Barnes Wealth Management Group Inc Has $319,000 Stake in The Home Depot, Inc. $HD

Barnes Wealth Management Group Inc raised its stake in The Home Depot, Inc. (NYSE:HD) by 7.9% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 871 shares of the home improvement retailer’s stock after buying an additional 64 shares during the period. Barnes Wealth Management Group Inc’s holdings in Home Depot were worth $319,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Financial Gravity Asset Management Inc. acquired a new position in Home Depot in the first quarter valued at about $406,000. Wealth Management Partners LLC lifted its stake in Home Depot by 0.6% in the first quarter. Wealth Management Partners LLC now owns 6,506 shares of the home improvement retailer’s stock valued at $2,384,000 after buying an additional 36 shares during the period. Arbor Capital Management Inc. ADV lifted its stake in Home Depot by 4.8% in the first quarter. Arbor Capital Management Inc. ADV now owns 4,784 shares of the home improvement retailer’s stock valued at $1,757,000 after buying an additional 221 shares during the period. ARS Wealth Advisors Group LLC increased its holdings in shares of Home Depot by 0.8% in the first quarter. ARS Wealth Advisors Group LLC now owns 31,728 shares of the home improvement retailer’s stock worth $11,628,000 after acquiring an additional 239 shares in the last quarter. Finally, Tabor Asset Management LP bought a new stake in shares of Home Depot in the first quarter worth about $5,886,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Down 1.1%

NYSE:HD opened at $397.45 on Friday. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.28 and a current ratio of 1.15. The company has a market cap of $395.43 billion, a PE ratio of 27.00, a PEG ratio of 3.81 and a beta of 1.00. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37. The stock has a 50-day simple moving average of $373.34 and a 200 day simple moving average of $371.56.

Home Depot (NYSE:HD) last posted 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 for the quarter, compared to the consensus estimate of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, sell-side analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on HD shares. Truist Financial increased their price target on Home Depot from $417.00 to $433.00 and gave the stock a “buy” rating in a report on Wednesday, August 13th. Morgan Stanley increased their price target on Home Depot from $415.00 to $430.00 and gave the stock an “overweight” rating in a report on Wednesday. Robert W. Baird increased their price target on Home Depot from $425.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday. DA Davidson restated a “buy” rating and issued a $450.00 price target on shares of Home Depot in a report on Tuesday. Finally, Gordon Haskett increased their price target on Home Depot from $350.00 to $360.00 in a report on Tuesday, May 20th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $432.52.

Insider Activity

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,406 shares of the firm’s stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total value of $1,996,327.68. Following the completion of the transaction, the executive vice president directly owned 17,367 shares in the company, valued at $6,413,285.76. This trade represents a 23.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.10% of the company’s stock.

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.