PBMares Wealth Management LLC Buys 44 Shares of The Home Depot, Inc. $HD

PBMares Wealth Management LLC increased its stake in shares of The Home Depot, Inc. (NYSE:HD) by 1.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,719 shares of the home improvement retailer’s stock after buying an additional 44 shares during the period. PBMares Wealth Management LLC’s holdings in Home Depot were worth $1,363,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Requisite Capital Management LLC bought a new stake in shares of Home Depot during the 2nd quarter worth about $207,000. Liberty Capital Management Inc. boosted its holdings in shares of Home Depot by 1.3% during the 2nd quarter. Liberty Capital Management Inc. now owns 23,259 shares of the home improvement retailer’s stock worth $8,528,000 after buying an additional 292 shares during the period. Alley Investment Management Company LLC boosted its holdings in shares of Home Depot by 0.5% during the 2nd quarter. Alley Investment Management Company LLC now owns 54,154 shares of the home improvement retailer’s stock worth $19,855,000 after buying an additional 251 shares during the period. Emerald Advisors LLC boosted its holdings in shares of Home Depot by 5.6% during the 2nd quarter. Emerald Advisors LLC now owns 4,035 shares of the home improvement retailer’s stock worth $1,479,000 after buying an additional 215 shares during the period. Finally, Robbins Farley boosted its holdings in shares of Home Depot by 8.8% during the 2nd quarter. Robbins Farley now owns 15,954 shares of the home improvement retailer’s stock worth $5,849,000 after buying an additional 1,297 shares during the period. Institutional investors own 70.86% of the company’s stock.

Analyst Ratings Changes

HD has been the subject of several research analyst reports. Mizuho lifted their target price on shares of Home Depot from $435.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, August 20th. Wolfe Research began coverage on shares of Home Depot in a report on Thursday, September 18th. They issued an “outperform” rating and a $497.00 price objective for the company. Stifel Nicolaus boosted their price objective on shares of Home Depot from $425.00 to $432.00 and gave the company a “buy” rating in a report on Monday, August 18th. 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 report on Wednesday, August 20th. Finally, Wells Fargo & Company boosted their price objective on shares of Home Depot from $420.00 to $450.00 and gave the company an “overweight” rating in a 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 issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and an average price target of $436.40.

Insider Activity at Home Depot

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 shares were sold at an average price of $423.12, for a total transaction 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 approximately $10,254,313.20. This represents a 8.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Edward P. Decker sold 32,897 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $397.22, for a total transaction of $13,067,346.34. Following the sale, the chief executive officer directly owned 122,425 shares of the company’s stock, valued at approximately $48,629,658.50. This trade represents a 21.18% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 48,835 shares of company stock worth $19,623,432 in the last 90 days. Corporate insiders own 0.10% of the company’s stock.

Home Depot Stock Performance

Shares of Home Depot stock opened at $405.25 on Wednesday. The company has a 50 day moving average of $401.39 and a 200-day moving average of $375.46. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37. The company has a current ratio of 1.15, a quick ratio of 0.34 and a debt-to-equity ratio of 4.31. The company has a market cap of $403.38 billion, a PE ratio of 27.53, a price-to-earnings-growth ratio of 3.86 and a beta of 1.00.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share 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 the consensus estimate of $45.43 billion. During the same period last year, the company posted $4.60 EPS. The business’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, 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 declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were issued a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Thursday, September 4th. Home Depot’s dividend payout ratio is 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.