Home Depot Gains Traction with CFO4Life Stake
CFO4Life Group LLC has acquired a new stake in shares of The Home Depot, Inc. (NYSE:HD) during the second quarter, according to its most recent Form 13F filing with the SEC.
The institutional investor purchased 24,383 shares of the home improvement retailer's stock, valued at approximately $8.6 million. This represents about 1.2% of CFO4Life Group LLC's investment portfolio, making The Home Depot its 19th largest position.
Other institutional investors have also made changes to their positions in the company. Curio Wealth LLC increased its stake in Home Depot by 13.5% during the fourth quarter, while Moneco Advisors LLC boosted its position in shares of Home Depot by 0.3% during the same period.
The Home Depot reported fiscal second-quarter sales of $47.86 billion, up 5.7% year over year and its strongest comparable-sales growth since 2022. Adjusted earnings of $4.92 per share exceeded the $4.73 analyst consensus, reinforcing the view that the retailer's turnaround is gaining traction.