L & S Advisors Inc Sells 174 Shares of The Home Depot, Inc. $HD

L & S Advisors Inc reduced its stake in The Home Depot, Inc. (NYSE:HD) by 2.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,706 shares of the home improvement retailer’s stock after selling 174 shares during the quarter. L & S Advisors Inc’s holdings in Home Depot were worth $2,825,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. AJ Advisors LLC grew its stake in shares of Home Depot by 4.0% during the 2nd quarter. AJ Advisors LLC now owns 1,635 shares of the home improvement retailer’s stock worth $599,000 after acquiring an additional 63 shares in the last quarter. Burling Wealth Partners LLC grew its position in Home Depot by 9.5% in the second quarter. Burling Wealth Partners LLC now owns 11,397 shares of the home improvement retailer’s stock valued at $4,178,000 after purchasing an additional 987 shares in the last quarter. Oak Harvest Investment Services increased its stake in Home Depot by 4.4% in the 2nd quarter. Oak Harvest Investment Services now owns 32,398 shares of the home improvement retailer’s stock valued at $11,878,000 after buying an additional 1,352 shares during the last quarter. Nixon Peabody Trust Co. lifted its position in Home Depot by 4.9% during the 2nd quarter. Nixon Peabody Trust Co. now owns 14,064 shares of the home improvement retailer’s stock worth $5,156,000 after buying an additional 662 shares in the last quarter. Finally, Intrua Financial LLC boosted its stake in shares of Home Depot by 103.3% during the 2nd quarter. Intrua Financial LLC now owns 1,681 shares of the home improvement retailer’s stock worth $616,000 after buying an additional 854 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

HD has been the topic of a number of recent research reports. 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. Truist Financial dropped their price objective on Home Depot from $454.00 to $421.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. Stifel Nicolaus boosted 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. Morgan Stanley upped their price target on shares of Home Depot from $415.00 to $430.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 20th. Finally, Wells Fargo & Company decreased 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 report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and an average target price of $433.00.

Insider Activity

In other Home Depot news, EVP William D. Bastek sold 3,783 shares of Home Depot stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $410.23, for a total value of $1,551,900.09. Following the completion of the transaction, the executive vice president directly owned 24,235 shares of the company’s stock, valued at $9,941,924.05. The trade was a 13.50% 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, CFO Richard V. Mcphail sold 3,369 shares of the stock in a transaction 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 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 48,835 shares of company stock worth $19,623,432. 0.10% of the stock is currently owned by insiders.

Home Depot Stock Down 0.9%

Shares of HD opened at $367.70 on Friday. The firm has a market cap of $366.00 billion, a P/E ratio of 24.98, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $439.37. The firm’s 50-day simple moving average is $394.28 and its 200 day simple moving average is $381.65.

Home Depot (NYSE:HD) last posted 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). Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The firm had revenue of $45.28 billion during the quarter, compared to analyst estimates of $45.43 billion. During the same period in the previous year, the company posted $4.60 EPS. 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. On average, analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were given a dividend of $2.30 per share. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a yield of 2.5%. Home Depot’s dividend payout ratio is currently 62.50%.

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.