Optima Capital LLC Cuts Stock Position in The Home Depot, Inc. $HD

Optima Capital LLC lessened its stake in The Home Depot, Inc. (NYSE:HD) by 26.8% during the 1st quarter, Holdings Channel.com reports. The firm owned 1,730 shares of the home improvement retailer’s stock after selling 635 shares during the quarter. Optima Capital LLC’s holdings in Home Depot were worth $634,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Abound Financial LLC purchased a new stake in shares of Home Depot during the first quarter worth about $31,000. Iron Horse Wealth Management LLC grew its stake in Home Depot by 86.8% during the 1st quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer’s stock valued at $36,000 after purchasing an additional 46 shares during the last quarter. Compass Financial Services Inc purchased a new stake in Home Depot during the 1st quarter valued at about $41,000. Quest 10 Wealth Builders Inc. grew its stake in Home Depot by 35.7% during the 1st quarter. Quest 10 Wealth Builders Inc. now owns 114 shares of the home improvement retailer’s stock valued at $42,000 after purchasing an additional 30 shares during the last quarter. Finally, Spurstone Advisory Services LLC purchased a new stake in Home Depot during the 4th quarter valued at about $45,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HD has been the topic of several research analyst reports. Guggenheim reiterated a “buy” rating and set a $450.00 price target on shares of Home Depot in a research note on Wednesday, May 21st. Gordon Haskett boosted their price target on Home Depot from $350.00 to $360.00 in a research note on Tuesday, May 20th. Mizuho boosted their price target on Home Depot from $435.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, August 20th. TD Securities downgraded Home Depot to a “buy” rating in a research note on Monday, June 2nd. Finally, DA Davidson reiterated a “buy” rating and set a $450.00 price target 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 given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $432.52.

Insider Transactions at Home Depot

In related news, EVP Teresa Wynn Roseborough sold 5,483 shares of Home Depot stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $413.23, for a total value of $2,265,740.09. Following the completion of the transaction, the executive vice president owned 16,057 shares in the company, valued at $6,635,234.11. The trade was a 25.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Richard V. Mcphail sold 3,369 shares of the business’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $403.66, for a total value of $1,359,930.54. Following the completion of the sale, the chief financial officer owned 45,455 shares of the company’s stock, valued at $18,348,365.30. This trade represents a 6.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 46,532 shares of company stock worth $18,648,987 over the last quarter. Company insiders own 0.10% of the company’s stock.

Home Depot Stock Performance

NYSE HD opened at $423.37 on Friday. The stock has a 50-day simple moving average of $388.99 and a two-hundred day simple moving average of $372.26. The firm has a market capitalization of $421.42 billion, a P/E ratio of 28.76, a PEG ratio of 3.92 and a beta of 1.00. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $439.37. 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 released 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). Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The company had revenue of $45.28 billion for the quarter, compared to analysts’ expectations of $45.43 billion. During the same quarter in the previous year, the business posted $4.60 EPS. The business’s quarterly revenue was up 4.9% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, equities analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

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

Home Depot Company 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.