HBW Advisory Services LLC Grows Position in The Home Depot, Inc. $HD

Key Points

• HBW Advisory Services LLC increased its stake in The Home Depot, Inc. by 13.8%, owning 5,361 shares worth approximately $1.965 million after acquiring an additional 651 shares in Q2 2023.
• CEO Edward P. Decker sold 32,897 shares valued at over $13 million, resulting in a 21.18% decrease in his position, while insider transactions over the last ninety days involved 46,532 shares worth nearly $18.65 million.
• Home Depot's recent earnings report showed a slight miss on EPS estimates at $4.68, with a revenue of $45.28 billion, and the company announced a quarterly dividend of $2.30 per share, yielding 2.2%.

HBW Advisory Services LLC lifted its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 13.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,361 shares of the home improvement retailer's stock after buying an additional 651 shares during the quarter. HBW Advisory Services LLC's holdings in Home Depot were worth $1,965,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Helen Stephens Group LLC lifted its holdings in shares of Home Depot by 5.9% in the second quarter. Helen Stephens Group LLC now owns 713 shares of the home improvement retailer's stock worth $261,000 after buying an additional 40 shares in the last quarter. Howard Financial Services LTD. lifted its holdings in shares of Home Depot by 2.7% in the second quarter. Howard Financial Services LTD. now owns 1,693 shares of the home improvement retailer's stock worth $621,000 after buying an additional 45 shares in the last quarter. First Financial Bank Trust Division lifted its holdings in shares of Home Depot by 4.5% in the second quarter. First Financial Bank Trust Division now owns 2,996 shares of the home improvement retailer's stock worth $1,098,000 after buying an additional 130 shares in the last quarter. Jacobs & Co. CA lifted its holdings in shares of Home Depot by 2.4% in the second quarter. Jacobs & Co. CA now owns 45,220 shares of the home improvement retailer's stock worth $16,579,000 after buying an additional 1,044 shares in the last quarter. Finally, Kera Capital Partners Inc. purchased a new position in shares of Home Depot in the second quarter worth $303,000. Hedge funds and other institutional investors own 70.86% of the company's stock.

Insider Transactions at Home Depot

In other news, CEO Edward P. Decker sold 32,897 shares of the firm's stock in a transaction dated 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 owned 122,425 shares in the company, valued at approximately $48,629,658.50. This trade represents a 21.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the firm's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $413.23, for a total transaction of $2,265,740.09. Following the completion of the sale, the executive vice president owned 16,057 shares of the company's stock, 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. In the last ninety days, insiders have sold 46,532 shares of company stock worth $18,648,987. 0.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on HD shares. Evercore ISI set a $400.00 target price on shares of Home Depot and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Jefferies Financial Group decreased their price target on shares of Home Depot from $461.00 to $456.00 in a research note on Tuesday, May 20th. Robert W. Baird increased their price objective on shares of Home Depot from $425.00 to $450.00 and gave the company an "outperform" rating in a research report on Wednesday, August 20th. Guggenheim reiterated a "buy" rating and set a $450.00 price objective on shares of Home Depot in a research report on Wednesday, May 21st. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Home Depot from $460.00 to $452.00 and set an "overweight" rating for the company in a research report on Wednesday, August 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, the company has a consensus rating of "Moderate Buy" and a consensus price target of $432.52.

Home Depot Price Performance

Home Depot stock opened at $423.33 on Friday. The firm has a 50-day moving average price of $390.03 and a 200-day moving average price of $372.47. The firm has a market capitalization of $421.38 billion, a PE ratio of 28.76, a price-to-earnings-growth ratio of 4.01 and a beta of 1.00. The company has a current ratio of 1.15, a quick ratio of 0.34 and a debt-to-equity ratio of 4.31. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last released its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (EPS) for the quarter, missing the consensus estimate 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 return on equity of 193.99% and a net margin of 8.86%.Home Depot's revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the business posted $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, equities research analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be issued a $2.30 dividend. This represents a $9.20 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Thursday, September 4th. Home Depot's dividend payout ratio (DPR) is 62.50%.

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.

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