Stevens Capital Partners Buys New Shares in The Home Depot, Inc. $HD

Stevens Capital Partners purchased a new position in shares of The Home Depot, Inc. (NYSE:HD) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 555 shares of the home improvement retailer’s stock, valued at approximately $215,000.

A number of other large investors also recently modified their holdings of HD. Centerpoint Advisory Group raised its stake in shares of Home Depot by 0.8% during the second quarter. Centerpoint Advisory Group now owns 3,163 shares of the home improvement retailer’s stock worth $1,160,000 after acquiring an additional 26 shares in the last quarter. Disciplined Investors L.L.C. boosted its stake in shares of Home Depot by 2.3% in the 2nd quarter. Disciplined Investors L.L.C. now owns 1,178 shares of the home improvement retailer’s stock valued at $432,000 after purchasing an additional 26 shares in the last quarter. Brio Consultants LLC grew its holdings in shares of Home Depot by 4.7% during the 2nd quarter. Brio Consultants LLC now owns 574 shares of the home improvement retailer’s stock valued at $210,000 after purchasing an additional 26 shares during the last quarter. Client 1ST Advisory Group LLC raised its position in Home Depot by 1.5% in the 1st quarter. Client 1ST Advisory Group LLC now owns 1,878 shares of the home improvement retailer’s stock worth $688,000 after purchasing an additional 27 shares during the period. Finally, BWM Planning LLC raised its position in Home Depot by 0.7% in the 2nd quarter. BWM Planning LLC now owns 4,105 shares of the home improvement retailer’s stock worth $1,505,000 after purchasing an additional 27 shares during the period. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Trading Up 1.4%

NYSE:HD opened at $356.14 on Thursday. The company has a 50-day moving average price of $381.00 and a 200-day moving average price of $380.84. The stock has a market cap of $354.49 billion, a price-to-earnings ratio of 24.19, a P/E/G ratio of 3.59 and a beta of 1.00. The company has a current ratio of 1.15, a quick ratio of 0.34 and a debt-to-equity ratio of 4.31. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $436.36.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.83 by ($0.09). Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The company had revenue of $41.35 billion for the quarter, compared to analysts’ expectations of $41.06 billion. During the same quarter in the prior year, the firm earned $3.78 EPS. Home Depot’s quarterly revenue was up 2.8% compared to the same quarter last year. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. Equities analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be given a $2.30 dividend. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.6%. Home Depot’s dividend payout ratio is currently 62.71%.

Analysts Set New Price Targets

Several research firms have issued reports on HD. Daiwa Capital Markets cut their price target on shares of Home Depot from $399.00 to $348.00 and set a “neutral” rating for the company in a research report on Monday. Wolfe Research lowered their target price on Home Depot from $497.00 to $423.00 and set an “outperform” rating for the company in a research note on Monday. Oppenheimer raised their price target on Home Depot from $400.00 to $420.00 and gave the stock a “market perform” rating in a research report on Thursday, September 25th. 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. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $362.00 price objective on shares of Home Depot in a research note on Monday. Twenty-two research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Home Depot has an average rating of “Moderate Buy” and an average price target of $404.60.

Insider Activity at Home Depot

In related news, EVP William D. Bastek sold 2,303 shares of Home Depot stock in a transaction that occurred 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 sale, the executive vice president directly owned 24,235 shares in the company, valued at $10,254,313.20. The trade was a 8.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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.