Frazier Financial Advisors LLC Purchases 97 Shares of The Home Depot, Inc. $HD

Frazier Financial Advisors LLC increased its position in shares of The Home Depot, Inc. (NYSE:HD) by 8.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 1,195 shares of the home improvement retailer’s stock after acquiring an additional 97 shares during the quarter. Frazier Financial Advisors LLC’s holdings in Home Depot were worth $438,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Harbour Trust & Investment Management Co lifted its position in Home Depot by 6.7% during the second quarter. Harbour Trust & Investment Management Co now owns 1,892 shares of the home improvement retailer’s stock worth $694,000 after purchasing an additional 119 shares during the period. RFG Advisory LLC lifted its holdings in shares of Home Depot by 68.0% in the second quarter. RFG Advisory LLC now owns 48,404 shares of the home improvement retailer’s stock worth $17,747,000 after acquiring an additional 19,600 shares during the last quarter. Perfromance Wealth Partners LLC lifted its holdings in shares of Home Depot by 13.7% in the second quarter. Perfromance Wealth Partners LLC now owns 8,008 shares of the home improvement retailer’s stock worth $2,936,000 after acquiring an additional 964 shares during the last quarter. Moran Wealth Management LLC bought a new position in shares of Home Depot in the second quarter worth about $8,842,000. Finally, Revolve Wealth Partners LLC raised its holdings in Home Depot by 6.4% in the 2nd quarter. Revolve Wealth Partners LLC now owns 2,648 shares of the home improvement retailer’s stock valued at $971,000 after buying an additional 159 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Insiders Place Their Bets

In related news, EVP William D. Bastek sold 2,303 shares of Home Depot stock in a transaction on Friday, September 12th. The shares were sold at an average price of $423.12, for a total value of $974,445.36. Following the completion of the sale, the executive vice president owned 24,235 shares of the company’s stock, valued at approximately $10,254,313.20. This trade represents a 8.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Edward P. Decker sold 32,897 shares of Home Depot stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $397.22, for a total transaction of $13,067,346.34. Following the completion of the sale, the chief executive officer directly owned 122,425 shares of the company’s stock, valued at approximately $48,629,658.50. The trade was a 21.18% 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 in the last quarter. Insiders own 0.10% of the company’s stock.

Home Depot Stock Performance

Shares of HD stock opened at $387.72 on Wednesday. The company has a market cap of $385.94 billion, a price-to-earnings ratio of 26.34, a price-to-earnings-growth ratio of 3.60 and a beta of 1.00. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $439.37. 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 50 day moving average of $403.56 and a 200-day moving average of $377.52.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 EPS for the quarter, missing the consensus estimate of $4.69 by ($0.01). The company had revenue of $45.28 billion for the quarter, compared to analyst estimates of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period last year, the business earned $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, equities analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Investors 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 annualized dividend and a yield of 2.4%. Home Depot’s dividend payout ratio (DPR) is presently 62.50%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on HD. Oppenheimer raised their price objective on shares of Home Depot from $400.00 to $420.00 and gave the company a “market perform” rating in a report on Thursday, September 25th. Weiss Ratings reissued a “buy (b)” rating on shares of Home Depot in a research report on Wednesday, October 8th. JPMorgan Chase & Co. decreased their target price 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. Stifel Nicolaus increased their target price on shares of Home Depot from $425.00 to $432.00 and gave the company a “buy” rating in a research report on Monday, August 18th. Finally, Truist Financial increased their target price on shares of Home Depot from $417.00 to $433.00 and gave the company a “buy” rating in a research report on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $435.42.

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.