Phoenix Financial Ltd. Has $13.74 Million Holdings in The Home Depot, Inc. $HD

Key Points

• Phoenix Financial Ltd. increased its holdings in The Home Depot, Inc. by 21.3% in Q2, bringing the total value of its shares to $13.74 million.
• Insiders at Home Depot, including EVP Angie Brown and CFO Richard V. Mcphail, sold a total of 48,835 shares worth approximately $19.6 million over the last three months.
• The Home Depot reported quarterly earnings of $4.68 per share, missing analysts' estimates by $0.01, with revenue of $45.28 billion for the quarter.

Phoenix Financial Ltd. lifted its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 21.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,517 shares of the home improvement retailer's stock after buying an additional 6,598 shares during the period. Phoenix Financial Ltd.'s holdings in Home Depot were worth $13,743,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Legend Financial Advisors Inc. acquired a new position in shares of Home Depot during the 2nd quarter worth about $28,000. Abound Financial LLC acquired a new position in shares of Home Depot during the 1st quarter worth about $31,000. Iron Horse Wealth Management LLC boosted its stake in shares of 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 buying an additional 46 shares during the last quarter. Global X Japan Co. Ltd. acquired a new position in shares of Home Depot during the 2nd quarter worth about $40,000. Finally, GFG Capital LLC acquired a new position in shares of Home Depot during the 2nd quarter worth about $40,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Angie Brown sold 1,000 shares of Home Depot stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total value of $404,070.00. Following the transaction, the executive vice president directly owned 3,837 shares of the company's stock, valued at $1,550,416.59. This trade represents a 20.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Richard V. Mcphail sold 3,369 shares of Home Depot stock in a transaction that occurred 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 completion of the transaction, the chief financial officer directly owned 45,455 shares in the company, valued at $18,348,365.30. This trade represents a 6.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 48,835 shares of company stock valued at $19,623,432 over the last three months. 0.10% of the stock is owned by corporate insiders.

Home Depot Stock Down 0.8%

Shares of HD opened at $388.91 on Tuesday. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37. The firm's 50 day moving average is $403.72 and its 200-day moving average is $378.37. The stock has a market capitalization of $387.12 billion, a PE ratio of 26.42, a P/E/G ratio of 3.72 and a beta of 1.00. The company has a current ratio of 1.15, a quick ratio of 0.34 and a debt-to-equity ratio of 4.31.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.69 by ($0.01). The firm had revenue of $45.28 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the business earned $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Equities research analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were paid a $2.30 dividend. 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 dividend payout ratio (DPR) is 62.50%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on HD. Wells Fargo & Company increased their price objective on shares of Home Depot from $420.00 to $450.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 20th. Oppenheimer raised their target price on shares of Home Depot from $400.00 to $420.00 and gave the company a "market perform" rating in a research note on Thursday, September 25th. Wolfe Research initiated coverage on shares of Home Depot in a research note on Thursday, September 18th. They issued an "outperform" rating and a $497.00 target price for the company. Truist Financial raised their target price on shares of Home Depot from $417.00 to $433.00 and gave the company a "buy" rating in a research note on Wednesday, August 13th. Finally, Robert W. Baird raised their target price on shares of Home Depot from $425.00 to $450.00 and gave the company an "outperform" rating in a research note on Wednesday, August 20th. One 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 $435.42.

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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