The Home Depot, Inc. $HD Position Raised by Investment Advisory Services Inc. TX ADV

Key Points

• Investment Advisory Services Inc. increased its position in The Home Depot by 6.2%, owning 12,983 shares, valued at approximately $4.76 million.
• Home Depot reported $4.68 EPS for the latest quarter, missing analyst estimates by $0.01, with revenues of $45.28 billion compared to expectations of $45.43 billion.
• The company announced a quarterly dividend of $2.30 per share, representing a 2.2% yield and a payout ratio of 62.50%.

Investment Advisory Services Inc. TX ADV increased its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 6.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,983 shares of the home improvement retailer's stock after purchasing an additional 759 shares during the period. Home Depot accounts for about 1.6% of Investment Advisory Services Inc. TX ADV's investment portfolio, making the stock its 15th largest holding. Investment Advisory Services Inc. TX ADV's holdings in Home Depot were worth $4,760,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Independence Bank of Kentucky raised its holdings in Home Depot by 2.1% during the second quarter. Independence Bank of Kentucky now owns 18,265 shares of the home improvement retailer's stock worth $6,697,000 after purchasing an additional 372 shares in the last quarter. Moody Lynn & Lieberson LLC raised its holdings in Home Depot by 1.8% during the second quarter. Moody Lynn & Lieberson LLC now owns 68,339 shares of the home improvement retailer's stock worth $25,056,000 after purchasing an additional 1,182 shares in the last quarter. Lazari Capital Management Inc. raised its holdings in Home Depot by 12.3% during the second quarter. Lazari Capital Management Inc. now owns 1,915 shares of the home improvement retailer's stock worth $702,000 after purchasing an additional 210 shares in the last quarter. Smith Salley Wealth Management raised its holdings in Home Depot by 5.6% during the second quarter. Smith Salley Wealth Management now owns 19,783 shares of the home improvement retailer's stock worth $7,253,000 after purchasing an additional 1,053 shares in the last quarter. Finally, City Holding Co. raised its holdings in shares of Home Depot by 1.1% in the 2nd quarter. City Holding Co. now owns 20,891 shares of the home improvement retailer's stock worth $7,659,000 after purchasing an additional 221 shares in the last quarter. Institutional investors own 70.86% of the company's stock.

Home Depot Stock Performance

Home Depot stock opened at $410.16 on Monday. The firm's 50 day simple moving average is $399.85 and its 200-day simple moving average is $374.87. The company has a market cap of $408.27 billion, a P/E ratio of 27.86, a price-to-earnings-growth ratio of 3.89 and a beta of 1.00. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.34. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $439.37.

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

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were given a $2.30 dividend. This represents a $9.20 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Thursday, September 4th. Home Depot's payout ratio is currently 62.50%.

Wall Street Analysts Forecast Growth

HD has been the topic of a number of research reports. DA Davidson reiterated a "buy" rating and issued a $450.00 target price on shares of Home Depot in a report on Tuesday, August 19th. Morgan Stanley boosted their target price on shares of Home Depot from $415.00 to $430.00 and gave the stock an "overweight" rating in a report on Wednesday, August 20th. Wolfe Research initiated coverage on shares of Home Depot in a report on Thursday, September 18th. They issued an "outperform" rating and a $497.00 target price on the stock. Mizuho boosted their target price on shares of Home Depot from $435.00 to $450.00 and gave the stock an "outperform" rating in a report on Wednesday, August 20th. Finally, Stifel Nicolaus boosted their target price on shares of Home Depot from $425.00 to $432.00 and gave the stock a "buy" rating in a report on Monday, August 18th. One 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. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $436.40.

Insider Buying and Selling

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,483 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $413.23, for a total value of $2,265,740.09. Following the completion of the sale, the executive vice president directly owned 16,057 shares of the company's stock, valued at $6,635,234.11. The trade was a 25.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP William D. Bastek sold 2,303 shares of the business's stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $423.12, for a total transaction of $974,445.36. Following the completion of the sale, the executive vice president directly owned 24,235 shares of the company's stock, valued at $10,254,313.20. This represents a 8.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 48,835 shares of company stock valued at $19,623,432. 0.10% of the stock is owned by company insiders.

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.

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