The Home Depot, Inc. $HD Shares Acquired by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lifted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 24.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 46,578 shares of the home improvement retailer’s stock after purchasing an additional 9,288 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Home Depot were worth $17,077,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HD. Legend Financial Advisors Inc. purchased a new stake in shares of Home Depot in the 2nd quarter valued at approximately $28,000. Legacy Investment Solutions LLC purchased a new position in shares of Home Depot during the 2nd quarter worth approximately $35,000. Iron Horse Wealth Management LLC increased its holdings in Home Depot by 86.8% in the 1st quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer’s stock valued at $36,000 after purchasing an additional 46 shares during the last quarter. Global X Japan Co. Ltd. acquired a new stake in Home Depot in the 2nd quarter valued at approximately $40,000. Finally, GFG Capital LLC purchased a new stake in Home Depot in the second quarter valued at approximately $40,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP William D. Bastek sold 3,783 shares of the firm’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $410.23, for a total value of $1,551,900.09. Following the sale, the executive vice president directly owned 24,235 shares in the company, 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 Securities & Exchange Commission, which can be accessed through this link. Also, CEO Edward P. Decker sold 32,897 shares of Home Depot 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 of the company’s stock, valued at approximately $48,629,658.50. This trade represents a 21.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 48,835 shares of company stock valued at $19,623,432 over the last ninety days. 0.10% of the stock is currently owned by corporate insiders.

Home Depot Trading Up 0.4%

NYSE:HD opened at $370.71 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 cap of $369.00 billion, a PE ratio of 25.18, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00. The company has a current ratio of 1.15, a quick ratio of 0.34 and a debt-to-equity ratio of 4.31. The stock has a fifty day moving average price of $397.28 and a 200 day moving average price of $381.46.

Home Depot (NYSE:HD) last posted its quarterly earnings results 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 company had revenue of $45.28 billion during the quarter, compared to analyst estimates of $45.43 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. Home Depot’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the prior year, the business earned $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Sell-side analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently announced 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 of this dividend was Thursday, September 4th. This represents a $9.20 annualized dividend and a yield of 2.5%. Home Depot’s dividend payout ratio (DPR) is 62.50%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented 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 boosted their price objective on Home Depot from $425.00 to $432.00 and gave the company a “buy” rating in a report on Monday, August 18th. Mizuho raised their target price on 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 reaffirmed an “outperform” rating and issued a $455.00 target price on shares of Home Depot in a research report on Tuesday, August 19th. Finally, Truist Financial cut their price target on shares of Home Depot from $454.00 to $421.00 and set a “buy” rating on the stock in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and an average target price of $434.82.

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.