The Home Depot, Inc. $HD Shares Acquired by Xcel Wealth Management LLC

Key Points

• Xcel Wealth Management LLC increased its holdings in Home Depot by 5.2% during the second quarter, acquiring an additional 1,635 shares, which now makes up about 3.4% of its portfolio.
• Home Depot reported $4.68 earnings per share for the last quarter, slightly missing analysts' expectations, with the company achieving a 4.9% revenue increase compared to the same period last year.
• The firm has recently announced a quarterly dividend of $2.30 per share, translating to a 2.2% yield, with a payout ratio of 62.50%.

Xcel Wealth Management LLC increased its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 5.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 33,055 shares of the home improvement retailer's stock after acquiring an additional 1,635 shares during the period. Home Depot makes up about 3.4% of Xcel Wealth Management LLC's portfolio, making the stock its 6th largest holding. Xcel Wealth Management LLC's holdings in Home Depot were worth $12,119,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Spectrum Planning & Advisory Services Inc. acquired a new position in Home Depot in the 2nd quarter worth about $486,000. Affinity Wealth Management LLC increased its position in shares of Home Depot by 1.2% in the second quarter. Affinity Wealth Management LLC now owns 18,812 shares of the home improvement retailer's stock valued at $6,897,000 after buying an additional 224 shares in the last quarter. North Star Investment Management Corp. increased its position in shares of Home Depot by 0.9% in the second quarter. North Star Investment Management Corp. now owns 10,692 shares of the home improvement retailer's stock valued at $3,920,000 after buying an additional 93 shares in the last quarter. Harrell Investment Partners LLC raised its stake in shares of Home Depot by 3.5% during the 2nd quarter. Harrell Investment Partners LLC now owns 21,541 shares of the home improvement retailer's stock worth $7,898,000 after buying an additional 738 shares during the period. Finally, Cassia Capital Partners LLC lifted its position in shares of Home Depot by 9.5% during the 2nd quarter. Cassia Capital Partners LLC now owns 3,012 shares of the home improvement retailer's stock valued at $1,104,000 after buying an additional 261 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company's stock.

Home Depot Stock Performance

HD opened at $409.77 on Thursday. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37. The firm has a market capitalization of $407.88 billion, a PE ratio of 27.84, a PEG ratio of 3.90 and a beta of 1.00. The company has a current ratio of 1.15, a quick ratio of 0.34 and a debt-to-equity ratio of 4.31. The firm's 50-day moving average price is $397.87 and its 200 day moving average price is $374.09.

Home Depot (NYSE:HD - Get Free Report) last released its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share 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 analysts' expectations of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The company's revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period last year, the business earned $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, sell-side analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently disclosed 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 of this dividend was Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a yield of 2.2%. Home Depot's payout ratio is 62.50%.

Analysts Set New Price Targets

HD has been the subject of several recent analyst reports. DA Davidson reissued a "buy" rating and issued a $450.00 price target on shares of Home Depot in a report on Tuesday, August 19th. Morgan Stanley lifted their target price on shares of Home Depot from $415.00 to $430.00 and gave the company an "overweight" rating in a research report on Wednesday, August 20th. 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 research note on Monday, August 18th. Mizuho raised their price target on shares of Home Depot from $435.00 to $450.00 and gave the company an "outperform" rating in a research note on Wednesday, August 20th. Finally, Wells Fargo & Company boosted their price objective on Home Depot from $420.00 to $450.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $437.08.

Insider Buying and Selling

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,483 shares of the firm's stock in a transaction on Friday, August 22nd. The stock was 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. This trade represents a 25.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Richard V. Mcphail sold 3,369 shares of Home Depot stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $403.66, for a total value of $1,359,930.54. Following the transaction, the chief financial officer owned 45,455 shares in the company, valued at approximately $18,348,365.30. This represents a 6.90% decrease in their position. The disclosure for this sale can be found here. Insiders sold 48,835 shares of company stock worth $19,623,432 over the last quarter. Corporate 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.

Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Home Depot, Inc. (NYSE:HD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.