Oak Harvest Investment Services Has $11.88 Million Position in The Home Depot, Inc. $HD

Oak Harvest Investment Services grew its stake in The Home Depot, Inc. (NYSE:HD) by 4.4% in the 2nd quarter, Holdings Channel.com reports. The fund owned 32,398 shares of the home improvement retailer’s stock after purchasing an additional 1,352 shares during the quarter. Home Depot makes up 1.5% of Oak Harvest Investment Services’ holdings, making the stock its 18th largest holding. Oak Harvest Investment Services’ holdings in Home Depot were worth $11,878,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on HD shares. JPMorgan Chase & Co. cut their price objective on Home Depot from $452.00 to $444.00 and set an “overweight” rating for the company in a research report on Monday. Robert W. Baird upped their target price on Home Depot from $425.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, August 20th. Wells Fargo & Company lowered their target price on Home Depot from $450.00 to $435.00 and set an “overweight” rating on the stock in a research note on Tuesday. Mizuho boosted their price target 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, Oppenheimer increased their price objective on Home Depot from $400.00 to $420.00 and gave the stock a “market perform” rating in a research report on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $433.00.

Insider Buying and Selling at Home Depot

In other news, CEO Edward P. Decker sold 32,897 shares of the company’s stock in a transaction that occurred 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 owned 122,425 shares of the company’s stock, valued at approximately $48,629,658.50. This represents a 21.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP William D. Bastek sold 2,303 shares of the stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $423.12, for a total transaction of $974,445.36. Following the sale, the executive vice president owned 24,235 shares in the company, valued at $10,254,313.20. This represents a 8.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 48,835 shares of company stock valued at $19,623,432 over the last three months. 0.10% of the stock is owned by insiders.

Home Depot Trading Down 0.9%

Shares of HD stock opened at $367.70 on Friday. The stock has a market cap of $366.00 billion, a P/E ratio of 24.98, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37. The company has a current ratio of 1.15, a quick ratio of 0.34 and a debt-to-equity ratio of 4.31. The stock has a 50 day simple moving average of $394.28 and a 200 day simple moving average of $381.65.

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

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were paid a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Thursday, September 4th. Home Depot’s payout ratio is 62.50%.

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.