Curio Wealth LLC Raises Stock Holdings in The Home Depot, Inc. $HD

Curio Wealth LLC boosted its holdings in The Home Depot, Inc. (NYSE:HD) by 5,325.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 217 shares of the home improvement retailer’s stock after purchasing an additional 213 shares during the period. Curio Wealth LLC’s holdings in Home Depot were worth $80,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Legend Financial Advisors Inc. acquired a new stake in Home Depot during the second quarter valued at approximately $28,000. Abound Financial LLC acquired a new stake in Home Depot during the first quarter valued at approximately $31,000. Iron Horse Wealth Management LLC raised its stake in Home Depot by 86.8% during the first quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer’s stock valued at $36,000 after buying an additional 46 shares in the last quarter. Global X Japan Co. Ltd. acquired a new stake in Home Depot during the second quarter valued at approximately $40,000. Finally, GFG Capital LLC acquired a new stake in Home Depot during the second quarter valued at approximately $40,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Performance

Shares of HD stock opened at $386.83 on Friday. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $439.37. The firm has a market capitalization of $385.04 billion, a price-to-earnings ratio of 26.28, a price-to-earnings-growth ratio of 3.65 and a beta of 1.00. The business has a 50 day simple moving average of $402.68 and a 200 day simple moving average of $379.19. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.34.

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). 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 the consensus estimate of $45.43 billion. During the same period last year, the company earned $4.60 earnings per share. The business’s quarterly 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. On average, equities research analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were paid a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Thursday, September 4th. Home Depot’s dividend payout ratio (DPR) is presently 62.50%.

Analyst Ratings Changes

Several brokerages have issued reports on HD. Robert W. Baird upped 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. Wells Fargo & Company increased their price target on Home Depot from $420.00 to $450.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 20th. DA Davidson reiterated a “buy” rating and set a $450.00 price target on shares of Home Depot in a research report on Tuesday, August 19th. Oppenheimer increased their price target on Home Depot from $400.00 to $420.00 and gave the stock a “market perform” rating in a research report on Thursday, September 25th. Finally, Stifel Nicolaus increased their price target on Home Depot from $425.00 to $432.00 and gave the stock a “buy” rating in a research report on Monday, August 18th. 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 company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $435.42.

Insider Activity

In other Home Depot news, EVP William D. Bastek sold 3,783 shares of the stock in a transaction 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 completion of the transaction, the executive vice president directly owned 24,235 shares of the company’s stock, valued at approximately $9,941,924.05. This trade represents a 13.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $413.23, for a total value of $2,265,740.09. Following the transaction, the executive vice president directly owned 16,057 shares of the company’s stock, valued at approximately $6,635,234.11. The trade was a 25.45% 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 worth $19,623,432 in the last quarter. 0.10% of the stock is currently owned by corporate 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.