Integrated Wealth Concepts LLC Purchases 1,415 Shares of The Home Depot, Inc. $HD

Key Points

• Integrated Wealth Concepts LLC increased its stake in The Home Depot, Inc. by 2.1% in the first quarter, now holding 69,440 shares valued at approximately $25.45 million.
• Analysts have set various target prices for Home Depot's stock, with a consensus rating of "Moderate Buy" and an average target price of $432.52.
• The company reported earnings of $4.68 per share for the last quarter, slightly missing estimates, with a net margin of 8.86% and revenue up 4.9% year-over-year.

Integrated Wealth Concepts LLC boosted its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 2.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 69,440 shares of the home improvement retailer's stock after buying an additional 1,415 shares during the quarter. Integrated Wealth Concepts LLC's holdings in Home Depot were worth $25,449,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Gotham Asset Management LLC grew its stake in Home Depot by 84.4% in the 1st quarter. Gotham Asset Management LLC now owns 32,035 shares of the home improvement retailer's stock valued at $11,741,000 after buying an additional 14,662 shares during the last quarter. DoubleLine ETF Adviser LP acquired a new position in Home Depot in the 1st quarter valued at $4,895,000. Edmond DE Rothschild Holding S.A. grew its stake in Home Depot by 14.8% in the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 21,924 shares of the home improvement retailer's stock valued at $8,035,000 after buying an additional 2,828 shares during the last quarter. EFG Asset Management North America Corp. boosted its holdings in Home Depot by 8.4% in the 1st quarter. EFG Asset Management North America Corp. now owns 14,577 shares of the home improvement retailer's stock valued at $5,342,000 after purchasing an additional 1,134 shares during the period. Finally, Eventide Asset Management LLC boosted its holdings in Home Depot by 28.2% in the 1st quarter. Eventide Asset Management LLC now owns 22,888 shares of the home improvement retailer's stock valued at $8,275,000 after purchasing an additional 5,032 shares during the period. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. TD Securities downgraded shares of Home Depot to a "buy" rating in a report on Monday, June 2nd. Robert W. Baird increased their price target on shares of Home Depot from $425.00 to $450.00 and gave the company an "outperform" rating in a report on Wednesday, August 20th. Evercore ISI set a $400.00 price target on shares of Home Depot and gave the company an "outperform" rating in a report on Thursday, May 22nd. Stifel Nicolaus increased their price target on shares of Home Depot from $425.00 to $432.00 and gave the company a "buy" rating in a report on Monday, August 18th. Finally, Morgan Stanley increased their price target on shares of Home Depot from $415.00 to $430.00 and gave the company an "overweight" rating in a report on Wednesday, August 20th. 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, Home Depot has a consensus rating of "Moderate Buy" and an average target price of $432.52.

Home Depot Price Performance

Shares of NYSE:HD traded up $7.01 during midday trading on Friday, reaching $418.70. 5,854,063 shares of the company's stock were exchanged, compared to its average volume of 3,709,986. The company's 50 day simple moving average is $385.21 and its two-hundred day simple moving average is $371.13. The firm has a market capitalization of $416.77 billion, a PE ratio of 28.44, a price-to-earnings-growth ratio of 3.97 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 has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings data 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 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 was up 4.9% on a year-over-year basis. During the same period in the previous year, the business posted $4.60 earnings per share. 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 earnings per share 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. Stockholders of record on Thursday, September 4th will be issued a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, September 4th. Home Depot's dividend payout ratio (DPR) is presently 62.50%.

Insider Activity at Home Depot

In related news, EVP William D. Bastek sold 3,783 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $410.23, for a total transaction of $1,551,900.09. Following the completion of the sale, the executive vice president owned 24,235 shares in the company, valued at $9,941,924.05. This trade represents a 13.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Edward P. Decker sold 32,897 shares of the stock in a transaction dated 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 sale, the chief executive officer 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 disclosure for this sale can be found here. Insiders sold 46,532 shares of company stock worth $18,648,987 in the last ninety 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.