Kinsale Capital Group Inc. Buys 2,894 Shares of The Home Depot, Inc. $HD

Kinsale Capital Group Inc. grew its position in shares of The Home Depot, Inc. (NYSE:HD) by 11.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,661 shares of the home improvement retailer’s stock after acquiring an additional 2,894 shares during the quarter. Home Depot accounts for approximately 2.1% of Kinsale Capital Group Inc.’s portfolio, making the stock its 15th largest holding. Kinsale Capital Group Inc.’s holdings in Home Depot were worth $10,142,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Centerpoint Advisory Group grew its position in Home Depot by 0.8% in the 2nd quarter. Centerpoint Advisory Group now owns 3,163 shares of the home improvement retailer’s stock worth $1,160,000 after purchasing an additional 26 shares in the last quarter. Client 1ST Advisory Group LLC boosted its stake in shares of Home Depot by 1.5% in the 1st quarter. Client 1ST Advisory Group LLC now owns 1,878 shares of the home improvement retailer’s stock worth $688,000 after buying an additional 27 shares during the last quarter. Firethorn Wealth Partners LLC grew its holdings in shares of Home Depot by 1.5% in the second quarter. Firethorn Wealth Partners LLC now owns 1,875 shares of the home improvement retailer’s stock valued at $687,000 after acquiring an additional 28 shares in the last quarter. Means Investment CO. Inc. increased its position in shares of Home Depot by 0.6% during the second quarter. Means Investment CO. Inc. now owns 4,676 shares of the home improvement retailer’s stock valued at $1,714,000 after acquiring an additional 28 shares during the last quarter. Finally, Callahan Advisors LLC increased its position in shares of Home Depot by 0.3% during the second quarter. Callahan Advisors LLC now owns 8,437 shares of the home improvement retailer’s stock valued at $3,094,000 after acquiring an additional 28 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Buying and Selling

In related news, CEO Edward P. Decker sold 32,897 shares of the business’s stock in a transaction on Thursday, August 21st. The stock was 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 transaction 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 dated Friday, August 22nd. The stock was sold at an average price of $413.23, for a total value of $2,265,740.09. Following the sale, the executive vice president directly owned 16,057 shares in the company, valued at $6,635,234.11. This trade represents a 25.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 48,835 shares of company stock valued at $19,623,432 in the last 90 days. Corporate insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

HD has been the subject of a number of recent analyst reports. Wolfe Research began coverage on Home Depot in a research note on Thursday, September 18th. They issued an “outperform” rating and a $497.00 price objective for the company. JPMorgan Chase & Co. cut their price target on shares of Home Depot from $460.00 to $452.00 and set an “overweight” rating on the stock in a report on Wednesday, August 20th. Robert W. Baird raised their price objective on shares of Home Depot from $425.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, August 20th. Wells Fargo & Company boosted their target price on shares of Home Depot from $420.00 to $450.00 and gave the company an “overweight” rating in a research note on Wednesday, August 20th. Finally, Oppenheimer increased their target price on shares of Home Depot from $400.00 to $420.00 and gave the company a “market perform” rating in a research report on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $434.82.

Home Depot Price Performance

HD opened at $370.71 on Friday. The firm has a 50-day moving average price of $397.28 and a 200-day moving average price of $381.27. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37. The company has a quick ratio of 0.34, a current ratio of 1.15 and a debt-to-equity ratio of 4.31. The company has a market capitalization of $369.00 billion, a price-to-earnings ratio of 25.18, a PEG ratio of 3.59 and a beta of 1.00.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 EPS 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 the consensus estimate of $45.43 billion. During the same period last year, the business posted $4.60 earnings per share. The firm’s quarterly 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 analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were given a $2.30 dividend. The ex-dividend date was Thursday, September 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.5%. Home Depot’s payout ratio is 62.50%.

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.