Tabor Asset Management LP Has $3.99 Million Holdings in The Home Depot, Inc. $HD

Tabor Asset Management LP lessened its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 32.2% during the 2nd quarter, HoldingsChannel reports. The fund owned 10,889 shares of the home improvement retailer’s stock after selling 5,172 shares during the period. Home Depot accounts for approximately 2.7% of Tabor Asset Management LP’s portfolio, making the stock its 17th biggest holding. Tabor Asset Management LP’s holdings in Home Depot were worth $3,992,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Nuveen LLC acquired a new position in Home Depot in the 1st quarter valued at approximately $2,076,592,000. Valeo Financial Advisors LLC boosted its stake in shares of Home Depot by 16,746.9% during the 2nd quarter. Valeo Financial Advisors LLC now owns 4,537,880 shares of the home improvement retailer’s stock valued at $1,663,768,000 after buying an additional 4,510,944 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of Home Depot by 19.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,253,292 shares of the home improvement retailer’s stock valued at $3,391,240,000 after acquiring an additional 1,494,261 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in shares of Home Depot in the second quarter worth $418,486,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Home Depot by 6.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 14,415,278 shares of the home improvement retailer’s stock worth $5,282,398,000 after acquiring an additional 891,326 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Activity at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 5,483 shares of the firm’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $413.23, for a total value of $2,265,740.09. Following the sale, the executive vice president directly owned 16,057 shares of the company’s stock, valued at approximately $6,635,234.11. This trade represents a 25.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Richard V. Mcphail sold 3,369 shares of Home Depot stock in a transaction dated Wednesday, August 20th. The stock was 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 owned 45,455 shares in the company, valued at $18,348,365.30. The trade was a 6.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 48,835 shares of company stock valued at $19,623,432. 0.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on HD shares. Robert W. Baird boosted their target price on Home Depot from $425.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, August 20th. Stifel Nicolaus boosted their price target on Home Depot from $425.00 to $432.00 and gave the company a “buy” rating in a research note on Monday, August 18th. DA Davidson reaffirmed a “buy” rating and set a $450.00 price objective on shares of Home Depot in a research report on Tuesday, August 19th. Oppenheimer lifted their target price on shares of Home Depot from $400.00 to $420.00 and gave the company a “market perform” rating in a research note on Thursday, September 25th. Finally, Wells Fargo & Company increased their price target on shares of Home Depot from $420.00 to $450.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $434.82.

Home Depot Stock Up 0.4%

Shares of Home Depot stock opened at $370.71 on Friday. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $439.37. The company has a quick ratio of 0.34, a current ratio of 1.15 and a debt-to-equity ratio of 4.31. The stock has a 50 day moving average price of $397.28 and a two-hundred day moving average price of $381.27. The stock has a market capitalization of $369.00 billion, a P/E ratio of 25.18, a PEG ratio of 3.59 and a beta of 1.00.

Home Depot (NYSE:HD) last issued its quarterly earnings data 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). The firm had revenue of $45.28 billion during the quarter, compared to analyst estimates of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.Home Depot’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Equities analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a yield of 2.5%. Home Depot’s payout ratio is currently 62.50%.

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.