The Home Depot, Inc. $HD Shares Purchased by QTR Family Wealth LLC

Key Points

• QTR Family Wealth LLC increased its stake in The Home Depot, Inc. by 52.1%, owning a total of 2,572 shares valued at approximately $943,000.
• CEO Edward P. Decker sold 32,897 shares for over $13 million, reducing his ownership by 21.18%, while EVP William D. Bastek also sold shares, representing an 8.68% decrease in his holdings.
• Despite reporting a miss in EPS estimates for the last quarter, Home Depot experienced a year-over-year revenue increase of 4.9%, signaling potential for future growth as analysts maintain a consensus rating of "Moderate Buy".

QTR Family Wealth LLC increased its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 52.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,572 shares of the home improvement retailer's stock after purchasing an additional 881 shares during the period. QTR Family Wealth LLC's holdings in Home Depot were worth $943,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Legend Financial Advisors Inc. acquired a new stake in shares of Home Depot during the 2nd quarter worth approximately $28,000. Abound Financial LLC purchased a new position in shares of Home Depot during the 1st quarter worth approximately $31,000. Iron Horse Wealth Management LLC boosted its position in shares of Home Depot by 86.8% during the 1st quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer's stock worth $36,000 after purchasing an additional 46 shares during the period. Global X Japan Co. Ltd. purchased a new position in Home Depot in the 2nd quarter valued at approximately $40,000. Finally, Compass Financial Services Inc purchased a new position in Home Depot in the 1st quarter valued at approximately $41,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Insider Buying and Selling

In other news, 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 value of $13,067,346.34. Following the completion of the transaction, the chief executive officer directly owned 122,425 shares in the company, valued at approximately $48,629,658.50. This represents a 21.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP William D. Bastek sold 2,303 shares of the company's stock in a transaction on Friday, September 12th. The shares were sold at an average price of $423.12, for a total transaction of $974,445.36. Following the completion of the transaction, the executive vice president owned 24,235 shares of the company's stock, valued at $10,254,313.20. This trade represents a 8.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 48,835 shares of company stock valued at $19,623,432. 0.10% of the stock is owned by corporate insiders.

Home Depot Stock Performance

Shares of HD stock opened at $405.25 on Wednesday. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $439.37. 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 50 day moving average price of $401.39 and a 200 day moving average price of $375.46. The firm has a market capitalization of $403.38 billion, a price-to-earnings ratio of 27.53, a price-to-earnings-growth ratio of 3.86 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $45.43 billion. During the same period last year, the company posted $4.60 EPS. The business's revenue for the quarter was up 4.9% on a year-over-year basis. 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 EPS for the current year.

Home Depot Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have recently issued reports on HD. Wolfe Research began coverage on shares of Home Depot in a research report on Thursday, September 18th. They set an "outperform" rating and a $497.00 price objective for the company. Mizuho lifted their price target on shares of Home Depot from $435.00 to $450.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 20th. DA Davidson reiterated a "buy" rating and set a $450.00 price target on shares of Home Depot in a research note on Tuesday, August 19th. Oppenheimer lifted their price target on shares of Home Depot from $400.00 to $420.00 and gave the stock a "market perform" rating in a research note on Thursday, September 25th. Finally, Telsey Advisory Group restated an "outperform" rating and issued a $455.00 price objective on shares of Home Depot in a research note on Tuesday, August 19th. One 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 company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $436.40.

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.

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