First Dallas Securities Inc. Sells 374 Shares of The Home Depot, Inc. $HD

First Dallas Securities Inc. reduced its stake in The Home Depot, Inc. (NYSE:HD) by 3.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,387 shares of the home improvement retailer’s stock after selling 374 shares during the period. Home Depot makes up 1.4% of First Dallas Securities Inc.’s portfolio, making the stock its 19th largest holding. First Dallas Securities Inc.’s holdings in Home Depot were worth $3,442,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of HD. Legend Financial Advisors Inc. purchased a new stake in shares of Home Depot during the 2nd quarter valued at about $28,000. LFA Lugano Financial Advisors SA bought a new position in Home Depot during the second quarter valued at $32,000. Legacy Investment Solutions LLC purchased a new stake in shares of Home Depot in the second quarter valued at $35,000. Iron Horse Wealth Management LLC raised its stake in shares of Home Depot by 86.8% in the first quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer’s stock valued at $36,000 after acquiring an additional 46 shares during the period. Finally, Global X Japan Co. Ltd. bought a new stake in shares of Home Depot in the 2nd quarter worth about $40,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. DA Davidson reissued a “buy” rating and issued a $450.00 price objective on shares of Home Depot in a research report on Tuesday, August 19th. Telsey Advisory Group reiterated an “outperform” rating and issued a $455.00 price target on shares of Home Depot in a report on Tuesday, August 19th. Wolfe Research started coverage on Home Depot in a research note on Thursday, September 18th. They set an “outperform” rating and a $497.00 price target for the company. Truist Financial cut their price objective on Home Depot from $454.00 to $421.00 and set a “buy” rating on the stock in a research report on Friday. Finally, Wells Fargo & Company increased their target price on Home Depot from $420.00 to $450.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and a consensus target price of $434.82.

Insider Activity at Home Depot

In related 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 $1,550,416.59. This represents a 20.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Edward P. Decker sold 32,897 shares of the firm’s stock in a transaction dated 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 directly owned 122,425 shares in the company, valued at approximately $48,629,658.50. The trade was a 21.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 48,835 shares of company stock valued at $19,623,432 over the last 90 days. Insiders own 0.10% of the company’s stock.

Home Depot Stock Performance

HD stock opened at $370.71 on Monday. 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 business has a 50-day moving average price of $397.28 and a 200 day moving average price of $381.63. The company has a market capitalization of $369.00 billion, a P/E ratio of 25.18, a PEG ratio of 3.59 and a beta of 1.00. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37.

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). The business had revenue of $45.28 billion for the quarter, compared to the consensus estimate of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The firm’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, equities research analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

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

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.