Flaharty Asset Management LLC Has $897,000 Stock Holdings in The Home Depot, Inc. $HD

Flaharty Asset Management LLC cut its holdings in The Home Depot, Inc. (NYSE:HD) by 3.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 2,449 shares of the home improvement retailer’s stock after selling 79 shares during the quarter. Flaharty Asset Management LLC’s holdings in Home Depot were worth $897,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Brighton Jones LLC lifted its stake in Home Depot by 36.5% in the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock valued at $10,471,000 after acquiring an additional 7,203 shares in the last quarter. Bank Pictet & Cie Europe AG lifted its stake in Home Depot by 4.9% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 12,204 shares of the home improvement retailer’s stock valued at $4,747,000 after acquiring an additional 565 shares in the last quarter. Lighthouse Investment Partners LLC bought a new stake in Home Depot in the 4th quarter valued at approximately $2,549,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Home Depot by 1.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 167,004 shares of the home improvement retailer’s stock valued at $64,963,000 after acquiring an additional 2,543 shares in the last quarter. Finally, Napa Wealth Management lifted its stake in Home Depot by 937.9% in the 4th quarter. Napa Wealth Management now owns 5,397 shares of the home improvement retailer’s stock valued at $2,099,000 after acquiring an additional 4,877 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Home Depot

In other news, EVP William D. Bastek sold 3,783 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $410.23, for a total transaction of $1,551,900.09. Following the sale, the executive vice president directly owned 24,235 shares of the company’s stock, valued at approximately $9,941,924.05. This represents a 13.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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. The disclosure for this sale can be found here. Insiders sold a total of 46,532 shares of company stock worth $18,648,987 in the last quarter. 0.10% of the stock is currently owned by corporate insiders.

Home Depot Stock Down 1.1%

HD opened at $415.53 on Wednesday. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37. The stock’s fifty day simple moving average is $387.12 and its 200 day simple moving average is $371.68. 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 stock has a market cap of $413.61 billion, a PE ratio of 28.23, a price-to-earnings-growth ratio of 3.98 and a beta of 1.00.

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 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 business had revenue of $45.28 billion during the quarter, compared to the consensus estimate of $45.43 billion. During the same quarter last year, the company posted $4.60 EPS. The firm’s revenue was up 4.9% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, research analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be issued a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, September 4th. Home Depot’s dividend payout ratio is 62.50%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Robert W. Baird boosted their target price on Home Depot from $425.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, August 20th. Stifel Nicolaus upped their price objective on Home Depot from $425.00 to $432.00 and gave the stock a “buy” rating in a research note on Monday, August 18th. Truist Financial upped their price objective on Home Depot from $417.00 to $433.00 and gave the stock a “buy” rating in a research note on Wednesday, August 13th. Sanford C. Bernstein reiterated a “market perform” rating and set a $398.00 price objective (up previously from $380.00) on shares of Home Depot in a research note on Wednesday, May 21st. Finally, Morgan Stanley upped their price objective on Home Depot from $415.00 to $430.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and an average target price of $432.52.

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.