The Home Depot, Inc. $HD Shares Acquired by Trexquant Investment LP

Key Points

• Trexquant Investment LP significantly increased its stake in The Home Depot by 509.1% in Q1, now holding 104,458 shares valued at approximately $38.3 million.
• Home Depot reported Q2 earnings of $4.68 per share, slightly missing analyst estimates, with revenue totaling $45.28 billion, representing a 4.9% year-over-year increase.
• The company declared a quarterly dividend of $2.30 per share, with a dividend yield of 2.3%, highlighting a strong commitment to returning value to shareholders.

Trexquant Investment LP lifted its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 509.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 104,458 shares of the home improvement retailer's stock after buying an additional 87,308 shares during the period. Home Depot makes up about 0.4% of Trexquant Investment LP's holdings, making the stock its 19th biggest holding. Trexquant Investment LP's holdings in Home Depot were worth $38,283,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Gerber Kawasaki Wealth & Investment Management increased its holdings in shares of Home Depot by 0.9% during the 1st quarter. Gerber Kawasaki Wealth & Investment Management now owns 38,091 shares of the home improvement retailer's stock worth $13,960,000 after buying an additional 324 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new stake in shares of Home Depot during the 1st quarter worth $2,678,000. Cape ANN Savings Bank increased its holdings in shares of Home Depot by 19.2% during the 1st quarter. Cape ANN Savings Bank now owns 1,363 shares of the home improvement retailer's stock worth $500,000 after buying an additional 220 shares during the last quarter. Truvestments Capital LLC increased its holdings in shares of Home Depot by 47.5% during the 1st quarter. Truvestments Capital LLC now owns 11,643 shares of the home improvement retailer's stock worth $4,267,000 after buying an additional 3,750 shares during the last quarter. Finally, Wealth Preservation Advisors LLC acquired a new stake in shares of Home Depot during the 1st quarter worth $82,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Stock Down 0.1%

NYSE HD traded down $0.41 during trading hours on Friday, hitting $407.04. The company had a trading volume of 2,210,294 shares, compared to its average volume of 3,613,161. 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 firm's 50 day moving average is $380.40 and its 200 day moving average is $371.14. The company has a market capitalization of $405.16 billion, a price-to-earnings ratio of 27.65, a P/E/G ratio of 3.86 and a beta of 1.00. 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 posted its quarterly earnings data 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 firm had revenue of $45.28 billion during the quarter, compared to analysts' expectations of $45.43 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The business's quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the company earned $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Sell-side analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be given a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Thursday, September 4th. Home Depot's dividend payout ratio is presently 62.50%.

Analyst Ratings Changes

A number of analysts have recently commented on HD shares. Jefferies Financial Group dropped their price objective on Home Depot from $461.00 to $456.00 in a report on Tuesday, May 20th. Wells Fargo & Company increased their price target on Home Depot from $420.00 to $450.00 and gave the company an "overweight" rating in a report on Wednesday, August 20th. Telsey Advisory Group reiterated an "outperform" rating and issued a $455.00 price target on shares of Home Depot in a report on Tuesday, August 19th. Robert W. Baird increased their price target on Home Depot from $425.00 to $450.00 and gave the company an "outperform" rating in a report on Wednesday, August 20th. Finally, Royal Bank Of Canada lowered their price target on Home Depot from $424.00 to $399.00 and set a "sector perform" rating for the company in a report on Thursday, May 15th. One 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. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $432.52.

Insider Buying and Selling

In other Home Depot news, EVP Angie Brown sold 1,000 shares of the company's stock in a transaction dated 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 directly owned 3,837 shares of the company's stock, valued at $1,550,416.59. This represents a 20.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the company's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $413.23, for a total transaction of $2,265,740.09. Following the completion of the transaction, the executive vice president directly owned 16,057 shares of the company's stock, valued at approximately $6,635,234.11. The trade was a 25.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 46,532 shares of company stock worth $18,648,987 over the last quarter. Company 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.