Next Capital Management LLC Grows Stock Holdings in The Home Depot, Inc. $HD

Next Capital Management LLC increased its position in shares of The Home Depot, Inc. (NYSE:HD) by 7.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,993 shares of the home improvement retailer’s stock after purchasing an additional 139 shares during the period. Next Capital Management LLC’s holdings in Home Depot were worth $731,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Marion Wealth Management boosted its position in shares of Home Depot by 2.6% during the 2nd quarter. Marion Wealth Management now owns 6,716 shares of the home improvement retailer’s stock worth $2,462,000 after acquiring an additional 167 shares in the last quarter. Roffman Miller Associates Inc. PA raised its position in shares of Home Depot by 1.4% during the 2nd quarter. Roffman Miller Associates Inc. PA now owns 137,660 shares of the home improvement retailer’s stock worth $50,472,000 after acquiring an additional 1,905 shares in the last quarter. Bridgewater Advisors Inc. lifted its stake in Home Depot by 4.6% during the second quarter. Bridgewater Advisors Inc. now owns 6,499 shares of the home improvement retailer’s stock worth $2,452,000 after purchasing an additional 287 shares during the last quarter. Access Investment Management LLC purchased a new stake in Home Depot during the second quarter worth approximately $202,000. Finally, Wellington Shields Capital Management LLC boosted its holdings in Home Depot by 0.9% in the second quarter. Wellington Shields Capital Management LLC now owns 9,172 shares of the home improvement retailer’s stock valued at $3,363,000 after purchasing an additional 80 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on HD. DA Davidson reissued a “buy” rating and set a $450.00 price objective on shares of Home Depot in a report on Tuesday, August 19th. Wells Fargo & Company increased their target price on shares of Home Depot from $420.00 to $450.00 and gave the company an “overweight” rating in a research report on Wednesday, August 20th. Morgan Stanley boosted their price target on shares of Home Depot from $415.00 to $430.00 and gave the company an “overweight” rating in a research report on Wednesday, August 20th. Wolfe Research assumed coverage on shares of Home Depot in a research note on Thursday, September 18th. They issued an “outperform” rating and a $497.00 price objective for the company. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Home Depot in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and a consensus target price of $434.35.

Home Depot Stock Down 0.3%

Shares of NYSE:HD opened at $378.29 on Tuesday. 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 stock has a market cap of $376.55 billion, a P/E ratio of 25.70, a P/E/G ratio of 3.59 and a beta of 1.00. The firm has a fifty day moving average price of $399.96 and a 200 day moving average price of $381.04.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 EPS 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 analysts’ expectations of $45.43 billion. During the same period in the previous year, the company posted $4.60 earnings per share. Home Depot’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. Sell-side analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were given 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 presently 62.50%.

Insider Buying and Selling

In related news, EVP William D. Bastek sold 3,783 shares of Home Depot stock in a transaction on Friday, August 22nd. The shares were 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 $9,941,924.05. This trade represents a 13.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Angie Brown sold 1,000 shares of the business’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total transaction of $404,070.00. Following the completion of the transaction, the executive vice president directly owned 3,837 shares in the company, valued at $1,550,416.59. This represents a 20.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 48,835 shares of company stock worth $19,623,432. 0.10% of the stock is currently owned by insiders.

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.