Wealthstream Advisors Inc. Purchases 205 Shares of The Home Depot, Inc. $HD

Wealthstream Advisors Inc. lifted its position in shares of The Home Depot, Inc. (NYSE:HD) by 11.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,062 shares of the home improvement retailer’s stock after purchasing an additional 205 shares during the quarter. Wealthstream Advisors Inc.’s holdings in Home Depot were worth $756,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. DeDora Capital Inc. boosted its position in shares of Home Depot by 0.6% during the second quarter. DeDora Capital Inc. now owns 13,407 shares of the home improvement retailer’s stock valued at $4,916,000 after purchasing an additional 85 shares in the last quarter. Palmer Knight Co boosted its position in shares of Home Depot by 0.5% during the second quarter. Palmer Knight Co now owns 21,716 shares of the home improvement retailer’s stock valued at $7,962,000 after purchasing an additional 105 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Home Depot during the second quarter valued at approximately $22,251,000. Woodard & Co. Asset Management Group Inc. ADV boosted its position in shares of Home Depot by 0.7% during the second quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 10,152 shares of the home improvement retailer’s stock valued at $3,722,000 after purchasing an additional 75 shares in the last quarter. Finally, Novare Capital Management LLC boosted its position in shares of Home Depot by 0.8% during the second quarter. Novare Capital Management LLC now owns 34,861 shares of the home improvement retailer’s stock valued at $12,782,000 after purchasing an additional 289 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. DA Davidson restated a “buy” rating and set a $450.00 price target on shares of Home Depot in a research report on Tuesday, August 19th. Stifel Nicolaus lifted their price objective on Home Depot from $425.00 to $432.00 and gave the company a “buy” rating in a research note on Monday, August 18th. Wells Fargo & Company lifted their price objective on Home Depot from $420.00 to $450.00 and gave the company an “overweight” rating in a research note on Wednesday, August 20th. 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 note on Wednesday, August 20th. Finally, Morgan Stanley lifted their price objective on Home Depot from $415.00 to $430.00 and gave the company an “overweight” rating in a research note on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $435.42.

Home Depot Stock Up 1.1%

HD stock opened at $391.79 on Friday. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37. The business has a fifty day moving average price of $403.70 and a 200-day moving average price of $377.97. 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 stock has a market capitalization of $389.98 billion, a P/E ratio of 26.62, a P/E/G ratio of 3.72 and a beta of 1.00.

Home Depot (NYSE:HD) last posted its quarterly 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 return on equity of 193.99% and a net margin of 8.86%.The business had revenue of $45.28 billion during the quarter, compared to analysts’ expectations of $45.43 billion. During the same quarter in the prior year, the firm earned $4.60 EPS. The firm’s revenue for the quarter 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. Equities analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

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

Insider Transactions at Home Depot

In related news, 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 in the company, valued at approximately $18,348,365.30. This represents a 6.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Edward P. Decker sold 32,897 shares of the company’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $397.22, for a total value of $13,067,346.34. Following the sale, the chief executive officer owned 122,425 shares of the company’s stock, valued at approximately $48,629,658.50. This trade represents a 21.18% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 48,835 shares of company stock valued at $19,623,432. Insiders own 0.10% of the company’s stock.

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.