The Home Depot, Inc. $HD is Jupiter Wealth Management LLC’s 9th Largest Position

Jupiter Wealth Management LLC decreased its stake in The Home Depot, Inc. (NYSE:HD) by 12.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,810 shares of the home improvement retailer’s stock after selling 1,813 shares during the quarter. Home Depot makes up 3.1% of Jupiter Wealth Management LLC’s holdings, making the stock its 9th biggest position. Jupiter Wealth Management LLC’s holdings in Home Depot were worth $4,860,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of HD. Brighton Jones LLC raised its stake 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 during the last quarter. Bank Pictet & Cie Europe AG raised its position in shares of Home Depot by 4.9% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 12,204 shares of the home improvement retailer’s stock valued at $4,747,000 after buying an additional 565 shares during the last quarter. Lighthouse Investment Partners LLC acquired a new position in Home Depot during the fourth quarter worth about $2,549,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Home Depot by 1.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 167,004 shares of the home improvement retailer’s stock valued at $64,963,000 after acquiring an additional 2,543 shares in the last quarter. Finally, Napa Wealth Management raised its holdings in Home Depot by 937.9% in the 4th quarter. Napa Wealth Management now owns 5,397 shares of the home improvement retailer’s stock valued at $2,099,000 after acquiring an additional 4,877 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Evercore ISI set a $400.00 price target on Home Depot and gave the company an “outperform” rating in a report on Thursday, May 22nd. Sanford C. Bernstein restated a “market perform” rating and set a $398.00 price objective (up from $380.00) on shares of Home Depot in a research report on Wednesday, May 21st. Robert W. Baird boosted their target price on shares of Home Depot from $425.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, August 20th. DA Davidson restated a “buy” rating and set a $450.00 price target on shares of Home Depot in a report on Tuesday, August 19th. Finally, JPMorgan Chase & Co. lowered their price target on Home Depot from $460.00 to $452.00 and set an “overweight” rating for the company in a report on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and a consensus price target of $432.52.

Home Depot Price Performance

HD stock opened at $415.53 on Wednesday. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37. The business’s 50-day moving average is $387.12 and its two-hundred day moving average is $371.68. 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 firm has a market capitalization of $413.61 billion, a P/E ratio of 28.23, a P/E/G ratio of 3.98 and a beta of 1.00.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 EPS 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 analysts’ expectations of $45.43 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the prior year, the company posted $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be issued a $2.30 dividend. This represents a $9.20 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, September 4th. Home Depot’s payout ratio is presently 62.50%.

Insider Transactions at Home Depot

In other Home Depot news, EVP Angie Brown sold 1,000 shares of the stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total value of $404,070.00. Following the completion of the transaction, the executive vice president directly owned 3,837 shares of the company’s stock, valued at approximately $1,550,416.59. This trade represents a 20.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $413.23, for a total transaction of $2,265,740.09. Following the completion of the sale, the executive vice president owned 16,057 shares in the company, valued at $6,635,234.11. This represents a 25.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 46,532 shares of company stock worth $18,648,987. 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.