Uptick Partners LLC Grows Stock Position in The Home Depot, Inc. $HD

by · The Markets Daily

Uptick Partners LLC increased its holdings in shares of The Home Depot, Inc. (NYSE:HD – Free Report) by 27.6% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 1,049 shares of the home improvement retailer’s stock after purchasing an additional 227 shares during the quarter. Uptick Partners LLC’s holdings in Home Depot were worth $385,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Legend Financial Advisors Inc. purchased a new position in shares of Home Depot in the 2nd quarter worth about $28,000. Abound Financial LLC purchased a new position in shares of Home Depot in the 1st quarter worth about $31,000. Iron Horse Wealth Management LLC raised its holdings in shares of Home Depot by 86.8% in the 1st quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer’s stock worth $36,000 after purchasing an additional 46 shares during the period. Global X Japan Co. Ltd. purchased a new position in shares of Home Depot in the 2nd quarter worth about $40,000. Finally, GFG Capital LLC purchased a new position in shares of Home Depot in the 2nd quarter worth about $40,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HD has been the topic of a number of research reports. Telsey Advisory Group restated an “outperform” rating and issued a $455.00 price objective on shares of Home Depot in a report on Tuesday, August 19th. DA Davidson restated a “buy” rating and issued a $450.00 price objective on shares of Home Depot in a report on Tuesday, August 19th. Morgan Stanley increased their target price on Home Depot from $415.00 to $430.00 and gave the company an “overweight” rating in a research note on Wednesday, August 20th. Mizuho increased their target price on Home Depot from $435.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, August 20th. Finally, Wolfe Research initiated coverage on Home Depot in a research note on Thursday, September 18th. They issued an “outperform” rating and a $497.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $435.42.

View Our Latest Stock Analysis on Home Depot

Insider Activity at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,483 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president owned 16,057 shares of the company’s stock, valued at $6,635,234.11. This trade represents a 25.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP William D. Bastek sold 3,783 shares of the 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 transaction, the executive vice president directly owned 24,235 shares in the company, valued at approximately $9,941,924.05. This represents a 13.50% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 48,835 shares of company stock worth $19,623,432 over the last quarter. 0.10% of the stock is owned by corporate insiders.

Home Depot Price Performance

Shares of NYSE HD opened at $388.49 on Thursday. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $439.37. The business has a 50 day moving average price of $403.59 and a two-hundred day moving average price of $377.59. The company has a quick ratio of 0.34, a current ratio of 1.15 and a debt-to-equity ratio of 4.31. The firm has a market cap of $386.70 billion, a PE ratio of 26.39, a price-to-earnings-growth ratio of 3.68 and a beta of 1.00.

Home Depot (NYSE:HD – Get Free Report) last issued its quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share for the quarter, missing analysts’ consensus estimates of $4.69 by ($0.01). Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The business had revenue of $45.28 billion for the quarter, compared to analyst estimates of $45.43 billion. During the same quarter last year, the business earned $4.60 EPS. Home Depot’s revenue for the quarter 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. Sell-side analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently announced 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. This represents a $9.20 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Thursday, September 4th. Home Depot’s dividend payout ratio (DPR) is currently 62.50%.

Home Depot Company 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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