The Home Depot, Inc. $HD Shares Acquired by Proactive Wealth Strategies LLC

Proactive Wealth Strategies LLC boosted its stake in The Home Depot, Inc. (NYSE:HD) by 131.8% during the 2nd quarter, HoldingsChannel reports. The fund owned 5,056 shares of the home improvement retailer’s stock after buying an additional 2,875 shares during the period. Proactive Wealth Strategies LLC’s holdings in Home Depot were worth $1,854,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. Legend Financial Advisors Inc. acquired a new stake in shares of Home Depot in the 2nd quarter valued at about $28,000. LFA Lugano Financial Advisors SA acquired a new position in Home Depot in the second quarter worth about $32,000. Legacy Investment Solutions LLC bought a new stake in Home Depot in the second quarter valued at about $35,000. Global X Japan Co. Ltd. bought a new stake in Home Depot in the second quarter valued at about $40,000. Finally, GFG Capital LLC acquired a new stake in Home Depot during the second quarter valued at 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 William D. Bastek sold 2,303 shares of the business’s 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 completion of the transaction, the executive vice president directly owned 24,235 shares in the company, valued at approximately $10,254,313.20. The trade was a 8.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.10% of the company’s stock.

Home Depot Price Performance

Shares of NYSE HD opened at $350.66 on Friday. The company has a debt-to-equity ratio of 3.82, a current ratio of 1.05 and a quick ratio of 0.29. The firm has a market capitalization of $349.09 billion, a PE ratio of 23.90, a P/E/G ratio of 6.31 and a beta of 1.06. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $436.36. The business’s fifty day moving average price is $374.17 and its two-hundred day moving average price is $379.93.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 EPS for the quarter, missing the consensus estimate of $3.83 by ($0.09). Home Depot had a return on equity of 160.74% and a net margin of 8.77%.The firm had revenue of $41.35 billion for the quarter, compared to the consensus estimate of $41.06 billion. During the same quarter in the prior year, the company posted $3.78 EPS. The firm’s revenue was up 2.8% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. On average, research analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be paid a $2.30 dividend. The ex-dividend date is Thursday, December 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.6%. Home Depot’s dividend payout ratio (DPR) is presently 62.71%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Wall Street Zen lowered Home Depot from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. Morgan Stanley decreased their price objective on shares of Home Depot from $430.00 to $395.00 and set an “overweight” rating for the company in a 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, November 21st. Daiwa Capital Markets reduced their price target on shares of Home Depot from $399.00 to $348.00 and set a “neutral” rating on the stock in a research report on Monday, November 24th. Finally, Wells Fargo & Company decreased their price target on shares of Home Depot from $435.00 to $400.00 and set an “overweight” rating for the company in a report on Wednesday, November 19th. Twenty-one equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and an average target price of $403.93.

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.