Global Assets Advisory LLC Decreases Stock Position in The Home Depot, Inc. $HD

Global Assets Advisory LLC lowered its position in shares of The Home Depot, Inc. (NYSE:HD) by 23.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 959 shares of the home improvement retailer’s stock after selling 293 shares during the period. Global Assets Advisory LLC’s holdings in Home Depot were worth $358,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Tower View Wealth Management LLC boosted its position in Home Depot by 4.3% in the 2nd 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 acquired a new position in shares of Home Depot in the first quarter worth about $3,851,000. Financial Gravity Asset Management Inc. purchased a new position in Home Depot in the first quarter valued at about $406,000. Arbor Capital Management Inc. ADV grew its stake in Home Depot by 4.8% during the 1st quarter. Arbor Capital Management Inc. ADV now owns 4,784 shares of the home improvement retailer’s stock valued at $1,757,000 after purchasing an additional 221 shares in the last quarter. Finally, Focus Partners Wealth increased its holdings in Home Depot by 4.1% during the 1st quarter. Focus Partners Wealth now owns 423,287 shares of the home improvement retailer’s stock worth $155,131,000 after purchasing an additional 16,654 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Down 1.4%

NYSE:HD opened at $389.56 on Tuesday. 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 stock has a 50 day moving average of $402.88 and a 200-day moving average of $376.78. The firm has a market capitalization of $387.76 billion, a PE ratio of 26.46, a price-to-earnings-growth ratio of 3.75 and a beta of 1.00. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $439.37.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.69 by ($0.01). Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The company had revenue of $45.28 billion for the quarter, compared to analyst estimates of $45.43 billion. During the same quarter in the prior year, the firm earned $4.60 EPS. The company’s revenue for the quarter 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. Analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

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

Insiders Place Their Bets

In other Home Depot news, EVP Angie Brown sold 1,000 shares of the firm’s stock in a transaction that occurred on 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 owned 3,837 shares in the company, valued at approximately $1,550,416.59. This trade represents a 20.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president owned 16,057 shares of the company’s stock, valued at approximately $6,635,234.11. This represents a 25.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 48,835 shares of company stock worth $19,623,432. 0.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

HD has been the subject of a number of recent analyst reports. Wolfe Research began coverage on shares of Home Depot in a research report on Thursday, September 18th. They set an “outperform” rating and a $497.00 price target for the company. Truist Financial raised their price objective on shares of Home Depot from $417.00 to $433.00 and gave the stock a “buy” rating in a report on Wednesday, August 13th. JPMorgan Chase & Co. dropped their target price on shares of Home Depot from $460.00 to $452.00 and set an “overweight” rating for the company in a research report on Wednesday, August 20th. Stifel Nicolaus increased their price target on shares of Home Depot from $425.00 to $432.00 and gave the stock a “buy” rating in a research report on Monday, August 18th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Home Depot in a research note on Saturday, September 27th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $436.40.

About Home Depot

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.