Menora Mivtachim Holdings LTD. Has $286.50 Million Position in The Home Depot, Inc. $HD

Key Points

• Menora Mivtachim Holdings LTD. increased its stake in The Home Depot, Inc. by 19.5%, now owning 781,732 shares valued at $286.50 million.
• Home Depot's recent quarterly earnings report showed earnings per share of $3.56, slightly below the consensus estimate, although revenue increased by 9.4% year-over-year.
• Analysts have mixed ratings on Home Depot, with updates suggesting price targets ranging from $400.00 to $470.00, reflecting confidence in the stock's performance amidst market fluctuations.

Menora Mivtachim Holdings LTD. raised its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 19.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 781,732 shares of the home improvement retailer's stock after buying an additional 127,500 shares during the period. Home Depot makes up about 1.9% of Menora Mivtachim Holdings LTD.'s holdings, making the stock its 14th biggest holding. Menora Mivtachim Holdings LTD. owned approximately 0.08% of Home Depot worth $286,497,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of HD. Financial Gravity Asset Management Inc. bought a new position in shares of Home Depot in the first quarter valued at approximately $406,000. Wealth Management Partners LLC boosted its stake in Home Depot by 0.6% in the 1st quarter. Wealth Management Partners LLC now owns 6,506 shares of the home improvement retailer's stock worth $2,384,000 after purchasing an additional 36 shares during the period. Arbor Capital Management Inc. ADV lifted its position in Home Depot by 4.8% in the 1st quarter. Arbor Capital Management Inc. ADV now owns 4,784 shares of the home improvement retailer's stock worth $1,757,000 after buying an additional 221 shares in the last quarter. ARS Wealth Advisors Group LLC lifted its position in Home Depot by 0.8% in the 1st quarter. ARS Wealth Advisors Group LLC now owns 31,728 shares of the home improvement retailer's stock worth $11,628,000 after buying an additional 239 shares in the last quarter. Finally, Tabor Asset Management LP purchased a new stake in Home Depot in the 1st quarter worth approximately $5,886,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Home Depot Stock Performance

Shares of HD traded down $5.5270 during trading hours on Thursday, hitting $396.2130. The company had a trading volume of 1,399,906 shares, compared to its average volume of 3,539,017. The firm has a market cap of $394.20 billion, a price-to-earnings ratio of 26.92, a PEG ratio of 3.87 and a beta of 1.00. The company has a quick ratio of 0.28, a current ratio of 1.15 and a debt-to-equity ratio of 4.31. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37. The business has a fifty day moving average of $372.65 and a 200-day moving average of $371.64.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings results 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). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The business had revenue of $45.28 billion for the quarter, compared to the consensus estimate of $45.43 billion. During the same period in the prior year, the business posted $4.60 earnings per share. Home Depot's 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. Equities analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Insider Buying and Selling

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,406 shares of the firm's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $369.28, for a total value of $1,996,327.68. Following the transaction, the executive vice president directly owned 17,367 shares of the company's stock, valued at $6,413,285.76. This trade represents a 23.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

HD has been the topic of several recent analyst reports. Truist Financial lifted their target price on shares of Home Depot from $417.00 to $433.00 and gave the stock a "buy" rating in a report on Wednesday, August 13th. Robert W. Baird lifted 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. JPMorgan Chase & Co. dropped their target price on shares of Home Depot from $460.00 to $452.00 and set an "overweight" rating for the company in a research note on Wednesday. Telsey Advisory Group reissued an "outperform" rating and set a $455.00 price target on shares of Home Depot in a research note on Tuesday. Finally, Wells Fargo & Company boosted their price objective on shares of Home Depot from $420.00 to $450.00 and gave the company an "overweight" rating in a report on Wednesday. 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. According to MarketBeat, Home Depot presently has an average rating of "Moderate Buy" and an average target price 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.