VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 60,690 shares of the home improvement retailer's stock, valued at approximately $22,251,000.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Legend Financial Advisors Inc. bought a new position in Home Depot in the 2nd quarter worth $28,000. Abound Financial LLC bought a new position in Home Depot in the 1st quarter worth $31,000. Iron Horse Wealth Management LLC raised its holdings 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 acquiring an additional 46 shares during the period. Global X Japan Co. Ltd. bought a new position in Home Depot in the 2nd quarter worth $40,000. Finally, GFG Capital LLC bought a new position in Home Depot in the 2nd quarter worth $40,000. Institutional investors own 70.86% of the company's stock.
Home Depot Stock Performance
NYSE HD opened at $391.79 on Monday. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.34. The firm has a market capitalization of $389.98 billion, a price-to-earnings ratio of 26.62, a P/E/G ratio of 3.72 and a beta of 1.00. The company's fifty day moving average is $403.70 and its two-hundred day moving average is $378.12. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37.
Home Depot (NYSE:HD - Get Free Report) last issued its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share for the quarter, missing the consensus estimate of $4.69 by ($0.01). Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The business had revenue of $45.28 billion for the quarter, compared to analyst estimates of $45.43 billion. During the same quarter last year, the firm posted $4.60 earnings per share. Home Depot's 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. Equities 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 given a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Thursday, September 4th. Home Depot's payout ratio is 62.50%.
Insider Buying and Selling at Home Depot
In other news, CEO Edward P. Decker sold 32,897 shares of Home Depot stock in a transaction dated 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 sale, the chief executive officer directly owned 122,425 shares in the company, valued at approximately $48,629,658.50. The trade was a 21.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of Home Depot stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $413.23, for a total transaction of $2,265,740.09. Following the sale, the executive vice president owned 16,057 shares in the company, valued at approximately $6,635,234.11. This trade represents a 25.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 48,835 shares of company stock worth $19,623,432 in the last 90 days. 0.10% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
Several research analysts recently commented on the stock. Stifel Nicolaus lifted their target price on shares of Home Depot from $425.00 to $432.00 and gave the stock a "buy" rating in a report on Monday, August 18th. Morgan Stanley lifted their target price on shares of Home Depot from $415.00 to $430.00 and gave the stock an "overweight" rating in a report on Wednesday, August 20th. Wells Fargo & Company lifted their target price on shares of Home Depot from $420.00 to $450.00 and gave the stock an "overweight" rating in a report on Wednesday, August 20th. Wolfe Research started coverage on shares of Home Depot in a research report on Thursday, September 18th. They issued an "outperform" rating and a $497.00 price target on the stock. Finally, Truist Financial raised their price target on shares of Home Depot from $417.00 to $433.00 and gave the stock a "buy" rating in a research report on Wednesday, August 13th. One equities research 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's stock. Based on data from MarketBeat, Home Depot presently has a consensus rating of "Moderate Buy" and a consensus target price of $435.42.
Read Our Latest Research Report on Home Depot
Home Depot Profile
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Free Report)
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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