NewSquare Capital LLC Acquires 250 Shares of The Home Depot, Inc. $HD

NewSquare Capital LLC grew its holdings in The Home Depot, Inc. (NYSE:HD) by 87.1% in the second quarter, HoldingsChannel reports. The fund owned 537 shares of the home improvement retailer’s stock after buying an additional 250 shares during the period. NewSquare Capital LLC’s holdings in Home Depot were worth $197,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the company. J. W. Coons Advisors LLC lifted its position in Home Depot by 45.4% during the second quarter. J. W. Coons Advisors LLC now owns 10,610 shares of the home improvement retailer’s stock worth $3,890,000 after purchasing an additional 3,315 shares during the period. Elyxium Wealth LLC lifted its position in Home Depot by 3.3% during the second quarter. Elyxium Wealth LLC now owns 4,660 shares of the home improvement retailer’s stock worth $1,709,000 after purchasing an additional 149 shares during the period. MKP Capital Management L.L.C. bought a new stake in Home Depot during the second quarter worth about $76,628,000. Holistic Financial Partners lifted its position in Home Depot by 12.0% during the second quarter. Holistic Financial Partners now owns 1,131 shares of the home improvement retailer’s stock worth $415,000 after purchasing an additional 121 shares during the period. Finally, Northcape Wealth Management LLC lifted its position in Home Depot by 1.0% during the second quarter. Northcape Wealth Management LLC now owns 7,505 shares of the home improvement retailer’s stock worth $2,752,000 after purchasing an additional 72 shares during the period. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Up 1.2%

HD stock opened at $382.83 on Wednesday. The firm has a 50-day moving average price of $399.46 and a 200-day moving average price of $381.24. 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 stock has a market capitalization of $381.06 billion, a P/E ratio of 26.01, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00.

Home Depot (NYSE:HD) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $45.43 billion. During the same period in the prior year, the company earned $4.60 EPS. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, equities research analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were paid a $2.30 dividend. 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 dividend payout ratio is currently 62.50%.

Insider Buying and Selling

In other news, EVP William D. Bastek sold 3,783 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the executive vice president owned 24,235 shares of the company’s stock, valued at $9,941,924.05. This represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 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 transaction, the executive vice president directly owned 3,837 shares of the company’s stock, valued at $1,550,416.59. This represents a 20.67% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 48,835 shares of company stock valued at $19,623,432 over the last three months. Insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. cut their price objective on shares of Home Depot from $460.00 to $452.00 and set an “overweight” rating for the company in a research report on Wednesday, August 20th. Robert W. Baird upped their price objective on shares of Home Depot from $425.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 20th. Stifel Nicolaus increased their target price on shares of Home Depot from $425.00 to $432.00 and gave the stock a “buy” rating in a report on Monday, August 18th. Truist Financial increased their target price on shares of Home Depot from $417.00 to $433.00 and gave the stock a “buy” rating in a report on Wednesday, August 13th. Finally, Wells Fargo & Company increased their target price on shares of Home Depot from $420.00 to $450.00 and gave the stock an “overweight” rating in a report on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus target price of $435.00.

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.