The Home Depot, Inc. $HD Shares Sold by Alpine Woods Capital Investors LLC

Alpine Woods Capital Investors LLC lessened its stake in shares of The Home Depot, Inc. (NYSE:HD) by 1.6% in the second quarter, Holdings Channel.com reports. The fund owned 16,026 shares of the home improvement retailer’s stock after selling 264 shares during the quarter. Home Depot comprises about 1.4% of Alpine Woods Capital Investors LLC’s holdings, making the stock its 19th biggest position. Alpine Woods Capital Investors LLC’s holdings in Home Depot were worth $5,876,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of HD. Brighton Jones LLC lifted its position in shares of Home Depot by 36.5% during the 4th 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 during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Home Depot by 7.2% in the first quarter. GAMMA Investing LLC now owns 27,932 shares of the home improvement retailer’s stock valued at $10,237,000 after purchasing an additional 1,880 shares in the last quarter. Azzad Asset Management Inc. ADV purchased a new stake in shares of Home Depot in the first quarter valued at $268,000. Sound Income Strategies LLC lifted its holdings in shares of Home Depot by 0.8% in the first quarter. Sound Income Strategies LLC now owns 4,163 shares of the home improvement retailer’s stock valued at $1,526,000 after purchasing an additional 32 shares in the last quarter. Finally, Exchange Traded Concepts LLC lifted its holdings in shares of Home Depot by 57.0% in the first quarter. Exchange Traded Concepts LLC now owns 1,311 shares of the home improvement retailer’s stock valued at $480,000 after purchasing an additional 476 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Activity

In other Home Depot news, EVP Angie Brown sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The stock was 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 in the company, valued at $1,550,416.59. This trade represents a 20.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Richard V. Mcphail sold 3,369 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $403.66, for a total value of $1,359,930.54. Following the transaction, the chief financial officer owned 45,455 shares in the company, valued at approximately $18,348,365.30. This trade represents a 6.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 48,835 shares of company stock valued at $19,623,432. Corporate insiders own 0.10% of the company’s stock.

Home Depot Price Performance

Shares of NYSE:HD opened at $379.36 on Tuesday. The company has a current ratio of 1.15, a quick ratio of 0.34 and a debt-to-equity ratio of 4.31. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37. The business has a fifty day simple moving average of $403.51 and a 200 day simple moving average of $377.45. The firm has a market cap of $377.61 billion, a price-to-earnings ratio of 25.77, a P/E/G ratio of 3.57 and a beta of 1.00.

Home Depot (NYSE:HD) last announced its quarterly earnings data 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). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The firm had revenue of $45.28 billion for the quarter, compared to analysts’ expectations of $45.43 billion. During the same quarter in the prior year, the business posted $4.60 earnings per share. Home Depot’s revenue was up 4.9% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, 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 company also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were issued a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Thursday, September 4th. Home Depot’s dividend payout ratio (DPR) is currently 62.50%.

Analyst Upgrades and Downgrades

HD has been the subject of a number of research analyst reports. DA Davidson restated a “buy” rating and issued a $450.00 target price on shares of Home Depot in a report on Tuesday, August 19th. Weiss Ratings restated a “buy (b)” rating on shares of Home Depot in a report on Wednesday, October 8th. Stifel Nicolaus increased their target price on Home Depot from $425.00 to $432.00 and gave the company a “buy” rating in a report on Monday, August 18th. JPMorgan Chase & Co. reduced their target price on Home Depot from $460.00 to $452.00 and set an “overweight” rating for the company in a report on Wednesday, August 20th. Finally, Mizuho increased their target price on Home Depot from $435.00 to $450.00 and gave the company an “outperform” rating 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 given a Hold rating to the company. Based on data from MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus price target of $435.42.

About Home Depot

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.