The Home Depot, Inc. $HD Stock Holdings Boosted by Richmond Investment Services LLC

by · The Cerbat Gem

Richmond Investment Services LLC grew its position in shares of The Home Depot, Inc. (NYSE:HD – Free Report) by 191.6% during the 2nd quarter, Holdings Channel reports. The firm owned 1,595 shares of the home improvement retailer’s stock after purchasing an additional 1,048 shares during the period. Richmond Investment Services LLC’s holdings in Home Depot were worth $585,000 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 HD. Brighton Jones LLC boosted its stake in Home Depot by 36.5% in the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock worth $10,471,000 after purchasing an additional 7,203 shares during the period. United Bank lifted its holdings in shares of Home Depot by 14.9% in the first quarter. United Bank now owns 5,023 shares of the home improvement retailer’s stock valued at $1,841,000 after purchasing an additional 653 shares in the last quarter. Picton Mahoney Asset Management boosted its position in shares of Home Depot by 64.3% in the first quarter. Picton Mahoney Asset Management now owns 53,186 shares of the home improvement retailer’s stock worth $19,492,000 after buying an additional 20,805 shares during the period. Marco Investment Management LLC grew its holdings in shares of Home Depot by 5.8% during the first quarter. Marco Investment Management LLC now owns 60,292 shares of the home improvement retailer’s stock valued at $22,096,000 after buying an additional 3,310 shares in the last quarter. Finally, Ramirez Asset Management Inc. raised its position in Home Depot by 12.2% during the first quarter. Ramirez Asset Management Inc. now owns 2,674 shares of the home improvement retailer’s stock valued at $980,000 after buying an additional 291 shares during the period. Institutional investors own 70.86% of the company’s stock.

Home Depot Price Performance

Shares of HD opened at $351.23 on Wednesday. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15. The firm has a market cap of $349.61 billion, a PE ratio of 23.86, a PEG ratio of 3.59 and a beta of 1.00. The firm’s 50 day moving average price is $382.21 and its 200 day moving average price is $381.01. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37.

Home Depot (NYSE:HD – Get Free Report) last posted its earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 EPS for the quarter, missing the consensus estimate of $3.83 by ($0.09). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The business had revenue of $41.35 billion during the quarter, compared to the consensus estimate of $41.06 billion. During the same period in the prior year, the firm earned $3.78 earnings per share. The business’s revenue was up 2.8% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. As a group, research analysts expect 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 will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be given a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Thursday, December 4th. Home Depot’s dividend payout ratio is presently 62.71%.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP William D. Bastek sold 2,303 shares of the business’s stock in a transaction dated 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 owned 24,235 shares of the company’s stock, valued at $10,254,313.20. The trade was a 8.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

HD has been the subject of a number of research reports. DZ Bank restated a “sell” rating on shares of Home Depot in a research report on Tuesday, November 18th. Wells Fargo & Company reduced their price target on shares of Home Depot from $435.00 to $400.00 and set an “overweight” rating for the company in a research report on Wednesday, November 19th. Argus lowered their price objective on shares of Home Depot from $450.00 to $425.00 and set a “buy” rating on the stock in a research report on Thursday, November 20th. Royal Bank Of Canada cut their target price on shares of Home Depot from $401.00 to $376.00 and set a “sector perform” rating for the company in a research report on Wednesday, November 19th. Finally, BNP Paribas Exane decreased their target price on shares of Home Depot from $391.00 to $353.00 and set a “neutral” rating for the company in a research note on Wednesday, November 19th. Twenty-two equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $404.60.

Check Out Our Latest Research Report on Home Depot

About Home Depot

(Free Report)

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.

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