Lecap Asset Management Ltd. Has $506,000 Stake in The Home Depot, Inc. $HD

Lecap Asset Management Ltd. decreased its position in The Home Depot, Inc. (NYSE:HDFree Report) by 85.3% in the 2nd quarter, HoldingsChannel reports. The fund owned 1,380 shares of the home improvement retailer’s stock after selling 7,982 shares during the period. Lecap Asset Management Ltd.’s holdings in Home Depot were worth $506,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the business. Brighton Jones LLC grew its position 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 acquiring an additional 7,203 shares during the period. Sendero Wealth Management LLC bought a new position in Home Depot in the 1st quarter worth approximately $221,000. Clare Market Investments LLC lifted its stake in shares of Home Depot by 41.4% during the first quarter. Clare Market Investments LLC now owns 1,715 shares of the home improvement retailer’s stock valued at $629,000 after acquiring an additional 502 shares during the period. Lifestyle Asset Management Inc. boosted its stake in shares of Home Depot by 10.5% in the 1st quarter. Lifestyle Asset Management Inc. now owns 1,017 shares of the home improvement retailer’s stock valued at $373,000 after purchasing an additional 97 shares during the last quarter. Finally, Warren Street Wealth Advisors LLC boosted its stake in Home Depot by 3.5% in the first quarter. Warren Street Wealth Advisors LLC now owns 1,206 shares of the home improvement retailer’s stock valued at $442,000 after acquiring an additional 41 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Home Depot

In other news, CFO Richard V. Mcphail sold 3,369 shares of the business’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $403.66, for a total transaction of $1,359,930.54. Following the sale, the chief financial officer directly owned 45,455 shares in the company, valued at approximately $18,348,365.30. The trade was a 6.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Angie Brown sold 1,000 shares of the company’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 transaction of $404,070.00. Following the completion of the transaction, the executive vice president owned 3,837 shares of the company’s stock, valued at approximately $1,550,416.59. This trade represents a 20.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 48,835 shares of company stock valued at $19,623,432. Corporate insiders own 0.10% of the company’s stock.

Home Depot Stock Down 0.6%

Shares of HD opened at $394.56 on Friday. 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 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 $392.74 billion, a P/E ratio of 26.80, a P/E/G ratio of 3.76 and a beta of 1.00. The firm has a 50 day simple moving average of $402.24 and a two-hundred day simple moving average of $375.89.

Home Depot (NYSE:HDGet Free Report) last released its earnings results 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 business 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 firm earned $4.60 EPS. The business’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. Research analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were issued a dividend of $2.30 per share. The ex-dividend date of this dividend 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 62.50%.

Analyst Ratings Changes

HD has been the subject of several analyst reports. Stifel Nicolaus boosted their target price on Home Depot from $425.00 to $432.00 and gave the stock a “buy” rating in a research report on Monday, August 18th. Robert W. Baird boosted their price target on Home Depot from $425.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, August 20th. Wells Fargo & Company raised their target price 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. Morgan Stanley boosted their price target on Home Depot from $415.00 to $430.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 20th. Finally, Mizuho raised their target price on shares of Home Depot from $435.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $436.40.

Get Our Latest Stock Report on Home Depot

About Home Depot

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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