New Harbor Financial Group LLC Makes New $366,000 Investment in The Home Depot, Inc. $HD

Key Points

• New Harbor Financial Group LLC acquired 1,000 shares of The Home Depot, valued at approximately $366,000, making it the fund's 28th largest holding.
• Insiders at Home Depot, including EVP Fahim Siddiqui and EVP Teresa Wynn Roseborough, sold shares recently, indicating a decrease in their ownership by 24.64% and 23.74% respectively.
• Several analysts have raised their price targets for Home Depot, with a consensus target of $427.76 and a majority rating of "Buy" or "Overweight."

New Harbor Financial Group LLC purchased a new position in The Home Depot, Inc. (NYSE:HD - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 1,000 shares of the home improvement retailer's stock, valued at approximately $366,000. Home Depot accounts for about 0.1% of New Harbor Financial Group LLC's portfolio, making the stock its 28th largest position.

Other institutional investors have also added to or reduced their stakes in the company. Financial Gravity Asset Management Inc. bought a new position in Home Depot in the first quarter worth approximately $406,000. Wealth Management Partners LLC raised its position in Home Depot by 0.6% in the first quarter. Wealth Management Partners LLC now owns 6,506 shares of the home improvement retailer's stock worth $2,384,000 after acquiring an additional 36 shares during the period. Arbor Capital Management Inc. ADV raised its position in Home Depot by 4.8% in the first quarter. Arbor Capital Management Inc. ADV now owns 4,784 shares of the home improvement retailer's stock worth $1,757,000 after acquiring an additional 221 shares during the period. ARS Wealth Advisors Group LLC raised its position in Home Depot by 0.8% in the first quarter. ARS Wealth Advisors Group LLC now owns 31,728 shares of the home improvement retailer's stock worth $11,628,000 after acquiring an additional 239 shares during the period. Finally, Tabor Asset Management LP bought a new position in Home Depot in the first quarter worth approximately $5,886,000. 70.86% of the stock is currently owned by institutional investors.

Insider Activity at Home Depot

In related news, CEO Edward P. Decker sold 32,897 shares of the firm's stock in a transaction on 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 transaction, the chief executive officer directly owned 122,425 shares of the company's stock, valued at approximately $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 SEC, which is accessible through this link. Also, CFO Richard V. Mcphail sold 3,369 shares of the firm's stock in a transaction on 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 of the company's stock, valued at $18,348,365.30. The trade was a 6.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 42,672 shares of company stock valued at $16,827,675. Insiders own 0.10% of the company's stock.

Analyst Upgrades and Downgrades

HD has been the subject of a number of analyst reports. Robert W. Baird increased their price objective on shares of Home Depot from $425.00 to $450.00 and gave the stock an "outperform" rating in a research note on Wednesday. Sanford C. Bernstein reissued a "market perform" rating and issued a $398.00 price objective (up from $380.00) on shares of Home Depot in a research note on Wednesday, May 21st. Guggenheim reissued a "buy" rating and issued a $450.00 price objective on shares of Home Depot in a research note on Wednesday, May 21st. Royal Bank Of Canada reduced their price objective on shares of Home Depot from $424.00 to $399.00 and set a "sector perform" rating for the company in a research note on Thursday, May 15th. Finally, Evercore ISI set a $400.00 price objective on shares of Home Depot and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. One 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.com, the company has an average rating of "Moderate Buy" and a consensus price target of $432.52.

Home Depot Price Performance

HD traded up $15.2960 during trading on Friday, hitting $412.9960. 5,283,627 shares of the company traded hands, compared to its average volume of 3,454,809. The company has a market cap of $410.90 billion, a PE ratio of 28.06, a P/E/G ratio of 3.77 and a beta of 1.00. The stock's 50-day simple moving average is $374.52 and its two-hundred day simple moving average is $371.57. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37. The company has a current ratio of 1.15, a quick ratio of 0.28 and a debt-to-equity ratio of 4.31.

Home Depot (NYSE:HD - Get Free Report) last posted its earnings results 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). The company had revenue of $45.28 billion for 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 business'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. As a group, sell-side analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be paid a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a 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%.

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.