Price T Rowe Associates Inc. MD Increases Stock Position in The Home Depot, Inc. $HD

Key Points

• Price T Rowe Associates Inc. MD increased its holdings in The Home Depot by 19.3%, acquiring an additional 1,494,261 shares and now owning around $3.39 billion worth of the stock.
• Insider EVP Teresa Wynn Roseborough sold 5,406 shares at an average price of $369.28, resulting in a 23.74% decrease in her ownership of the company.
• Home Depot's recent earnings report reflected an EPS of $4.68, slightly missing analysts' estimates, with a projected FY 2025 guidance set at $14.94 EPS.

Price T Rowe Associates Inc. MD increased its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 19.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,253,292 shares of the home improvement retailer's stock after purchasing an additional 1,494,261 shares during the quarter. Price T Rowe Associates Inc. MD owned 0.93% of Home Depot worth $3,391,240,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HD. Navigoe LLC bought a new stake in Home Depot during the fourth quarter valued at approximately $29,000. Abound Financial LLC bought a new stake in shares of Home Depot during the 1st quarter valued at $31,000. Iron Horse Wealth Management LLC lifted its position in shares of Home Depot by 86.8% in the first quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer's stock valued at $36,000 after acquiring an additional 46 shares in the last quarter. Quarry LP boosted its stake in shares of Home Depot by 220.0% in the fourth quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock worth $37,000 after acquiring an additional 66 shares during the period. Finally, Quest 10 Wealth Builders Inc. grew its position in shares of Home Depot by 35.7% during the first quarter. Quest 10 Wealth Builders Inc. now owns 114 shares of the home improvement retailer's stock worth $42,000 after purchasing an additional 30 shares in the last quarter. Institutional investors own 70.86% of the company's stock.

Insider Buying and Selling at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 5,406 shares of the company's stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total value of $1,996,327.68. Following the completion of the sale, the executive vice president directly owned 17,367 shares in the company, valued at $6,413,285.76. This represents a 23.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is currently owned by corporate insiders.

Home Depot Price Performance

Shares of NYSE HD opened at $402.0330 on Thursday. The firm has a market cap of $399.99 billion, a PE ratio of 27.31, a PEG ratio of 3.87 and a beta of 1.00. The firm has a fifty day moving average of $372.65 and a 200 day moving average of $371.64. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.28 and a current ratio of 1.15. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last released its 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 company 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 firm earned $4.60 EPS. The firm's revenue for the quarter 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 fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Royal Bank Of Canada cut their target price 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. Evercore ISI set a $400.00 price target on Home Depot and gave the company an "outperform" rating in a research note on Thursday, May 22nd. DA Davidson reissued a "buy" rating and issued a $450.00 price target on shares of Home Depot in a report on Tuesday. Sanford C. Bernstein reiterated a "market perform" rating and issued a $398.00 target price (up previously from $380.00) on shares of Home Depot in a research report on Wednesday, May 21st. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and issued a $455.00 price objective on shares of Home Depot in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat, Home Depot presently has an average rating of "Moderate Buy" and a consensus price target 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.

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