Guggenheim Capital LLC Purchases 12,854 Shares of The Home Depot, Inc. $HD

Key Points

• Guggenheim Capital LLC raised its stake in The Home Depot by 15.2%, increasing its holdings to 97,558 shares worth approximately $35.75 million.
• Home Depot's recent quarterly earnings reported an EPS of $4.68, slightly missing analyst expectations, with revenue of $45.28 billion.
• The company announced a quarterly dividend of $2.30 per share, resulting in an annual yield of 2.3% for investors.

Guggenheim Capital LLC increased its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 15.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 97,558 shares of the home improvement retailer's stock after buying an additional 12,854 shares during the quarter. Guggenheim Capital LLC's holdings in Home Depot were worth $35,754,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Warwick Investment Management Inc. grew its position in Home Depot by 5.3% during the first quarter. Warwick Investment Management Inc. now owns 1,071 shares of the home improvement retailer's stock worth $393,000 after buying an additional 54 shares in the last quarter. Quadcap Wealth Management LLC boosted its holdings in shares of Home Depot by 13.3% in the 1st quarter. Quadcap Wealth Management LLC now owns 2,483 shares of the home improvement retailer's stock valued at $909,000 after purchasing an additional 292 shares in the last quarter. Redwood Investment Management LLC boosted its holdings in shares of Home Depot by 56.3% in the 1st quarter. Redwood Investment Management LLC now owns 3,857 shares of the home improvement retailer's stock valued at $1,414,000 after purchasing an additional 1,390 shares in the last quarter. Samalin Investment Counsel LLC boosted its holdings in shares of Home Depot by 7.1% in the 1st quarter. Samalin Investment Counsel LLC now owns 3,128 shares of the home improvement retailer's stock valued at $1,147,000 after purchasing an additional 207 shares in the last quarter. Finally, Ceredex Value Advisors LLC boosted its holdings in shares of Home Depot by 6.2% in the 1st quarter. Ceredex Value Advisors LLC now owns 147,952 shares of the home improvement retailer's stock valued at $54,223,000 after purchasing an additional 8,647 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on HD shares. TD Securities downgraded Home Depot to a "buy" rating in a report on Monday, June 2nd. 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. Robert W. Baird raised their target price on Home Depot from $425.00 to $450.00 and gave the company an "outperform" rating in a report on Wednesday, August 20th. Royal Bank Of Canada reduced their target price on Home Depot from $424.00 to $399.00 and set a "sector perform" rating on the stock in a report on Thursday, May 15th. Finally, Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $398.00 target price (up previously from $380.00) on shares of Home Depot in a report on Wednesday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat, Home Depot presently has an average rating of "Moderate Buy" and an average price target of $432.52.

Home Depot Stock Down 0.2%

Shares of HD opened at $407.88 on Wednesday. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $439.37. The stock has a market capitalization of $405.81 billion, a price-to-earnings ratio of 27.71, a PEG ratio of 3.88 and a beta of 1.00. 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 fifty day moving average of $376.81 and a 200-day moving average of $371.24.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 EPS for the quarter, missing analysts' consensus estimates of $4.69 by ($0.01). The firm had revenue of $45.28 billion during 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%. The firm's revenue was up 4.9% on a year-over-year basis. 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. As a group, sell-side analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be given a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Thursday, September 4th. Home Depot's dividend payout ratio (DPR) is currently 62.50%.

Insider Buying and Selling at Home Depot

In related news, CEO Edward P. Decker sold 32,897 shares of the firm'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 completion of the transaction, the chief executive officer directly owned 122,425 shares of the company's stock, valued at $48,629,658.50. This trade represents a 21.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the firm's stock in a transaction on Friday, August 22nd. The stock was 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 of the company's stock, valued at approximately $6,635,234.11. This represents a 25.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 46,532 shares of company stock worth $18,648,987 over the last 90 days. Company 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.

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