XML Financial LLC Trims Stock Position in The Home Depot, Inc. $HD

XML Financial LLC decreased its holdings in The Home Depot, Inc. (NYSE:HD) by 0.5% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 7,270 shares of the home improvement retailer’s stock after selling 36 shares during the quarter. XML Financial LLC’s holdings in Home Depot were worth $2,665,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Capital Investment Advisors LLC grew its position in Home Depot by 2.1% during the second quarter. Capital Investment Advisors LLC now owns 248,169 shares of the home improvement retailer’s stock valued at $90,989,000 after buying an additional 5,201 shares during the period. Sterling Investment Advisors Ltd. boosted its stake in shares of Home Depot by 1.7% during the 2nd quarter. Sterling Investment Advisors Ltd. now owns 20,046 shares of the home improvement retailer’s stock worth $7,350,000 after acquiring an additional 342 shares during the last quarter. Northwest Wealth Management LLC grew its position in shares of Home Depot by 3.0% during the 2nd quarter. Northwest Wealth Management LLC now owns 1,188 shares of the home improvement retailer’s stock valued at $435,000 after acquiring an additional 35 shares during the period. Summit Financial Strategies Inc. grew its position in shares of Home Depot by 2.2% during the 2nd quarter. Summit Financial Strategies Inc. now owns 1,349 shares of the home improvement retailer’s stock valued at $494,000 after acquiring an additional 29 shares during the period. Finally, Spartan Planning & Wealth Management purchased a new stake in shares of Home Depot in the 2nd quarter worth $287,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on HD shares. Mizuho boosted their price target on Home Depot from $435.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, August 20th. Stifel Nicolaus increased their target price on shares of Home Depot from $425.00 to $432.00 and gave the stock a “buy” rating in a report on Monday, August 18th. Wolfe Research started coverage on shares of Home Depot in a research note on Thursday, September 18th. They set an “outperform” rating and a $497.00 target price on the stock. Telsey Advisory Group reiterated an “outperform” rating and issued a $455.00 price target on shares of Home Depot in a research report on Tuesday, August 19th. Finally, Oppenheimer increased their price objective on shares of Home Depot from $400.00 to $420.00 and gave the stock 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 assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $436.40.

Home Depot Trading Down 0.8%

Home Depot stock opened at $406.70 on Tuesday. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37. The firm’s 50 day moving average price is $400.71 and its 200-day moving average price is $375.25. 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 stock has a market cap of $404.82 billion, a P/E ratio of 27.63, a PEG ratio of 3.89 and a beta of 1.00.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share for the quarter, missing the consensus estimate of $4.69 by ($0.01). The company had revenue of $45.28 billion for the quarter, compared to analysts’ expectations of $45.43 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The business’s revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the business posted $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, equities analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were issued a $2.30 dividend. This represents a $9.20 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Thursday, September 4th. Home Depot’s payout ratio is 62.50%.

Insider Buying and Selling

In other news, EVP Angie Brown sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $404.07, for a total transaction of $404,070.00. Following the sale, the executive vice president directly owned 3,837 shares of the company’s stock, valued at $1,550,416.59. This represents a 20.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the stock in a transaction that occurred 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 transaction, the executive vice president owned 16,057 shares of the company’s stock, valued at $6,635,234.11. This represents a 25.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 48,835 shares of company stock valued at $19,623,432 in the last ninety days. Company insiders own 0.10% of the company’s stock.

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.