JSF Financial LLC Boosts Stock Position in The Home Depot, Inc. $HD

Key Points

• JSF Financial LLC increased its stake in Home Depot by 27.7%, owning 3,376 shares valued at approximately $1.24 million as of the latest SEC filing.
• Home Depot's latest quarterly earnings report showed an EPS of $4.68, slightly below the consensus estimate of $4.69, with revenues of $45.28 billion.
• The company announced a quarterly dividend of $2.30 per share, representing an annual yield of 2.3%.

JSF Financial LLC raised its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 27.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,376 shares of the home improvement retailer's stock after purchasing an additional 732 shares during the period. JSF Financial LLC's holdings in Home Depot were worth $1,238,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of HD. Brighton Jones LLC lifted its position in Home Depot by 36.5% during the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer's stock valued at $10,471,000 after acquiring an additional 7,203 shares during the last quarter. Vest Financial LLC increased its position in shares of Home Depot by 67.6% during the first quarter. Vest Financial LLC now owns 8,062 shares of the home improvement retailer's stock worth $2,955,000 after purchasing an additional 3,252 shares in the last quarter. Eagle Rock Investment Company LLC increased its position in shares of Home Depot by 9.4% during the first quarter. Eagle Rock Investment Company LLC now owns 1,289 shares of the home improvement retailer's stock worth $472,000 after purchasing an additional 111 shares in the last quarter. Pines Wealth Management LLC increased its position in shares of Home Depot by 10.0% during the first quarter. Pines Wealth Management LLC now owns 3,938 shares of the home improvement retailer's stock worth $1,320,000 after purchasing an additional 357 shares in the last quarter. Finally, Udine Wealth Management Inc. grew its stake in Home Depot by 6.8% during the 1st quarter. Udine Wealth Management Inc. now owns 5,898 shares of the home improvement retailer's stock worth $2,162,000 after buying an additional 378 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Home Depot Price Performance

Shares of NYSE:HD opened at $394.88 on Friday. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37. The company's 50 day moving average is $402.63 and its 200 day moving average is $376.37. 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 company has a market cap of $393.06 billion, a PE ratio of 26.83, a price-to-earnings-growth ratio of 3.75 and a beta of 1.00.

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 the consensus estimate of $4.69 by ($0.01). The business had revenue of $45.28 billion during the quarter, compared to analysts' expectations 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 period last year, the company earned $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, sell-side analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were paid a dividend of $2.30 per share. The ex-dividend date was Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.3%. Home Depot's dividend payout ratio (DPR) is presently 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 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP William D. Bastek sold 3,783 shares of the firm's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $410.23, for a total value of $1,551,900.09. Following the sale, the executive vice president directly owned 24,235 shares in the company, valued at approximately $9,941,924.05. This trade represents a 13.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 48,835 shares of company stock worth $19,623,432. Insiders own 0.10% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. dropped their target price on Home Depot from $460.00 to $452.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 20th. Oppenheimer raised their price target on Home Depot from $400.00 to $420.00 and gave the stock a "market perform" rating in a report on Thursday, September 25th. DA Davidson reaffirmed a "buy" rating and issued a $450.00 price objective on shares of Home Depot in a research report on Tuesday, August 19th. Mizuho increased their price objective on shares of Home Depot from $435.00 to $450.00 and gave the company an "outperform" rating in a research report on Wednesday, August 20th. Finally, Telsey Advisory Group restated an "outperform" rating and set a $455.00 price target on shares of Home Depot in a research note on Tuesday, August 19th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $436.40.

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.

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