CWS Financial Advisors LLC Has $1.62 Million Position in The Home Depot, Inc. $HD

Key Points

• CWS Financial Advisors LLC increased its holdings in Home Depot by 70.5%, owning 4,416 shares valued at approximately $1.6 million, making it the firm's 29th largest position.
• Home Depot's stock price has seen various adjustments from analysts, with a consensus rating of "Moderate Buy" and a target price of $427.76.
• The company reported a quarterly earnings miss with EPS of $3.56, slightly below the consensus estimate, while its quarterly revenue increased by 9.4% compared to the previous year.

CWS Financial Advisors LLC increased its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 70.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,416 shares of the home improvement retailer's stock after acquiring an additional 1,826 shares during the quarter. Home Depot makes up about 0.5% of CWS Financial Advisors LLC's portfolio, making the stock its 29th biggest holding. CWS Financial Advisors LLC's holdings in Home Depot were worth $1,618,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HD. Navigoe LLC purchased a new stake in Home Depot in the fourth quarter valued at approximately $29,000. Abound Financial LLC acquired a new stake in shares of Home Depot in the first quarter valued at approximately $31,000. Quarry LP increased its stake in Home Depot by 220.0% in the 4th quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock valued at $37,000 after buying an additional 66 shares during the period. Iron Horse Wealth Management LLC raised its stake in shares of Home Depot by 86.8% during 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 in the last quarter. Finally, Quest 10 Wealth Builders Inc. raised its holdings in Home Depot by 35.7% during the first quarter. Quest 10 Wealth Builders Inc. now owns 114 shares of the home improvement retailer's stock worth $42,000 after purchasing an additional 30 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company's stock.

Home Depot Stock Up 3.8%

Shares of HD traded up $15.2960 during trading hours on Friday, reaching $412.9960. The company's stock had a trading volume of 5,283,627 shares, compared to its average volume of 3,560,177. The company has a quick ratio of 0.28, a current ratio of 1.15 and a debt-to-equity ratio of 4.31. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37. The company has a 50 day moving average of $373.34 and a two-hundred day moving average of $371.56. The firm has a market cap of $410.90 billion, a price-to-earnings ratio of 28.06, a P/E/G ratio of 3.81 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.69 by ($0.01). The firm had revenue of $45.28 billion for the quarter, compared to analysts' expectations of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.Home Depot's revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, research analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

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

Insider Transactions at Home Depot

In related news, CEO Edward P. Decker sold 32,897 shares of the firm's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $397.22, for a total value of $13,067,346.34. Following the completion of the transaction, the chief executive officer directly owned 122,425 shares of the company's stock, valued at $48,629,658.50. This trade represents a 21.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 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. Insiders sold 42,672 shares of company stock valued at $16,827,675 in the last ninety days. 0.10% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Morgan Stanley increased their price target on Home Depot from $415.00 to $430.00 and gave the stock an "overweight" rating in a research note on Wednesday. Wells Fargo & Company lifted their target price on Home Depot from $420.00 to $450.00 and gave the stock an "overweight" rating in a research report on Wednesday. JPMorgan Chase & Co. dropped their target price on shares of Home Depot from $460.00 to $452.00 and set an "overweight" rating for the company in a research report on Wednesday. Mizuho upped their price target on Home Depot from $435.00 to $450.00 and gave the company an "outperform" rating in a research report on Wednesday. Finally, Guggenheim reissued a "buy" rating and set a $450.00 price target on shares of Home Depot in a report on Wednesday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Home Depot presently has an average rating of "Moderate Buy" and an average target price 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.