Wealthfront Advisers LLC Sells 905 Shares of The Home Depot, Inc. $HD

Wealthfront Advisers LLC trimmed its position in shares of The Home Depot, Inc. (NYSE:HD) by 0.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 108,811 shares of the home improvement retailer’s stock after selling 905 shares during the period. Wealthfront Advisers LLC’s holdings in Home Depot were worth $39,894,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in HD. Oppenheimer Asset Management Inc. grew its position in shares of Home Depot by 0.8% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 99,931 shares of the home improvement retailer’s stock valued at $36,639,000 after acquiring an additional 779 shares during the period. QV Investors Inc. raised its holdings in shares of Home Depot by 0.6% in the 2nd quarter. QV Investors Inc. now owns 9,777 shares of the home improvement retailer’s stock valued at $3,585,000 after purchasing an additional 60 shares during the period. Conservest Capital Advisors Inc. lifted its stake in Home Depot by 3.0% in the 2nd quarter. Conservest Capital Advisors Inc. now owns 1,297 shares of the home improvement retailer’s stock valued at $476,000 after purchasing an additional 38 shares during the last quarter. Fiduciary Wealth Partners LLC grew its holdings in Home Depot by 1,190.3% during the second quarter. Fiduciary Wealth Partners LLC now owns 4,271 shares of the home improvement retailer’s stock worth $1,566,000 after purchasing an additional 3,940 shares during the period. Finally, Interchange Capital Partners LLC grew its holdings in Home Depot by 0.4% during the second quarter. Interchange Capital Partners LLC now owns 7,690 shares of the home improvement retailer’s stock worth $2,819,000 after purchasing an additional 28 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Angie Brown sold 1,000 shares of the company’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $404.07, for a total transaction of $404,070.00. Following the completion of the sale, the executive vice president directly owned 3,837 shares in the company, valued at approximately $1,550,416.59. This represents a 20.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the stock in a transaction on 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 directly owned 16,057 shares in the company, valued at approximately $6,635,234.11. This trade represents a 25.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 48,835 shares of company stock valued at $19,623,432 in the last quarter. Company insiders own 0.10% of the company’s stock.

Home Depot Stock Up 0.5%

HD opened at $386.83 on Friday. The stock has a fifty day moving average of $402.68 and a 200-day moving average of $379.51. The company has a market capitalization of $385.04 billion, a P/E ratio of 26.28, a P/E/G ratio of 3.67 and a beta of 1.00. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $439.37. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15.

Home Depot (NYSE:HD) last released 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 net margin of 8.86% and a return on equity of 193.99%. The business had revenue of $45.28 billion during the quarter, compared to analyst estimates of $45.43 billion. During the same quarter last year, the company posted $4.60 earnings per share. The company’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. On average, equities analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on HD shares. JPMorgan Chase & Co. cut their price objective on Home Depot from $460.00 to $452.00 and set an “overweight” rating for the company in a research report on Wednesday, August 20th. Wells Fargo & Company increased their price target on Home Depot from $420.00 to $450.00 and gave the company an “overweight” rating in a research note on Wednesday, August 20th. Truist Financial lifted their price objective on shares of Home Depot from $417.00 to $433.00 and gave the stock a “buy” rating in a research report on Wednesday, August 13th. DA Davidson reiterated a “buy” rating and issued a $450.00 price objective on shares of Home Depot in a report on Tuesday, August 19th. Finally, Mizuho increased their price objective 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. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Home Depot has an average rating of “Moderate Buy” and a consensus target price of $435.42.

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.