Insight Wealth Strategies LLC Acquires 874 Shares of The Home Depot, Inc. $HD

Key Points

• Insight Wealth Strategies LLC increased its stake in The Home Depot by 7.5% by acquiring 874 additional shares, bringing their total holdings to 12,482 shares valued at approximately $4.66 million.
• Home Depot's latest quarterly earnings report showed $4.68 EPS, missing the consensus estimate by $0.01, with revenues of $45.28 billion.
• The company declared a quarterly dividend of $2.30 per share, representing an annualized yield of 2.2%, to be paid on September 18th.

Insight Wealth Strategies LLC boosted its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 7.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 12,482 shares of the home improvement retailer's stock after buying an additional 874 shares during the period. Insight Wealth Strategies LLC's holdings in Home Depot were worth $4,658,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of HD. Abound Financial LLC purchased a new position in Home Depot in the first quarter valued at about $31,000. Iron Horse Wealth Management LLC increased its position in shares of 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 buying an additional 46 shares in the last quarter. Compass Financial Services Inc purchased a new stake in shares of Home Depot in the first quarter valued at approximately $41,000. Quest 10 Wealth Builders Inc. increased its position in shares of Home Depot by 35.7% during the first quarter. Quest 10 Wealth Builders Inc. now owns 114 shares of the home improvement retailer's stock worth $42,000 after purchasing an additional 30 shares in the last quarter. Finally, Spurstone Advisory Services LLC purchased a new stake in Home Depot in the 4th quarter valued at $45,000. Hedge funds and other institutional investors own 70.86% of the company's stock.

Home Depot Stock Performance

HD opened at $423.33 on Friday. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37. The business has a 50 day moving average price of $390.03 and a two-hundred day moving average price of $372.34. The company has a market capitalization of $421.38 billion, a price-to-earnings ratio of 28.76, a price-to-earnings-growth ratio of 4.01 and a beta of 1.00. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.34.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings data 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 for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Research analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

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

Insider Transactions at Home Depot

In other news, CFO Richard V. Mcphail sold 3,369 shares of the business's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $403.66, for a total transaction of $1,359,930.54. Following the transaction, the chief financial officer directly owned 45,455 shares in the company, valued at $18,348,365.30. The trade was a 6.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Edward P. Decker sold 32,897 shares of the business's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $397.22, for a total transaction of $13,067,346.34. Following the completion of the sale, the chief executive officer directly owned 122,425 shares of the company's stock, valued at $48,629,658.50. This represents a 21.18% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 46,532 shares of company stock valued at $18,648,987. 0.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Truist Financial upped their price target on Home Depot from $417.00 to $433.00 and gave the company a "buy" rating in a research note on Wednesday, August 13th. Robert W. Baird raised their price target on Home Depot from $425.00 to $450.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 20th. TD Securities cut Home Depot to a "buy" rating in a research report on Monday, June 2nd. Jefferies Financial Group reduced their price objective on Home Depot from $461.00 to $456.00 in a report on Tuesday, May 20th. Finally, Guggenheim reaffirmed a "buy" rating and issued a $450.00 price objective on shares of Home Depot in a research report on Wednesday, May 21st. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target 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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