Vident Advisory LLC Boosts Stake in The Home Depot, Inc. $HD

Key Points

• Vident Advisory LLC increased its stake in The Home Depot by 17.2%, acquiring an additional 9,967 shares and bringing its total holdings to 67,891 shares worth approximately $24.88 million.
• The Home Depot reported $4.68 earnings per share for the last quarter, slightly missing analyst estimates, with revenue of $45.28 billion, representing a 4.9% year-over-year increase.
• The firm is set to distribute a quarterly dividend of $2.30 per share on September 18, indicating an annualized yield of 2.3%.

Vident Advisory LLC grew its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 17.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 67,891 shares of the home improvement retailer's stock after acquiring an additional 9,967 shares during the quarter. Vident Advisory LLC's holdings in Home Depot were worth $24,883,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Abound Financial LLC bought a new stake in shares of Home Depot during the 1st quarter valued at about $31,000. Iron Horse Wealth Management LLC increased its stake in Home Depot by 86.8% in 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. Quarry LP grew its position in shares of Home Depot by 220.0% in the 4th quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock worth $37,000 after buying an additional 66 shares during the last quarter. Quest 10 Wealth Builders Inc. grew its position in shares of Home Depot by 35.7% in the 1st quarter. Quest 10 Wealth Builders Inc. now owns 114 shares of the home improvement retailer's stock worth $42,000 after buying an additional 30 shares during the last quarter. Finally, Spurstone Advisory Services LLC bought a new stake in shares of Home Depot in the 4th quarter worth approximately $45,000. Institutional investors own 70.86% of the company's stock.

Insiders Place Their Bets

In other news, CEO Edward P. Decker sold 32,897 shares of the business's stock in a transaction on Thursday, August 21st. The stock was 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 owned 122,425 shares in the company, valued at $48,629,658.50. The trade was a 21.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the business's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $413.23, for a total value of $2,265,740.09. Following the completion of the transaction, the executive vice president owned 16,057 shares of the company's stock, valued at $6,635,234.11. This represents a 25.45% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 46,532 shares of company stock valued at $18,648,987. Company insiders own 0.10% of the company's stock.

Home Depot Stock Down 0.1%

Home Depot stock traded down $0.36 during mid-day trading on Tuesday, hitting $406.41. The company had a trading volume of 3,327,636 shares, compared to its average volume of 3,544,718. 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's 50 day moving average price is $381.41 and its two-hundred day moving average price is $370.83. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37. The company has a market capitalization of $404.53 billion, a PE ratio of 27.61, a price-to-earnings-growth ratio of 3.86 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last released its 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 during the quarter, compared to the consensus estimate of $45.43 billion. During the same period last year, the firm posted $4.60 earnings per share. The company's 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, sell-side analysts anticipate 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 announced a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be issued a $2.30 dividend. This represents a $9.20 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Thursday, September 4th. Home Depot's payout ratio is 62.50%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Royal Bank Of Canada cut their price objective on Home Depot from $424.00 to $399.00 and set a "sector perform" rating on the stock in a research report on Thursday, May 15th. Evercore ISI set a $400.00 price target on Home Depot and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Guggenheim restated a "buy" rating and set a $450.00 price target on shares of Home Depot in a research report on Wednesday, May 21st. Mizuho lifted their price target on Home Depot from $435.00 to $450.00 and gave the company an "outperform" rating in a research report on Wednesday, August 20th. Finally, Telsey Advisory Group restated an "outperform" rating and set a $455.00 price target on shares of Home Depot in a research report on Tuesday, August 19th. One 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 company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $432.52.

Home Depot 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.