SOA Wealth Advisors LLC. Sells 5,867 Shares of The Home Depot, Inc. $HD

SOA Wealth Advisors LLC. cut its stake in The Home Depot, Inc. (NYSE:HD) by 19.4% in the second quarter, Holdings Channel reports. The institutional investor owned 24,332 shares of the home improvement retailer’s stock after selling 5,867 shares during the period. Home Depot makes up about 1.0% of SOA Wealth Advisors LLC.’s investment portfolio, making the stock its 27th biggest holding. SOA Wealth Advisors LLC.’s holdings in Home Depot were worth $8,921,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Ransom Advisory Ltd bought a new stake in Home Depot in the first quarter worth $3,851,000. Financial Gravity Asset Management Inc. purchased a new stake in Home Depot in the first quarter worth $406,000. Wealth Management Partners LLC increased its stake in Home Depot by 0.6% in the first quarter. Wealth Management Partners LLC now owns 6,506 shares of the home improvement retailer’s stock worth $2,384,000 after purchasing an additional 36 shares during the period. Arbor Capital Management Inc. ADV increased its stake in Home Depot by 4.8% in the first quarter. Arbor Capital Management Inc. ADV now owns 4,784 shares of the home improvement retailer’s stock worth $1,757,000 after purchasing an additional 221 shares during the period. Finally, Focus Partners Wealth increased its stake in Home Depot by 4.1% in the first 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 period. 70.86% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Home Depot

In other news, EVP William D. Bastek sold 2,303 shares of the business’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $423.12, for a total transaction of $974,445.36. Following the sale, the executive vice president owned 24,235 shares in the company, valued at approximately $10,254,313.20. The trade was a 8.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Richard V. Mcphail sold 3,369 shares of Home Depot stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $403.66, for a total value of $1,359,930.54. Following the sale, the chief financial officer directly owned 45,455 shares of the company’s stock, valued at $18,348,365.30. This trade represents a 6.90% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 48,835 shares of company stock valued at $19,623,432. Insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on HD shares. Wolfe Research started coverage on Home Depot in a research note on Thursday, September 18th. They issued an “outperform” rating and a $497.00 target price on the stock. Morgan Stanley increased their target price on Home Depot from $415.00 to $430.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 20th. JPMorgan Chase & Co. reduced their target price on Home Depot from $460.00 to $452.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 20th. Truist Financial increased their target price on Home Depot from $417.00 to $433.00 and gave the stock a “buy” rating in a research note on Wednesday, August 13th. Finally, Oppenheimer raised their price target on Home Depot from $400.00 to $420.00 and gave the company a “market perform” rating in a research note on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and an average price target of $436.40.

Home Depot Price Performance

Shares of HD stock opened at $405.25 on Wednesday. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37. The stock’s 50-day moving average is $401.39 and its 200 day moving average is $375.46. The company has a market cap of $403.38 billion, a P/E ratio of 27.53, a PEG ratio of 3.86 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.

Home Depot (NYSE:HD) last issued its quarterly earnings data 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). 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 the consensus estimate of $45.43 billion. During the same period in the previous year, the business earned $4.60 EPS. Home Depot’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. Research analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal 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 paid a dividend of $2.30 per share. The ex-dividend date was Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.3%. Home Depot’s payout ratio is presently 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.