Frisch Financial Group Inc. Cuts Stock Position in The Home Depot, Inc. $HD

Frisch Financial Group Inc. cut its stake in shares of The Home Depot, Inc. (NYSE:HD) by 2.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,727 shares of the home improvement retailer’s stock after selling 190 shares during the quarter. Home Depot makes up approximately 0.7% of Frisch Financial Group Inc.’s portfolio, making the stock its 29th biggest position. Frisch Financial Group Inc.’s holdings in Home Depot were worth $2,466,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Financial Gravity Asset Management Inc. acquired a new stake in shares of Home Depot in the first quarter valued at approximately $406,000. Wealth Management Partners LLC raised its position in Home Depot by 0.6% in the first quarter. Wealth Management Partners LLC now owns 6,506 shares of the home improvement retailer’s stock worth $2,384,000 after acquiring an additional 36 shares in the last quarter. Arbor Capital Management Inc. ADV increased its position in shares of Home Depot by 4.8% in the first quarter. Arbor Capital Management Inc. ADV now owns 4,784 shares of the home improvement retailer’s stock valued at $1,757,000 after buying an additional 221 shares in the last quarter. ARS Wealth Advisors Group LLC increased its position in shares of Home Depot by 0.8% in the first quarter. ARS Wealth Advisors Group LLC now owns 31,728 shares of the home improvement retailer’s stock valued at $11,628,000 after buying an additional 239 shares in the last quarter. Finally, Tabor Asset Management LP purchased a new position in shares of Home Depot in the first quarter valued at $5,886,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 5,406 shares of Home Depot stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $369.28, for a total value of $1,996,327.68. Following the sale, the executive vice president owned 17,367 shares in the company, valued at $6,413,285.76. This trade represents a 23.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Fahim Siddiqui sold 2,600 shares of Home Depot stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total transaction of $954,564.00. Following the completion of the sale, the executive vice president owned 7,951 shares in the company, valued at approximately $2,919,130.14. This trade represents a 24.64% decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

HD has been the topic of a number of analyst reports. Morgan Stanley reaffirmed an “overweight” rating and set a $415.00 price objective (up previously from $410.00) on shares of Home Depot in a research note on Tuesday, May 20th. TD Securities downgraded Home Depot to a “buy” rating in a report on Monday, June 2nd. Gordon Haskett lifted their price objective on Home Depot from $350.00 to $360.00 in a report on Tuesday, May 20th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $398.00 target price (up previously from $380.00) on shares of Home Depot in a research report on Wednesday, May 21st. Finally, Stifel Nicolaus boosted their price objective on Home Depot from $425.00 to $432.00 and gave the company a “buy” rating in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $427.76.

Home Depot Trading Up 2.9%

NYSE:HD opened at $406.2230 on Wednesday. The firm has a 50 day moving average of $371.82 and a 200 day moving average of $371.43. The stock has a market capitalization of $404.16 billion, a price-to-earnings ratio of 27.56, a PEG ratio of 3.75 and a beta of 1.00. 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 0.28, a current ratio of 1.09 and a debt-to-equity ratio of 5.95.

Home Depot (NYSE:HD) last posted 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). The company had revenue of $45.28 billion during the quarter, compared to analysts’ expectations of $45.43 billion. Home Depot had a return on equity of 242.51% and a net margin of 8.98%.The company’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the business posted $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, sell-side analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were given a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a yield of 2.3%. The ex-dividend date was Thursday, June 5th. Home Depot’s dividend payout ratio (DPR) is currently 62.42%.

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.