Foster & Motley Inc. Lowers Stock Position in The Home Depot, Inc. $HD

Foster & Motley Inc. reduced its stake in The Home Depot, Inc. (NYSE:HD) by 6.8% during the second quarter, HoldingsChannel reports. The firm owned 5,794 shares of the home improvement retailer’s stock after selling 423 shares during the period. Foster & Motley Inc.’s holdings in Home Depot were worth $2,124,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of HD. Brighton Jones LLC raised its stake in Home Depot by 36.5% in the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock valued at $10,471,000 after purchasing an additional 7,203 shares in the last quarter. GAMMA Investing LLC raised its stake in 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. Exchange Traded Concepts LLC raised its stake in 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. Riverwater Partners LLC raised its stake in Home Depot by 13.1% in the first quarter. Riverwater Partners LLC now owns 854 shares of the home improvement retailer’s stock valued at $313,000 after purchasing an additional 99 shares in the last quarter. Finally, Rockline Wealth Management LLC raised its stake in Home Depot by 1.9% in the first quarter. Rockline Wealth Management LLC now owns 30,337 shares of the home improvement retailer’s stock valued at $11,118,000 after purchasing an additional 566 shares in the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on HD. Mizuho increased their price target on shares of Home Depot from $435.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, August 20th. DA Davidson reiterated a “buy” rating and set a $450.00 price target on shares of Home Depot in a research report on Tuesday, August 19th. Wells Fargo & Company increased their price target on shares of Home Depot from $420.00 to $450.00 and gave the company an “overweight” rating in a research report on Wednesday, August 20th. JPMorgan Chase & Co. reduced their price target on shares of Home Depot from $460.00 to $452.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 20th. Finally, Stifel Nicolaus increased their price target on shares of Home Depot from $425.00 to $432.00 and gave the company a “buy” rating in a research report on Monday, August 18th. One equities research 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.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $435.42.

Insiders Place Their Bets

In related news, CEO Edward P. Decker sold 32,897 shares of Home Depot stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $397.22, for a total value of $13,067,346.34. Following the sale, the chief executive officer owned 122,425 shares in the company, valued at $48,629,658.50. The trade was a 21.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP William D. Bastek sold 2,303 shares of Home Depot stock in a transaction on Friday, September 12th. The shares were sold at an average price of $423.12, for a total transaction of $974,445.36. Following the completion of the sale, the executive vice president owned 24,235 shares in the company, valued at approximately $10,254,313.20. This trade represents a 8.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 48,835 shares of company stock valued at $19,623,432 over the last quarter. 0.10% of the stock is owned by company insiders.

Home Depot Stock Up 1.1%

Shares of Home Depot stock opened at $391.79 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 Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37. The stock has a market capitalization of $389.98 billion, a price-to-earnings ratio of 26.62, a P/E/G ratio of 3.72 and a beta of 1.00. The company’s 50 day moving average price is $403.70 and its 200-day moving average price is $377.97.

Home Depot (NYSE:HD) last issued its 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). 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 during the quarter, compared to the consensus estimate of $45.43 billion. During the same quarter in the prior year, the business posted $4.60 EPS. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. 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 company also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were issued a $2.30 dividend. 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 (DPR) is currently 62.50%.

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.