The Home Depot, Inc. $HD Shares Sold by Alta Wealth Advisors LLC

Alta Wealth Advisors LLC cut its stake in shares of The Home Depot, Inc. (NYSE:HD) by 6.2% in the second quarter, HoldingsChannel.com reports. The fund owned 548 shares of the home improvement retailer’s stock after selling 36 shares during the period. Alta Wealth Advisors LLC’s holdings in Home Depot were worth $201,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Gemmer Asset Management LLC raised its position in Home Depot by 2.3% during the second quarter. Gemmer Asset Management LLC now owns 4,623 shares of the home improvement retailer’s stock worth $1,695,000 after acquiring an additional 106 shares during the period. Marietta Wealth Management LLC raised its position in Home Depot by 3.4% during the second quarter. Marietta Wealth Management LLC now owns 31,075 shares of the home improvement retailer’s stock worth $11,393,000 after acquiring an additional 1,009 shares during the period. Simplicity Wealth LLC raised its position in Home Depot by 84.5% during the second quarter. Simplicity Wealth LLC now owns 23,099 shares of the home improvement retailer’s stock worth $8,469,000 after acquiring an additional 10,581 shares during the period. OLD National Bancorp IN raised its position in shares of Home Depot by 17.2% in the second quarter. OLD National Bancorp IN now owns 25,935 shares of the home improvement retailer’s stock valued at $9,509,000 after buying an additional 3,804 shares during the last quarter. Finally, Carolina Wealth Advisors LLC raised its position in shares of Home Depot by 1,131.6% in the second quarter. Carolina Wealth Advisors LLC now owns 234 shares of the home improvement retailer’s stock valued at $86,000 after buying an additional 215 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Trading Down 0.0%

Shares of HD opened at $394.88 on Friday. 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 Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $439.37. The firm has a 50-day moving average price of $402.63 and a 200 day moving average price of $376.37. The firm has a market capitalization of $393.06 billion, a P/E ratio of 26.83, a P/E/G ratio of 3.75 and a beta of 1.00.

Home Depot (NYSE:HD) last announced its quarterly earnings data 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). The firm had revenue of $45.28 billion during the quarter, compared to analysts’ expectations of $45.43 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The company’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 company posted $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Sell-side analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were paid a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Thursday, September 4th. Home Depot’s dividend payout ratio (DPR) is 62.50%.

Insider Activity at Home Depot

In other Home Depot news, CFO Richard V. Mcphail sold 3,369 shares of the stock in a transaction dated 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 owned 45,455 shares of the company’s stock, valued at $18,348,365.30. This trade represents a 6.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $413.23, for a total transaction of $2,265,740.09. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 48,835 shares of company stock valued at $19,623,432 over the last quarter. 0.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on HD shares. Truist Financial increased their target price on shares of Home Depot from $417.00 to $433.00 and gave the company a “buy” rating in a research report on Wednesday, August 13th. Oppenheimer increased their target price on shares of Home Depot from $400.00 to $420.00 and gave the company a “market perform” rating in a research report on Thursday, September 25th. Morgan Stanley increased their target price on shares of Home Depot from $415.00 to $430.00 and gave the company an “overweight” rating in a research report on Wednesday, August 20th. Telsey Advisory Group reiterated an “outperform” rating and issued a $455.00 target price on shares of Home Depot in a research report on Tuesday, August 19th. Finally, Mizuho increased their target price on shares of Home Depot from $435.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and a consensus target price of $436.40.

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.