Opinicus Capital Inc. Increases Position in The Home Depot, Inc. $HD

Opinicus Capital Inc. increased its stake in shares of The Home Depot, Inc. (NYSE:HD) by 5.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,019 shares of the home improvement retailer’s stock after purchasing an additional 237 shares during the quarter. Home Depot makes up 1.4% of Opinicus Capital Inc.’s holdings, making the stock its 18th largest position. Opinicus Capital Inc.’s holdings in Home Depot were worth $1,840,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Centerpoint Advisory Group grew its position in shares of Home Depot by 0.8% in the 2nd quarter. Centerpoint Advisory Group now owns 3,163 shares of the home improvement retailer’s stock worth $1,160,000 after buying an additional 26 shares during the last quarter. Disciplined Investors L.L.C. grew its holdings in Home Depot by 2.3% in the second quarter. Disciplined Investors L.L.C. now owns 1,178 shares of the home improvement retailer’s stock worth $432,000 after purchasing an additional 26 shares during the last quarter. Brio Consultants LLC lifted its holdings in shares of Home Depot by 4.7% during the 2nd quarter. Brio Consultants LLC now owns 574 shares of the home improvement retailer’s stock valued at $210,000 after purchasing an additional 26 shares during the last quarter. Client 1ST Advisory Group LLC lifted its holdings in shares of Home Depot by 1.5% during the 1st quarter. Client 1ST Advisory Group LLC now owns 1,878 shares of the home improvement retailer’s stock valued at $688,000 after purchasing an additional 27 shares during the last quarter. Finally, Firethorn Wealth Partners LLC grew its stake in Home Depot by 1.5% during the 2nd quarter. Firethorn Wealth Partners LLC now owns 1,875 shares of the home improvement retailer’s stock worth $687,000 after buying an additional 28 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Buying and Selling at Home Depot

In other Home Depot news, 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 completion of the transaction, the chief financial officer owned 45,455 shares of the company’s stock, valued at $18,348,365.30. This represents a 6.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Edward P. Decker sold 32,897 shares of the firm’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 value of $13,067,346.34. Following the completion of the transaction, the chief executive officer owned 122,425 shares in the company, valued at approximately $48,629,658.50. This trade represents a 21.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 48,835 shares of company stock valued at $19,623,432. Corporate insiders own 0.10% of the company’s stock.

Home Depot Trading Down 1.6%

Shares of NYSE:HD opened at $362.08 on Friday. 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 12-month low of $326.31 and a 12-month high of $439.37. The business has a 50 day moving average of $393.15 and a two-hundred day moving average of $381.69. The company has a market capitalization of $360.41 billion, a PE ratio of 24.60, a PEG ratio of 3.59 and a beta of 1.00.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.69 by ($0.01). The firm had revenue of $45.28 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period last year, the company posted $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current 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 issued a $2.30 dividend. This represents a $9.20 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Thursday, September 4th. Home Depot’s payout ratio is presently 62.50%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on HD. Wolfe Research began coverage on Home Depot in a report on Thursday, September 18th. They issued an “outperform” rating and a $497.00 price target for the company. Sanford C. Bernstein increased their price objective on shares of Home Depot from $403.00 to $406.00 and gave the company a “market perform” rating in a research report on Friday, November 7th. Telsey Advisory Group restated an “outperform” rating and set a $455.00 price target on shares of Home Depot in a research note on Thursday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Home Depot in a research note on Thursday. Finally, Truist Financial cut their target price on Home Depot from $454.00 to $421.00 and set a “buy” rating on the stock in a research report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus target price of $429.33.

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.