Peddock Capital Advisors LLC Buys Shares of 727 The Home Depot, Inc. $HD

Key Points

• Peddock Capital Advisors LLC acquired 727 shares of The Home Depot, Inc., valued at approximately $267,000, during the second quarter.
• The company's CFO and EVP recently sold significant amounts of shares, with CFO Richard V. Mcphail selling 3,369 shares for approximately $1.36 million.
• Analysts have generally upgraded their price targets for Home Depot, with Mizuho and Wells Fargo raising their targets to $450.00.

Peddock Capital Advisors LLC bought a new stake in The Home Depot, Inc. (NYSE:HD - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 727 shares of the home improvement retailer's stock, valued at approximately $267,000.

Several other hedge funds and other institutional investors also recently modified their holdings of HD. Abound Financial LLC acquired a new stake in shares of Home Depot in the 1st quarter valued at approximately $31,000. Iron Horse Wealth Management LLC raised its holdings in Home Depot by 86.8% during the first 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. Global X Japan Co. Ltd. acquired a new position in Home Depot during the second quarter worth $40,000. Compass Financial Services Inc acquired a new position in Home Depot during the first quarter worth $41,000. Finally, Livelsberger Financial Advisory acquired a new position in Home Depot during the second quarter worth $41,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO Richard V. Mcphail sold 3,369 shares of the business's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $403.66, for a total value of $1,359,930.54. Following the transaction, the chief financial officer owned 45,455 shares in the company, valued at approximately $18,348,365.30. The trade was a 6.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $413.23, for a total value of $2,265,740.09. Following the completion of the transaction, 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 48,835 shares of company stock valued at $19,623,432. Insiders own 0.10% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on HD. Mizuho lifted their price objective on Home Depot from $435.00 to $450.00 and gave the stock an "outperform" rating in a report on Wednesday, August 20th. Wells Fargo & Company raised their price target on Home Depot from $420.00 to $450.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 20th. TD Securities downgraded Home Depot to a "buy" rating in a research report on Monday, June 2nd. Truist Financial raised their price target on Home Depot from $417.00 to $433.00 and gave the stock a "buy" rating in a research report on Wednesday, August 13th. Finally, Morgan Stanley raised their price target on Home Depot from $415.00 to $430.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $437.08.

Home Depot Price Performance

HD stock opened at $410.82 on Wednesday. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $439.37. The stock has a 50-day moving average price of $396.82 and a two-hundred day moving average price of $373.84. 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 $408.93 billion, a PE ratio of 27.91, a price-to-earnings-growth ratio of 3.91 and a beta of 1.00.

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

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were paid a $2.30 dividend. The ex-dividend date was Thursday, September 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.2%. Home Depot's payout ratio is 62.50%.

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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