3,914 Shares in The Home Depot, Inc. $HD Purchased by Teewinot Capital Advisers L.L.C.

Key Points

• Teewinot Capital Advisers L.L.C. has acquired a new stake in The Home Depot, purchasing 3,914 shares valued at approximately $1.4 million during the first quarter.
• Home Depot's recent earnings report showed a miss on EPS expectations, reporting $4.68 against a consensus of $4.69, while revenue increased by 4.9% year-over-year.
• The company announced a quarterly dividend of $2.30 per share, representing an annualized yield of 2.2%, with a dividend payout ratio of 62.5%.

Teewinot Capital Advisers L.L.C. acquired a new stake in The Home Depot, Inc. (NYSE:HD - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 3,914 shares of the home improvement retailer's stock, valued at approximately $1,434,000.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Home Depot by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 96,484,199 shares of the home improvement retailer's stock worth $35,360,494,000 after buying an additional 720,447 shares during the period. Asset Planning Services Inc. LA ADV raised its stake in Home Depot by 99,400.7% during the 1st quarter. Asset Planning Services Inc. LA ADV now owns 18,975,772 shares of the home improvement retailer's stock worth $6,954,431,000 after buying an additional 18,956,701 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Home Depot by 6.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 14,415,278 shares of the home improvement retailer's stock worth $5,282,398,000 after buying an additional 891,326 shares during the period. GAMMA Investing LLC raised its stake 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 buying an additional 10,210,851 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its stake in Home Depot by 19.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,253,292 shares of the home improvement retailer's stock worth $3,391,240,000 after buying an additional 1,494,261 shares during the period. Institutional investors and hedge funds own 70.86% of the company's stock.

Analyst Upgrades and Downgrades

HD has been the subject of a number of research reports. Mizuho increased their target price on Home Depot from $435.00 to $450.00 and gave the stock an "outperform" rating in a report on Wednesday, August 20th. Guggenheim reiterated a "buy" rating and set a $450.00 target price on shares of Home Depot in a report on Wednesday, May 21st. Sanford C. Bernstein reiterated a "market perform" rating and set a $398.00 target price (up previously from $380.00) on shares of Home Depot in a report on Wednesday, May 21st. Stifel Nicolaus increased their target price on Home Depot from $425.00 to $432.00 and gave the stock a "buy" rating in a report on Monday, August 18th. Finally, Telsey Advisory Group reiterated an "outperform" rating and set a $455.00 target price on shares of Home Depot in a report on Tuesday, August 19th. One research 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $432.52.

Home Depot Stock Performance

HD stock traded down $1.16 during mid-day trading on Friday, hitting $422.26. 2,176,952 shares of the company were exchanged, compared to its average volume of 3,556,135. The business has a 50 day simple moving average of $388.99 and a 200-day simple moving average of $372.26. The company has a current ratio of 1.15, a quick ratio of 0.34 and a debt-to-equity ratio of 4.31. The stock has a market capitalization of $420.31 billion, a PE ratio of 28.70, a price-to-earnings-growth ratio of 3.92 and a beta of 1.00. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37.

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 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 business had revenue of $45.28 billion during the quarter, compared to analyst estimates of $45.43 billion. During the same quarter in the previous year, the firm posted $4.60 earnings per share. The firm's quarterly 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. On average, equities analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be paid a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, September 4th. Home Depot's payout ratio is presently 62.50%.

Insider Activity

In other Home Depot news, CEO Edward P. Decker sold 32,897 shares of the business's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $397.22, for a total transaction of $13,067,346.34. Following the sale, the chief executive officer owned 122,425 shares of the company's stock, valued at approximately $48,629,658.50. The trade was a 21.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Richard V. Mcphail sold 3,369 shares of the business's stock in a transaction on 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 sale, the chief financial officer directly 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. In the last quarter, insiders have sold 46,532 shares of company stock valued at $18,648,987. 0.10% of the stock is currently owned by insiders.

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.