Victrix Investment Advisors Acquires 803 Shares of The Home Depot, Inc. $HD

Key Points

• Victrix Investment Advisors increased its stake in The Home Depot by 8.0%, acquiring an additional 803 shares in the second quarter, bringing its total ownership to 10,896 shares valued at approximately $3,995,000.
• Several analysts have raised their price targets for Home Depot, with Wolfe Research initiating coverage with a $497.00 target price and overall analyst consensus rating being a "Moderate Buy" with a target price of $436.40.
• Home Depot recently announced a quarterly dividend of $2.30 per share, contributing to an annualized dividend yield of 2.3% and a payout ratio of 62.50%.

Victrix Investment Advisors raised its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 8.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,896 shares of the home improvement retailer's stock after acquiring an additional 803 shares during the quarter. Home Depot makes up about 1.8% of Victrix Investment Advisors' investment portfolio, making the stock its 21st biggest position. Victrix Investment Advisors' holdings in Home Depot were worth $3,995,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. PBMares Wealth Management LLC raised its holdings in Home Depot by 1.2% during the second quarter. PBMares Wealth Management LLC now owns 3,719 shares of the home improvement retailer's stock valued at $1,363,000 after acquiring an additional 44 shares during the period. Requisite Capital Management LLC bought a new stake in shares of Home Depot in the second quarter worth about $207,000. Liberty Capital Management Inc. increased its holdings in shares of Home Depot by 1.3% in the second quarter. Liberty Capital Management Inc. now owns 23,259 shares of the home improvement retailer's stock worth $8,528,000 after purchasing an additional 292 shares during the last quarter. Alley Investment Management Company LLC increased its holdings in shares of Home Depot by 0.5% in the second quarter. Alley Investment Management Company LLC now owns 54,154 shares of the home improvement retailer's stock worth $19,855,000 after purchasing an additional 251 shares during the last quarter. Finally, Emerald Advisors LLC increased its holdings in shares of Home Depot by 5.6% in the second quarter. Emerald Advisors LLC now owns 4,035 shares of the home improvement retailer's stock worth $1,479,000 after purchasing an additional 215 shares during the last quarter. 70.86% of the stock is owned by institutional investors.

Analysts Set New Price Targets

HD has been the topic of several research reports. Wolfe Research initiated coverage on Home Depot in a report on Thursday, September 18th. They issued an "outperform" rating and a $497.00 target price on the stock. Stifel Nicolaus lifted their target price on Home Depot from $425.00 to $432.00 and gave the stock a "buy" rating in a report on Monday, August 18th. Robert W. Baird lifted their target price on Home Depot from $425.00 to $450.00 and gave the stock an "outperform" rating in a report on Wednesday, August 20th. DA Davidson reaffirmed a "buy" rating and issued a $450.00 target price on shares of Home Depot in a report on Tuesday, August 19th. Finally, Truist Financial lifted their target price on Home Depot from $417.00 to $433.00 and gave the stock a "buy" rating in a report on Wednesday, August 13th. One investment 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 stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $436.40.

Insider Activity

In other news, EVP William D. Bastek sold 3,783 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $410.23, for a total transaction of $1,551,900.09. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Richard V. Mcphail sold 3,369 shares of the company's stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $403.66, for a total value of $1,359,930.54. Following the transaction, the chief financial officer directly owned 45,455 shares in the company, valued at approximately $18,348,365.30. This represents a 6.90% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 48,835 shares of company stock valued at $19,623,432. 0.10% of the stock is currently owned by corporate insiders.

Home Depot Trading Down 0.4%

HD opened at $405.25 on Wednesday. The firm has a market cap of $403.38 billion, a P/E ratio of 27.53, a P/E/G ratio of 3.86 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 current ratio of 1.15, a quick ratio of 0.34 and a debt-to-equity ratio of 4.31. The stock has a 50-day moving average of $401.39 and a 200 day moving average of $375.46.

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 the consensus estimate of $4.69 by ($0.01). The company had revenue of $45.28 billion during 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 company's revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, research analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

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

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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