D.B. Root & Company LLC Purchases 91 Shares of The Home Depot, Inc. $HD

D.B. Root & Company LLC lifted its position in shares of The Home Depot, Inc. (NYSE:HD) by 2.3% during the first quarter, HoldingsChannel reports. The firm owned 4,106 shares of the home improvement retailer’s stock after buying an additional 91 shares during the quarter. D.B. Root & Company LLC’s holdings in Home Depot were worth $1,505,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Navigoe LLC bought a new position in shares of Home Depot during the fourth quarter worth $29,000. Abound Financial LLC bought a new position in shares of Home Depot during the first quarter worth $31,000. Iron Horse Wealth Management LLC boosted its position in shares of 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 worth $36,000 after purchasing an additional 46 shares in the last quarter. Quarry LP boosted its position in shares of Home Depot by 220.0% during the fourth quarter. Quarry LP now owns 96 shares of the home improvement retailer’s stock worth $37,000 after purchasing an additional 66 shares in the last quarter. Finally, Quest 10 Wealth Builders Inc. boosted its position in shares of Home Depot by 35.7% during the first quarter. Quest 10 Wealth Builders Inc. now owns 114 shares of the home improvement retailer’s stock worth $42,000 after purchasing an additional 30 shares in the last quarter. 70.86% of the stock is owned by institutional investors.

Home Depot Stock Down 1.1%

Home Depot stock opened at $397.45 on Friday. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $439.37. The firm has a market capitalization of $395.43 billion, a PE ratio of 27.00, a P/E/G ratio of 3.81 and a beta of 1.00. The company’s 50-day moving average is $373.34 and its 200-day moving average is $371.56. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.28.

Home Depot (NYSE:HD) last issued its quarterly earnings results 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 firm had revenue of $45.28 billion for the quarter, compared to the consensus estimate 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 was up 4.9% on a year-over-year basis. During the same period last year, the company posted $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 year.

Insider Buying and Selling at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 5,406 shares of the stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $369.28, for a total transaction of $1,996,327.68. Following the completion of the sale, the executive vice president directly owned 17,367 shares in the company, valued at $6,413,285.76. This represents a 23.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on HD. Mizuho boosted their price objective on shares of Home Depot from $435.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday. Evercore ISI set a $400.00 price objective on shares of Home Depot and gave the company an “outperform” rating in a research report on Thursday, May 22nd. Robert W. Baird boosted their price objective on shares of Home Depot from $425.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday. DA Davidson reaffirmed a “buy” rating and issued a $450.00 price objective on shares of Home Depot in a research report on Tuesday. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $398.00 price objective (up from $380.00) on shares of Home Depot in a research report on Wednesday, May 21st. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $432.52.

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.