ZEGA Investments LLC Increases Stock Holdings in The Home Depot, Inc. $HD

ZEGA Investments LLC raised its stake in shares of The Home Depot, Inc. (NYSE:HD) by 96.3% during the second quarter, Holdings Channel reports. The firm owned 5,640 shares of the home improvement retailer’s stock after buying an additional 2,767 shares during the quarter. ZEGA Investments LLC’s holdings in Home Depot were worth $2,068,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in HD. Legend Financial Advisors Inc. purchased a new position in shares of Home Depot during the second quarter valued at about $28,000. Legacy Investment Solutions LLC purchased a new stake in Home Depot in the second quarter worth about $35,000. 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 valued at $36,000 after acquiring an additional 46 shares in the last quarter. Global X Japan Co. Ltd. bought a new stake in Home Depot during the 2nd quarter valued at approximately $40,000. Finally, GFG Capital LLC purchased a new position in shares of Home Depot during the 2nd quarter worth approximately $40,000. 70.86% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 5,483 shares of Home Depot stock in a transaction that occurred on 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 sale, the executive vice president owned 16,057 shares in the company, valued at $6,635,234.11. This trade represents a 25.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP William D. Bastek sold 2,303 shares of the company’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $423.12, for a total transaction of $974,445.36. Following the transaction, the executive vice president owned 24,235 shares of the company’s stock, valued at approximately $10,254,313.20. This represents a 8.68% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 48,835 shares of company stock worth $19,623,432. Insiders own 0.10% of the company’s stock.

Home Depot Stock Up 0.4%

HD stock opened at $370.71 on Friday. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37. The stock has a market cap of $369.00 billion, a P/E ratio of 25.18, a PEG ratio of 3.59 and a beta of 1.00. The business’s 50-day moving average price is $397.28 and its 200-day moving average price is $381.27. The company has a quick ratio of 0.34, a current ratio of 1.15 and a debt-to-equity ratio of 4.31.

Home Depot (NYSE:HD) last announced its quarterly earnings data 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 firm had revenue of $45.28 billion during the quarter, compared to analysts’ expectations of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The business’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period last year, the company 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 firm also recently declared 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 dividend on an annualized basis and a yield of 2.5%. Home Depot’s payout ratio is currently 62.50%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on HD. Telsey Advisory Group restated an “outperform” rating and issued a $455.00 target price on shares of Home Depot in a research note on Tuesday, August 19th. Stifel Nicolaus increased their price objective on Home Depot from $425.00 to $432.00 and gave the stock a “buy” rating in a report on Monday, August 18th. Oppenheimer raised their price objective on Home Depot from $400.00 to $420.00 and gave the company a “market perform” rating in a research report on Thursday, September 25th. Sanford C. Bernstein boosted their target price on shares of Home Depot from $403.00 to $406.00 and gave the company a “market perform” rating in a report on Friday. Finally, Wolfe Research assumed coverage on shares of Home Depot in a report on Thursday, September 18th. They issued an “outperform” rating and a $497.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $434.82.

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.