The Home Depot, Inc. $HD Stock Holdings Increased by Steward Partners Investment Advisory LLC

Key Points

• Steward Partners Investment Advisory LLC increased its holdings in Home Depot by 23.3%, acquiring an additional 46,690 shares, bringing its total ownership to 247,415 shares valued at $90.7 million.
• Home Depot reported earnings of $3.56 per share, falling short of analysts' expectations of $3.59, but the company's revenue for the quarter was above forecasts at $39.86 billion.
• Home Depot announced a quarterly dividend of $2.30 per share, resulting in an annualized dividend yield of 2.3% with a payout ratio of 62.42%.

Steward Partners Investment Advisory LLC raised its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 23.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 247,415 shares of the home improvement retailer's stock after purchasing an additional 46,690 shares during the quarter. Home Depot accounts for about 0.8% of Steward Partners Investment Advisory LLC's portfolio, making the stock its 17th biggest position. Steward Partners Investment Advisory LLC's holdings in Home Depot were worth $90,675,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of HD. Navigoe LLC bought a new position in shares of Home Depot in the fourth quarter worth $29,000. Abound Financial LLC purchased a new position in shares of Home Depot in the first quarter worth about $31,000. Quarry LP lifted its holdings in Home Depot by 220.0% in the 4th quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock worth $37,000 after buying an additional 66 shares during the period. Iron Horse Wealth Management LLC grew its position in shares of Home Depot by 86.8% in 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. Finally, Quest 10 Wealth Builders Inc. grew its holdings in shares of Home Depot by 35.7% during the 1st quarter. Quest 10 Wealth Builders Inc. now owns 114 shares of the home improvement retailer's stock worth $42,000 after acquiring an additional 30 shares during the period. 70.86% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. lowered their price objective on Home Depot from $460.00 to $452.00 and set an "overweight" rating on the stock in a research report on Wednesday. Morgan Stanley increased their price objective on shares of Home Depot from $415.00 to $430.00 and gave the company an "overweight" rating in a report on Wednesday. Mizuho raised their price objective on shares of Home Depot from $435.00 to $450.00 and gave the stock an "outperform" rating in a research note on Wednesday. Sanford C. Bernstein reaffirmed a "market perform" rating and set a $398.00 target price (up from $380.00) on shares of Home Depot in a research report on Wednesday, May 21st. Finally, TD Securities lowered shares of Home Depot to a "buy" rating in a report on Monday, June 2nd. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $432.52.

Insiders Place Their Bets

In related news, EVP Teresa Wynn Roseborough sold 5,406 shares of the firm's stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $369.28, for a total transaction of $1,996,327.68. Following the completion of the sale, the executive vice president directly owned 17,367 shares of the company's stock, valued at approximately $6,413,285.76. This trade represents a 23.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.10% of the company's stock.

Home Depot Stock Down 1.1%

HD traded down $4.29 during trading hours on Thursday, hitting $397.45. 2,922,133 shares of the company's stock were exchanged, compared to its average volume of 3,549,203. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $439.37. The firm has a 50 day moving average of $372.65 and a 200 day moving average of $371.64. The firm has a market cap of $395.43 billion, a P/E ratio of 27.00, a price-to-earnings-growth ratio of 3.87 and a beta of 1.00. The company has a current ratio of 1.15, a quick ratio of 0.28 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 for the quarter, missing the consensus estimate 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 analysts' expectations of $45.43 billion. During the same period in the previous year, the firm earned $4.60 EPS. The firm's 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. Analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

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.