The Home Depot, Inc. $HD Shares Sold by Exchange Capital Management Inc.

Exchange Capital Management Inc. decreased its position in The Home Depot, Inc. (NYSE:HD) by 1.7% in the 2nd quarter, Holdings Channel reports. The fund owned 13,948 shares of the home improvement retailer’s stock after selling 243 shares during the period. Exchange Capital Management Inc.’s holdings in Home Depot were worth $5,114,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in HD. Brighton Jones LLC grew its stake in shares of Home Depot by 36.5% during the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock valued at $10,471,000 after acquiring an additional 7,203 shares in the last quarter. Sendero Wealth Management LLC purchased a new stake in Home Depot during the 1st quarter worth approximately $221,000. Clare Market Investments LLC raised its position in shares of Home Depot by 41.4% in the 1st quarter. Clare Market Investments LLC now owns 1,715 shares of the home improvement retailer’s stock valued at $629,000 after purchasing an additional 502 shares in the last quarter. Lifestyle Asset Management Inc. boosted its stake in shares of Home Depot by 10.5% during the 1st quarter. Lifestyle Asset Management Inc. now owns 1,017 shares of the home improvement retailer’s stock valued at $373,000 after buying an additional 97 shares during the last quarter. Finally, Warren Street Wealth Advisors LLC grew its position in shares of Home Depot by 3.5% during the first quarter. Warren Street Wealth Advisors LLC now owns 1,206 shares of the home improvement retailer’s stock worth $442,000 after buying an additional 41 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

Shares of HD stock opened at $394.56 on Friday. The company has a quick ratio of 0.34, a current ratio of 1.15 and a debt-to-equity ratio of 4.31. The business has a 50 day moving average of $402.24 and a two-hundred day moving average of $375.89. The company has a market cap of $392.74 billion, a P/E ratio of 26.80, a PEG ratio of 3.76 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.

Home Depot (NYSE:HD) last released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $45.43 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were given a dividend of $2.30 per share. The ex-dividend date was Thursday, September 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.3%. Home Depot’s dividend payout ratio is currently 62.50%.

Insiders Place Their Bets

In related news, EVP Teresa Wynn Roseborough sold 5,483 shares of Home Depot stock in a transaction dated 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 directly owned 16,057 shares in the company, valued at $6,635,234.11. This trade represents a 25.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Angie Brown sold 1,000 shares of the business’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total transaction of $404,070.00. Following the transaction, the executive vice president directly owned 3,837 shares of the company’s stock, valued at $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. Over the last 90 days, insiders have sold 48,835 shares of company stock worth $19,623,432. 0.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Mizuho upped their price target on shares of Home Depot from $435.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, August 20th. DA Davidson restated a “buy” rating and issued a $450.00 target price on shares of Home Depot in a research note on Tuesday, August 19th. Morgan Stanley lifted their price target on Home Depot from $415.00 to $430.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 20th. JPMorgan Chase & Co. cut their price objective on Home Depot from $460.00 to $452.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 20th. Finally, Robert W. Baird increased their target price on Home Depot from $425.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and an average target price of $436.40.

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.