Mitchell Capital Management Co. Reduces Stock Holdings in The Home Depot, Inc. $HD

Mitchell Capital Management Co. lowered its position in The Home Depot, Inc. (NYSE:HD) by 10.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,879 shares of the home improvement retailer’s stock after selling 1,809 shares during the quarter. Mitchell Capital Management Co.’s holdings in Home Depot were worth $5,348,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Mainstay Capital Management LLC ADV purchased a new position in shares of Home Depot in the second quarter valued at $263,000. Tower View Wealth Management LLC increased its position in shares of Home Depot by 4.3% in the second quarter. Tower View Wealth Management LLC now owns 16,196 shares of the home improvement retailer’s stock valued at $5,938,000 after buying an additional 671 shares in the last quarter. Ransom Advisory Ltd purchased a new position in shares of Home Depot in the first quarter valued at $3,851,000. Shell Asset Management Co. increased its position in shares of Home Depot by 45.2% in the second quarter. Shell Asset Management Co. now owns 48,175 shares of the home improvement retailer’s stock valued at $17,663,000 after buying an additional 15,002 shares in the last quarter. Finally, Financial Gravity Asset Management Inc. purchased a new position in shares of Home Depot in the first quarter valued at $406,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Telsey Advisory Group reaffirmed an “outperform” rating and set a $455.00 price objective on shares of Home Depot in a research note on Tuesday, August 19th. Wolfe Research assumed coverage on Home Depot in a research note on Thursday, September 18th. They set an “outperform” rating and a $497.00 price objective on the stock. Morgan Stanley increased their price objective on Home Depot from $415.00 to $430.00 and gave the company an “overweight” rating in a research note on Wednesday, August 20th. DA Davidson reaffirmed a “buy” rating and set a $450.00 price objective on shares of Home Depot in a research note on Tuesday, August 19th. Finally, Robert W. Baird increased their price objective on Home Depot from $425.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $435.42.

Insider Transactions at Home Depot

In other Home Depot news, CFO Richard V. Mcphail sold 3,369 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $403.66, for a total value of $1,359,930.54. Following the sale, the chief financial officer directly owned 45,455 shares of the company’s stock, valued at approximately $18,348,365.30. This trade represents a 6.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Angie Brown sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $404.07, for a total value of $404,070.00. Following the completion of the sale, the executive vice president directly owned 3,837 shares in the company, valued at approximately $1,550,416.59. The trade was a 20.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 48,835 shares of company stock worth $19,623,432 in the last quarter. 0.10% of the stock is currently owned by corporate insiders.

Home Depot Stock Down 0.5%

Shares of NYSE:HD opened at $375.86 on Monday. The stock’s 50-day moving average price is $403.54 and its two-hundred day moving average price is $377.30. The company has a current ratio of 1.15, a quick ratio of 0.34 and a debt-to-equity ratio of 4.31. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $439.37. The firm has a market cap of $374.13 billion, a price-to-earnings ratio of 25.53, a PEG ratio of 3.57 and a beta of 1.00.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (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 business had revenue of $45.28 billion during the quarter, compared to analyst estimates of $45.43 billion. During the same period in the previous year, the business posted $4.60 earnings per share. The firm’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, research analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Thursday, September 4th. Home Depot’s dividend payout ratio (DPR) is presently 62.50%.

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.