Vanguard Group Inc. Acquires 1,494,615 Shares of The Home Depot, Inc. $HD

by · The Cerbat Gem

Vanguard Group Inc. raised its stake in shares of The Home Depot, Inc. (NYSE:HD – Free Report) by 1.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 97,978,814 shares of the home improvement retailer’s stock after purchasing an additional 1,494,615 shares during the period. Home Depot accounts for about 0.6% of Vanguard Group Inc.’s portfolio, making the stock its 21st biggest position. Vanguard Group Inc. owned about 9.85% of Home Depot worth $35,922,952,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Legend Financial Advisors Inc. purchased a new position in Home Depot during the 2nd quarter valued at $28,000. LFA Lugano Financial Advisors SA purchased a new stake in shares of Home Depot during the second quarter valued at $32,000. Legacy Investment Solutions LLC purchased a new position in Home Depot in the 2nd quarter worth about $35,000. Global X Japan Co. Ltd. purchased a new position in Home Depot in the 2nd quarter worth about $40,000. Finally, GFG Capital LLC bought a new stake in Home Depot during the 2nd quarter valued at about $40,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HD. Morgan Stanley lifted their price target on shares of Home Depot from $415.00 to $430.00 and gave the company an “overweight” rating in a research note on Wednesday, August 20th. Stifel Nicolaus reaffirmed a “hold” rating and set a $370.00 target price (down from $440.00) on shares of Home Depot in a research report on Friday. Gordon Haskett dropped their price target on Home Depot from $400.00 to $345.00 in a research report on Monday, November 10th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $455.00 price objective on shares of Home Depot in a research note on Thursday, November 13th. Finally, Wells Fargo & Company dropped their target price on shares of Home Depot from $450.00 to $435.00 and set an “overweight” rating on the stock in a report on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $429.33.

View Our Latest Stock Report on Home Depot

Home Depot Price Performance

Shares of HD stock opened at $358.31 on Tuesday. The stock’s 50-day moving average is $391.91 and its 200 day moving average is $382.00. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.34. The company has a market cap of $356.66 billion, a P/E ratio of 24.34, a PEG ratio of 3.59 and a beta of 1.00.

Home Depot (NYSE:HD – Get Free Report) last released its quarterly earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 EPS for the quarter, missing the consensus estimate of $3.84 by ($0.10). Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The firm had revenue of $41.35 billion for the quarter, compared to analysts’ expectations of $41.06 billion. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. Research analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were given a $2.30 dividend. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.6%. Home Depot’s dividend payout ratio (DPR) is presently 62.50%.

Insider Activity

In other Home Depot news, EVP Angie Brown sold 1,000 shares of the firm’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 completion of the sale, the executive vice president owned 3,837 shares of the company’s stock, valued at approximately $1,550,416.59. This trade represents a 20.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Richard V. Mcphail sold 3,369 shares of the business’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $403.66, for a total value of $1,359,930.54. Following the sale, the chief financial officer owned 45,455 shares in the company, valued at $18,348,365.30. The trade was a 6.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 48,835 shares of company stock worth $19,623,432 over the last quarter. Company insiders own 0.10% of the company’s stock.

Home Depot Profile

(Free Report)

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.

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