Prospera Financial Services Inc Increases Stake in The Home Depot, Inc. $HD

Prospera Financial Services Inc grew its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 6.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 56,788 shares of the home improvement retailer’s stock after purchasing an additional 3,387 shares during the quarter. Prospera Financial Services Inc’s holdings in Home Depot were worth $20,843,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Brighton Jones LLC raised its stake in shares of Home Depot by 36.5% during the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock valued at $10,471,000 after purchasing an additional 7,203 shares during the period. Hunter Associates Investment Management LLC grew its holdings in Home Depot by 6.3% during the 1st quarter. Hunter Associates Investment Management LLC now owns 2,540 shares of the home improvement retailer’s stock valued at $932,000 after buying an additional 150 shares in the last quarter. Phillips Financial Management LLC grew its holdings in Home Depot by 4.1% during the 1st quarter. Phillips Financial Management LLC now owns 1,266 shares of the home improvement retailer’s stock valued at $464,000 after buying an additional 50 shares in the last quarter. Cerity Partners LLC increased its position in shares of Home Depot by 15.6% during the first quarter. Cerity Partners LLC now owns 726,317 shares of the home improvement retailer’s stock valued at $266,188,000 after buying an additional 97,966 shares during the period. Finally, Bernardo Wealth Planning LLC lifted its holdings in shares of Home Depot by 7.7% in the first quarter. Bernardo Wealth Planning LLC now owns 770 shares of the home improvement retailer’s stock worth $282,000 after buying an additional 55 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

HD has been the subject of several recent analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Home Depot from $460.00 to $452.00 and set an “overweight” rating for the company in a research note on Wednesday, August 20th. 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. Wolfe Research assumed coverage on shares of Home Depot in a report on Thursday, September 18th. They issued an “outperform” rating and a $497.00 price target on the stock. Robert W. Baird increased their price objective on Home Depot from $425.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 20th. Finally, Mizuho lifted their price target on Home Depot from $435.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $434.82.

Insider Activity

In related news, EVP William D. Bastek sold 3,783 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $410.23, for a total transaction of $1,551,900.09. Following the completion of the sale, the executive vice president directly owned 24,235 shares in the company, valued at $9,941,924.05. This represents a 13.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Richard V. Mcphail sold 3,369 shares of the firm’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $403.66, for a total value of $1,359,930.54. Following the transaction, the chief financial officer owned 45,455 shares in the company, valued at approximately $18,348,365.30. The trade was a 6.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 48,835 shares of company stock valued at $19,623,432. Company insiders own 0.10% of the company’s stock.

Home Depot Stock Performance

NYSE:HD opened at $370.71 on Friday. 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. The business has a 50 day moving average of $397.28 and a 200 day moving average of $381.27. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.34. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37.

Home Depot (NYSE:HD) last posted its quarterly earnings results 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). The business had revenue of $45.28 billion for the quarter, compared to analysts’ expectations 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 last year, the business posted $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, sell-side analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

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

Home Depot Company 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.