Victrix Investment Advisors Increases Holdings in The Home Depot, Inc. $HD

Victrix Investment Advisors lifted its position in The Home Depot, Inc. (NYSE:HD) by 8.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,896 shares of the home improvement retailer’s stock after purchasing an additional 803 shares during the period. Home Depot accounts for about 1.8% of Victrix Investment Advisors’ investment portfolio, making the stock its 21st biggest position. Victrix Investment Advisors’ holdings in Home Depot were worth $3,995,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the company. PBMares Wealth Management LLC boosted its holdings in shares of Home Depot by 1.2% in the second quarter. PBMares Wealth Management LLC now owns 3,719 shares of the home improvement retailer’s stock valued at $1,363,000 after purchasing an additional 44 shares during the period. Requisite Capital Management LLC purchased a new stake in shares of Home Depot in the second quarter valued at approximately $207,000. Liberty Capital Management Inc. boosted its holdings in shares of Home Depot by 1.3% in the second quarter. Liberty Capital Management Inc. now owns 23,259 shares of the home improvement retailer’s stock valued at $8,528,000 after purchasing an additional 292 shares during the period. Alley Investment Management Company LLC boosted its holdings in shares of Home Depot by 0.5% in the second quarter. Alley Investment Management Company LLC now owns 54,154 shares of the home improvement retailer’s stock valued at $19,855,000 after purchasing an additional 251 shares during the period. Finally, Emerald Advisors LLC boosted its holdings in shares of Home Depot by 5.6% in the second quarter. Emerald Advisors LLC now owns 4,035 shares of the home improvement retailer’s stock valued at $1,479,000 after purchasing an additional 215 shares during the period. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Buying and Selling

In other Home Depot news, EVP William D. Bastek sold 2,303 shares of the company’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $423.12, for a total value of $974,445.36. Following the sale, the executive vice president directly owned 24,235 shares of the company’s stock, valued at approximately $10,254,313.20. This represents a 8.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Richard V. Mcphail sold 3,369 shares of the company’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $403.66, for a total transaction of $1,359,930.54. Following the completion of the sale, the chief financial officer directly owned 45,455 shares in the company, valued at approximately $18,348,365.30. The trade was a 6.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 48,835 shares of company stock valued at $19,623,432 in the last 90 days. 0.10% of the stock is currently owned by insiders.

Home Depot Price Performance

Shares of HD opened at $405.25 on Wednesday. The firm has a market capitalization of $403.38 billion, a PE ratio of 27.53, a price-to-earnings-growth ratio of 3.86 and a beta of 1.00. 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 Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37. The company’s fifty day moving average price is $401.39 and its 200-day moving average price is $375.46.

Home Depot (NYSE:HD) last announced 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 company 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 quarterly revenue was up 4.9% compared to the same quarter last year. During the same period last year, the firm earned $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, equities research analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were issued a $2.30 dividend. This represents a $9.20 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Thursday, September 4th. Home Depot’s dividend payout ratio is presently 62.50%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on HD shares. DA Davidson reiterated a “buy” rating and issued a $450.00 price target on shares of Home Depot in a report on Tuesday, August 19th. JPMorgan Chase & Co. reduced their price objective on shares of Home Depot from $460.00 to $452.00 and set an “overweight” rating for the company in a research note on Wednesday, August 20th. Wells Fargo & Company boosted their price objective 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. Wolfe Research initiated coverage on shares of Home Depot in a research note on Thursday, September 18th. They issued an “outperform” rating and a $497.00 price objective for the company. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $455.00 price objective on shares of Home Depot in a research note on Tuesday, August 19th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and a consensus price target of $436.40.

About Home Depot

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.