Pure Financial Advisors LLC Increases Stake in The Home Depot, Inc. $HD

Pure Financial Advisors LLC increased its holdings in The Home Depot, Inc. (NYSE:HD) by 28.7% in the second quarter, Holdings Channel.com reports. The firm owned 15,048 shares of the home improvement retailer’s stock after acquiring an additional 3,357 shares during the period. Pure Financial Advisors LLC’s holdings in Home Depot were worth $5,517,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in 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 valued at $10,471,000 after buying an additional 7,203 shares during the period. Apella Capital LLC boosted its position in Home Depot by 9.9% during the 1st quarter. Apella Capital LLC now owns 6,225 shares of the home improvement retailer’s stock valued at $2,212,000 after buying an additional 561 shares during the period. Strategic Planning Group LLC boosted its position in Home Depot by 20.0% during the 1st quarter. Strategic Planning Group LLC now owns 8,687 shares of the home improvement retailer’s stock valued at $3,184,000 after buying an additional 1,447 shares during the period. Lakeshore Capital Group Inc. boosted its position in Home Depot by 1.8% during the 1st quarter. Lakeshore Capital Group Inc. now owns 1,721 shares of the home improvement retailer’s stock valued at $631,000 after buying an additional 31 shares during the period. Finally, Brave Asset Management Inc. boosted its position in Home Depot by 3.6% during the 1st quarter. Brave Asset Management Inc. now owns 2,074 shares of the home improvement retailer’s stock valued at $760,000 after buying an additional 73 shares during the period. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analyst Ratings Changes

HD has been the subject of several analyst reports. Wolfe Research initiated coverage on shares of Home Depot in a research report on Thursday, September 18th. They set an “outperform” rating and a $497.00 price target for the company. Telsey Advisory Group reissued an “outperform” rating and set a $455.00 price target on shares of Home Depot in a research report on Tuesday, August 19th. Stifel Nicolaus raised their target price on shares of Home Depot from $425.00 to $432.00 and gave the stock a “buy” rating in a research report on Monday, August 18th. DA Davidson reaffirmed a “buy” rating and issued a $450.00 target price on shares of Home Depot in a research report on Tuesday, August 19th. Finally, Oppenheimer raised their target price on shares of 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, nineteen have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $436.40.

Home Depot Stock Down 1.9%

Shares of Home Depot stock opened at $397.46 on Thursday. 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 company has a 50-day moving average of $401.81 and a 200 day moving average of $375.61. The firm has a market cap of $395.63 billion, a price-to-earnings ratio of 27.00, a PEG ratio of 3.84 and a beta of 1.01. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.69 by ($0.01). The business had revenue of $45.28 billion during the quarter, compared to the consensus estimate of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The firm’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, sell-side analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal 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 paid a $2.30 dividend. This represents a $9.20 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Thursday, September 4th. Home Depot’s dividend payout ratio (DPR) is presently 62.50%.

Insider Buying and Selling

In related news, CFO Richard V. Mcphail sold 3,369 shares of the stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $403.66, for a total value of $1,359,930.54. Following the completion of the transaction, the chief financial officer directly owned 45,455 shares in the company, valued at $18,348,365.30. This trade represents a 6.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $413.23, for a total transaction of $2,265,740.09. Following the completion of the transaction, the executive vice president owned 16,057 shares of the company’s stock, valued at approximately $6,635,234.11. The trade was a 25.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 48,835 shares of company stock worth $19,623,432 over the last 90 days. 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.