Market Street Wealth Management Advisors LLC Has $314,000 Stock Position in The Home Depot, Inc. $HD

Market Street Wealth Management Advisors LLC grew its position in shares of The Home Depot, Inc. (NYSE:HD) by 24.4% in the second quarter, HoldingsChannel reports. The fund owned 857 shares of the home improvement retailer’s stock after acquiring an additional 168 shares during the period. Market Street Wealth Management Advisors LLC’s holdings in Home Depot were worth $314,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of HD. Brighton Jones LLC boosted its position in Home Depot by 36.5% during the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock worth $10,471,000 after acquiring an additional 7,203 shares during the last quarter. Bank Pictet & Cie Europe AG boosted its position in Home Depot by 4.9% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 12,204 shares of the home improvement retailer’s stock worth $4,747,000 after acquiring an additional 565 shares during the last quarter. State of Wyoming increased its position in shares of Home Depot by 29.1% during the 4th quarter. State of Wyoming now owns 666 shares of the home improvement retailer’s stock worth $259,000 after purchasing an additional 150 shares during the last quarter. Teza Capital Management LLC acquired a new position in shares of Home Depot during the 4th quarter worth approximately $851,000. Finally, Two Sigma Advisers LP acquired a new position in shares of Home Depot during the 4th quarter worth approximately $24,156,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Up 0.0%

NYSE HD opened at $422.88 on Tuesday. 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 Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37. The company has a 50 day moving average of $391.13 and a 200-day moving average of $372.40. The company has a market cap of $420.93 billion, a price-to-earnings ratio of 28.73, a PEG ratio of 4.01 and a beta of 1.00.

Home Depot (NYSE:HD) last released its quarterly earnings results 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 during the quarter, compared to analyst estimates of $45.43 billion. During the same quarter in the previous year, the firm posted $4.60 earnings per share. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, equities research analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be given a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Thursday, September 4th. Home Depot’s payout ratio is presently 62.50%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on HD shares. DA Davidson reaffirmed a “buy” rating and set a $450.00 price target on shares of Home Depot in a research report on Tuesday, August 19th. Gordon Haskett boosted their price target on Home Depot from $350.00 to $360.00 in a research report on Tuesday, May 20th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $398.00 price target (up previously from $380.00) on shares of Home Depot in a research report on Wednesday, May 21st. TD Securities lowered Home Depot to a “buy” rating in a research report on Monday, June 2nd. Finally, JPMorgan Chase & Co. cut their price objective on Home Depot from $460.00 to $452.00 and set an “overweight” rating for the company in a research report on Wednesday, August 20th. 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 company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $432.52.

Insider Buying and Selling

In other news, EVP Teresa Wynn Roseborough sold 5,483 shares of Home Depot stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $413.23, for a total value of $2,265,740.09. Following the completion of the sale, the executive vice president directly owned 16,057 shares in the company, valued at approximately $6,635,234.11. The trade was a 25.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Richard V. Mcphail sold 3,369 shares of the stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $403.66, for a total transaction 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. This represents a 6.90% decrease in their position. The disclosure for this sale can be found here. Insiders sold 48,835 shares of company stock valued at $19,623,432 in the last quarter. Corporate 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.