The Home Depot, Inc. $HD Shares Purchased by Jacobsen Capital Management

Jacobsen Capital Management boosted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 15.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,706 shares of the home improvement retailer’s stock after buying an additional 357 shares during the quarter. Home Depot accounts for approximately 0.4% of Jacobsen Capital Management’s portfolio, making the stock its 26th largest holding. Jacobsen Capital Management’s holdings in Home Depot were worth $992,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Legend Financial Advisors Inc. purchased a new stake in shares of Home Depot in the 2nd quarter worth about $28,000. Abound Financial LLC acquired a new stake in shares of Home Depot in the first quarter valued at approximately $31,000. Iron Horse Wealth Management LLC increased its stake in shares of Home Depot by 86.8% during the 1st quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer’s stock worth $36,000 after purchasing an additional 46 shares in the last quarter. Global X Japan Co. Ltd. acquired a new position in shares of Home Depot during the 2nd quarter worth approximately $40,000. Finally, GFG Capital LLC purchased a new stake in Home Depot in the 2nd quarter valued at approximately $40,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on HD. Morgan Stanley boosted their price target on Home Depot from $415.00 to $430.00 and gave the stock an “overweight” rating in a report on Wednesday, August 20th. Stifel Nicolaus boosted their target price on shares of Home Depot from $425.00 to $432.00 and gave the company a “buy” rating in a research note on Monday, August 18th. Wells Fargo & Company raised their price target 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. Robert W. Baird boosted their price objective on shares of Home Depot from $425.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, August 20th. Finally, Mizuho raised their target price on shares of Home Depot from $435.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $435.42.

Insider Buying and Selling at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 5,483 shares of the stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $413.23, for a total value of $2,265,740.09. Following the completion of the sale, the executive vice president owned 16,057 shares of the company’s stock, valued at $6,635,234.11. This represents a 25.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Richard V. Mcphail sold 3,369 shares of Home Depot stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $403.66, for a total transaction of $1,359,930.54. Following the transaction, the chief financial officer owned 45,455 shares in the company, valued at $18,348,365.30. The trade was a 6.90% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 48,835 shares of company stock worth $19,623,432. Company insiders own 0.10% of the company’s stock.

Home Depot Stock Performance

NYSE:HD opened at $390.99 on Wednesday. The company has a market cap of $389.19 billion, a P/E ratio of 26.56, a P/E/G ratio of 3.69 and a beta of 1.00. The firm’s 50 day moving average is $403.62 and its two-hundred day moving average is $378.45. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $439.37. 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 quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 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 firm had revenue of $45.28 billion for the quarter, compared to analyst estimates of $45.43 billion. During the same quarter in the previous year, the company earned $4.60 earnings per share. The company’s quarterly revenue was up 4.9% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were paid a $2.30 dividend. This represents a $9.20 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Thursday, September 4th. Home Depot’s payout ratio is currently 62.50%.

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.