Alexis Investment Partners LLC Has $1.06 Million Holdings in The Home Depot, Inc. $HD

Alexis Investment Partners LLC cut its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 15.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,879 shares of the home improvement retailer’s stock after selling 543 shares during the quarter. Alexis Investment Partners LLC’s holdings in Home Depot were worth $1,060,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Princeton Global Asset Management LLC boosted its position in Home Depot by 2.6% during the 2nd quarter. Princeton Global Asset Management LLC now owns 11,275 shares of the home improvement retailer’s stock worth $4,134,000 after acquiring an additional 288 shares during the period. Schnieders Capital Management LLC boosted its position in Home Depot by 14.1% during the 2nd quarter. Schnieders Capital Management LLC now owns 11,587 shares of the home improvement retailer’s stock worth $4,248,000 after acquiring an additional 1,433 shares during the period. Alan B Lancz & Associates Inc. boosted its position in Home Depot by 3.3% during the 2nd quarter. Alan B Lancz & Associates Inc. now owns 1,550 shares of the home improvement retailer’s stock worth $568,000 after acquiring an additional 50 shares during the period. Orin Green Financial LLC acquired a new stake in shares of Home Depot during the 2nd quarter valued at about $204,000. Finally, Lyell Wealth Management LP lifted its holdings in shares of Home Depot by 1.4% during the 2nd quarter. Lyell Wealth Management LP now owns 45,026 shares of the home improvement retailer’s stock valued at $16,508,000 after buying an additional 630 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Wolfe Research assumed coverage on Home Depot in a report on Thursday, September 18th. They set an “outperform” rating and a $497.00 price target for the company. Wells Fargo & Company lifted their price target on Home Depot from $420.00 to $450.00 and gave the company an “overweight” rating in a report on Wednesday, August 20th. JPMorgan Chase & Co. reduced their price target on Home Depot from $460.00 to $452.00 and set an “overweight” rating for the company in a report on Wednesday, August 20th. Stifel Nicolaus lifted their price target on Home Depot from $425.00 to $432.00 and gave the company a “buy” rating in a report on Monday, August 18th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Home Depot in a report on Wednesday, October 8th. One 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $435.42.

Home Depot Stock Up 1.1%

Shares of HD stock opened at $391.79 on Monday. The stock’s 50 day simple moving average is $403.70 and its 200 day simple moving average is $378.12. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37. The company has a market capitalization of $389.98 billion, a price-to-earnings ratio of 26.62, a PEG ratio of 3.72 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 EPS for the quarter, missing the consensus estimate of $4.69 by ($0.01). The business had revenue of $45.28 billion during the quarter, compared to the consensus estimate of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm earned $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, research analysts predict 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 given a $2.30 dividend. This represents a $9.20 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Thursday, September 4th. Home Depot’s payout ratio is currently 62.50%.

Insider Buying and Selling

In other news, EVP Angie Brown sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $404.07, for a total transaction of $404,070.00. Following 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $413.23, for a total value of $2,265,740.09. Following the sale, the executive vice president owned 16,057 shares in the company, valued at approximately $6,635,234.11. This represents a 25.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 48,835 shares of company stock worth $19,623,432. 0.10% of the stock is currently owned by company insiders.

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.