The Home Depot, Inc. $HD Shares Purchased by South Plains Financial Inc.

South Plains Financial Inc. lifted its position in The Home Depot, Inc. (NYSE:HD) by 9.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,915 shares of the home improvement retailer’s stock after purchasing an additional 159 shares during the quarter. South Plains Financial Inc.’s holdings in Home Depot were worth $702,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Legend Financial Advisors Inc. acquired a new stake in shares of Home Depot during the 2nd quarter worth approximately $28,000. LFA Lugano Financial Advisors SA acquired a new position in Home Depot in the second quarter valued at approximately $32,000. Legacy Investment Solutions LLC purchased a new position in Home Depot in the second quarter worth approximately $35,000. Global X Japan Co. Ltd. purchased a new position in Home Depot in the second quarter worth approximately $40,000. Finally, Decker Retirement Planning Inc. acquired a new stake in Home Depot during the second quarter worth $40,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Home Depot

In related news, EVP William D. Bastek sold 2,303 shares of the business’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 completion of the transaction, the executive vice president directly owned 24,235 shares of the company’s stock, valued at $10,254,313.20. The trade was a 8.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on HD. TD Cowen decreased their price target on Home Depot from $470.00 to $410.00 and set a “buy” rating on the stock in a research note on Wednesday, November 19th. BNP Paribas Exane decreased their target price on shares of Home Depot from $391.00 to $353.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 19th. Citigroup lowered their target price on shares of Home Depot from $422.00 to $407.00 and set a “buy” rating for the company in a research note on Friday. JPMorgan Chase & Co. reduced their price target on shares of Home Depot from $444.00 to $423.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 19th. Finally, UBS Group decreased their price objective on shares of Home Depot from $475.00 to $445.00 and set a “buy” rating on the stock in a report on Wednesday, November 19th. Twenty-one investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $409.72.

Home Depot Stock Up 3.3%

Shares of HD opened at $343.22 on Monday. The company’s 50-day simple moving average is $385.34 and its 200-day simple moving average is $381.29. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37. The stock has a market capitalization of $341.64 billion, a PE ratio of 23.32, a P/E/G ratio of 3.59 and a beta of 1.00.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.09). The business had revenue of $41.35 billion during the quarter, compared to analyst estimates of $41.06 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter last year, the firm posted $3.78 EPS. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. Analysts forecast 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 disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be paid a $2.30 dividend. This represents a $9.20 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Thursday, December 4th. Home Depot’s dividend payout ratio (DPR) is presently 62.71%.

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.