The Home Depot, Inc. $HD Shares Acquired by Sonora Investment Management Group LLC

Key Points

• Sonora Investment Management Group LLC increased its stake in The Home Depot by 1.7%, owning 55,112 shares worth approximately $20.2 million.
• Home Depot reported a slight earnings miss with an EPS of **$4.68** against consensus estimates of **$4.69**, and its quarterly revenue was **$45.28 billion**.
• The company declared a quarterly dividend of **$2.30 per share**, reflecting an annualized dividend of **$9.20** and a yield of **2.2%**.

Sonora Investment Management Group LLC lifted its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 1.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 55,112 shares of the home improvement retailer's stock after acquiring an additional 904 shares during the quarter. Home Depot accounts for 1.5% of Sonora Investment Management Group LLC's investment portfolio, making the stock its 19th largest position. Sonora Investment Management Group LLC's holdings in Home Depot were worth $20,206,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Asset Planning Services Inc. LA ADV boosted its holdings 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 valued at $6,954,431,000 after acquiring an additional 18,956,701 shares during the period. Nuveen LLC acquired a new stake in Home Depot during the 1st quarter worth approximately $2,076,592,000. Price T Rowe Associates Inc. MD lifted its holdings 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 in the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in shares of Home Depot in the second quarter worth $418,486,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Home Depot by 6.6% during the first 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 acquiring an additional 891,326 shares during the period. Hedge funds and other institutional investors own 70.86% of the company's stock.

Analyst Upgrades and Downgrades

HD has been the subject of several recent research reports. DA Davidson reiterated a "buy" rating and issued a $450.00 price objective on shares of Home Depot in a research note on Tuesday, August 19th. Robert W. Baird lifted their price target on Home Depot from $425.00 to $450.00 and gave the stock an "outperform" rating in a report on Wednesday, August 20th. Morgan Stanley upped their price objective on Home Depot from $415.00 to $430.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 20th. Truist Financial raised their target price on Home Depot from $417.00 to $433.00 and gave the stock a "buy" rating in a research report on Wednesday, August 13th. Finally, Wolfe Research initiated coverage on shares of Home Depot in a research note on Thursday, September 18th. They issued an "outperform" rating and a $497.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $436.40.

Home Depot Price Performance

Shares of NYSE HD opened at $410.16 on Friday. The stock has a market cap of $408.27 billion, a P/E ratio of 27.86, a P/E/G ratio of 3.89 and a beta of 1.00. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37. The stock has a 50 day moving average of $399.85 and a two-hundred day moving average of $374.68. The company has a current ratio of 1.15, a quick ratio of 0.34 and a debt-to-equity ratio of 4.31.

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

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were issued a dividend of $2.30 per share. The ex-dividend date of this dividend was 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 (DPR) is currently 62.50%.

Insider Activity at Home Depot

In related news, CEO Edward P. Decker sold 32,897 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $397.22, for a total transaction of $13,067,346.34. Following the completion of the sale, 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 link. Also, EVP William D. Bastek sold 2,303 shares of the stock in a transaction on Friday, September 12th. The stock was sold at an average price of $423.12, for a total value of $974,445.36. Following the sale, the executive vice president directly owned 24,235 shares of the company's stock, valued at approximately $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. Insiders sold 48,835 shares of company stock worth $19,623,432 in the last ninety days. Company insiders own 0.10% of the company's stock.

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.

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