Nissay Asset Management Corp Japan ADV Raises Stake in The Home Depot, Inc. $HD

Key Points

• Nissay Asset Management Corp Japan ADV increased its position in Home Depot by 1.3% during the first quarter, now holding 121,317 shares valued at approximately $44.46 million.
• Several analysts have raised their price targets for Home Depot, with Guggenheim setting a target of $450.00 and Truist Financial raising theirs to $433.00, indicating strong market confidence in the company's performance.
• Home Depot recently announced a quarterly dividend of $2.30 per share, representing a yield of 2.2%, with the ex-dividend date set for September 4th.

Nissay Asset Management Corp Japan ADV raised its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 1.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 121,317 shares of the home improvement retailer's stock after acquiring an additional 1,518 shares during the quarter. Nissay Asset Management Corp Japan ADV's holdings in Home Depot were worth $44,461,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of HD. Financial Gravity Asset Management Inc. acquired a new stake in shares of Home Depot during the first quarter worth $406,000. Wealth Management Partners LLC increased its position in shares of Home Depot by 0.6% during the first quarter. Wealth Management Partners LLC now owns 6,506 shares of the home improvement retailer's stock worth $2,384,000 after buying an additional 36 shares during the period. Arbor Capital Management Inc. ADV increased its position in shares of Home Depot by 4.8% during the first quarter. Arbor Capital Management Inc. ADV now owns 4,784 shares of the home improvement retailer's stock worth $1,757,000 after buying an additional 221 shares during the period. ARS Wealth Advisors Group LLC increased its position in shares of Home Depot by 0.8% during the first quarter. ARS Wealth Advisors Group LLC now owns 31,728 shares of the home improvement retailer's stock worth $11,628,000 after buying an additional 239 shares during the period. Finally, Tabor Asset Management LP acquired a new stake in shares of Home Depot during the first quarter worth $5,886,000. 70.86% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, EVP William D. Bastek sold 3,783 shares of the company's stock in a transaction on 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 completion of the sale, the executive vice president owned 24,235 shares of the company's stock, valued at approximately $9,941,924.05. This represents a 13.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Edward P. Decker sold 32,897 shares of the company's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $397.22, for a total transaction of $13,067,346.34. Following the completion of the sale, the chief executive officer directly owned 122,425 shares of the company's stock, valued at $48,629,658.50. This trade represents a 21.18% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 46,532 shares of company stock worth $18,648,987 in the last ninety days. 0.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Robert W. Baird raised their price target on shares of Home Depot from $425.00 to $450.00 and gave the stock an "outperform" rating in a report on Wednesday, August 20th. Royal Bank Of Canada reduced their price target on shares of Home Depot from $424.00 to $399.00 and set a "sector perform" rating for the company in a report on Thursday, May 15th. Gordon Haskett raised their price target on shares of Home Depot from $350.00 to $360.00 in a report on Tuesday, May 20th. JPMorgan Chase & Co. reduced their price target on shares of 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 restated a "market perform" rating and issued a $398.00 price target (up from $380.00) on shares of Home Depot in a report on Wednesday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $432.52.

Home Depot Price Performance

NYSE:HD traded up $1.25 during mid-day trading on Monday, hitting $420.20. 3,740,170 shares of the stock traded hands, compared to its average volume of 3,709,986. The business's 50-day moving average price is $386.27 and its 200 day moving average price is $371.38. The company has a market cap of $418.26 billion, a PE ratio of 28.55, a price-to-earnings-growth ratio of 3.97 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. The company has a quick ratio of 0.34, a current ratio of 1.15 and a debt-to-equity ratio of 4.31.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 EPS for the quarter, missing analysts' consensus estimates of $4.69 by ($0.01). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The company had revenue of $45.28 billion during the quarter, compared to analysts' expectations of $45.43 billion. During the same period in the prior year, the firm earned $4.60 EPS. Home Depot's quarterly revenue was up 4.9% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be paid a $2.30 dividend. 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 dividend payout ratio is 62.50%.

About Home Depot

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.