Elite Life Management LLC Grows Stock Position in The Home Depot, Inc. $HD

Elite Life Management LLC raised its stake in shares of The Home Depot, Inc. (NYSE:HD) by 5.3% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 651 shares of the home improvement retailer’s stock after purchasing an additional 33 shares during the quarter. Home Depot comprises 0.6% of Elite Life Management LLC’s portfolio, making the stock its 25th largest position. Elite Life Management LLC’s holdings in Home Depot were worth $239,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Brighton Jones LLC raised its position in Home Depot by 36.5% in the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock valued at $10,471,000 after purchasing an additional 7,203 shares during the period. Golden State Wealth Management LLC raised its holdings in shares of Home Depot by 13.3% during the 1st quarter. Golden State Wealth Management LLC now owns 5,712 shares of the home improvement retailer’s stock valued at $2,093,000 after buying an additional 669 shares during the period. Private Trust Co. NA lifted its position in Home Depot by 2.0% during the 1st quarter. Private Trust Co. NA now owns 17,643 shares of the home improvement retailer’s stock worth $6,466,000 after acquiring an additional 340 shares in the last quarter. Weaver Consulting Group boosted its holdings in Home Depot by 2.3% in the 1st quarter. Weaver Consulting Group now owns 2,942 shares of the home improvement retailer’s stock worth $1,078,000 after acquiring an additional 65 shares during the period. Finally, Novem Group grew its position in Home Depot by 18.7% in the first quarter. Novem Group now owns 2,872 shares of the home improvement retailer’s stock valued at $1,053,000 after acquiring an additional 453 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

Home Depot stock opened at $379.39 on Friday. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37. The company has a fifty day moving average price of $401.23 and a two-hundred day moving average price of $380.29. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.34. The company has a market cap of $377.64 billion, a PE ratio of 25.77, a P/E/G ratio of 3.59 and a beta of 1.00.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share for the quarter, missing the consensus estimate of $4.69 by ($0.01). The business had revenue of $45.28 billion for the quarter, compared to analyst estimates of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.Home Depot’s revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the company earned $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Research analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The company 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 of this dividend was Thursday, September 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.4%. Home Depot’s payout ratio is 62.50%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on HD shares. Telsey Advisory Group reiterated an “outperform” rating and set a $455.00 price objective on shares of Home Depot in a research note on Tuesday, August 19th. JPMorgan Chase & Co. dropped their price target on shares of Home Depot from $460.00 to $452.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 20th. Morgan Stanley boosted their price objective on shares of Home Depot from $415.00 to $430.00 and gave the stock an “overweight” rating in a report on Wednesday, August 20th. Wells Fargo & Company raised their target price on Home Depot from $420.00 to $450.00 and gave the company an “overweight” rating in a research note on Wednesday, August 20th. Finally, Stifel Nicolaus lifted their target price on Home Depot from $425.00 to $432.00 and gave the stock a “buy” rating in a research report on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $434.35.

Insider Buying and Selling at Home Depot

In related news, EVP William D. Bastek sold 3,783 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $410.23, for a total value of $1,551,900.09. Following the sale, the executive vice president owned 24,235 shares of the company’s stock, valued at $9,941,924.05. This trade represents a 13.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the business’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $413.23, for a total transaction 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. In 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.

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.