Korea Investment CORP Grows Stake in The Home Depot, Inc. $HD

Key Points

• Korea Investment CORP increased its holdings in The Home Depot by 1.0%, acquiring an additional 7,180 shares, bringing its total to approximately 760,094 shares, valued at about $278.57 million.
• Several institutional investors made significant changes to their stakes in Home Depot, with Asset Planning Services Inc. LA ADV increasing its stake by 99,400.7% and acquiring nearly 19 million shares worth approximately $6.95 billion.
• Home Depot reported earnings of $3.56 per share for the latest quarter, missing estimates by $0.03, while revenue was $39.86 billion, exceeding the consensus estimate.

Korea Investment CORP raised its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 1.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 760,094 shares of the home improvement retailer's stock after buying an additional 7,180 shares during the quarter. Home Depot comprises 0.7% of Korea Investment CORP's investment portfolio, making the stock its 24th largest holding. Korea Investment CORP owned approximately 0.08% of Home Depot worth $278,567,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Navigoe LLC bought a new stake in shares of Home Depot in the 4th quarter valued at approximately $29,000. Abound Financial LLC acquired a new position in Home Depot during the 1st quarter worth $31,000. Iron Horse Wealth Management LLC raised its holdings in Home Depot by 86.8% during the 1st quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer's stock worth $36,000 after purchasing an additional 46 shares during the last quarter. Quarry LP lifted its stake in shares of Home Depot by 220.0% in the 4th quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock valued at $37,000 after purchasing an additional 66 shares during the period. Finally, Quest 10 Wealth Builders Inc. grew its position in shares of Home Depot by 35.7% during the 1st quarter. Quest 10 Wealth Builders Inc. now owns 114 shares of the home improvement retailer's stock worth $42,000 after buying an additional 30 shares during the period. 70.86% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,406 shares of the stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total value of $1,996,327.68. Following the completion of the sale, 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.10% of the company's stock.

Wall Street Analysts Forecast Growth

HD has been the topic of several recent analyst reports. Evercore ISI set a $400.00 price objective on Home Depot and gave the company an "outperform" rating in a report on Thursday, May 22nd. Jefferies Financial Group decreased their price objective on shares of Home Depot from $461.00 to $456.00 in a research report on Tuesday, May 20th. Gordon Haskett upped their price objective on shares of Home Depot from $350.00 to $360.00 in a report on Tuesday, May 20th. Morgan Stanley increased their price objective on Home Depot from $415.00 to $430.00 and gave the stock an "overweight" rating in a research report on Wednesday. Finally, Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $398.00 price objective (up from $380.00) on shares of Home Depot in a report on Wednesday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $432.52.

Home Depot Stock Performance

HD stock traded up $15.2960 during midday trading on Friday, reaching $412.9960. 5,280,586 shares of the company's stock traded hands, compared to its average volume of 3,560,001. The company has a 50-day moving average price of $373.34 and a two-hundred day moving average price of $371.56. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.28 and a current ratio of 1.15. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $439.37. The firm has a market capitalization of $410.90 billion, a PE ratio of 28.06, a price-to-earnings-growth ratio of 3.81 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last posted 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). Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The company had revenue of $45.28 billion for the quarter, compared to analysts' expectations of $45.43 billion. During the same quarter last year, the business posted $4.60 EPS. The business's quarterly revenue was up 4.9% compared to the same quarter last year. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, equities analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be given a $2.30 dividend. The ex-dividend date 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 is presently 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.