Jacobs & Co. CA Purchases 1,044 Shares of The Home Depot, Inc. $HD

Key Points

• Jacobs & Co. CA increased its stake in The Home Depot by 2.4%, now holding 45,220 shares valued at approximately $16.58 million, making it the firm's 11th largest investment.
• Several analysts have raised their price targets for Home Depot, with the average target now at $432.52, reflecting a consensus rating of "Moderate Buy".
• In recent insider activity, EVP William D. Bastek and CEO Edward P. Decker sold significant shares, contributing to a total of 46,532 shares sold by insiders valued at $18.65 million in the last three months.

Jacobs & Co. CA lifted its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 2.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 45,220 shares of the home improvement retailer's stock after buying an additional 1,044 shares during the period. Home Depot comprises 1.6% of Jacobs & Co. CA's portfolio, making the stock its 11th largest holding. Jacobs & Co. CA's holdings in Home Depot were worth $16,579,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC lifted its position in Home Depot by 36.5% during the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer's stock valued at $10,471,000 after purchasing an additional 7,203 shares during the period. Bank Pictet & Cie Europe AG lifted its position in Home Depot by 4.9% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 12,204 shares of the home improvement retailer's stock valued at $4,747,000 after purchasing an additional 565 shares during the period. Quadcap Wealth Management LLC lifted its position in Home Depot by 7.4% during the fourth quarter. Quadcap Wealth Management LLC now owns 2,191 shares of the home improvement retailer's stock valued at $852,000 after purchasing an additional 151 shares during the period. ProShare Advisors LLC lifted its position in Home Depot by 29.3% during the fourth quarter. ProShare Advisors LLC now owns 294,223 shares of the home improvement retailer's stock valued at $114,450,000 after purchasing an additional 66,714 shares during the period. Finally, Redwood Investment Management LLC lifted its position in Home Depot by 28.2% during the fourth quarter. Redwood Investment Management LLC now owns 2,467 shares of the home improvement retailer's stock valued at $960,000 after purchasing an additional 543 shares during the period. Institutional investors own 70.86% of the company's stock.

Insider Activity at Home Depot

In related news, EVP Angie Brown sold 1,000 shares of the firm's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total transaction of $404,070.00. Following the completion of the transaction, the executive vice president directly owned 3,837 shares of the company's stock, valued at approximately $1,550,416.59. This trade represents 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, EVP William D. Bastek sold 3,783 shares of the firm's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $410.23, for a total transaction of $1,551,900.09. Following the transaction, the executive vice president directly owned 24,235 shares of the company's stock, valued at $9,941,924.05. The trade was a 13.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 48,835 shares of company stock valued at $19,623,432 in the last ninety days. Corporate insiders own 0.10% of the company's stock.

Home Depot Price Performance

Shares of NYSE HD traded up $0.19 during midday trading on Monday, reaching $422.88. The stock had a trading volume of 4,884,093 shares, compared to its average volume of 3,826,500. The stock has a 50-day moving average of $391.13 and a 200-day moving average of $372.40. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15. The company has a market capitalization of $420.93 billion, a price-to-earnings ratio of 28.73, a price-to-earnings-growth ratio of 4.01 and a beta of 1.00. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month 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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.69 by ($0.01). The firm 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 business's revenue for the quarter was up 4.9% on a year-over-year basis. During the same period last year, the company earned $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, research analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be paid a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Thursday, September 4th. Home Depot's dividend payout ratio (DPR) is presently 62.50%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on HD shares. Guggenheim restated a "buy" rating and set a $450.00 price objective on shares of Home Depot in a research report on Wednesday, May 21st. Sanford C. Bernstein reiterated a "market perform" rating and issued a $398.00 price target (up from $380.00) on shares of Home Depot in a research report on Wednesday, May 21st. Telsey Advisory Group reiterated an "outperform" rating and issued a $455.00 price target on shares of Home Depot in a research report on Tuesday, August 19th. JPMorgan Chase & Co. decreased their price target on shares of Home Depot from $460.00 to $452.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 20th. Finally, TD Securities downgraded shares of Home Depot to a "buy" rating in a research report on Monday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $432.52.

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.