Strategies Wealth Advisors LLC Takes Position in The Home Depot, Inc. $HD

Key Points

• Strategies Wealth Advisors LLC acquired a new position in The Home Depot, purchasing 1,439 shares valued at approximately $528,000 in the first quarter.
• The Home Depot reported Q2 earnings with earnings per share of $4.68, slightly missing the consensus estimate of $4.69, while revenue increased 4.9% year-over-year.
• Several analysts have boosted their price targets for Home Depot, with Morgan Stanley increasing it from $415.00 to $430.00 and Telsey Advisory Group setting a price objective of $455.00.

Strategies Wealth Advisors LLC purchased a new position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,439 shares of the home improvement retailer's stock, valued at approximately $528,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Financial Gravity Asset Management Inc. acquired a new stake in Home Depot during the 1st quarter valued at $406,000. Wealth Management Partners LLC increased its position in shares of Home Depot by 0.6% in the first quarter. Wealth Management Partners LLC now owns 6,506 shares of the home improvement retailer's stock worth $2,384,000 after acquiring an additional 36 shares in the last quarter. Arbor Capital Management Inc. ADV boosted its position in shares of Home Depot by 4.8% in the first quarter. Arbor Capital Management Inc. ADV now owns 4,784 shares of the home improvement retailer's stock worth $1,757,000 after buying an additional 221 shares during the period. ARS Wealth Advisors Group LLC lifted its position in shares of Home Depot by 0.8% during the first quarter. ARS Wealth Advisors Group LLC now owns 31,728 shares of the home improvement retailer's stock worth $11,628,000 after purchasing an additional 239 shares in the last quarter. Finally, Tabor Asset Management LP purchased a new stake in Home Depot during the 1st quarter worth approximately $5,886,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Insider Buying and Selling at Home Depot

In related news, EVP Teresa Wynn Roseborough sold 5,483 shares of Home Depot 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 sale, the executive vice president directly owned 16,057 shares in the company, valued at $6,635,234.11. This trade represents a 25.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Angie Brown sold 1,000 shares of the company's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total transaction of $404,070.00. Following the transaction, the executive vice president owned 3,837 shares in the company, valued at $1,550,416.59. This represents a 20.67% decrease in their position. The disclosure for this sale can be found here. Insiders sold 46,532 shares of company stock worth $18,648,987 over the last quarter. 0.10% of the stock is currently owned by company insiders.

Home Depot Price Performance

Shares of NYSE HD traded up $0.34 during mid-day trading on Wednesday, hitting $407.88. 1,090,037 shares of the stock were exchanged, compared to its average volume of 3,542,679. The stock's fifty day simple moving average is $376.81 and its two-hundred day simple moving average is $371.24. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15. The company has a market cap of $405.81 billion, a P/E ratio of 27.75, a PEG ratio of 3.88 and a beta of 1.00. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings data 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). The company 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 company's revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be issued a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Thursday, September 4th. Home Depot's dividend payout ratio is 62.50%.

Analyst Ratings Changes

Several equities research analysts have weighed in on HD shares. DA Davidson reaffirmed a "buy" rating and issued a $450.00 target price on shares of Home Depot in a research report on Tuesday, August 19th. Royal Bank Of Canada dropped their price target on Home Depot from $424.00 to $399.00 and set a "sector perform" rating on the stock in a report on Thursday, May 15th. Guggenheim reiterated a "buy" rating and issued a $450.00 target price on shares of Home Depot in a report on Wednesday, May 21st. TD Securities cut shares of Home Depot to a "buy" rating in a report on Monday, June 2nd. Finally, JPMorgan Chase & Co. dropped their target price on Home Depot from $460.00 to $452.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 20th. One investment 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 stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $432.52.

About Home Depot

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.