Stevens Capital Partners Takes Position in The Home Depot, Inc. $HD

Stevens Capital Partners purchased a new position in The Home Depot, Inc. (NYSE:HD) during the second quarter, HoldingsChannel.com reports. The fund purchased 555 shares of the home improvement retailer’s stock, valued at approximately $215,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mainstay Capital Management LLC ADV purchased a new stake in shares of Home Depot during the 2nd quarter valued at about $263,000. WealthPlan Investment Management LLC bought a new position in Home Depot during the second quarter valued at approximately $1,149,000. Tower View Wealth Management LLC lifted its position in Home Depot by 4.3% during the second quarter. Tower View Wealth Management LLC now owns 16,196 shares of the home improvement retailer’s stock valued at $5,938,000 after purchasing an additional 671 shares during the period. Ransom Advisory Ltd purchased a new stake in Home Depot in the first quarter worth approximately $3,851,000. Finally, Shell Asset Management Co. grew its position in Home Depot by 45.2% in the 2nd quarter. Shell Asset Management Co. now owns 48,175 shares of the home improvement retailer’s stock worth $17,663,000 after purchasing an additional 15,002 shares during the period. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

Shares of HD opened at $356.14 on Thursday. The business has a 50-day simple moving average of $381.00 and a two-hundred day simple moving average of $380.84. 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 Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $436.36. The stock has a market cap of $354.49 billion, a price-to-earnings ratio of 24.19, a PEG ratio of 3.59 and a beta of 1.00.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, November 18th. The home improvement retailer reported $3.74 EPS for the quarter, missing the consensus estimate of $3.83 by ($0.09). The firm had revenue of $41.35 billion for the quarter, compared to the consensus estimate of $41.06 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.78 earnings per share. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. On average, analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be paid a dividend of $2.30 per share. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $9.20 dividend on an annualized basis and a yield of 2.6%. Home Depot’s dividend payout ratio is presently 62.71%.

Insiders Place Their Bets

In other news, EVP William D. Bastek sold 2,303 shares of the stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $423.12, for a total transaction of $974,445.36. Following the completion of the transaction, the executive vice president directly owned 24,235 shares in the company, valued at approximately $10,254,313.20. This represents a 8.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Evercore ISI lowered their price target on Home Depot from $450.00 to $425.00 and set an “outperform” rating on the stock in a report on Wednesday, November 19th. Truist Financial set a $379.00 target price on Home Depot in a report on Tuesday, November 18th. JPMorgan Chase & Co. cut their price target on Home Depot from $444.00 to $423.00 and set an “overweight” rating for the company in a research note on Wednesday, November 19th. Guggenheim reduced their price target on shares of Home Depot from $450.00 to $400.00 and set a “buy” rating for the company in a research report on Thursday, November 20th. Finally, Robert W. Baird dropped their price objective on shares of Home Depot from $450.00 to $415.00 and set an “outperform” rating on the stock in a report on Wednesday, November 19th. Twenty-two investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $404.60.

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.