Bill Few Associates Inc. Grows Position in The Home Depot, Inc. $HD

Bill Few Associates Inc. grew its stake in The Home Depot, Inc. (NYSE:HD) by 0.7% during the 2nd quarter, HoldingsChannel reports. The firm owned 14,488 shares of the home improvement retailer’s stock after buying an additional 105 shares during the quarter. Home Depot accounts for about 1.5% of Bill Few Associates Inc.’s investment portfolio, making the stock its 12th biggest holding. Bill Few Associates Inc.’s holdings in Home Depot were worth $5,312,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Gordian Advisors LLC purchased a new stake in Home Depot in the 2nd quarter worth approximately $257,000. MOKAN Wealth Management Inc. boosted its position in Home Depot by 13.2% in the 2nd quarter. MOKAN Wealth Management Inc. now owns 6,404 shares of the home improvement retailer’s stock worth $2,348,000 after purchasing an additional 748 shares in the last quarter. Ellis Investment Partners LLC boosted its position in Home Depot by 1.4% in the 2nd quarter. Ellis Investment Partners LLC now owns 2,574 shares of the home improvement retailer’s stock worth $944,000 after purchasing an additional 36 shares in the last quarter. Index Fund Advisors Inc. purchased a new stake in Home Depot in the 2nd quarter worth approximately $203,000. Finally, M3 Advisory Group LLC boosted its position in Home Depot by 11.9% in the 2nd quarter. M3 Advisory Group LLC now owns 688 shares of the home improvement retailer’s stock worth $252,000 after purchasing an additional 73 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insiders Place Their Bets

In other Home Depot news, CFO Richard V. Mcphail sold 3,369 shares of the firm’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $403.66, for a total value of $1,359,930.54. Following the completion of the sale, the chief financial officer directly owned 45,455 shares of the company’s stock, valued at $18,348,365.30. This trade represents a 6.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP William D. Bastek sold 2,303 shares of the firm’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $423.12, for a total value of $974,445.36. Following the completion of the sale, the executive vice president directly owned 24,235 shares of the company’s stock, valued at $10,254,313.20. This trade represents a 8.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 48,835 shares of company stock worth $19,623,432. 0.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

HD has been the topic of several recent research reports. Weiss Ratings restated a “buy (b)” rating on shares of Home Depot in a research report on Wednesday, October 8th. Morgan Stanley increased their target price on Home Depot from $415.00 to $430.00 and gave the company an “overweight” rating in a research report on Wednesday, August 20th. Telsey Advisory Group reiterated an “outperform” rating and set a $455.00 target price on shares of Home Depot in a research report on Tuesday, August 19th. Stifel Nicolaus increased their target price on Home Depot from $425.00 to $432.00 and gave the company a “buy” rating in a research report on Monday, August 18th. Finally, DA Davidson reiterated a “buy” rating and set a $450.00 target price on shares of Home Depot in a research report on Tuesday, August 19th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $435.42.

Home Depot Price Performance

Home Depot stock opened at $375.86 on Monday. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37. The firm has a market capitalization of $374.13 billion, a price-to-earnings ratio of 25.53, a PEG ratio of 3.57 and a beta of 1.00. The company has a fifty day simple moving average of $403.54 and a 200-day simple moving average of $377.30. 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 released its earnings results 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). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The business had revenue of $45.28 billion for the quarter, compared to analysts’ expectations of $45.43 billion. During the same period in the previous year, the company earned $4.60 EPS. Home Depot’s quarterly revenue was up 4.9% compared to the same quarter last year. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, equities analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were issued a dividend of $2.30 per share. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.4%. Home Depot’s dividend payout ratio is presently 62.50%.

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.