The Home Depot, Inc. $HD Shares Purchased by Fulton Breakefield Broenniman LLC

Fulton Breakefield Broenniman LLC boosted its holdings in The Home Depot, Inc. (NYSE:HD) by 15.3% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 3,077 shares of the home improvement retailer’s stock after buying an additional 409 shares during the quarter. Fulton Breakefield Broenniman LLC’s holdings in Home Depot were worth $1,128,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in HD. Tower View Wealth Management LLC boosted its position in shares of Home Depot by 4.3% in the second quarter. Tower View Wealth Management LLC now owns 16,196 shares of the home improvement retailer’s stock worth $5,938,000 after buying an additional 671 shares during the period. Ransom Advisory Ltd acquired a new stake in shares of Home Depot in the first quarter worth $3,851,000. Shell Asset Management Co. boosted its position in shares of Home Depot by 45.2% in the second quarter. Shell Asset Management Co. now owns 48,175 shares of the home improvement retailer’s stock worth $17,663,000 after buying an additional 15,002 shares during the period. Financial Gravity Asset Management Inc. acquired a new stake in shares of Home Depot in the first quarter worth $406,000. Finally, Arbor Capital Management Inc. ADV boosted its position in shares of Home Depot by 4.8% in the first quarter. Arbor Capital Management Inc. ADV now owns 4,784 shares of the home improvement retailer’s stock worth $1,757,000 after buying an additional 221 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analysts Set New Price Targets

HD has been the subject of several recent analyst reports. Wolfe Research initiated coverage on Home Depot in a research report on Thursday, September 18th. They issued an “outperform” rating and a $497.00 target price for the company. JPMorgan Chase & Co. decreased their target price on Home Depot from $460.00 to $452.00 and set an “overweight” rating for the company in a research report on Wednesday, August 20th. Mizuho boosted their price target on shares of Home Depot from $435.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, August 20th. Telsey Advisory Group reiterated an “outperform” rating and set a $455.00 price objective on shares of Home Depot in a report on Tuesday, August 19th. Finally, Robert W. Baird lifted their price objective on Home Depot from $425.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, August 20th. One 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 currently has a consensus rating of “Moderate Buy” and a consensus price target of $435.42.

Home Depot Price Performance

HD opened at $383.84 on Thursday. The stock has a market cap of $382.07 billion, a price-to-earnings ratio of 26.08, a PEG ratio of 3.67 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. The stock has a fifty day moving average price of $403.30 and a 200 day moving average price of $376.89. The company has a current ratio of 1.15, a quick ratio of 0.34 and a debt-to-equity ratio of 4.31.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.69 by ($0.01). The business had revenue of $45.28 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were issued a $2.30 dividend. The ex-dividend date was Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a yield of 2.4%. Home Depot’s dividend payout ratio is currently 62.50%.

Insider Transactions at Home Depot

In related news, 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 value of $974,445.36. Following the completion of the sale, the executive vice president directly owned 24,235 shares in the company, valued at approximately $10,254,313.20. This represents a 8.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Richard V. Mcphail sold 3,369 shares of the company’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $403.66, for a total transaction of $1,359,930.54. Following the completion of the sale, the chief financial officer owned 45,455 shares of the company’s stock, valued at $18,348,365.30. This represents a 6.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 48,835 shares of company stock valued at $19,623,432 in the last three months. 0.10% of the stock is currently owned by company insiders.

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.