FORA Capital LLC Boosts Stock Position in The Home Depot, Inc. $HD

FORA Capital LLC lifted its position in shares of The Home Depot, Inc. (NYSE:HD) by 314.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,708 shares of the home improvement retailer’s stock after buying an additional 25,581 shares during the period. Home Depot comprises 1.4% of FORA Capital LLC’s investment portfolio, making the stock its 13th largest position. FORA Capital LLC’s holdings in Home Depot were worth $12,359,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of HD. Strategic Investment Advisors MI grew its position in Home Depot by 13.1% during the second quarter. Strategic Investment Advisors MI now owns 708 shares of the home improvement retailer’s stock valued at $259,000 after acquiring an additional 82 shares during the last quarter. High Falls Advisors Inc purchased a new stake in shares of Home Depot in the 2nd quarter valued at $216,000. Nikulski Financial Inc. boosted its stake in shares of Home Depot by 3.1% in the 2nd quarter. Nikulski Financial Inc. now owns 8,851 shares of the home improvement retailer’s stock valued at $3,245,000 after purchasing an additional 267 shares in the last quarter. MUFG Securities EMEA plc bought a new position in shares of Home Depot during the 2nd quarter valued at $28,575,000. Finally, Howland Capital Management LLC raised its position in Home Depot by 1.2% in the 2nd quarter. Howland Capital Management LLC now owns 8,115 shares of the home improvement retailer’s stock worth $2,975,000 after purchasing an additional 97 shares during the period. Institutional investors own 70.86% of the company’s stock.

Insider Activity at Home Depot

In other news, EVP Ann Marie Campbell sold 145 shares of Home Depot stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $358.26, for a total transaction of $51,947.70. Following the sale, the executive vice president owned 12,320 shares of the company’s stock, valued at approximately $4,413,763.20. The trade was a 1.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. BNP Paribas Exane upped their price target on shares of Home Depot from $353.00 to $355.00 and gave the company a “neutral” rating in a research report on Friday, December 5th. Sanford C. Bernstein reissued a “market perform” rating and issued a $362.00 target price on shares of Home Depot in a research note on Monday, November 24th. The Goldman Sachs Group restated a “buy” rating and set a $413.00 target price on shares of Home Depot in a report on Wednesday. Wall Street Zen lowered Home Depot from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. Finally, DZ Bank reiterated a “sell” rating on shares of Home Depot in a research report on Tuesday, November 18th. Twenty-one research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and an average price target of $401.17.

Home Depot Stock Up 0.6%

Shares of NYSE:HD opened at $359.52 on Friday. The stock’s 50-day moving average is $368.34 and its 200 day moving average is $379.29. The company has a market cap of $357.90 billion, a PE ratio of 24.51, a P/E/G ratio of 13.40 and a beta of 1.06. The company has a debt-to-equity ratio of 3.82, a current ratio of 1.05 and a quick ratio of 0.29. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $426.75.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share for the quarter, missing the consensus estimate of $3.83 by ($0.09). Home Depot had a return on equity of 160.74% and a net margin of 8.77%.The business had revenue of $41.35 billion during the quarter, compared to analysts’ expectations of $41.06 billion. During the same quarter last year, the business posted $3.78 EPS. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. Sell-side analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be issued a $2.30 dividend. The ex-dividend date is Thursday, December 4th. This represents a $9.20 annualized dividend and a yield of 2.6%. Home Depot’s dividend payout ratio is 62.71%.

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.