The Home Depot, Inc. $HD Stock Position Lifted by Lyell Wealth Management LP

Lyell Wealth Management LP lifted its position in The Home Depot, Inc. (NYSE:HD) by 1.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,026 shares of the home improvement retailer’s stock after acquiring an additional 630 shares during the quarter. Home Depot accounts for approximately 1.3% of Lyell Wealth Management LP’s holdings, making the stock its 22nd largest position. Lyell Wealth Management LP’s holdings in Home Depot were worth $16,508,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in HD. Accretive Wealth Partners LLC raised its position in shares of Home Depot by 1.4% during the 2nd quarter. Accretive Wealth Partners LLC now owns 5,670 shares of the home improvement retailer’s stock valued at $2,079,000 after acquiring an additional 76 shares in the last quarter. Stephens Inc. AR increased its stake in Home Depot by 1.2% during the second quarter. Stephens Inc. AR now owns 62,713 shares of the home improvement retailer’s stock valued at $22,993,000 after purchasing an additional 741 shares during the last quarter. Balboa Wealth Partners raised its holdings in shares of Home Depot by 1.5% during the second quarter. Balboa Wealth Partners now owns 3,833 shares of the home improvement retailer’s stock worth $1,405,000 after purchasing an additional 58 shares during the period. Swan Global Investments LLC raised its holdings in shares of Home Depot by 24.8% during the second quarter. Swan Global Investments LLC now owns 826 shares of the home improvement retailer’s stock worth $303,000 after purchasing an additional 164 shares during the period. Finally, Calamos Wealth Management LLC lifted its position in shares of Home Depot by 1.4% in the 2nd quarter. Calamos Wealth Management LLC now owns 63,849 shares of the home improvement retailer’s stock worth $23,410,000 after buying an additional 857 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on HD. Oppenheimer boosted their price objective on shares of Home Depot from $400.00 to $420.00 and gave the company a “market perform” rating in a research report on Thursday, September 25th. Truist Financial lifted their target price on Home Depot from $417.00 to $433.00 and gave the company a “buy” rating in a research note on Wednesday, August 13th. Wolfe Research assumed coverage on Home Depot in a research report on Thursday, September 18th. They set an “outperform” rating and a $497.00 price target on the stock. DA Davidson restated a “buy” rating and set a $450.00 price objective on shares of Home Depot in a research report on Tuesday, August 19th. Finally, Mizuho upped their price objective on Home Depot from $435.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $435.42.

Home Depot Stock Performance

Shares of NYSE HD opened at $391.79 on Monday. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $439.37. The company has a market cap of $389.98 billion, a PE ratio of 26.62, a P/E/G ratio of 3.72 and a beta of 1.00. The stock has a 50 day simple moving average of $403.70 and a 200-day simple moving average of $378.12. The company has a current ratio of 1.15, a quick ratio of 0.34 and a debt-to-equity ratio of 4.31.

Home Depot (NYSE:HD) last posted its 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 during the quarter, compared to analyst estimates of $45.43 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The firm’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, equities research analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were issued a $2.30 dividend. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $9.20 annualized dividend and a yield of 2.3%. Home Depot’s dividend payout ratio is presently 62.50%.

Insiders Place Their Bets

In related news, CEO Edward P. Decker sold 32,897 shares of the stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $397.22, for a total value of $13,067,346.34. Following the completion of the transaction, the chief executive officer owned 122,425 shares in the company, valued at $48,629,658.50. This represents a 21.18% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP William D. Bastek sold 2,303 shares of the firm’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $423.12, for a total transaction of $974,445.36. Following the transaction, the executive vice president directly owned 24,235 shares in the company, valued at approximately $10,254,313.20. The trade was a 8.68% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 48,835 shares of company stock valued at $19,623,432. Corporate insiders own 0.10% of the company’s stock.

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.