Wrapmanager Inc. Lowers Position in The Home Depot, Inc. $HD

Wrapmanager Inc. reduced its stake in The Home Depot, Inc. (NYSE:HD) by 4.9% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 4,840 shares of the home improvement retailer’s stock after selling 250 shares during the period. Wrapmanager Inc.’s holdings in Home Depot were worth $1,775,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of HD. Centerpoint Advisory Group lifted its holdings in shares of Home Depot by 0.8% in the 2nd quarter. Centerpoint Advisory Group now owns 3,163 shares of the home improvement retailer’s stock worth $1,160,000 after acquiring an additional 26 shares during the last quarter. Disciplined Investors L.L.C. increased its holdings in Home Depot by 2.3% in the 2nd quarter. Disciplined Investors L.L.C. now owns 1,178 shares of the home improvement retailer’s stock valued at $432,000 after purchasing an additional 26 shares during the last quarter. Brio Consultants LLC raised its position in Home Depot by 4.7% in the second quarter. Brio Consultants LLC now owns 574 shares of the home improvement retailer’s stock valued at $210,000 after purchasing an additional 26 shares during the period. Client 1ST Advisory Group LLC raised its position in Home Depot by 1.5% in the first quarter. Client 1ST Advisory Group LLC now owns 1,878 shares of the home improvement retailer’s stock valued at $688,000 after purchasing an additional 27 shares during the period. Finally, Firethorn Wealth Partners LLC lifted its stake in Home Depot by 1.5% during the second quarter. Firethorn Wealth Partners LLC now owns 1,875 shares of the home improvement retailer’s stock worth $687,000 after purchasing an additional 28 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $455.00 price objective on shares of Home Depot in a research note on Thursday. Sanford C. Bernstein raised their target price on Home Depot from $403.00 to $406.00 and gave the company a “market perform” rating in a report on Friday, November 7th. DA Davidson reaffirmed a “buy” rating and issued a $450.00 target price on shares of Home Depot in a research report on Tuesday, August 19th. JPMorgan Chase & Co. cut their price target on shares of Home Depot from $452.00 to $444.00 and set an “overweight” rating on the stock in a research note on Monday. Finally, Wells Fargo & Company lowered their price objective on shares of Home Depot from $450.00 to $435.00 and set an “overweight” rating for the company in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and a consensus target price of $430.05.

Insider Buying and Selling

In other news, CFO Richard V. Mcphail sold 3,369 shares of the firm’s stock in a transaction on Wednesday, August 20th. The shares were 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 in the company, valued at approximately $18,348,365.30. This trade represents a 6.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP William D. Bastek sold 2,303 shares of Home Depot stock in a transaction 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 sale, the executive vice president directly owned 24,235 shares of the company’s stock, valued at approximately $10,254,313.20. This trade represents a 8.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 48,835 shares of company stock worth $19,623,432. Corporate insiders own 0.10% of the company’s stock.

Home Depot Price Performance

Shares of NYSE HD opened at $367.70 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 company has a market cap of $366.00 billion, a price-to-earnings ratio of 24.98, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00. The stock’s 50-day moving average is $394.28 and its two-hundred day moving average is $381.65. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 EPS 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 company had revenue of $45.28 billion for the quarter, compared to analyst estimates of $45.43 billion. During the same period in the prior year, the firm posted $4.60 earnings per share. The business’s quarterly revenue 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. Analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were issued a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a yield of 2.5%. The ex-dividend date was Thursday, September 4th. Home Depot’s payout ratio is 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.