The Home Depot, Inc. $HD Shares Bought by Truvestments Capital LLC

Key Points

• Truvestments Capital LLC increased its stake in The Home Depot by 47.5% in Q1, acquiring an additional 3,750 shares, bringing their total holdings to 11,643 shares worth $4,267,000.
• Insider selling was reported, with executives Angie Brown and William D. Bastek selling shares, resulting in a total of 46,532 shares sold by insiders over the last ninety days.
• Home Depot's stock recently traded at $407.88, with analysts rating the stock with a general sentiment of "Moderate Buy" and an average price target of $432.52.

Truvestments Capital LLC raised its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 47.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,643 shares of the home improvement retailer's stock after acquiring an additional 3,750 shares during the quarter. Truvestments Capital LLC's holdings in Home Depot were worth $4,267,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Navigoe LLC purchased a new position in shares of Home Depot during the 4th quarter valued at approximately $29,000. Abound Financial LLC acquired a new stake in shares of Home Depot in the 1st quarter worth $31,000. Iron Horse Wealth Management LLC increased its stake in shares of Home Depot by 86.8% in the 1st quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer's stock worth $36,000 after acquiring an additional 46 shares during the last quarter. Quarry LP increased its stake in shares of Home Depot by 220.0% in the 4th quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock worth $37,000 after acquiring an additional 66 shares during the last quarter. Finally, Quest 10 Wealth Builders Inc. increased its stake in shares of Home Depot by 35.7% in the 1st quarter. Quest 10 Wealth Builders Inc. now owns 114 shares of the home improvement retailer's stock worth $42,000 after acquiring an additional 30 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Home Depot

In related news, EVP Angie Brown sold 1,000 shares of the firm's stock in a transaction dated Wednesday, August 20th. The stock was 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 in the company, valued at $1,550,416.59. This trade represents a 20.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP William D. Bastek sold 3,783 shares of the firm's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $410.23, for a total value of $1,551,900.09. Following the transaction, the executive vice president owned 24,235 shares of the company's stock, valued at $9,941,924.05. This trade represents a 13.50% 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 ninety days. Company insiders own 0.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $455.00 target price on shares of Home Depot in a research note on Tuesday, August 19th. Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $398.00 target price (up from $380.00) on shares of Home Depot in a research note on Wednesday, May 21st. Guggenheim reaffirmed a "buy" rating and issued a $450.00 target price on shares of Home Depot in a research note on Wednesday, May 21st. TD Securities downgraded Home Depot to a "buy" rating in a research note on Monday, June 2nd. Finally, Wells Fargo & Company raised their target price 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 research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Home Depot currently has an average rating of "Moderate Buy" and an average price target of $432.52.

Home Depot Stock Performance

NYSE HD opened at $407.88 on Wednesday. The stock has a market cap of $405.81 billion, a PE ratio of 27.71, a P/E/G ratio of 3.88 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 Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37. The stock has a fifty day simple moving average of $376.81 and a 200-day simple moving average of $371.24.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly 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 for 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% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Equities analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be issued a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Thursday, September 4th. Home Depot's dividend payout ratio (DPR) is 62.50%.

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.