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Stephens Inc. AR Has $22.99 Million Holdings in The Home Depot, Inc. $HD

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Key Points

  • Stephens Inc. AR increased its stake in The Home Depot by 1.2%, holding approximately $22.99 million worth of shares after acquiring an additional 741 shares during the second quarter.
  • The company recently reported $4.68 earnings per share, slightly missing analyst expectations, and has set FY 2025 guidance at 14.940 EPS.
  • Home Depot declared a quarterly dividend of $2.30 per share, resulting in an annualized yield of 2.3%, with a payout ratio of 62.50%.
  • MarketBeat previews the top five stocks to own by November 1st.

Stephens Inc. AR grew its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 1.2% in the second quarter, according to its most recent filing with the SEC. The fund owned 62,713 shares of the home improvement retailer's stock after acquiring an additional 741 shares during the period. Stephens Inc. AR's holdings in Home Depot were worth $22,993,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Mainstay Capital Management LLC ADV bought a new position in Home Depot in the 2nd quarter valued at approximately $263,000. WealthPlan Investment Management LLC acquired a new position in Home Depot in the 2nd quarter valued at approximately $1,149,000. Tower View Wealth Management LLC increased its position in Home Depot by 4.3% in the 2nd quarter. Tower View Wealth Management LLC now owns 16,196 shares of the home improvement retailer's stock valued at $5,938,000 after acquiring an additional 671 shares during the period. Ransom Advisory Ltd bought a new position in shares of Home Depot during the first quarter valued at $3,851,000. Finally, Shell Asset Management Co. lifted its holdings in shares of Home Depot by 45.2% during the second quarter. Shell Asset Management Co. now owns 48,175 shares of the home improvement retailer's stock worth $17,663,000 after purchasing an additional 15,002 shares during the period. Institutional investors and hedge funds own 70.86% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on HD. Wolfe Research began coverage on Home Depot in a report on Thursday, September 18th. They issued an "outperform" rating and a $497.00 price objective for the company. Weiss Ratings reiterated a "buy (b)" rating on shares of Home Depot in a research report on Wednesday, October 8th. Robert W. Baird raised their price objective on Home Depot from $425.00 to $450.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 20th. JPMorgan Chase & Co. cut their price objective on Home Depot from $460.00 to $452.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 20th. Finally, Truist Financial upped their target price on Home Depot from $417.00 to $433.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $435.42.

Check Out Our Latest Report on Home Depot

Home Depot Price Performance

Shares of NYSE:HD opened at $391.79 on Monday. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37. The company has a 50-day moving average price of $403.70 and a two-hundred day moving average price of $378.12. The company has a quick ratio of 0.34, a current ratio of 1.15 and a debt-to-equity ratio of 4.31. The firm has a market capitalization of $389.98 billion, a PE ratio of 26.62, a P/E/G ratio of 3.72 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly 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 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 EPS. 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 analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Investors 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 2.3%. The ex-dividend date was Thursday, September 4th. Home Depot's dividend payout ratio is currently 62.50%.

Insider Activity at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,483 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $413.23, for a total transaction of $2,265,740.09. Following the completion of the transaction, the executive vice president owned 16,057 shares of the company's stock, valued at approximately $6,635,234.11. This trade represents a 25.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Richard V. Mcphail sold 3,369 shares of the company's stock in a transaction dated Wednesday, August 20th. The stock was 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 owned 45,455 shares in the company, valued at approximately $18,348,365.30. The trade was a 6.90% decrease in their position. 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 in the last quarter. 0.10% of the stock is currently owned by company insiders.

Home Depot Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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