Blue Barn Wealth LLC Boosts Holdings in The Home Depot, Inc. $HD

Blue Barn Wealth LLC increased its holdings in The Home Depot, Inc. (NYSE:HD) by 55.2% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 1,096 shares of the home improvement retailer’s stock after buying an additional 390 shares during the quarter. Blue Barn Wealth LLC’s holdings in Home Depot were worth $402,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Brighton Jones LLC grew its stake in shares of Home Depot by 36.5% during the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock valued at $10,471,000 after purchasing an additional 7,203 shares during the period. Abound Financial LLC bought a new stake in shares of Home Depot during the 1st quarter valued at about $31,000. Beverly Hills Private Wealth LLC grew its stake in shares of Home Depot by 3.1% during the 1st quarter. Beverly Hills Private Wealth LLC now owns 1,641 shares of the home improvement retailer’s stock valued at $601,000 after purchasing an additional 50 shares during the period. Ninety One UK Ltd grew its stake in shares of Home Depot by 0.7% during the 1st quarter. Ninety One UK Ltd now owns 19,034 shares of the home improvement retailer’s stock valued at $6,976,000 after purchasing an additional 130 shares during the period. Finally, Highview Capital Management LLC DE grew its stake in shares of Home Depot by 6.2% during the 1st quarter. Highview Capital Management LLC DE now owns 2,693 shares of the home improvement retailer’s stock valued at $987,000 after purchasing an additional 158 shares during the period. 70.86% of the stock is currently owned by institutional investors.

Home Depot Stock Up 1.2%

NYSE HD opened at $382.83 on Wednesday. The stock’s 50 day moving average is $399.46 and its 200 day moving average is $381.24. 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 Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37. The stock has a market cap of $381.06 billion, a PE ratio of 26.01, a P/E/G ratio of 3.59 and a beta of 1.00.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 EPS 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 business had revenue of $45.28 billion during the quarter, compared to analysts’ expectations of $45.43 billion. During the same period in the prior year, the firm posted $4.60 earnings per share. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Research analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were given a dividend of $2.30 per share. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.4%. Home Depot’s payout ratio is currently 62.50%.

Analyst Ratings Changes

A number of research firms have issued reports on HD. Truist Financial boosted their price target on Home Depot from $417.00 to $433.00 and gave the company a “buy” rating in a research note on Wednesday, August 13th. Stifel Nicolaus boosted 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. Robert W. Baird boosted their price objective on Home Depot from $425.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, August 20th. DA Davidson reiterated a “buy” rating and set a $450.00 price objective on shares of Home Depot in a research note on Tuesday, August 19th. Finally, Oppenheimer boosted their price objective on Home Depot from $400.00 to $420.00 and gave the company a “market perform” rating in a research note on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $435.00.

Insider Activity

In other news, EVP Angie Brown sold 1,000 shares of the company’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total value of $404,070.00. Following the transaction, the executive vice president directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the company’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $413.23, for a total transaction of $2,265,740.09. Following the completion of the transaction, the executive vice president owned 16,057 shares in the company, valued at approximately $6,635,234.11. The trade was a 25.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 48,835 shares of company stock worth $19,623,432. Company insiders own 0.10% of the company’s stock.

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.