The Home Depot, Inc. $HD Shares Bought by Interchange Capital Partners LLC

Interchange Capital Partners LLC raised its holdings in The Home Depot, Inc. (NYSE:HD) by 0.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,690 shares of the home improvement retailer’s stock after acquiring an additional 28 shares during the period. Home Depot makes up approximately 0.7% of Interchange Capital Partners LLC’s investment portfolio, making the stock its 29th largest position. Interchange Capital Partners LLC’s holdings in Home Depot were worth $2,819,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of HD. Brighton Jones LLC raised its holdings in Home Depot by 36.5% in the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock valued at $10,471,000 after acquiring an additional 7,203 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Home Depot by 7.2% in the 1st quarter. GAMMA Investing LLC now owns 27,932 shares of the home improvement retailer’s stock valued at $10,237,000 after buying an additional 1,880 shares during the period. Creative Financial Designs Inc. ADV grew its stake in shares of Home Depot by 18.1% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 1,363 shares of the home improvement retailer’s stock valued at $500,000 after buying an additional 209 shares during the period. Canvas Wealth Advisors LLC grew its stake in shares of Home Depot by 22.0% in the 1st quarter. Canvas Wealth Advisors LLC now owns 2,564 shares of the home improvement retailer’s stock valued at $909,000 after buying an additional 463 shares during the period. Finally, Border to Coast Pensions Partnership Ltd grew its stake in shares of Home Depot by 5.9% in the 1st quarter. Border to Coast Pensions Partnership Ltd now owns 210,536 shares of the home improvement retailer’s stock valued at $77,159,000 after buying an additional 11,801 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Performance

NYSE:HD opened at $386.83 on Friday. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15. The stock has a market capitalization of $385.04 billion, a P/E ratio of 26.28, a PEG ratio of 3.67 and a beta of 1.00. The company has a 50 day moving average price of $402.68 and a 200 day moving average price of $379.51. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $439.37.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share for the quarter, missing analysts’ consensus estimates of $4.69 by ($0.01). The company had revenue of $45.28 billion for the quarter, compared to analysts’ expectations of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The business’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the previous year, the business posted $4.60 EPS. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were given a $2.30 dividend. This represents a $9.20 annualized dividend 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 currently 62.50%.

Insider Buying and Selling

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,483 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 16,057 shares of the company’s stock, valued at $6,635,234.11. This trade represents a 25.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Angie Brown sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total transaction of $404,070.00. Following the completion of the transaction, the executive vice president directly owned 3,837 shares of the company’s stock, valued at $1,550,416.59. This represents a 20.67% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 48,835 shares of company stock worth $19,623,432 over the last three months. 0.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

HD has been the subject of several analyst reports. Stifel Nicolaus increased their price target on shares of Home Depot from $425.00 to $432.00 and gave the company a “buy” rating in a research note on Monday, August 18th. Truist Financial increased their price target on shares of Home Depot from $417.00 to $433.00 and gave the company a “buy” rating in a research note on Wednesday, August 13th. Weiss Ratings reissued a “buy (b)” rating on shares of Home Depot in a research note on Saturday. Oppenheimer increased their price target on shares of Home Depot from $400.00 to $420.00 and gave the company a “market perform” rating in a research note on Thursday, September 25th. Finally, Mizuho increased their price objective on shares of Home Depot from $435.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $435.42.

About Home Depot

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.