Thoroughbred Financial Services LLC Sells 5,789 Shares of The Home Depot, Inc. $HD

Thoroughbred Financial Services LLC decreased its position in The Home Depot, Inc. (NYSE:HD) by 17.7% during the 2nd quarter, Holdings Channel.com reports. The firm owned 26,975 shares of the home improvement retailer’s stock after selling 5,789 shares during the period. Thoroughbred Financial Services LLC’s holdings in Home Depot were worth $9,890,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Legend Financial Advisors Inc. bought a new position in Home Depot during the 2nd quarter worth $28,000. LFA Lugano Financial Advisors SA bought a new stake in shares of Home Depot in the second quarter valued at about $32,000. Legacy Investment Solutions LLC acquired a new position in shares of Home Depot in the second quarter valued at about $35,000. Global X Japan Co. Ltd. bought a new position in Home Depot during the second quarter worth about $40,000. Finally, GFG Capital LLC bought a new position in Home Depot during the second quarter worth about $40,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Down 1.6%

Shares of HD opened at $362.08 on Friday. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $439.37. The company has a market cap of $360.41 billion, a P/E ratio of 24.60, a P/E/G ratio of 3.59 and a beta of 1.00. 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 50 day simple moving average of $393.15 and a two-hundred day simple moving average of $381.69.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share for the quarter, missing analysts’ consensus estimates of $4.69 by ($0.01). The business had revenue of $45.28 billion during the quarter, compared to analyst estimates of $45.43 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The company’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 business posted $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Research analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were paid a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Thursday, September 4th. Home Depot’s payout ratio is presently 62.50%.

Insider Buying and Selling

In related news, CEO Edward P. Decker sold 32,897 shares of the firm’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $397.22, for a total transaction of $13,067,346.34. Following the sale, the chief executive officer owned 122,425 shares of the company’s stock, valued at $48,629,658.50. This trade represents a 21.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of Home Depot stock in a transaction dated Friday, August 22nd. The shares were 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 $6,635,234.11. The trade was a 25.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 48,835 shares of company stock worth $19,623,432 in the last ninety days. Insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

HD has been the subject of a number of recent research reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Home Depot in a report on Thursday. DA Davidson reiterated a “buy” rating and issued a $450.00 price target on shares of Home Depot in a research note on Tuesday, August 19th. Telsey Advisory Group reissued an “outperform” rating and set a $455.00 price target on shares of Home Depot in a research report on Thursday. Sanford C. Bernstein raised their price objective on Home Depot from $403.00 to $406.00 and gave the stock a “market perform” rating in a research note on Friday, November 7th. Finally, Robert W. Baird upped their target price on Home Depot from $425.00 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, fifteen have assigned a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $429.33.

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.