The Home Depot, Inc. $HD Shares Acquired by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. has increased its stake in The Home Depot by 5.5%, acquiring a total of 176,161 shares, valued at approximately $64.56 million.
• Home Depot reported quarterly earnings of $4.68 per share, slightly missing analyst expectations and achieving $45.28 billion in revenue, up 4.9% year-over-year.
• The company announced a quarterly dividend of $2.30 per share, which translates to an annualized dividend of $9.20 and a yield of 2.2%.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 5.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 176,161 shares of the home improvement retailer's stock after buying an additional 9,157 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Home Depot were worth $64,561,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Invst LLC increased its holdings in Home Depot by 0.4% in the fourth quarter. Invst LLC now owns 6,738 shares of the home improvement retailer's stock valued at $2,621,000 after buying an additional 28 shares in the last quarter. Financial Insights Inc. increased its holdings in Home Depot by 3.3% in the first quarter. Financial Insights Inc. now owns 880 shares of the home improvement retailer's stock valued at $323,000 after buying an additional 28 shares in the last quarter. Wayfinding Financial LLC increased its holdings in Home Depot by 1.2% in the first quarter. Wayfinding Financial LLC now owns 2,353 shares of the home improvement retailer's stock valued at $862,000 after buying an additional 28 shares in the last quarter. Pure Portfolios Holdings LLC increased its holdings in Home Depot by 4.7% in the first quarter. Pure Portfolios Holdings LLC now owns 623 shares of the home improvement retailer's stock valued at $228,000 after buying an additional 28 shares in the last quarter. Finally, First Interstate Bank increased its holdings in Home Depot by 0.3% in the first quarter. First Interstate Bank now owns 9,020 shares of the home improvement retailer's stock valued at $3,306,000 after buying an additional 28 shares in the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Trading Up 0.3%

NYSE HD traded up $1.25 during mid-day trading on Monday, reaching $420.20. 3,740,170 shares of the stock were exchanged, compared to its average volume of 3,709,986. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37. The business's fifty day simple moving average is $386.27 and its 200 day simple moving average is $371.38. The stock has a market capitalization of $418.26 billion, a PE ratio of 28.55, a PEG ratio of 3.97 and a beta of 1.00. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15.

Home Depot (NYSE:HD - Get Free Report) last announced 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). The firm had revenue of $45.28 billion for the quarter, compared to analyst estimates of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The firm's revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the business posted $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, research analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have issued reports on HD shares. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $455.00 target price on shares of Home Depot in a report on Tuesday, August 19th. Sanford C. Bernstein reissued a "market perform" rating and set a $398.00 price objective (up from $380.00) on shares of Home Depot in a research note on Wednesday, May 21st. DA Davidson reissued a "buy" rating and set a $450.00 price objective on shares of Home Depot in a research note on Tuesday, August 19th. JPMorgan Chase & Co. dropped their price objective on shares of Home Depot from $460.00 to $452.00 and set an "overweight" rating for the company in a research note on Wednesday, August 20th. Finally, 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, August 20th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $432.52.

Insider Buying and Selling

In other Home Depot news, EVP Angie Brown sold 1,000 shares of Home Depot stock in a transaction 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 transaction, the executive vice president owned 3,837 shares in the company, valued at $1,550,416.59. This trade represents a 20.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP William D. Bastek sold 3,783 shares of Home Depot stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $410.23, for a total transaction of $1,551,900.09. Following the completion of the transaction, the executive vice president owned 24,235 shares in the company, valued at approximately $9,941,924.05. This trade represents a 13.50% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 46,532 shares of company stock worth $18,648,987 over the last 90 days. Company insiders own 0.10% of the company's stock.

Home Depot 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.