The Home Depot, Inc. $HD Shares Sold by Tobam

Tobam lowered its position in shares of The Home Depot, Inc. (NYSE:HD) by 67.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 287 shares of the home improvement retailer’s stock after selling 590 shares during the period. Tobam’s holdings in Home Depot were worth $105,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Legend Financial Advisors Inc. purchased a new position in shares of Home Depot in the 2nd quarter valued at $28,000. LFA Lugano Financial Advisors SA acquired a new position in Home Depot in the 2nd quarter valued at about $32,000. Legacy Investment Solutions LLC purchased a new position in Home Depot during the 2nd quarter worth $35,000. Global X Japan Co. Ltd. acquired a new position in shares of Home Depot during the second quarter worth about $40,000. Finally, GFG Capital LLC purchased a new stake in Home Depot in the 2nd quarter valued at approximately $40,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on HD shares. Sanford C. Bernstein upped their price target on shares of Home Depot from $403.00 to $406.00 and gave the stock a “market perform” rating in a research note on Friday, November 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of Home Depot in a research report on Wednesday, October 8th. Robert W. Baird upped their price target on Home Depot from $425.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, August 20th. Wolfe Research assumed coverage on Home Depot in a research note on Thursday, September 18th. They issued an “outperform” rating and a $497.00 price objective for the company. Finally, Mizuho boosted their target price on Home Depot from $435.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $433.00.

Insider Activity

In related news, EVP Angie Brown sold 1,000 shares of the firm’s 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 owned 3,837 shares in the company, valued at approximately $1,550,416.59. This trade represents a 20.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Edward P. Decker sold 32,897 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $397.22, for a total transaction of $13,067,346.34. Following the completion of the sale, the chief executive officer directly owned 122,425 shares of the company’s stock, valued at $48,629,658.50. The trade was a 21.18% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 48,835 shares of company stock valued at $19,623,432 in the last 90 days. 0.10% of the stock is owned by corporate insiders.

Home Depot Trading Down 0.9%

NYSE HD opened at $370.87 on Thursday. The company has a 50-day moving average of $395.17 and a 200-day moving average of $381.75. 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 Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37. The company has a market cap of $369.16 billion, a P/E ratio of 25.19, a P/E/G ratio of 3.59 and a beta of 1.00.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $45.43 billion. Home Depot’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, equities analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were given a $2.30 dividend. This represents a $9.20 annualized dividend and a dividend yield of 2.5%. 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.