Earned Wealth Advisors LLC Buys 432 Shares of The Home Depot, Inc. $HD

Earned Wealth Advisors LLC raised its stake in The Home Depot, Inc. (NYSE:HD) by 15.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 3,301 shares of the home improvement retailer’s stock after purchasing an additional 432 shares during the quarter. Earned Wealth Advisors LLC’s holdings in Home Depot were worth $1,210,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

HD has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lowered their price target on Home Depot from $460.00 to $452.00 and set an “overweight” rating for the company in a research report on Wednesday, August 20th. Oppenheimer upped their target price on Home Depot from $400.00 to $420.00 and gave the company a “market perform” rating in a report on Thursday, September 25th. Weiss Ratings restated a “buy (b)” rating on shares of Home Depot in a report on Wednesday, October 8th. Telsey Advisory Group restated an “outperform” rating and issued a $455.00 price objective on shares of Home Depot in a report on Tuesday, August 19th. Finally, Stifel Nicolaus upped their price objective on shares of Home Depot from $425.00 to $432.00 and gave the stock a “buy” rating in a report on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $434.35.

Home Depot Stock Up 0.4%

Shares of Home Depot stock opened at $379.39 on Friday. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37. The company has a 50-day moving average of $401.23 and a 200 day moving average of $380.29. The firm has a market cap of $377.64 billion, a price-to-earnings ratio of 25.77, a PEG ratio of 3.59 and a beta of 1.00. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.34.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share for the quarter, missing analysts’ consensus estimates of $4.69 by ($0.01). Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The company had revenue of $45.28 billion for the quarter, compared to the consensus estimate of $45.43 billion. During the same period last year, the business earned $4.60 EPS. The firm’s quarterly 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, sell-side analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal 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. The ex-dividend date was Thursday, September 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.4%. Home Depot’s dividend payout ratio (DPR) is presently 62.50%.

Insider Activity

In other news, EVP Angie Brown sold 1,000 shares of the firm’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $404.07, for a total transaction of $404,070.00. Following the completion of the transaction, the executive vice president directly owned 3,837 shares in the company, valued at $1,550,416.59. This trade represents a 20.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Edward P. Decker sold 32,897 shares of the firm’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $397.22, for a total transaction of $13,067,346.34. Following the sale, the chief executive officer owned 122,425 shares of the company’s stock, valued at approximately $48,629,658.50. This represents a 21.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 48,835 shares of company stock valued at $19,623,432. 0.10% of the stock is currently owned by insiders.

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.