QV Investors Inc. Has $3.59 Million Stake in The Home Depot, Inc. $HD

QV Investors Inc. boosted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 0.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,777 shares of the home improvement retailer’s stock after purchasing an additional 60 shares during the period. QV Investors Inc.’s holdings in Home Depot were worth $3,585,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in HD. Brighton Jones LLC increased its stake in shares of Home Depot by 36.5% in the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock valued at $10,471,000 after buying an additional 7,203 shares during the period. GAMMA Investing LLC increased its stake in shares of Home Depot by 7.2% in the 1st quarter. GAMMA Investing LLC now owns 27,932 shares of the home improvement retailer’s stock valued at $10,237,000 after buying an additional 1,880 shares during the period. Creative Financial Designs Inc. ADV increased its stake in shares of Home Depot by 18.1% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 1,363 shares of the home improvement retailer’s stock valued at $500,000 after buying an additional 209 shares during the period. Canvas Wealth Advisors LLC increased its stake in shares of Home Depot by 22.0% in the 1st quarter. Canvas Wealth Advisors LLC now owns 2,564 shares of the home improvement retailer’s stock valued at $909,000 after buying an additional 463 shares during the period. Finally, Border to Coast Pensions Partnership Ltd increased its stake in shares of Home Depot by 5.9% in the 1st quarter. Border to Coast Pensions Partnership Ltd now owns 210,536 shares of the home improvement retailer’s stock valued at $77,159,000 after buying an additional 11,801 shares during the period. 70.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Wells Fargo & Company lifted their target price on Home Depot from $420.00 to $450.00 and gave the company an “overweight” rating in a research note on Wednesday, August 20th. Oppenheimer lifted their price objective on Home Depot from $400.00 to $420.00 and gave the stock a “market perform” rating in a research note on Thursday, September 25th. Wolfe Research initiated coverage on Home Depot in a research note on Thursday, September 18th. They set an “outperform” rating and a $497.00 price objective for the company. Morgan Stanley lifted their price objective on Home Depot from $415.00 to $430.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 20th. Finally, DA Davidson reaffirmed a “buy” rating and set a $450.00 price objective on shares of Home Depot in a research note on Tuesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and a consensus price target of $435.42.

Insider Activity

In other Home Depot news, CFO Richard V. Mcphail sold 3,369 shares of Home Depot stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $403.66, for a total transaction of $1,359,930.54. Following the transaction, the chief financial officer directly owned 45,455 shares in the company, valued at approximately $18,348,365.30. The trade was a 6.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP William D. Bastek sold 3,783 shares of Home Depot stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $410.23, for a total value of $1,551,900.09. Following the transaction, the executive vice president owned 24,235 shares in the company, valued at approximately $9,941,924.05. This represents a 13.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 48,835 shares of company stock valued at $19,623,432. Company insiders own 0.10% of the company’s stock.

Home Depot Stock Performance

HD stock opened at $386.83 on Friday. The business’s 50-day moving average price is $402.68 and its two-hundred day moving average price is $379.51. 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 firm has a market cap of $385.04 billion, a PE ratio of 26.28, a P/E/G ratio of 3.67 and a beta of 1.00. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share for the quarter, missing the consensus estimate of $4.69 by ($0.01). The business had revenue of $45.28 billion for the quarter, compared to the consensus estimate of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The business’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, research analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were issued a dividend of $2.30 per share. The ex-dividend date was Thursday, September 4th. This represents a $9.20 annualized dividend and a yield of 2.4%. Home Depot’s payout ratio is currently 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.