The Home Depot, Inc. $HD Shares Acquired by River Street Advisors LLC

River Street Advisors LLC grew its position in The Home Depot, Inc. (NYSE:HD) by 1.1% in the second quarter, HoldingsChannel reports. The institutional investor owned 3,836 shares of the home improvement retailer’s stock after acquiring an additional 42 shares during the period. River Street Advisors LLC’s holdings in Home Depot were worth $1,406,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of HD. Brighton Jones LLC grew its stake in shares of Home Depot by 36.5% in the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock valued at $10,471,000 after buying an additional 7,203 shares in the last quarter. Sendero Wealth Management LLC acquired a new stake in shares of Home Depot in the first quarter valued at $221,000. Clare Market Investments LLC grew its stake in Home Depot by 41.4% during the 1st quarter. Clare Market Investments LLC now owns 1,715 shares of the home improvement retailer’s stock worth $629,000 after purchasing an additional 502 shares in the last quarter. Lifestyle Asset Management Inc. grew its stake in Home Depot by 10.5% during the 1st quarter. Lifestyle Asset Management Inc. now owns 1,017 shares of the home improvement retailer’s stock worth $373,000 after purchasing an additional 97 shares in the last quarter. Finally, Warren Street Wealth Advisors LLC grew its stake in Home Depot by 3.5% during the 1st quarter. Warren Street Wealth Advisors LLC now owns 1,206 shares of the home improvement retailer’s stock worth $442,000 after purchasing an additional 41 shares in the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Home Depot

In related news, EVP Teresa Wynn Roseborough sold 5,483 shares of the company’s 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 completion of the sale, the executive vice president directly owned 16,057 shares of the company’s stock, valued at $6,635,234.11. This represents a 25.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Angie Brown sold 1,000 shares of the company’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total value of $404,070.00. Following the completion of the sale, the executive vice president directly owned 3,837 shares of the company’s stock, valued at approximately $1,550,416.59. This trade represents a 20.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 48,835 shares of company stock worth $19,623,432. Insiders own 0.10% of the company’s stock.

Home Depot Trading Down 0.6%

NYSE:HD opened at $394.56 on Friday. The stock has a 50-day simple moving average of $402.24 and a 200-day simple moving average of $375.89. The stock has a market cap of $392.74 billion, a P/E ratio of 26.80, a P/E/G ratio of 3.76 and a beta of 1.00. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.69 by ($0.01). The business had revenue of $45.28 billion for the quarter, compared to analyst estimates of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The company’s revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the company posted $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, 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 given a $2.30 dividend. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.3%. Home Depot’s dividend payout ratio is 62.50%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Morgan Stanley boosted their target price on Home Depot from $415.00 to $430.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 20th. Robert W. Baird boosted their target price on Home Depot from $425.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 20th. Wells Fargo & Company boosted their target price on Home Depot from $420.00 to $450.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 20th. Telsey Advisory Group reissued an “outperform” rating and set a $455.00 target price on shares of Home Depot in a research note on Tuesday, August 19th. Finally, Stifel Nicolaus boosted their target price on Home Depot from $425.00 to $432.00 and gave the stock a “buy” rating in a research note on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $436.40.

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.