The Home Depot, Inc. $HD Shares Sold by Heritage Wealth Management Inc. CA

Heritage Wealth Management Inc. CA lessened its holdings in The Home Depot, Inc. (NYSE:HD) by 2.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,812 shares of the home improvement retailer’s stock after selling 60 shares during the quarter. Heritage Wealth Management Inc. CA’s holdings in Home Depot were worth $1,031,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in HD. Mainstay Capital Management LLC ADV bought a new stake in Home Depot in the second quarter valued at $263,000. Tower View Wealth Management LLC lifted its stake in Home Depot by 4.3% in the second quarter. Tower View Wealth Management LLC now owns 16,196 shares of the home improvement retailer’s stock valued at $5,938,000 after buying an additional 671 shares during the last quarter. Ransom Advisory Ltd bought a new stake in Home Depot in the first quarter valued at $3,851,000. Shell Asset Management Co. lifted its stake in Home Depot by 45.2% in the second quarter. Shell Asset Management Co. now owns 48,175 shares of the home improvement retailer’s stock valued at $17,663,000 after buying an additional 15,002 shares during the last quarter. Finally, Financial Gravity Asset Management Inc. bought a new stake in Home Depot in the first quarter valued at $406,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Price Performance

Shares of Home Depot stock opened at $387.72 on Wednesday. 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 company’s 50-day moving average price is $403.56 and its two-hundred day moving average price is $377.52. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $439.37. The stock has a market cap of $385.94 billion, a PE ratio of 26.34, a price-to-earnings-growth ratio of 3.60 and a beta of 1.00.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 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 business had revenue of $45.28 billion during the quarter, compared to the consensus estimate of $45.43 billion. During the same quarter last year, the firm posted $4.60 earnings per share. Home Depot’s revenue was up 4.9% compared to the same quarter last year. 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 EPS for the current fiscal year.

Home Depot Dividend Announcement

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

Insider Transactions at Home Depot

In other Home Depot news, 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 value of $404,070.00. Following the sale, the executive vice president directly owned 3,837 shares in the company, valued at approximately $1,550,416.59. The trade was a 20.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $413.23, for a total value of $2,265,740.09. Following the sale, the executive vice president owned 16,057 shares in the company, valued at approximately $6,635,234.11. The trade was a 25.45% decrease in their position. The disclosure for this sale can be found here. Insiders sold 48,835 shares of company stock valued at $19,623,432 in the last quarter. 0.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have weighed in on HD shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Home Depot in a research note on Wednesday, October 8th. Mizuho lifted their target price on Home Depot from $435.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, August 20th. Wells Fargo & Company lifted their price objective on shares of Home Depot from $420.00 to $450.00 and gave the company an “overweight” rating in a research note on Wednesday, August 20th. Stifel Nicolaus lifted their price objective on shares of Home Depot from $425.00 to $432.00 and gave the company a “buy” rating in a research note on Monday, August 18th. Finally, DA Davidson restated a “buy” rating and set a $450.00 price objective on shares of Home Depot in a research note on Tuesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus price target of $435.42.

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.