DA Davidson reiterated a "buy" rating and set a $450.00 target price on shares of Home Depot in a report on Tuesday. Finally, Robert W. Baird increased their target price on shares of Home Depot from $425.00 to $450.00 and gave the stock an "outperform" rating in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $432.52.

Home Depot Stock Up 3.8%

HD traded up $15.2960 on Friday, hitting $412.9960. The company had a trading volume of 5,283,627 shares, compared to its average volume of 3,454,809. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.28. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37. The stock has a fifty day simple moving average of $374.52 and a 200-day simple moving average of $371.57. The firm has a market capitalization of $410.90 billion, a P/E ratio of 28.06, a P/E/G ratio of 3.77 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $45.28 billion during the quarter, compared to analysts' expectations of $45.43 billion. During the same quarter last year, the business earned $4.60 earnings per share. The business's quarterly 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. As a group, equities analysts expect 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. Shareholders of record on Thursday, September 4th will be issued a $2.30 dividend. The ex-dividend date is Thursday, September 4th. This represents a $9.20 annualized dividend and a yield of 2.2%. Home Depot's dividend payout ratio (DPR) is 62.50%.

Insider Activity at Home Depot

In other news, EVP Angie Brown sold 1,000 shares of Home Depot stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total transaction of $404,070.00. Following the completion of the transaction, the executive vice president directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of Home Depot stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $369.28, for a total transaction of $1,996,327.68. Following the transaction, the executive vice president owned 17,367 shares of the company's stock, valued at $6,413,285.76. The trade was a 23.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 42,672 shares of company stock valued at $16,827,675. 0.10% of the stock is currently owned by corporate insiders.

About Home Depot

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.