Conservest Capital Advisors Inc. Has $476,000 Holdings in The Home Depot, Inc. $HD

Conservest Capital Advisors Inc. boosted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 3.0% in the second quarter, HoldingsChannel reports. The fund owned 1,297 shares of the home improvement retailer’s stock after buying an additional 38 shares during the quarter. Conservest Capital Advisors Inc.’s holdings in Home Depot were worth $476,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Legend Financial Advisors Inc. acquired a new stake in Home Depot during the 2nd quarter worth about $28,000. Abound Financial LLC acquired a new stake in Home Depot during the 1st quarter worth about $31,000. Iron Horse Wealth Management LLC boosted its position in Home Depot by 86.8% during the 1st quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer’s stock worth $36,000 after acquiring an additional 46 shares during the period. Global X Japan Co. Ltd. acquired a new stake in Home Depot during the 2nd quarter worth about $40,000. Finally, GFG Capital LLC acquired a new stake in Home Depot during the 2nd quarter worth about $40,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Stock Up 0.5%

Shares of Home Depot stock opened at $386.83 on Friday. The stock has a market capitalization of $385.04 billion, a P/E ratio of 26.28, a PEG ratio of 3.67 and a beta of 1.00. The company has a quick ratio of 0.34, a current ratio of 1.15 and a debt-to-equity ratio of 4.31. The stock has a 50 day moving average price of $402.68 and a two-hundred day moving average price of $379.51. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $439.37.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.69 by ($0.01). The company 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 firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the previous year, the company earned $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Equities analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current 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 $2.30 dividend. This represents a $9.20 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Thursday, September 4th. Home Depot’s payout ratio is currently 62.50%.

Analysts Set New Price Targets

HD has been the subject of several research reports. DA Davidson reiterated a “buy” rating and set a $450.00 price target on shares of Home Depot in a report on Tuesday, August 19th. Wells Fargo & Company lifted their price target on Home Depot from $420.00 to $450.00 and gave the company an “overweight” rating in a report on Wednesday, August 20th. Morgan Stanley lifted their price target on Home Depot from $415.00 to $430.00 and gave the company an “overweight” rating in a report on Wednesday, August 20th. Robert W. Baird lifted their price target on Home Depot from $425.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, August 20th. Finally, JPMorgan Chase & Co. reduced their price target on Home Depot from $460.00 to $452.00 and set an “overweight” rating for the company in a report on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $435.42.

Insider Buying and Selling

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,483 shares of Home Depot stock in a transaction that occurred on 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 transaction, the executive vice president directly owned 16,057 shares of the company’s stock, valued at $6,635,234.11. The trade was a 25.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Angie Brown sold 1,000 shares of Home Depot stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $404.07, for a total value of $404,070.00. Following the completion of the transaction, the executive vice president directly owned 3,837 shares in the company, valued at approximately $1,550,416.59. This 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. 0.10% of the stock is currently owned by company insiders.

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.