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

Thoroughbred Financial Services LLC reduced its holdings in The Home Depot, Inc. (NYSE:HD) by 17.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 26,975 shares of the home improvement retailer’s stock after selling 5,789 shares during the quarter. Thoroughbred Financial Services LLC’s holdings in Home Depot were worth $9,890,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Nuveen LLC acquired a new stake in Home Depot in the 1st quarter valued at approximately $2,076,592,000. Valeo Financial Advisors LLC boosted its position in shares of Home Depot by 16,746.9% in the second quarter. Valeo Financial Advisors LLC now owns 4,537,880 shares of the home improvement retailer’s stock valued at $1,663,768,000 after acquiring an additional 4,510,944 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Home Depot by 19.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,253,292 shares of the home improvement retailer’s stock valued at $3,391,240,000 after acquiring an additional 1,494,261 shares during the period. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Home Depot in the second quarter worth $418,486,000. Finally, Charles Schwab Investment Management Inc. increased its position in Home Depot by 6.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 14,415,278 shares of the home improvement retailer’s stock worth $5,282,398,000 after acquiring an additional 891,326 shares during the period. 70.86% of the stock is currently owned by institutional investors.

Home Depot Trading Down 1.6%

NYSE HD opened at $362.08 on Friday. The stock has a 50-day simple moving average of $393.15 and a 200 day simple moving average of $381.69. The company has a market capitalization of $360.41 billion, a PE ratio of 24.60, a P/E/G ratio of 3.59 and a beta of 1.00. 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 Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37.

Home Depot (NYSE:HD) last announced its quarterly 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). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The firm had revenue of $45.28 billion for the quarter, compared to the consensus estimate of $45.43 billion. During the same period in the prior year, the business earned $4.60 earnings per share. 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. Research analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

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

Insider Buying and Selling

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,483 shares of the stock in a transaction on 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 completion of the sale, the executive vice president owned 16,057 shares in the company, valued at $6,635,234.11. This trade represents a 25.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Richard V. Mcphail sold 3,369 shares of Home Depot stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $403.66, for a total transaction of $1,359,930.54. Following the completion of the transaction, the chief financial officer directly owned 45,455 shares of the company’s stock, valued at approximately $18,348,365.30. This trade represents a 6.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 48,835 shares of company stock worth $19,623,432 in the last quarter. 0.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on HD shares. Wolfe Research assumed coverage on shares of Home Depot in a research note on Thursday, September 18th. They issued an “outperform” rating and a $497.00 target price for the company. Robert W. Baird lifted their price objective on Home Depot from $425.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, August 20th. Wells Fargo & Company cut their target price on Home Depot from $450.00 to $435.00 and set an “overweight” rating for the company in a research note on Tuesday. Truist Financial lowered their target price on shares of Home Depot from $454.00 to $421.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $455.00 price target on shares of Home Depot in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $429.33.

Home Depot 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.