Shelton Capital Management Decreases Stake in The Home Depot, Inc. $HD

Shelton Capital Management cut its stake in shares of The Home Depot, Inc. (NYSE:HD) by 3.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 42,862 shares of the home improvement retailer’s stock after selling 1,520 shares during the quarter. Shelton Capital Management’s holdings in Home Depot were worth $15,715,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in HD. Bare Financial Services Inc grew its position in Home Depot by 100.0% during the second quarter. Bare Financial Services Inc now owns 164 shares of the home improvement retailer’s stock worth $60,000 after buying an additional 82 shares during the period. Hamel Associates Inc. increased its stake in Home Depot by 1.3% in the 2nd quarter. Hamel Associates Inc. now owns 11,429 shares of the home improvement retailer’s stock valued at $4,190,000 after purchasing an additional 149 shares in the last quarter. Bernardo Wealth Planning LLC raised its holdings in Home Depot by 4.8% during the second quarter. Bernardo Wealth Planning LLC now owns 807 shares of the home improvement retailer’s stock worth $296,000 after purchasing an additional 37 shares during the last quarter. Orleans Capital Management Corp LA boosted its position in Home Depot by 0.3% during the second quarter. Orleans Capital Management Corp LA now owns 14,676 shares of the home improvement retailer’s stock worth $5,381,000 after purchasing an additional 50 shares in the last quarter. Finally, First National Advisers LLC boosted its position in Home Depot by 0.9% during the second quarter. First National Advisers LLC now owns 12,765 shares of the home improvement retailer’s stock worth $4,681,000 after purchasing an additional 114 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on HD shares. BNP Paribas Exane cut their price target on Home Depot from $391.00 to $353.00 and set a “neutral” rating for the company in a research note on Wednesday, November 19th. Weiss Ratings restated a “buy (b-)” rating on shares of Home Depot in a research report on Tuesday, November 25th. Truist Financial set a $379.00 price objective on shares of Home Depot in a research note on Tuesday, November 18th. Telsey Advisory Group cut their target price on Home Depot from $455.00 to $430.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 19th. Finally, Jefferies Financial Group decreased their price objective on shares of Home Depot from $474.00 to $438.00 and set a “buy” rating for the company in a research note on Wednesday, November 19th. Twenty-two analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $404.60.

Home Depot Price Performance

Shares of NYSE HD opened at $356.98 on Monday. The company has a market capitalization of $355.37 billion, a price-to-earnings ratio of 24.25, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $436.36. The business has a 50 day simple moving average of $378.59 and a 200-day simple moving average of $380.64. The company has a current ratio of 1.15, a quick ratio of 0.34 and a debt-to-equity ratio of 4.31.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 EPS for the quarter, missing the consensus estimate of $3.83 by ($0.09). Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The business had revenue of $41.35 billion during the quarter, compared to analyst estimates of $41.06 billion. During the same period last year, the firm posted $3.78 earnings per share. The company’s quarterly revenue was up 2.8% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. As a group, equities research analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be given a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Thursday, December 4th. Home Depot’s payout ratio is 62.71%.

Insider Activity at Home Depot

In related news, EVP William D. Bastek sold 2,303 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $423.12, for a total transaction of $974,445.36. Following the sale, the executive vice president owned 24,235 shares of the company’s stock, valued at $10,254,313.20. The trade was a 8.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.10% of the stock is owned by corporate 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.