The Home Depot, Inc. $HD Shares Purchased by GoalVest Advisory LLC

GoalVest Advisory LLC boosted its stake in The Home Depot, Inc. (NYSE:HD) by 48.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 640 shares of the home improvement retailer’s stock after acquiring an additional 210 shares during the quarter. GoalVest Advisory LLC’s holdings in Home Depot were worth $235,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Banco Santander S.A. grew its stake in Home Depot by 10.0% in the 2nd quarter. Banco Santander S.A. now owns 143,060 shares of the home improvement retailer’s stock valued at $52,452,000 after acquiring an additional 13,035 shares during the period. Ashton Thomas Private Wealth LLC boosted its stake in Home Depot by 4.9% during the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 27,856 shares of the home improvement retailer’s stock worth $10,213,000 after purchasing an additional 1,296 shares during the last quarter. Solstein Capital LLC boosted its stake in Home Depot by 4.2% during the 2nd quarter. Solstein Capital LLC now owns 6,334 shares of the home improvement retailer’s stock worth $2,322,000 after purchasing an additional 255 shares during the last quarter. Delta Investment Management LLC boosted its stake in Home Depot by 24.1% during the 2nd quarter. Delta Investment Management LLC now owns 1,216 shares of the home improvement retailer’s stock worth $446,000 after purchasing an additional 236 shares during the last quarter. Finally, Riverwater Partners LLC boosted its stake in Home Depot by 10.2% during the 2nd quarter. Riverwater Partners LLC now owns 941 shares of the home improvement retailer’s stock worth $345,000 after purchasing an additional 87 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Robert W. Baird lifted their target price on shares of Home Depot from $425.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 20th. Mizuho lifted their target price on shares of Home Depot from $435.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 20th. Wolfe Research assumed coverage on shares of Home Depot in a research note on Thursday, September 18th. They set an “outperform” rating and a $497.00 target price on the stock. Telsey Advisory Group reaffirmed an “outperform” rating and set a $455.00 target price on shares of Home Depot in a research note on Tuesday, August 19th. Finally, Wells Fargo & Company lifted their target price on shares of Home Depot from $420.00 to $450.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and an average target price of $435.42.

Insider Buying and Selling at Home Depot

In related news, CFO Richard V. Mcphail sold 3,369 shares of the business’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $403.66, for a total value of $1,359,930.54. Following the sale, the chief financial officer directly owned 45,455 shares in the company, valued at approximately $18,348,365.30. The trade was a 6.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Angie Brown sold 1,000 shares of the business’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total transaction of $404,070.00. Following the completion of the sale, the executive vice president owned 3,837 shares in the company, 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 90 days, insiders have sold 48,835 shares of company stock worth $19,623,432. Corporate insiders own 0.10% of the company’s stock.

Home Depot Stock Up 0.5%

NYSE HD opened at $386.83 on Monday. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $439.37. 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 business’s fifty day simple moving average is $402.68 and its 200-day simple moving average is $379.68. The firm has a market cap of $385.04 billion, a PE ratio of 26.28, a P/E/G ratio of 3.67 and a beta of 1.00.

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). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The company had revenue of $45.28 billion for the quarter, compared to analysts’ expectations of $45.43 billion. During the same quarter in the prior year, the firm earned $4.60 EPS. The firm’s revenue was up 4.9% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, equities analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were issued a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Thursday, September 4th. Home Depot’s payout ratio is currently 62.50%.

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.