Dimensional Fund Advisors LP Increases Stock Holdings in The Home Depot, Inc. $HD

Key Points

• Dimensional Fund Advisors LP increased its stake in The Home Depot by 1.3% in the first quarter, owning approximately 5 million shares worth $1.83 billion.
• Home Depot's recent earnings report showed earnings per share (EPS) of $3.56, missing estimates by $0.03, while revenue exceeded expectations at $39.86 billion.
• The company declared a quarterly dividend of $2.30, reflecting an annualized dividend of $9.20 with a yield of 2.3% based on the latest financials.

Dimensional Fund Advisors LP raised its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 1.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,004,784 shares of the home improvement retailer's stock after acquiring an additional 64,222 shares during the period. Home Depot makes up 0.5% of Dimensional Fund Advisors LP's portfolio, making the stock its 19th biggest position. Dimensional Fund Advisors LP owned approximately 0.50% of Home Depot worth $1,834,008,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Asset Planning Services Inc. LA ADV lifted its holdings in shares of Home Depot by 99,400.7% during the first quarter. Asset Planning Services Inc. LA ADV now owns 18,975,772 shares of the home improvement retailer's stock valued at $6,954,431,000 after purchasing an additional 18,956,701 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Home Depot by 39,194.1% during the first quarter. GAMMA Investing LLC now owns 10,236,903 shares of the home improvement retailer's stock valued at $37,517,230,000 after purchasing an additional 10,210,851 shares in the last quarter. Nuveen LLC bought a new position in shares of Home Depot during the first quarter valued at $2,076,592,000. Northern Trust Corp lifted its holdings in shares of Home Depot by 13.3% during the fourth quarter. Northern Trust Corp now owns 12,149,890 shares of the home improvement retailer's stock valued at $4,726,186,000 after purchasing an additional 1,424,857 shares in the last quarter. Finally, Castlekeep Investment Advisors LLC bought a new position in shares of Home Depot during the fourth quarter valued at $471,189,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on HD. Telsey Advisory Group reaffirmed an "outperform" rating and set a $455.00 price target on shares of Home Depot in a report on Tuesday. Wells Fargo & Company set a $420.00 price target on Home Depot and gave the company an "overweight" rating in a report on Monday, June 30th. Guggenheim reaffirmed a "buy" rating and set a $450.00 price target on shares of Home Depot in a report on Wednesday, May 21st. Morgan Stanley reissued an "overweight" rating and issued a $415.00 target price (up previously from $410.00) on shares of Home Depot in a report on Tuesday, May 20th. Finally, Robert W. Baird lowered their target price on Home Depot from $430.00 to $425.00 and set an "outperform" rating on the stock in a report on Wednesday, May 21st. One investment 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, the company has an average rating of "Moderate Buy" and a consensus target price of $427.76.

Home Depot Stock Performance

HD traded up $11.5230 during midday trading on Tuesday, reaching $406.2230. The company had a trading volume of 7,604,414 shares, compared to its average volume of 3,541,694. The company has a quick ratio of 0.28, a current ratio of 1.09 and a debt-to-equity ratio of 5.95. The business has a 50-day moving average of $371.05 and a two-hundred day moving average of $371.19. The company has a market cap of $404.16 billion, a P/E ratio of 27.56, a P/E/G ratio of 3.80 and a beta of 1.00. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37.

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 analysts' consensus estimates of $4.69 by ($0.01). Home Depot had a return on equity of 242.51% and a net margin of 8.98%.The company had revenue of $45.28 billion during the quarter, compared to analysts' expectations of $45.43 billion. During the same quarter in the previous year, the company earned $4.60 EPS. The business's quarterly revenue was up 4.9% compared to the same quarter last year. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, equities research analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were issued a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a yield of 2.3%. The ex-dividend date was Thursday, June 5th. Home Depot's dividend payout ratio (DPR) is currently 62.42%.

Insider Activity at Home Depot

In other Home Depot news, EVP Fahim Siddiqui sold 2,600 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total transaction of $954,564.00. Following the completion of the transaction, the executive vice president owned 7,951 shares in the company, valued at $2,919,130.14. This trade represents a 24.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the firm's stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $369.28, for a total value of $1,996,327.68. Following the transaction, the executive vice president owned 17,367 shares of the company's stock, valued at $6,413,285.76. This represents a 23.74% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.10% of the company's stock.

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.