WCG Wealth Advisors LLC Sells 151 Shares of The Home Depot, Inc. $HD

WCG Wealth Advisors LLC lessened its stake in The Home Depot, Inc. (NYSE:HD) by 1.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,050 shares of the home improvement retailer’s stock after selling 151 shares during the quarter. WCG Wealth Advisors LLC’s holdings in Home Depot were worth $4,052,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Legend Financial Advisors Inc. bought a new position in Home Depot during the 2nd quarter worth about $28,000. LFA Lugano Financial Advisors SA acquired a new position in shares of Home Depot during the second quarter worth about $32,000. Legacy Investment Solutions LLC acquired a new position in shares of Home Depot during the second quarter worth about $35,000. Global X Japan Co. Ltd. bought a new position in shares of Home Depot during the second quarter worth about $40,000. Finally, GFG Capital LLC acquired a new stake in Home Depot in the 2nd quarter valued at approximately $40,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Home Depot

In related news, EVP William D. Bastek sold 2,303 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $423.12, for a total transaction of $974,445.36. Following the transaction, the executive vice president directly owned 24,235 shares of the company’s stock, valued at approximately $10,254,313.20. The trade was a 8.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

HD has been the subject of a number of recent research reports. KGI Securities downgraded Home Depot from an “outperform” rating to a “hold” rating and set a $320.00 price target for the company. in a research report on Wednesday, November 19th. DA Davidson set a $430.00 target price on shares of Home Depot in a report on Wednesday, November 19th. Truist Financial set a $379.00 target price on shares of Home Depot in a research report on Tuesday, November 18th. Robert W. Baird cut their price target on shares of Home Depot from $450.00 to $415.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 19th. Finally, Bank of America reduced their price objective on shares of Home Depot from $450.00 to $430.00 and set a “buy” rating for the company in a research note on Wednesday, November 19th. Twenty-two investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $403.93.

Home Depot Stock Performance

Shares of HD opened at $357.21 on Tuesday. The firm has a 50-day moving average of $377.48 and a 200-day moving average of $380.48. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $436.36. The company has a market cap of $355.61 billion, a PE ratio of 24.27, a price-to-earnings-growth ratio of 3.59 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 earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.09). Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The firm had revenue of $41.35 billion during the quarter, compared to the consensus estimate of $41.06 billion. During the same period in the previous year, the company posted $3.78 earnings per share. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. As a group, equities analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be paid a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Thursday, December 4th. Home Depot’s payout ratio is currently 62.71%.

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.