The Home Depot, Inc. $HD Shares Purchased by Renasant Bank

Renasant Bank increased its stake in shares of The Home Depot, Inc. (NYSE:HD) by 6.1% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 3,290 shares of the home improvement retailer’s stock after acquiring an additional 188 shares during the period. Renasant Bank’s holdings in Home Depot were worth $1,206,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC boosted its holdings in Home Depot by 36.5% in the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock valued at $10,471,000 after purchasing an additional 7,203 shares in the last quarter. Edgestream Partners L.P. grew its holdings in Home Depot by 2.2% in the first quarter. Edgestream Partners L.P. now owns 3,155 shares of the home improvement retailer’s stock valued at $1,156,000 after purchasing an additional 69 shares during the last quarter. Apollon Financial LLC increased its holdings in Home Depot by 20.0% during the 1st quarter. Apollon Financial LLC now owns 1,147 shares of the home improvement retailer’s stock valued at $420,000 after acquiring an additional 191 shares in the last quarter. Grey Fox Wealth Advisors LLC raised its position in Home Depot by 5.9% during the first quarter. Grey Fox Wealth Advisors LLC now owns 1,313 shares of the home improvement retailer’s stock worth $481,000 after acquiring an additional 73 shares during the last quarter. Finally, Hager Investment Management Services LLC raised its position in Home Depot by 0.7% during the first quarter. Hager Investment Management Services LLC now owns 6,889 shares of the home improvement retailer’s stock worth $2,525,000 after acquiring an additional 51 shares during the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Trading Up 1.0%

Shares of HD opened at $374.29 on Wednesday. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37. The firm has a market capitalization of $372.56 billion, a P/E ratio of 25.43, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00. 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’s fifty day simple moving average is $395.90 and its 200 day simple moving average is $381.83.

Home Depot (NYSE:HD) last posted 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 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 last year, the firm posted $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, equities research analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors 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 2.5%. The ex-dividend date of this dividend was Thursday, September 4th. Home Depot’s dividend payout ratio is 62.50%.

Insider Transactions at Home Depot

In other Home Depot news, CEO Edward P. Decker sold 32,897 shares of Home Depot 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 transaction, the chief executive officer directly owned 122,425 shares of the company’s stock, valued at $48,629,658.50. The trade was a 21.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP William D. Bastek sold 3,783 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $410.23, for a total transaction of $1,551,900.09. Following the sale, the executive vice president owned 24,235 shares of the company’s stock, valued at approximately $9,941,924.05. This represents a 13.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 48,835 shares of company stock valued at $19,623,432 in the last three months. 0.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Morgan Stanley increased 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 initiated coverage on Home Depot in a research report on Thursday, September 18th. They set an “outperform” rating and a $497.00 price target for the company. DA Davidson restated a “buy” rating and issued a $450.00 price objective on shares of Home Depot in a research report on Tuesday, August 19th. JPMorgan Chase & Co. decreased their price objective on Home Depot from $452.00 to $444.00 and set an “overweight” rating on the stock in a research note on Monday. Finally, Oppenheimer lifted 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, seventeen have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $433.77.

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.