Sandy Cove Advisors LLC Has $798,000 Holdings in The Home Depot, Inc. $HD

Sandy Cove Advisors LLC grew its stake in The Home Depot, Inc. (NYSE:HD) by 10.9% in the second quarter, Holdings Channel.com reports. The institutional investor owned 2,176 shares of the home improvement retailer’s stock after buying an additional 214 shares during the quarter. Sandy Cove Advisors LLC’s holdings in Home Depot were worth $798,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in HD. Asset Planning Services Inc. LA ADV lifted its position in shares of 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 worth $6,954,431,000 after buying an additional 18,956,701 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Home Depot by 39,194.1% in the first 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 last quarter. Nuveen LLC acquired a new stake in shares of Home Depot in the first quarter worth about $2,076,592,000. Price T Rowe Associates Inc. MD lifted its position in shares of Home Depot by 19.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,253,292 shares of the home improvement retailer’s stock worth $3,391,240,000 after buying an additional 1,494,261 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Home Depot by 6.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 14,415,278 shares of the home improvement retailer’s stock worth $5,282,398,000 after purchasing an additional 891,326 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Buying and Selling

In other news, EVP William D. Bastek sold 2,303 shares of the company’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $423.12, for a total value of $974,445.36. Following the sale, the executive vice president directly owned 24,235 shares in the company, valued at approximately $10,254,313.20. This represents a 8.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, 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 in the company, valued at approximately $1,550,416.59. This represents a 20.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 48,835 shares of company stock worth $19,623,432. Insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

HD has been the subject of several research analyst reports. Guggenheim reissued a “buy” rating and set a $450.00 price objective on shares of Home Depot in a research report on Wednesday, May 21st. DA Davidson reissued a “buy” rating and set a $450.00 price objective on shares of Home Depot in a research report on Tuesday, August 19th. Morgan Stanley boosted their price objective on Home Depot from $415.00 to $430.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 20th. Jefferies Financial Group cut their price objective on Home Depot from $461.00 to $456.00 in a research report on Tuesday, May 20th. Finally, Evercore ISI set a $400.00 price objective on Home Depot and gave the stock an “outperform” rating in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $432.52.

Home Depot Trading Up 0.0%

Shares of HD opened at $422.88 on Tuesday. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month 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. The firm has a market capitalization of $420.93 billion, a price-to-earnings ratio of 28.73, a P/E/G ratio of 4.01 and a beta of 1.00. The stock’s 50-day moving average price is $391.13 and its 200 day moving average price is $372.40.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.69 by ($0.01). Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The firm had revenue of $45.28 billion for the quarter, compared to the consensus estimate of $45.43 billion. During the same quarter in the prior year, the firm earned $4.60 earnings per share. The company’s 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. As a group, research analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be paid a $2.30 dividend. This represents a $9.20 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Thursday, September 4th. Home Depot’s dividend payout ratio is currently 62.50%.

Home Depot 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.