Acorn Financial Advisory Services Inc. ADV Has $209,000 Stock Holdings in The Home Depot, Inc. $HD

Acorn Financial Advisory Services Inc. ADV lowered its position in shares of The Home Depot, Inc. (NYSE:HD) by 37.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 570 shares of the home improvement retailer’s stock after selling 346 shares during the quarter. Acorn Financial Advisory Services Inc. ADV’s holdings in Home Depot were worth $209,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Elefante Mark B raised its position in Home Depot by 2.3% in the 2nd quarter. Elefante Mark B now owns 10,056 shares of the home improvement retailer’s stock worth $3,687,000 after purchasing an additional 222 shares during the last quarter. Cornerstone Wealth Group LLC grew its holdings in shares of Home Depot by 1.0% in the 2nd quarter. Cornerstone Wealth Group LLC now owns 32,385 shares of the home improvement retailer’s stock valued at $11,874,000 after buying an additional 314 shares during the period. Kellett Wealth Advisors LLC grew its holdings in shares of Home Depot by 15.5% in the 2nd quarter. Kellett Wealth Advisors LLC now owns 766 shares of the home improvement retailer’s stock valued at $281,000 after buying an additional 103 shares during the period. NorthRock Partners LLC boosted its stake in Home Depot by 9.2% in the 2nd quarter. NorthRock Partners LLC now owns 17,663 shares of the home improvement retailer’s stock worth $6,476,000 after purchasing an additional 1,491 shares during the period. Finally, Envestnet Portfolio Solutions Inc. boosted its stake in Home Depot by 6.2% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 132,670 shares of the home improvement retailer’s stock worth $48,642,000 after purchasing an additional 7,767 shares during the period. Institutional investors own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Home Depot in a research note on Wednesday, October 8th. Stifel Nicolaus increased their price target on shares of Home Depot from $425.00 to $432.00 and gave the company a “buy” rating in a report on Monday, August 18th. Mizuho increased their price target on shares of Home Depot from $435.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, August 20th. Robert W. Baird increased their price target on shares of Home Depot from $425.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, August 20th. Finally, Wells Fargo & Company increased their price target on shares of Home Depot from $420.00 to $450.00 and gave the company an “overweight” rating in a report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and an average price target of $435.42.

Insiders Place Their Bets

In related news, EVP Angie Brown sold 1,000 shares of Home Depot stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total value of $404,070.00. Following the transaction, the executive vice president directly owned 3,837 shares of the company’s stock, valued at $1,550,416.59. This trade represents a 20.67% 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 that occurred on 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 in the company, valued at $18,348,365.30. This trade represents a 6.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 48,835 shares of company stock valued at $19,623,432 over the last three months. 0.10% of the stock is owned by corporate insiders.

Home Depot Stock Up 2.2%

Shares of HD opened at $387.72 on Wednesday. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37. The firm’s 50 day moving average is $403.56 and its 200-day moving average is $377.52. The stock has a market capitalization of $385.94 billion, a PE ratio of 26.34, a P/E/G ratio of 3.60 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.

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

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors 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 2.4%. The ex-dividend date of this dividend was Thursday, September 4th. Home Depot’s dividend payout ratio (DPR) 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.