Hobbs Group Advisors LLC Sells 29 Shares of The Home Depot, Inc. $HD

Hobbs Group Advisors LLC lowered its stake in The Home Depot, Inc. (NYSE:HD) by 2.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,027 shares of the home improvement retailer’s stock after selling 29 shares during the period. Hobbs Group Advisors LLC’s holdings in Home Depot were worth $376,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Udine Wealth Management Inc. boosted its holdings in Home Depot by 3.3% in the second quarter. Udine Wealth Management Inc. now owns 6,092 shares of the home improvement retailer’s stock valued at $2,234,000 after acquiring an additional 194 shares in the last quarter. Concurrent Investment Advisors LLC lifted its position in Home Depot by 15.3% during the second quarter. Concurrent Investment Advisors LLC now owns 69,235 shares of the home improvement retailer’s stock valued at $25,384,000 after buying an additional 9,210 shares during the period. Asset Planning Inc lifted its position in Home Depot by 3.3% during the second quarter. Asset Planning Inc now owns 1,935 shares of the home improvement retailer’s stock valued at $709,000 after buying an additional 61 shares during the period. waypoint wealth counsel lifted its position in Home Depot by 14.6% during the second quarter. waypoint wealth counsel now owns 3,546 shares of the home improvement retailer’s stock valued at $1,300,000 after buying an additional 451 shares during the period. Finally, Investment Advisory Group LLC lifted its position in Home Depot by 32.9% during the second quarter. Investment Advisory Group LLC now owns 962 shares of the home improvement retailer’s stock valued at $353,000 after buying an additional 238 shares during the period. Institutional investors own 70.86% of the company’s stock.

Insider Buying and Selling

In related news, CFO Richard V. Mcphail sold 3,369 shares of Home Depot stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $403.66, for a total value of $1,359,930.54. Following the completion of the sale, the chief financial officer directly owned 45,455 shares in the company, valued at approximately $18,348,365.30. This trade represents a 6.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP William D. Bastek sold 2,303 shares of Home Depot stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $423.12, for a total value of $974,445.36. Following the completion of 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 disclosure for this sale can be found here. Insiders sold 48,835 shares of company stock worth $19,623,432 in the last three months. 0.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

HD has been the subject of several recent research reports. DA Davidson reissued a “buy” rating and set a $450.00 price objective on shares of Home Depot in a research report on Tuesday, August 19th. Weiss Ratings reissued a “buy (b)” rating on shares of Home Depot in a research report on Wednesday. Robert W. Baird raised their price objective on Home Depot from $425.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, August 20th. Mizuho raised their price objective on Home Depot from $435.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, August 20th. Finally, Wells Fargo & Company raised their price objective on Home Depot from $420.00 to $450.00 and gave the company an “overweight” rating in a research report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus price target of $435.42.

Home Depot Price Performance

HD opened at $375.86 on Friday. The stock has a 50-day moving average price of $403.54 and a 200-day moving average price of $377.20. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.34. The firm has a market cap of $374.13 billion, a PE ratio of 25.53, a P/E/G ratio of 3.56 and a beta of 1.00. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37.

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 the consensus estimate 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 193.99% and a net margin of 8.86%.Home Depot’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Sell-side analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were issued a $2.30 dividend. This represents a $9.20 annualized dividend and a yield of 2.4%. The ex-dividend date was Thursday, September 4th. Home Depot’s dividend payout ratio (DPR) is presently 62.50%.

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.