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

D.B. Root & Company LLC increased its holdings in The Home Depot, Inc. (NYSE:HD) by 2.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,106 shares of the home improvement retailer’s stock after purchasing an additional 91 shares during the period. D.B. Root & Company LLC’s holdings in Home Depot were worth $1,505,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. 1832 Asset Management L.P. raised its position in Home Depot by 2.7% in the first quarter. 1832 Asset Management L.P. now owns 755,208 shares of the home improvement retailer’s stock worth $276,776,000 after purchasing an additional 19,509 shares in the last quarter. Compound Planning Inc. raised its position in Home Depot by 3.4% in the first quarter. Compound Planning Inc. now owns 8,966 shares of the home improvement retailer’s stock worth $3,286,000 after purchasing an additional 291 shares in the last quarter. Barnes Wealth Management Group Inc raised its position in Home Depot by 7.9% in the first quarter. Barnes Wealth Management Group Inc now owns 871 shares of the home improvement retailer’s stock worth $319,000 after purchasing an additional 64 shares in the last quarter. Norinchukin Bank The raised its position in Home Depot by 14.3% in the first quarter. Norinchukin Bank The now owns 63,432 shares of the home improvement retailer’s stock worth $23,247,000 after purchasing an additional 7,918 shares in the last quarter. Finally, CW Advisors LLC raised its position in Home Depot by 9.1% in the first quarter. CW Advisors LLC now owns 115,984 shares of the home improvement retailer’s stock worth $42,499,000 after purchasing an additional 9,714 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Down 1.1%

Shares of HD opened at $397.45 on Friday. The firm has a market capitalization of $395.43 billion, a price-to-earnings ratio of 27.00, a PEG ratio of 3.81 and a beta of 1.00. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.28 and a current ratio of 1.15. The business’s fifty day moving average price is $373.34 and its two-hundred day moving average price is $371.56. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $439.37.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 EPS for the quarter, missing analysts’ consensus estimates of $4.69 by ($0.01). The firm had revenue of $45.28 billion during the quarter, compared to the consensus estimate of $45.43 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous 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, analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Insider Buying and Selling

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,406 shares of Home Depot 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 owned 17,367 shares of the company’s stock, valued at approximately $6,413,285.76. The trade was a 23.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on HD shares. Jefferies Financial Group dropped their price target on shares of Home Depot from $461.00 to $456.00 in a research report on Tuesday, May 20th. Gordon Haskett raised their price objective on shares of Home Depot from $350.00 to $360.00 in a report on Tuesday, May 20th. Wells Fargo & Company raised their price objective on shares of Home Depot from $420.00 to $450.00 and gave the stock an “overweight” rating in a report on Wednesday. DA Davidson reaffirmed a “buy” rating and set a $450.00 price objective on shares of Home Depot in a report on Tuesday. Finally, Royal Bank Of Canada dropped their price objective on shares of Home Depot from $424.00 to $399.00 and set a “sector perform” rating for the company in a report on Thursday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and a consensus target price of $432.52.

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.