The Home Depot, Inc. $HD Shares Sold by Invst LLC

Invst LLC decreased its holdings in The Home Depot, Inc. (NYSE:HD) by 26.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,925 shares of the home improvement retailer’s stock after selling 1,813 shares during the period. Invst LLC’s holdings in Home Depot were worth $1,805,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Modern Wealth Management LLC raised its holdings in Home Depot by 2.9% in the 1st quarter. Modern Wealth Management LLC now owns 14,537 shares of the home improvement retailer’s stock valued at $5,328,000 after acquiring an additional 409 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in Home Depot by 32.4% in the 1st quarter. Jones Financial Companies Lllp now owns 117,570 shares of the home improvement retailer’s stock valued at $42,176,000 after acquiring an additional 28,755 shares during the last quarter. Silicon Valley Capital Partners raised its holdings in Home Depot by 38.3% in the 1st quarter. Silicon Valley Capital Partners now owns 32,812 shares of the home improvement retailer’s stock valued at $11,752,000 after acquiring an additional 9,094 shares during the last quarter. Strs Ohio acquired a new stake in Home Depot in the 1st quarter valued at about $134,114,000. Finally, Jacobi Capital Management LLC raised its holdings in Home Depot by 4.5% in the 1st quarter. Jacobi Capital Management LLC now owns 8,752 shares of the home improvement retailer’s stock valued at $3,207,000 after acquiring an additional 378 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Performance

NYSE:HD opened at $423.37 on Friday. 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 stock has a market capitalization of $421.42 billion, a P/E ratio of 28.76, a PEG ratio of 3.92 and a beta of 1.00. The company has a 50 day moving average price of $388.99 and a 200 day moving average price of $372.26. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $439.37.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share for the quarter, missing analysts’ consensus estimates of $4.69 by ($0.01). The company had revenue of $45.28 billion for the quarter, compared to analysts’ expectations of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The business’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the previous year, the business posted $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Equities research analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be given a dividend of $2.30 per share. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.2%. Home Depot’s dividend payout ratio (DPR) is presently 62.50%.

Insider Activity

In related news, EVP Angie Brown sold 1,000 shares of the stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total transaction of $404,070.00. Following the completion of the transaction, the executive vice president owned 3,837 shares of the company’s stock, valued at approximately $1,550,416.59. This trade represents a 20.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $413.23, for a total transaction of $2,265,740.09. Following the transaction, the executive vice president directly owned 16,057 shares of the company’s stock, 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. Insiders have sold a total of 46,532 shares of company stock worth $18,648,987 in the last three months. 0.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on HD shares. Robert W. Baird increased their price objective on shares of Home Depot from $425.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, August 20th. Jefferies Financial Group cut their price target on shares of Home Depot from $461.00 to $456.00 in a report on Tuesday, May 20th. TD Securities downgraded shares of Home Depot to a “buy” rating in a report on Monday, June 2nd. DA Davidson restated a “buy” rating and set a $450.00 price target on shares of Home Depot in a report on Tuesday, August 19th. Finally, JPMorgan Chase & Co. cut their price target on shares of Home Depot from $460.00 to $452.00 and set an “overweight” rating for the company in a report on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $432.52.

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.