OFI Invest Asset Management Acquires 10,101 Shares of The Home Depot, Inc. $HD

Key Points

• OFI Invest Asset Management increased its holdings in The Home Depot by 6.0%, acquiring an additional 10,101 shares during the second quarter, bringing their total to 178,550 shares valued at approximately $65.46 million.
• Wall Street analysts have set a series of target price increases for Home Depot, with estimates reaching as high as $455.00, while the stock currently holds a consensus rating of "Moderate Buy".
• In recent insider trading, EVP Teresa Wynn Roseborough sold 5,483 shares at an average price of $413.23, reflecting a significant decrease in her holdings, amid a trend where insiders have sold nearly 49,000 shares recently.

OFI Invest Asset Management grew its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 6.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 178,550 shares of the home improvement retailer's stock after buying an additional 10,101 shares during the period. OFI Invest Asset Management's holdings in Home Depot were worth $65,464,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Client 1ST Advisory Group LLC boosted its holdings in shares of Home Depot by 1.5% during the 1st quarter. Client 1ST Advisory Group LLC now owns 1,878 shares of the home improvement retailer's stock worth $688,000 after buying an additional 27 shares in the last quarter. Financial Insights Inc. boosted its holdings in shares of Home Depot by 3.3% during the 1st quarter. Financial Insights Inc. now owns 880 shares of the home improvement retailer's stock worth $323,000 after buying an additional 28 shares in the last quarter. Wayfinding Financial LLC lifted its holdings in shares of Home Depot by 1.2% in the 1st quarter. Wayfinding Financial LLC now owns 2,353 shares of the home improvement retailer's stock worth $862,000 after purchasing an additional 28 shares in the last quarter. Pure Portfolios Holdings LLC lifted its holdings in shares of Home Depot by 4.7% in the 1st quarter. Pure Portfolios Holdings LLC now owns 623 shares of the home improvement retailer's stock worth $228,000 after purchasing an additional 28 shares in the last quarter. Finally, First Interstate Bank lifted its holdings in shares of Home Depot by 0.3% in the 1st quarter. First Interstate Bank now owns 9,020 shares of the home improvement retailer's stock worth $3,306,000 after purchasing an additional 28 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HD. DA Davidson reiterated a "buy" rating and issued a $450.00 target price on shares of Home Depot in a report on Tuesday, August 19th. Robert W. Baird increased their target price on Home Depot from $425.00 to $450.00 and gave the stock an "outperform" rating in a report on Wednesday, August 20th. Morgan Stanley increased their target price on Home Depot from $415.00 to $430.00 and gave the stock an "overweight" rating in a report on Wednesday, August 20th. Mizuho increased their target price on Home Depot from $435.00 to $450.00 and gave the stock an "outperform" rating in a report on Wednesday, August 20th. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $455.00 target price on shares of Home Depot in a report on Tuesday, August 19th. 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $435.42.

Insider Buying and Selling at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 5,483 shares of Home Depot stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $413.23, for a total transaction of $2,265,740.09. Following the completion of the sale, the executive vice president owned 16,057 shares in the company, valued at approximately $6,635,234.11. This trade represents a 25.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Angie Brown sold 1,000 shares of Home Depot stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total value of $404,070.00. Following the sale, the executive vice president owned 3,837 shares of the company's stock, valued at approximately $1,550,416.59. This trade represents a 20.67% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 48,835 shares of company stock worth $19,623,432. 0.10% of the stock is owned by corporate insiders.

Home Depot Trading Down 0.5%

Shares of Home Depot stock opened at $375.86 on Friday. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37. The firm has a market cap of $374.13 billion, a PE ratio of 25.53, a P/E/G ratio of 3.56 and a beta of 1.00. The stock has a fifty day moving average price of $403.54 and a 200-day moving average price of $377.20. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.34.

Home Depot (NYSE:HD - Get Free Report) last announced its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (EPS) 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 business had revenue of $45.28 billion for the quarter, compared to analysts' expectations of $45.43 billion. During the same period in the prior year, the business earned $4.60 earnings per share. The company's revenue for the quarter 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 research analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were issued a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Thursday, September 4th. Home Depot's payout ratio 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.

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