Graham Capital Management L.P. Buys 16,793 Shares of The Home Depot, Inc. $HD

Key Points

• Graham Capital Management L.P. significantly increased its stake in Home Depot, buying an additional 16,793 shares, raising its total holdings by 115.8% to 31,293 shares valued at approximately $11.47 million.
• Home Depot reported earnings of $4.68 per share, slightly missing estimates, while revenue was $45.28 billion, marking a 4.9% increase year-over-year.
• The company declared a quarterly dividend of $2.30 per share, representing a 2.3% yield, which will be paid to stockholders of record on September 4th.

Graham Capital Management L.P. raised its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 115.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 31,293 shares of the home improvement retailer's stock after buying an additional 16,793 shares during the quarter. Graham Capital Management L.P.'s holdings in Home Depot were worth $11,469,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HD. Asset Planning Services Inc. LA ADV grew its holdings in 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 buying an additional 18,956,701 shares during the last quarter. GAMMA Investing LLC grew its holdings in 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 buying an additional 10,210,851 shares during the last quarter. Nuveen LLC acquired a new stake in Home Depot in the 1st quarter valued at approximately $2,076,592,000. Price T Rowe Associates Inc. MD grew its holdings in 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 buying an additional 1,494,261 shares during the last quarter. Finally, Castlekeep Investment Advisors LLC acquired a new stake in Home Depot in the 4th quarter valued at approximately $471,189,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Home Depot Price Performance

Shares of HD stock opened at $407.04 on Friday. The stock's fifty day moving average is $380.40 and its 200-day moving average is $371.14. 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 stock has a market capitalization of $405.16 billion, a PE ratio of 27.65, a PEG ratio of 3.86 and a beta of 1.00. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $439.37.

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

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders 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 dividend yield of 2.3%. The ex-dividend date of this dividend is Thursday, September 4th. Home Depot's dividend payout ratio is 62.50%.

Insider Buying and Selling at Home Depot

In other news, CEO Edward P. Decker sold 32,897 shares of the company's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $397.22, for a total transaction of $13,067,346.34. Following the transaction, the chief executive officer owned 122,425 shares of the company's stock, valued at $48,629,658.50. This represents 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 Teresa Wynn Roseborough sold 5,483 shares of the company's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $413.23, for a total value of $2,265,740.09. Following the transaction, the executive vice president directly owned 16,057 shares in the company, valued at $6,635,234.11. This trade represents a 25.45% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 46,532 shares of company stock valued at $18,648,987 over the last ninety days. Company insiders own 0.10% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on HD shares. Truist Financial raised their target price on Home Depot from $417.00 to $433.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. DA Davidson restated a "buy" rating and set a $450.00 price objective on shares of Home Depot in a research report on Tuesday, August 19th. Jefferies Financial Group lowered their price objective on Home Depot from $461.00 to $456.00 in a research report on Tuesday, May 20th. Sanford C. Bernstein reiterated a "market perform" rating and issued a $398.00 price target (up from $380.00) on shares of Home Depot in a research report on Wednesday, May 21st. Finally, Royal Bank Of Canada lowered their price target on Home Depot from $424.00 to $399.00 and set a "sector perform" rating on the stock in a research report on Thursday, May 15th. 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. Based on data from MarketBeat.com, Home Depot has a consensus 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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