Centerpoint Advisors LLC Sells 495 Shares of The Home Depot, Inc. $HD

Centerpoint Advisors LLC lessened its stake in shares of The Home Depot, Inc. (NYSE:HD) by 20.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,874 shares of the home improvement retailer’s stock after selling 495 shares during the quarter. Centerpoint Advisors LLC’s holdings in Home Depot were worth $687,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Legend Financial Advisors Inc. acquired a new position in shares of Home Depot during the second quarter worth $28,000. Abound Financial LLC acquired a new position in shares of Home Depot during the first quarter worth $31,000. Iron Horse Wealth Management LLC lifted its holdings in shares of Home Depot by 86.8% during the first quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer’s stock worth $36,000 after purchasing an additional 46 shares during the period. Global X Japan Co. Ltd. acquired a new position in shares of Home Depot during the second quarter worth $40,000. Finally, GFG Capital LLC acquired a new position in shares of Home Depot during the second quarter worth $40,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Transactions at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,483 shares of Home Depot stock in a transaction 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 completion of the sale, the executive vice president directly owned 16,057 shares of the company’s stock, valued at approximately $6,635,234.11. The trade was a 25.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP William D. Bastek sold 2,303 shares of Home Depot stock in a transaction on 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 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. The disclosure for this sale can be found here. In the last quarter, insiders sold 48,835 shares of company stock valued at $19,623,432. 0.10% of the stock is owned by insiders.

Home Depot Trading Down 0.3%

HD opened at $385.44 on Tuesday. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37. The company has a current ratio of 1.15, a quick ratio of 0.34 and a debt-to-equity ratio of 4.31. The company has a market cap of $383.66 billion, a P/E ratio of 26.18, a price-to-earnings-growth ratio of 3.67 and a beta of 1.00. The company has a fifty day moving average price of $402.49 and a two-hundred day moving average price of $379.90.

Home Depot (NYSE:HD) last posted its quarterly 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). Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The company had revenue of $45.28 billion during the quarter, compared to the consensus estimate of $45.43 billion. During the same period last year, the firm posted $4.60 earnings per share. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. 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 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were paid a $2.30 dividend. This represents a $9.20 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Thursday, September 4th. Home Depot’s payout ratio is 62.50%.

Analyst Ratings Changes

HD has been the topic of a number of recent research reports. Mizuho lifted their price target on shares of Home Depot from $435.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, August 20th. Stifel Nicolaus boosted their target price 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. Telsey Advisory Group restated an “outperform” rating and issued a $455.00 target price on shares of Home Depot in a report on Tuesday, August 19th. Truist Financial boosted their target price on shares of Home Depot from $417.00 to $433.00 and gave the company a “buy” rating in a report on Wednesday, August 13th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Home Depot in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $434.35.

About Home Depot

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.