Windward Capital Management Co. CA Cuts Position in The Home Depot, Inc. $HD

Windward Capital Management Co. CA lowered its position in shares of The Home Depot, Inc. (NYSE:HD) by 2.3% in the 2nd quarter, HoldingsChannel reports. The firm owned 13,247 shares of the home improvement retailer’s stock after selling 313 shares during the quarter. Windward Capital Management Co. CA’s holdings in Home Depot were worth $4,857,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Legend Financial Advisors Inc. purchased a new position in shares of Home Depot during the second quarter worth approximately $28,000. LFA Lugano Financial Advisors SA purchased a new stake in Home Depot during the second quarter valued at about $32,000. Legacy Investment Solutions LLC bought a new position in shares of Home Depot during the second quarter valued at about $35,000. Global X Japan Co. Ltd. purchased a new position in shares of Home Depot in the second quarter worth about $40,000. Finally, GFG Capital LLC bought a new stake in shares of Home Depot in the 2nd quarter valued at about $40,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP William D. Bastek sold 2,303 shares of Home Depot stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $423.12, for a total transaction of $974,445.36. Following the completion of the transaction, the executive vice president directly owned 24,235 shares of the company’s stock, valued at $10,254,313.20. This trade represents a 8.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on HD shares. DZ Bank reiterated a “sell” rating on shares of Home Depot in a research report on Tuesday, November 18th. Gordon Haskett decreased their target price on shares of Home Depot from $345.00 to $330.00 and set a “hold” rating on the stock in a research note on Wednesday, November 19th. Sanford C. Bernstein dropped their price target on shares of Home Depot from $406.00 to $362.00 and set a “market perform” rating for the company in a research report on Wednesday, November 19th. Mizuho boosted their price objective on shares of Home Depot from $435.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, August 20th. Finally, BNP Paribas Exane dropped their target price on shares of Home Depot from $391.00 to $353.00 and set a “neutral” rating for the company in a report on Wednesday, November 19th. Twenty-one research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $409.72.

Home Depot Stock Performance

Home Depot stock opened at $343.22 on Monday. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $439.37. The stock has a market cap of $341.64 billion, a price-to-earnings ratio of 23.32, a PEG ratio of 3.59 and a beta of 1.00. The stock’s 50 day simple moving average is $385.34 and its two-hundred day simple moving average is $381.29. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 EPS for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.09). The firm had revenue of $41.35 billion during the quarter, compared to analysts’ expectations of $41.06 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.78 EPS. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. As a group, analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal 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 given a $2.30 dividend. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.7%. Home Depot’s dividend 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.