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

Proactive Wealth Strategies LLC grew its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 131.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,056 shares of the home improvement retailer’s stock after purchasing an additional 2,875 shares during the quarter. Proactive Wealth Strategies LLC’s holdings in Home Depot were worth $1,854,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Saiph Capital LLC boosted its stake in Home Depot by 25.1% in the 2nd quarter. Saiph Capital LLC now owns 2,529 shares of the home improvement retailer’s stock worth $927,000 after buying an additional 507 shares during the last quarter. Gateway Wealth Partners LLC increased its stake in shares of Home Depot by 3.2% during the 2nd quarter. Gateway Wealth Partners LLC now owns 1,186 shares of the home improvement retailer’s stock valued at $435,000 after acquiring an additional 37 shares during the last quarter. Amundi lifted its holdings in shares of Home Depot by 11.1% during the 2nd quarter. Amundi now owns 7,903,550 shares of the home improvement retailer’s stock worth $2,938,935,000 after acquiring an additional 790,476 shares during the period. SCS Capital Management LLC boosted its position in shares of Home Depot by 6.0% in the second quarter. SCS Capital Management LLC now owns 13,270 shares of the home improvement retailer’s stock worth $4,865,000 after acquiring an additional 747 shares during the last quarter. Finally, Marshall Wace LLP boosted its position in shares of Home Depot by 252.3% in the second quarter. Marshall Wace LLP now owns 489,547 shares of the home improvement retailer’s stock worth $179,488,000 after acquiring an additional 350,579 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Down 2.0%

Shares of Home Depot stock opened at $350.66 on Friday. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $436.36. The stock has a market cap of $349.09 billion, a price-to-earnings ratio of 23.90, a price-to-earnings-growth ratio of 6.31 and a beta of 1.06. The company has a current ratio of 1.05, a quick ratio of 0.29 and a debt-to-equity ratio of 3.82. The company has a fifty day moving average price of $374.17 and a 200 day moving average price of $379.93.

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

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders 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 is 62.71%.

Analyst Upgrades and Downgrades

HD has been the subject of several research analyst reports. The Goldman Sachs Group dropped their price target on shares of Home Depot from $444.00 to $406.00 and set a “buy” rating for the company in a research report on Wednesday, November 19th. DA Davidson set a $430.00 price objective on shares of Home Depot in a research note on Wednesday, November 19th. TD Cowen cut their target price on Home Depot from $470.00 to $410.00 and set a “buy” rating on the stock in a research report on Wednesday, November 19th. Gordon Haskett reduced their target price on Home Depot from $345.00 to $330.00 and set a “hold” rating on the stock in a report on Wednesday, November 19th. Finally, Wells Fargo & Company dropped their price target on Home Depot from $435.00 to $400.00 and set an “overweight” rating for the company in a research note on Wednesday, November 19th. Twenty-one investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and an average target price of $403.93.

Insiders Place Their Bets

In related news, EVP William D. Bastek sold 2,303 shares of Home Depot stock in a transaction on Friday, September 12th. The shares were sold at an average price of $423.12, for a total transaction of $974,445.36. Following the sale, the executive vice president owned 24,235 shares of the company’s stock, valued at $10,254,313.20. The trade was a 8.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.10% of the company’s stock.

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.