Southeast Asset Advisors LLC Purchases 1,817 Shares of The Home Depot, Inc. $HD

Key Points

• Southeast Asset Advisors LLC increased its holdings in The Home Depot by 55.8%, owning 5,076 shares worth $1,860,000 after purchasing an additional 1,817 shares in Q1.
• Analysts have set a consensus price target of $432.52 for Home Depot, with ratings varying from Strong Buy to Buy, despite a recent downgrade by TD Securities.
• The Home Depot announced a quarterly dividend of $2.30 per share, with an annual yield of 2.2%, and a payout ratio currently at 62.50%.

Southeast Asset Advisors LLC boosted its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 55.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,076 shares of the home improvement retailer's stock after purchasing an additional 1,817 shares during the quarter. Southeast Asset Advisors LLC's holdings in Home Depot were worth $1,860,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Asset Planning Services Inc. LA ADV raised its holdings in Home Depot by 99,400.7% in the first quarter. Asset Planning Services Inc. LA ADV now owns 18,975,772 shares of the home improvement retailer's stock valued at $6,954,431,000 after acquiring an additional 18,956,701 shares in the last quarter. GAMMA Investing LLC grew its holdings in Home Depot by 39,194.1% during the 1st quarter. GAMMA Investing LLC now owns 10,236,903 shares of the home improvement retailer's stock worth $37,517,230,000 after acquiring an additional 10,210,851 shares in the last quarter. Nuveen LLC bought a new stake in shares of Home Depot in the 1st quarter worth about $2,076,592,000. Price T Rowe Associates Inc. MD raised its stake in shares of Home Depot by 19.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,253,292 shares of the home improvement retailer's stock valued at $3,391,240,000 after purchasing an additional 1,494,261 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Home Depot by 13.3% during the fourth quarter. Northern Trust Corp now owns 12,149,890 shares of the home improvement retailer's stock worth $4,726,186,000 after purchasing an additional 1,424,857 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Angie Brown sold 1,000 shares of the 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 completion of the transaction, the executive vice president owned 3,837 shares of the company's stock, valued at $1,550,416.59. This represents a 20.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Richard V. Mcphail sold 3,369 shares of the stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $403.66, for a total value of $1,359,930.54. Following the completion of the transaction, the chief financial officer 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. Insiders have sold 46,532 shares of company stock valued at $18,648,987 in the last ninety days. Insiders own 0.10% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on HD shares. Telsey Advisory Group reissued an "outperform" rating and issued a $455.00 price objective on shares of Home Depot in a report on Tuesday, August 19th. 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. Evercore ISI set a $400.00 price target on Home Depot and gave the company an "outperform" rating in a report on Thursday, May 22nd. Stifel Nicolaus raised their price objective on Home Depot from $425.00 to $432.00 and gave the stock a "buy" rating in a research note on Monday, August 18th. Finally, Gordon Haskett lifted their price objective on shares of Home Depot from $350.00 to $360.00 in a report on Tuesday, May 20th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $432.52.

Home Depot Stock Down 0.1%

Shares of NYSE HD traded down $0.52 during mid-day trading on Thursday, hitting $407.72. The company had a trading volume of 4,048,238 shares, compared to its average volume of 3,553,738. The company has a market capitalization of $405.65 billion, a PE ratio of 27.70, a price-to-earnings-growth ratio of 3.86 and a beta of 1.00. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $439.37. The firm has a 50-day simple moving average of $378.04 and a two-hundred day simple moving average of $371.50. 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 issued its earnings results 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). Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The firm had revenue of $45.28 billion during the quarter, compared to the consensus estimate of $45.43 billion. During the same period in the previous year, the company posted $4.60 earnings per share. The firm'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. On average, equities analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be paid a $2.30 dividend. This represents a $9.20 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Thursday, September 4th. 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.