The Home Depot, Inc. $HD Shares Sold by Creekside Partners

Creekside Partners reduced its position in The Home Depot, Inc. (NYSE:HD) by 9.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,288 shares of the home improvement retailer’s stock after selling 137 shares during the period. Creekside Partners’ holdings in Home Depot were worth $472,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of HD. Evernest Financial Advisors LLC lifted its position in Home Depot by 6.7% during the 2nd quarter. Evernest Financial Advisors LLC now owns 3,646 shares of the home improvement retailer’s stock worth $1,337,000 after acquiring an additional 229 shares in the last quarter. Omnia Family Wealth LLC lifted its position in Home Depot by 43.8% during the 2nd quarter. Omnia Family Wealth LLC now owns 1,765 shares of the home improvement retailer’s stock worth $647,000 after acquiring an additional 538 shares in the last quarter. Turtle Creek Wealth Advisors LLC lifted its position in Home Depot by 9.4% during the 2nd quarter. Turtle Creek Wealth Advisors LLC now owns 23,797 shares of the home improvement retailer’s stock worth $8,725,000 after acquiring an additional 2,048 shares in the last quarter. Nvest Financial LLC acquired a new position in Home Depot during the 2nd quarter worth approximately $221,000. Finally, WealthPlan Investment Management LLC acquired a new position in Home Depot during the 2nd quarter worth approximately $1,149,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Richard V. Mcphail sold 3,369 shares of the business’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $403.66, for a total value of $1,359,930.54. Following the completion of the sale, the chief financial officer directly owned 45,455 shares in the company, valued at approximately $18,348,365.30. The trade was a 6.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP William D. Bastek sold 2,303 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $423.12, for a total value of $974,445.36. Following the completion of the sale, the executive vice president owned 24,235 shares of the company’s stock, valued at $10,254,313.20. This trade represents a 8.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety 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

HD stock opened at $388.49 on Thursday. The company has a quick ratio of 0.34, a current ratio of 1.15 and a debt-to-equity ratio of 4.31. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37. The stock’s 50 day moving average is $403.59 and its two-hundred day moving average is $377.59. The company has a market capitalization of $386.70 billion, a PE ratio of 26.39, a P/E/G ratio of 3.68 and a beta of 1.00.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.69 by ($0.01). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The business had revenue of $45.28 billion for the quarter, compared to analysts’ expectations of $45.43 billion. During the same quarter in the prior year, the firm earned $4.60 earnings per share. Home Depot’s revenue for the quarter 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 predict that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Thursday, September 4th. Home Depot’s payout ratio is 62.50%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Stifel Nicolaus boosted their price target on Home Depot from $425.00 to $432.00 and gave the stock a “buy” rating in a research report on Monday, August 18th. DA Davidson reissued a “buy” rating and set a $450.00 price target on shares of Home Depot in a research report on Tuesday, August 19th. Truist Financial boosted their price target on Home Depot from $417.00 to $433.00 and gave the stock a “buy” rating in a research report on Wednesday, August 13th. Weiss Ratings reissued a “buy (b)” rating on shares of Home Depot in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. reduced their price target on Home Depot from $460.00 to $452.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and a consensus price target of $435.42.

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.