Horizon Investments LLC Has $4.12 Million Holdings in The Home Depot, Inc. $HD

Key Points

• Horizon Investments LLC increased its stake in The Home Depot, buying 1,103 shares and holding a total of 11,244 shares worth approximately $4.12 million at the end of Q1.
• Home Depot reported a Q1 EPS of $3.56, below analysts' estimates of $3.59, but its revenue grew by 9.4% year-over-year to $39.86 billion.
• Home Depot recently declared a quarterly dividend of $2.30 per share, representing an annualized payout of $9.20, with a dividend yield of 2.3% and a payout ratio of 62.42%.

Horizon Investments LLC raised its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 10.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,244 shares of the home improvement retailer's stock after purchasing an additional 1,103 shares during the quarter. Horizon Investments LLC's holdings in Home Depot were worth $4,121,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Asset Planning Services Inc. LA ADV increased its position in shares of 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 worth $6,954,431,000 after purchasing an additional 18,956,701 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Home Depot by 39,194.1% during 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 bought a new stake in shares of Home Depot during the 1st quarter valued at about $2,076,592,000. Northern Trust Corp grew its position in shares of Home Depot by 13.3% during the 4th 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 stake in shares of Home Depot during the 4th quarter valued at about $471,189,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Insider Activity at Home Depot

In other Home Depot news, EVP Fahim Siddiqui sold 2,600 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total value of $954,564.00. Following the transaction, the executive vice president owned 7,951 shares in the company, valued at approximately $2,919,130.14. This represents a 24.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the company's 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 completion of the transaction, the executive vice president owned 17,367 shares in the company, valued at approximately $6,413,285.76. This represents a 23.74% decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Evercore ISI set a $400.00 target price on shares of Home Depot and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. JPMorgan Chase & Co. upped their target price on shares of Home Depot from $410.00 to $418.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 21st. Stifel Nicolaus upped their price target on shares of Home Depot from $425.00 to $432.00 and gave the stock a "buy" rating in a research note on Monday. Truist Financial upped their price target on shares of Home Depot from $417.00 to $433.00 and gave the stock a "buy" rating in a research note on Wednesday, August 13th. Finally, Guggenheim reaffirmed a "buy" rating and issued a $450.00 price target on shares of Home Depot in a research note 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 assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $427.76.

Home Depot Trading Up 2.9%

Shares of NYSE:HD traded up $11.5230 during mid-day trading on Tuesday, hitting $406.2230. The stock had a trading volume of 7,604,414 shares, compared to its average volume of 3,541,694. The company has a debt-to-equity ratio of 5.95, a quick ratio of 0.28 and a current ratio of 1.09. The company has a market cap of $404.16 billion, a PE ratio of 27.56, a P/E/G ratio of 3.80 and a beta of 1.00. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $439.37. The company's 50 day moving average is $371.05 and its 200-day moving average is $371.19.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share for the quarter, missing the consensus estimate of $4.69 by ($0.01). The company had revenue of $45.28 billion during the quarter, compared to analyst estimates of $45.43 billion. Home Depot had a net margin of 8.98% and a return on equity of 242.51%. The firm's quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, sell-side analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The business also recently disclosed 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 annualized dividend and a yield of 2.3%. The ex-dividend date was Thursday, June 5th. Home Depot's dividend payout ratio is currently 62.42%.

Home Depot Company 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.