Sage Mountain Advisors LLC Boosts Holdings in The Home Depot, Inc. $HD

Sage Mountain Advisors LLC increased its holdings in The Home Depot, Inc. (NYSE:HD) by 8.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,872 shares of the home improvement retailer’s stock after acquiring an additional 730 shares during the quarter. Sage Mountain Advisors LLC’s holdings in Home Depot were worth $3,619,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of HD. Nuveen LLC acquired a new position in shares of Home Depot in the 1st quarter valued at $2,076,592,000. Valeo Financial Advisors LLC increased its holdings in shares of Home Depot by 16,746.9% in 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 acquiring an additional 4,510,944 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of Home Depot by 19.3% in 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 during the period. Kingstone Capital Partners Texas LLC acquired a new position in shares of Home Depot in the 2nd quarter valued at $418,486,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Home Depot by 6.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 14,415,278 shares of the home improvement retailer’s stock valued at $5,282,398,000 after acquiring an additional 891,326 shares during the period. 70.86% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 5,483 shares of Home Depot stock in a transaction on 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 $6,635,234.11. The trade was a 25.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Angie Brown sold 1,000 shares of the business’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total transaction 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 $1,550,416.59. The trade was a 20.67% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 48,835 shares of company stock worth $19,623,432. Insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on HD shares. Wolfe Research started coverage on shares of Home Depot in a research report on Thursday, September 18th. They issued an “outperform” rating and a $497.00 price objective on the stock. DA Davidson reiterated a “buy” rating and issued a $450.00 price objective on shares of Home Depot in a research report on Tuesday, August 19th. Oppenheimer lifted their price objective on shares of Home Depot from $400.00 to $420.00 and gave the company a “market perform” rating in a research report on Thursday, September 25th. Mizuho lifted their price objective on shares of Home Depot from $435.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, August 20th. Finally, Truist Financial lifted their price objective on shares of Home Depot from $417.00 to $433.00 and gave the company a “buy” rating in a research report on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Home Depot has an average rating of “Moderate Buy” and a consensus price target of $435.42.

Home Depot Price Performance

Shares of NYSE HD opened at $386.83 on Friday. The firm has a market capitalization of $385.04 billion, a P/E ratio of 26.28, a PEG ratio of 3.65 and a beta of 1.00. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $439.37. The company’s fifty day moving average is $402.68 and its two-hundred day moving average is $379.19. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 EPS for the quarter, missing the consensus estimate 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 return on equity of 193.99% and a net margin of 8.86%.Home Depot’s revenue for the quarter was up 4.9% on a year-over-year basis. 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. Analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were paid a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Thursday, September 4th. Home Depot’s payout ratio is 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.