VIRGINIA RETIREMENT SYSTEMS ET Al Purchases Shares of 60,690 The Home Depot, Inc. $HD

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in The Home Depot, Inc. (NYSE:HD) during the second quarter, HoldingsChannel.com reports. The firm purchased 60,690 shares of the home improvement retailer’s stock, valued at approximately $22,251,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Woodard & Co. Asset Management Group Inc. ADV boosted its position in Home Depot by 0.7% in the second quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 10,152 shares of the home improvement retailer’s stock valued at $3,722,000 after buying an additional 75 shares in the last quarter. Novare Capital Management LLC boosted its position in Home Depot by 0.8% in the second quarter. Novare Capital Management LLC now owns 34,861 shares of the home improvement retailer’s stock valued at $12,782,000 after buying an additional 289 shares in the last quarter. Quotient Wealth Partners LLC boosted its position in Home Depot by 8.5% in the second quarter. Quotient Wealth Partners LLC now owns 7,053 shares of the home improvement retailer’s stock valued at $2,586,000 after buying an additional 551 shares in the last quarter. Hamlin Capital Management LLC boosted its position in Home Depot by 1.9% in the second quarter. Hamlin Capital Management LLC now owns 440,622 shares of the home improvement retailer’s stock valued at $161,550,000 after buying an additional 8,204 shares in the last quarter. Finally, Koshinski Asset Management Inc. boosted its position in Home Depot by 11.3% in the second quarter. Koshinski Asset Management Inc. now owns 9,107 shares of the home improvement retailer’s stock valued at $3,339,000 after buying an additional 924 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Angie Brown sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total value of $404,070.00. Following the completion of the sale, the executive vice president owned 3,837 shares of the company’s stock, valued at approximately $1,550,416.59. This represents a 20.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $413.23, for a total transaction of $2,265,740.09. Following the completion of the sale, the executive vice president directly owned 16,057 shares of the company’s stock, valued at $6,635,234.11. The trade was a 25.45% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 48,835 shares of company stock valued at $19,623,432 over the last 90 days. Company insiders own 0.10% of the company’s stock.

Home Depot Trading Up 1.1%

HD opened at $391.79 on Monday. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.34. The company has a market cap of $389.98 billion, a price-to-earnings ratio of 26.62, a price-to-earnings-growth ratio of 3.72 and a beta of 1.00. The firm has a 50 day simple moving average of $403.70 and a 200 day simple moving average of $378.12. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $439.37.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share for the quarter, missing analysts’ consensus estimates of $4.69 by ($0.01). The business 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 company’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the firm earned $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, sell-side analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were paid a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Thursday, September 4th. Home Depot’s payout ratio is 62.50%.

Analyst Upgrades and Downgrades

HD has been the subject of a number of research analyst reports. Truist Financial boosted their target price on shares of Home Depot from $417.00 to $433.00 and gave the stock a “buy” rating in a research note on Wednesday, August 13th. Wells Fargo & Company boosted their target price on shares of Home Depot from $420.00 to $450.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 20th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $455.00 target price on shares of Home Depot in a research note on Tuesday, August 19th. Morgan Stanley boosted their target price on shares of Home Depot from $415.00 to $430.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 20th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Home Depot from $460.00 to $452.00 and set an “overweight” rating for the company in a research note on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and a consensus target price of $435.42.

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.