The Home Depot, Inc. $HD Position Increased by Cardano Risk Management B.V.

Key Points

• Cardano Risk Management B.V. increased its position in The Home Depot by 3.0%, holding 320,913 shares valued at approximately $117.66 million.
• Insider activity showed that executives sold a total of 4,369 shares on August 20, indicating decreasing ownership stakes; $19.62 million worth of shares were sold by insiders last quarter.
• Analysts raised their price targets for Home Depot, with estimates ranging from $420 to $450 following a quarterly earnings report that missed estimates by $0.01 per share.

Cardano Risk Management B.V. increased its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 3.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 320,913 shares of the home improvement retailer's stock after acquiring an additional 9,366 shares during the period. Home Depot comprises approximately 1.5% of Cardano Risk Management B.V.'s portfolio, making the stock its 19th biggest holding. Cardano Risk Management B.V.'s holdings in Home Depot were worth $117,660,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Tower View Wealth Management LLC raised its holdings in Home Depot by 4.3% during the second quarter. Tower View Wealth Management LLC now owns 16,196 shares of the home improvement retailer's stock valued at $5,938,000 after buying an additional 671 shares in the last quarter. Ransom Advisory Ltd bought a new position in Home Depot during the first quarter valued at about $3,851,000. Shell Asset Management Co. raised its holdings in Home Depot by 45.2% during the second quarter. Shell Asset Management Co. now owns 48,175 shares of the home improvement retailer's stock valued at $17,663,000 after buying an additional 15,002 shares in the last quarter. Financial Gravity Asset Management Inc. bought a new position in Home Depot during the first quarter valued at about $406,000. Finally, Arbor Capital Management Inc. ADV raised its holdings in Home Depot by 4.8% during the first quarter. Arbor Capital Management Inc. ADV now owns 4,784 shares of the home improvement retailer's stock valued at $1,757,000 after buying an additional 221 shares in the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Angie Brown sold 1,000 shares of Home Depot stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 3,837 shares in the company, valued at approximately $1,550,416.59. The trade was a 20.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Richard V. Mcphail sold 3,369 shares of Home Depot stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $403.66, for a total transaction of $1,359,930.54. Following the completion of the transaction, the chief financial officer owned 45,455 shares of the company's stock, valued at $18,348,365.30. This trade represents a 6.90% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 48,835 shares of company stock valued at $19,623,432. 0.10% of the stock is owned by company insiders.

Home Depot Stock Down 1.6%

Shares of HD opened at $377.66 on Friday. The stock has a market cap of $375.92 billion, a price-to-earnings ratio of 25.66, a P/E/G ratio of 3.64 and a beta of 1.00. The company has a quick ratio of 0.34, a current ratio of 1.15 and a debt-to-equity ratio of 4.31. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37. The company has a 50-day moving average price of $403.50 and a two-hundred day moving average price of $376.99.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings results 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 business had revenue of $45.28 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Equities analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were paid a dividend of $2.30 per share. The ex-dividend date was Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a yield of 2.4%. Home Depot's dividend payout ratio (DPR) is currently 62.50%.

Analysts Set New Price Targets

Several equities analysts have weighed in on HD shares. Wells Fargo & Company raised their target price on Home Depot from $420.00 to $450.00 and gave the company an "overweight" rating in a report on Wednesday, August 20th. Stifel Nicolaus raised their price target on Home Depot from $425.00 to $432.00 and gave the company a "buy" rating in a research report on Monday, August 18th. DA Davidson reaffirmed a "buy" rating and issued a $450.00 price target on shares of Home Depot in a research report on Tuesday, August 19th. Robert W. Baird raised their price target on Home Depot from $425.00 to $450.00 and gave the company an "outperform" rating in a research report on Wednesday, August 20th. Finally, Oppenheimer raised their price target on Home Depot from $400.00 to $420.00 and gave the company a "market perform" rating in a research report on Thursday, September 25th. One research 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 company. According to MarketBeat, Home Depot currently has a consensus rating of "Moderate Buy" and a consensus price target of $435.42.

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.

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