Gotham Asset Management LLC Boosts Stake in The Home Depot, Inc. $HD

Key Points

• Gotham Asset Management LLC increased its stake in The Home Depot by 84.4% in Q1, holding a total of 32,035 shares worth approximately $11.74 million.
• Home Depot's latest quarterly earnings reported an EPS of $4.68, slightly missing the consensus estimate, with revenues of $45.28 billion, a year-over-year increase of 4.9%.
• The company declared a quarterly dividend of $2.30 per share, reflecting an annualized dividend yield of 2.2%, with a payout ratio of 62.50%.

Gotham Asset Management LLC increased its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 84.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,035 shares of the home improvement retailer's stock after acquiring an additional 14,662 shares during the period. Gotham Asset Management LLC's holdings in Home Depot were worth $11,741,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Invst LLC boosted its position in shares of Home Depot by 0.4% during the fourth quarter. Invst LLC now owns 6,738 shares of the home improvement retailer's stock valued at $2,621,000 after buying an additional 28 shares during the period. Financial Insights Inc. boosted its position in shares of Home Depot by 3.3% during the first quarter. Financial Insights Inc. now owns 880 shares of the home improvement retailer's stock valued at $323,000 after buying an additional 28 shares during the period. Wayfinding Financial LLC boosted its position in shares of Home Depot by 1.2% during the first quarter. Wayfinding Financial LLC now owns 2,353 shares of the home improvement retailer's stock valued at $862,000 after buying an additional 28 shares during the period. Pure Portfolios Holdings LLC boosted its position in shares of Home Depot by 4.7% during the first quarter. Pure Portfolios Holdings LLC now owns 623 shares of the home improvement retailer's stock valued at $228,000 after buying an additional 28 shares during the period. Finally, First Interstate Bank boosted its position in shares of Home Depot by 0.3% during the first quarter. First Interstate Bank now owns 9,020 shares of the home improvement retailer's stock valued at $3,306,000 after buying an additional 28 shares during the period. Hedge funds and other institutional investors own 70.86% of the company's stock.

Insider Activity

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,483 shares of the company's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $413.23, for a total value of $2,265,740.09. Following the sale, the executive vice president directly owned 16,057 shares of the company's stock, valued at approximately $6,635,234.11. This represents a 25.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Richard V. Mcphail sold 3,369 shares of the company's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $403.66, for a total transaction of $1,359,930.54. Following the completion of the sale, the chief financial officer directly owned 45,455 shares in the company, valued at approximately $18,348,365.30. The trade was a 6.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 46,532 shares of company stock valued at $18,648,987. 0.10% of the stock is owned by corporate insiders.

Home Depot Stock Down 0.7%

Shares of HD stock traded down $2.84 during trading hours on Friday, reaching $420.58. 1,426,901 shares of the company's stock were exchanged, compared to its average volume of 3,554,559. The stock's 50 day moving average is $388.99 and its 200-day moving average is $372.26. The company has a market cap of $418.64 billion, a price-to-earnings ratio of 28.56, a P/E/G ratio of 3.92 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 fifty-two week low of $326.31 and a fifty-two week 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 for the quarter, missing analysts' consensus estimates of $4.69 by ($0.01). The company had revenue of $45.28 billion for 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%. Home Depot's quarterly revenue was up 4.9% compared to the same quarter last year. During the same period last year, the firm earned $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have issued reports on HD. Telsey Advisory Group restated an "outperform" rating and set a $455.00 target price on shares of Home Depot in a research report on Tuesday, August 19th. Evercore ISI set a $400.00 target price on Home Depot and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Morgan Stanley boosted their price target on Home Depot from $415.00 to $430.00 and gave the company an "overweight" rating in a report on Wednesday, August 20th. JPMorgan Chase & Co. lowered their price target on Home Depot from $460.00 to $452.00 and set an "overweight" rating for the company in a report on Wednesday, August 20th. Finally, Sanford C. Bernstein reiterated a "market perform" rating and issued a $398.00 price target (up previously from $380.00) on shares of Home Depot in a report on Wednesday, May 21st. One research 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, Home Depot currently 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.