Ashton Thomas Securities LLC Decreases Holdings in The Home Depot, Inc. $HD

Ashton Thomas Securities LLC lowered its stake in The Home Depot, Inc. (NYSE:HD) by 5.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,746 shares of the home improvement retailer’s stock after selling 224 shares during the period. Ashton Thomas Securities LLC’s holdings in Home Depot were worth $1,373,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HD. River Street Advisors LLC lifted its stake in shares of Home Depot by 1.1% in the 2nd quarter. River Street Advisors LLC now owns 3,836 shares of the home improvement retailer’s stock valued at $1,406,000 after purchasing an additional 42 shares during the last quarter. Abacus Planning Group Inc. lifted its position in Home Depot by 3.4% in the second quarter. Abacus Planning Group Inc. now owns 3,443 shares of the home improvement retailer’s stock worth $1,262,000 after buying an additional 114 shares during the last quarter. Trinity Legacy Partners LLC boosted its stake in Home Depot by 0.5% during the second quarter. Trinity Legacy Partners LLC now owns 11,434 shares of the home improvement retailer’s stock worth $4,087,000 after buying an additional 59 shares during the period. Hilltop National Bank purchased a new stake in shares of Home Depot in the second quarter valued at $937,000. Finally, Investment Planning Advisors Inc. purchased a new position in shares of Home Depot during the 2nd quarter worth about $204,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Trading Down 0.6%

NYSE HD opened at $394.56 on Friday. The company’s 50-day simple moving average is $402.24 and its two-hundred day simple moving average is $375.89. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $439.37. The company has a market capitalization of $392.74 billion, a price-to-earnings ratio of 26.80, a price-to-earnings-growth ratio of 3.76 and a beta of 1.00. 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 quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.69 by ($0.01). The business 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%. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the business earned $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Equities analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Robert W. Baird increased their price objective on shares of Home Depot from $425.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 20th. Mizuho raised their price target on Home Depot from $435.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 20th. Morgan Stanley increased their target price on Home Depot from $415.00 to $430.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 20th. Wells Fargo & Company upped their price target on shares of Home Depot from $420.00 to $450.00 and gave the stock an “overweight” rating in a report on Wednesday, August 20th. Finally, Stifel Nicolaus raised their price target on shares of Home Depot from $425.00 to $432.00 and gave the stock a “buy” rating in a research note on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and an average price target of $436.40.

Insiders Place Their Bets

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,483 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $413.23, for a total transaction of $2,265,740.09. Following the completion of the sale, the executive vice president directly owned 16,057 shares of the company’s stock, valued at approximately $6,635,234.11. This represents a 25.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Richard V. Mcphail sold 3,369 shares of Home Depot stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $403.66, for a total transaction of $1,359,930.54. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders sold a total of 48,835 shares of company stock valued at $19,623,432 in the last three months. 0.10% of the stock is currently owned by insiders.

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.