Wheelhouse Advisory Group LLC trimmed its stake in The Home Depot, Inc. (NYSE:HD – Free Report) by 5.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,158 shares of the home improvement retailer’s stock after selling 64 shares during the period. Wheelhouse Advisory Group LLC’s holdings in Home Depot were worth $425,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in HD. Brighton Jones LLC increased its position in Home Depot by 36.5% during the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock valued at $10,471,000 after buying an additional 7,203 shares in the last quarter. Wedge Capital Management L L P NC increased its position in Home Depot by 4.1% during the 1st quarter. Wedge Capital Management L L P NC now owns 1,698 shares of the home improvement retailer’s stock valued at $622,000 after buying an additional 67 shares in the last quarter. NewSquare Capital LLC increased its position in Home Depot by 181.4% during the 1st quarter. NewSquare Capital LLC now owns 287 shares of the home improvement retailer’s stock valued at $105,000 after buying an additional 185 shares in the last quarter. Pallas Capital Advisors LLC increased its position in Home Depot by 2.9% during the 1st quarter. Pallas Capital Advisors LLC now owns 2,416 shares of the home improvement retailer’s stock valued at $885,000 after buying an additional 69 shares in the last quarter. Finally, Harbor Capital Advisors Inc. acquired a new position in Home Depot during the 1st quarter valued at about $13,856,000. 70.86% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on the company. Robert W. Baird upped their target price on Home Depot from $425.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, August 20th. Oppenheimer upped their target price on Home Depot from $400.00 to $420.00 and gave the company a “market perform” rating in a research report on Thursday, September 25th. Wells Fargo & Company boosted their price target on Home Depot from $420.00 to $450.00 and gave the company an “overweight” rating in a research note on Wednesday, August 20th. JPMorgan Chase & Co. dropped their price target on Home Depot from $460.00 to $452.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 20th. Finally, Stifel Nicolaus boosted their price target on Home Depot from $425.00 to $432.00 and gave the company a “buy” rating in a research note on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $436.40.
Home Depot Stock Down 0.6%
Shares of HD opened at $386.84 on Wednesday. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $439.37. The company has a quick ratio of 0.34, a current ratio of 1.15 and a debt-to-equity ratio of 4.31. The company has a market capitalization of $385.06 billion, a price-to-earnings ratio of 26.28, a PEG ratio of 3.69 and a beta of 1.00. The stock’s 50-day moving average price is $403.07 and its 200-day moving average price is $376.85.
Home Depot (NYSE:HD – Get Free Report) last issued its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 EPS for the quarter, missing analysts’ consensus estimates of $4.69 by ($0.01). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The company had revenue of $45.28 billion during the quarter, compared to analysts’ expectations of $45.43 billion. During the same quarter in the previous year, the company earned $4.60 EPS. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, sell-side analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current year.
Home Depot Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were paid a $2.30 dividend. The ex-dividend date was Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.4%. Home Depot’s dividend payout ratio is presently 62.50%.
Insider Transactions at Home Depot
In other news, EVP William D. Bastek sold 2,303 shares of the company’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $423.12, for a total value of $974,445.36. Following the sale, the executive vice president owned 24,235 shares in the company, valued at $10,254,313.20. This represents a 8.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the company’s 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 sale, 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 48,835 shares of company stock valued at $19,623,432. 0.10% of the stock is owned by insiders.
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.
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