The Home Depot, Inc. $HD Shares Purchased by New York Life Investment Management LLC

New York Life Investment Management LLC boosted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 1.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 148,814 shares of the home improvement retailer’s stock after buying an additional 1,872 shares during the period. New York Life Investment Management LLC’s holdings in Home Depot were worth $54,561,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HD. Brighton Jones LLC boosted its stake in Home Depot by 36.5% during the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock worth $10,471,000 after buying an additional 7,203 shares during the last quarter. Golden State Wealth Management LLC boosted its stake in Home Depot by 13.3% during the first quarter. Golden State Wealth Management LLC now owns 5,712 shares of the home improvement retailer’s stock worth $2,093,000 after buying an additional 669 shares during the last quarter. Convergence Financial LLC boosted its stake in Home Depot by 6.8% during the first quarter. Convergence Financial LLC now owns 595 shares of the home improvement retailer’s stock worth $218,000 after buying an additional 38 shares during the last quarter. Amalgamated Bank lifted its stake in shares of Home Depot by 1.6% in the 1st quarter. Amalgamated Bank now owns 214,628 shares of the home improvement retailer’s stock valued at $78,659,000 after purchasing an additional 3,448 shares during the last quarter. Finally, Albion Financial Group UT lifted its stake in shares of Home Depot by 1.4% in the 1st quarter. Albion Financial Group UT now owns 67,615 shares of the home improvement retailer’s stock valued at $24,780,000 after purchasing an additional 903 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Activity at Home Depot

In other Home Depot news, CEO Edward P. Decker sold 32,897 shares of the company’s stock in a transaction dated 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 owned 122,425 shares in the company, valued at $48,629,658.50. This represents a 21.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Angie Brown sold 1,000 shares of the company’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $404.07, for a total value of $404,070.00. Following the sale, the executive vice president owned 3,837 shares in the company, valued at approximately $1,550,416.59. This trade represents a 20.67% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 48,835 shares of company stock worth $19,623,432 over the last quarter. 0.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Mizuho upped their price target on Home Depot from $435.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, August 20th. DA Davidson reaffirmed a “buy” rating and issued a $450.00 price target on shares of Home Depot in a research note on Tuesday, August 19th. Stifel Nicolaus upped their price target on Home Depot from $425.00 to $432.00 and gave the company a “buy” rating in a research note on Monday, August 18th. JPMorgan Chase & Co. decreased their price target on Home Depot from $460.00 to $452.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 20th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $455.00 price target on shares of Home Depot in a research note on Tuesday, August 19th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and a consensus price target of $434.35.

Home Depot Price Performance

HD opened at $385.44 on Tuesday. The stock’s 50-day moving average price is $402.49 and its 200 day moving average price is $379.90. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month 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 firm has a market cap of $383.66 billion, a price-to-earnings ratio of 26.18, a PEG ratio of 3.67 and a beta of 1.00.

Home Depot (NYSE:HD) last posted its 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 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 analyst estimates of $45.43 billion. During the same period in the previous year, the company posted $4.60 EPS. Home Depot’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, sell-side analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently declared 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 dividend payout ratio is 62.50%.

Home Depot Company 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.