Jaffetilchin Investment Partners LLC Purchases 1,601 Shares of The Home Depot, Inc. $HD

Jaffetilchin Investment Partners LLC grew its holdings in The Home Depot, Inc. (NYSE:HD) by 13.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,904 shares of the home improvement retailer’s stock after purchasing an additional 1,601 shares during the period. Jaffetilchin Investment Partners LLC’s holdings in Home Depot were worth $5,098,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in HD. Legend Financial Advisors Inc. bought a new position in shares of Home Depot during the 2nd quarter worth $28,000. LFA Lugano Financial Advisors SA bought a new position in Home Depot during the 2nd quarter worth about $32,000. Legacy Investment Solutions LLC purchased a new position in Home Depot during the 2nd quarter valued at about $35,000. Global X Japan Co. Ltd. bought a new stake in shares of Home Depot in the 2nd quarter valued at about $40,000. Finally, GFG Capital LLC purchased a new stake in shares of Home Depot in the 2nd quarter worth approximately $40,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. UBS Group lowered their target price on shares of Home Depot from $475.00 to $445.00 and set a “buy” rating for the company in a research note on Wednesday, November 19th. Mizuho upped their target price on Home Depot from $435.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, August 20th. Argus decreased their price target on Home Depot from $450.00 to $425.00 and set a “buy” rating for the company in a research note on Thursday. Truist Financial set a $379.00 price target on Home Depot in a research note on Tuesday, November 18th. Finally, HSBC decreased their price objective on shares of Home Depot from $445.00 to $400.00 and set a “hold” rating for the company in a research report on Wednesday, November 19th. Twenty-one equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus price target of $409.72.

Home Depot Price Performance

Shares of NYSE HD opened at $343.22 on Monday. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15. The firm has a market cap of $341.64 billion, a PE ratio of 23.32, a PEG ratio of 3.59 and a beta of 1.00. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $439.37. The firm has a fifty day moving average of $385.34 and a 200 day moving average of $381.29.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 EPS for the quarter, missing the consensus estimate of $3.83 by ($0.09). The firm had revenue of $41.35 billion for the quarter, compared to analysts’ expectations of $41.06 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.78 earnings per share. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. As a group, 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 declared a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be issued a $2.30 dividend. This represents a $9.20 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Thursday, December 4th. Home Depot’s dividend payout ratio (DPR) is currently 62.71%.

Insider Buying and Selling at Home Depot

In related news, EVP William D. Bastek sold 2,303 shares of the firm’s stock in a transaction dated 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 directly owned 24,235 shares in the company, valued at approximately $10,254,313.20. This trade represents a 8.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.10% of the company’s stock.

Home Depot 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.