Balefire LLC Increases Position in The Home Depot, Inc. (NYSE:HD)

26 Jun 2025, 11:16 by Amy Steele · The Cerbat Gem

Balefire LLC boosted its holdings in The Home Depot, Inc. (NYSE:HD – Free Report) by 25.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,140 shares of the home improvement retailer’s stock after buying an additional 629 shares during the period. Balefire LLC’s holdings in Home Depot were worth $1,151,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Asset Planning Services Inc. LA ADV boosted its holdings in Home Depot by 99,400.7% in the first quarter. Asset Planning Services Inc. LA ADV now owns 18,975,772 shares of the home improvement retailer’s stock valued at $6,954,431,000 after acquiring an additional 18,956,701 shares during the last quarter. Norges Bank acquired a new position in shares of Home Depot during the fourth quarter worth $5,032,910,000. GAMMA Investing LLC increased its stake in Home Depot by 39,194.1% during the 1st quarter. GAMMA Investing LLC now owns 10,236,903 shares of the home improvement retailer’s stock worth $37,517,230,000 after buying an additional 10,210,851 shares during the period. Raymond James Financial Inc. acquired a new position in Home Depot in the 4th quarter worth $2,212,546,000. Finally, Proficio Capital Partners LLC boosted its position in Home Depot by 21,394.9% in the 4th quarter. Proficio Capital Partners LLC now owns 2,039,862 shares of the home improvement retailer’s stock valued at $793,486,000 after buying an additional 2,030,372 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HD has been the topic of a number of recent analyst reports. Morgan Stanley reaffirmed an “overweight” rating and issued a $415.00 target price (up from $410.00) on shares of Home Depot in a research report on Tuesday, May 20th. HSBC raised shares of Home Depot from a “reduce” rating to a “hold” rating and raised their target price for the stock from $356.00 to $410.00 in a report on Wednesday, February 26th. Truist Financial upped their price target on shares of Home Depot from $393.00 to $417.00 and gave the stock a “buy” rating in a research report on Tuesday, May 20th. Wells Fargo & Company cut their target price on Home Depot from $445.00 to $420.00 and set an “overweight” rating on the stock in a research note on Thursday, May 8th. Finally, KGI Securities upgraded shares of Home Depot to a “strong-buy” rating in a research report on Monday, March 3rd. Seven research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $426.77.

View Our Latest Stock Analysis on HD

Home Depot Trading Up 0.4%

Shares of NYSE HD opened at $361.96 on Thursday. The company has a quick ratio of 0.28, a current ratio of 1.09 and a debt-to-equity ratio of 5.95. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37. The company has a market cap of $360.12 billion, a price-to-earnings ratio of 24.56, a P/E/G ratio of 3.43 and a beta of 1.02. The business has a fifty day simple moving average of $363.10 and a 200-day simple moving average of $378.66.

Home Depot (NYSE:HD – Get Free Report) last posted its quarterly earnings data on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.59 by ($0.03). Home Depot had a return on equity of 242.51% and a net margin of 8.98%. The company had revenue of $39.86 billion for the quarter, compared to analyst estimates of $39.24 billion. During the same quarter in the previous year, the firm posted $3.63 EPS. Home Depot’s quarterly revenue was up 9.4% on a year-over-year basis. Sell-side analysts predict 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 Wednesday, June 18th. Investors of record on Thursday, June 5th were paid a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date of this dividend was Thursday, June 5th. Home Depot’s dividend payout ratio is 62.42%.

Insiders Place Their Bets

In other news, EVP Fahim Siddiqui sold 2,600 shares of the stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total value of $954,564.00. Following the completion of the sale, the executive vice president now directly owns 7,951 shares of the company’s stock, valued at $2,919,130.14. This represents a 24.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the firm’s stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total transaction of $1,996,327.68. Following the sale, the executive vice president now owns 17,367 shares of the company’s stock, valued at approximately $6,413,285.76. This represents a 23.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

Home Depot Company Profile

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