George Kaiser Family Foundation Takes $263,000 Position in The Home Depot, Inc. $HD

Key Points

• The George Kaiser Family Foundation acquired a new stake of 718 shares of Home Depot, valued at approximately $263,000, during the first quarter of the year.
• Home Depot's recent quarterly earnings showed a net margin of 8.98% and a return on equity of 242.51%, despite reporting an EPS of $3.56 which missed estimates by $0.03.
• The company declared a quarterly dividend of $2.30 per share, representing an annualized total of $9.20 with a dividend yield of 2.3%.

George Kaiser Family Foundation purchased a new stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 718 shares of the home improvement retailer's stock, valued at approximately $263,000.

Several other institutional investors also recently bought and sold shares of the business. Navigoe LLC purchased a new position in shares of Home Depot in the 4th quarter valued at $29,000. Abound Financial LLC acquired a new stake in Home Depot in the 1st quarter valued at $31,000. Iron Horse Wealth Management LLC raised its position in 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 period. Quarry LP lifted its stake in shares of Home Depot by 220.0% during the fourth quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock worth $37,000 after purchasing an additional 66 shares in the last quarter. Finally, Quest 10 Wealth Builders Inc. boosted 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 worth $42,000 after buying an additional 30 shares during the period. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Mizuho raised their target price on Home Depot from $435.00 to $450.00 and gave the company an "outperform" rating in a report on Wednesday. Wells Fargo & Company increased 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. TD Securities lowered shares of Home Depot to a "buy" rating in a research note on Monday, June 2nd. Stifel Nicolaus upped their target price on shares of Home Depot from $425.00 to $432.00 and gave the company a "buy" rating in a research note on Monday. Finally, Jefferies Financial Group decreased their target price on shares of Home Depot from $461.00 to $456.00 in a research note on Tuesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Home Depot currently has an average rating of "Moderate Buy" and a consensus target price of $432.52.

Home Depot Stock Performance

HD stock traded down $5.1670 during midday trading on Wednesday, reaching $402.0330. The company had a trading volume of 4,194,069 shares, compared to its average volume of 3,553,171. The firm has a market capitalization of $399.99 billion, a PE ratio of 27.27, a P/E/G ratio of 3.75 and a beta of 1.00. The stock has a 50 day moving average price of $371.82 and a 200 day moving average price of $371.43. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $439.37. The company has a quick ratio of 0.28, a current ratio of 1.09 and a debt-to-equity ratio of 5.95.

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 analysts' consensus estimates of $4.69 by ($0.01). The company had revenue of $45.28 billion for the quarter, compared to analyst estimates of $45.43 billion. Home Depot had a return on equity of 242.51% and a net margin of 8.98%.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 company posted $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were paid a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Thursday, June 5th. Home Depot's dividend payout ratio (DPR) is presently 62.42%.

Insider Buying and Selling at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 5,406 shares of the business's stock in a transaction 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 completion of the transaction, the executive vice president owned 17,367 shares of the company's stock, valued at approximately $6,413,285.76. The trade was a 23.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Fahim Siddiqui sold 2,600 shares of the company's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total transaction of $954,564.00. Following the transaction, the executive vice president owned 7,951 shares of the company's stock, valued at $2,919,130.14. This represents a 24.64% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.10% of the company's stock.

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.