LJI Wealth Management LLC Sells 42 Shares of The Home Depot, Inc. $HD

LJI Wealth Management LLC reduced its holdings in The Home Depot, Inc. (NYSE:HD) by 2.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,632 shares of the home improvement retailer’s stock after selling 42 shares during the quarter. LJI Wealth Management LLC’s holdings in Home Depot were worth $598,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Legend Financial Advisors Inc. bought a new stake in shares of Home Depot in the second quarter worth about $28,000. Abound Financial LLC bought a new stake in shares of Home Depot in the first quarter worth about $31,000. Iron Horse Wealth Management LLC increased its holdings in shares of Home Depot by 86.8% in the first quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer’s stock worth $36,000 after acquiring an additional 46 shares in the last quarter. Global X Japan Co. Ltd. bought a new stake in shares of Home Depot in the second quarter worth about $40,000. Finally, GFG Capital LLC bought a new stake in shares of Home Depot in the second quarter worth about $40,000. 70.86% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Mizuho increased their price objective on Home Depot from $435.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, August 20th. Weiss Ratings reiterated a “buy (b)” rating on shares of Home Depot in a report on Wednesday, October 8th. JPMorgan Chase & Co. decreased their price objective on Home Depot from $460.00 to $452.00 and set an “overweight” rating for the company in a report on Wednesday, August 20th. Oppenheimer increased their price objective on Home Depot from $400.00 to $420.00 and gave the stock a “market perform” rating in a report on Thursday, September 25th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $455.00 price objective on shares of Home Depot in a report on Tuesday, August 19th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $435.42.

Home Depot Stock Performance

Shares of NYSE HD opened at $385.06 on Friday. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $439.37. The stock has a market capitalization of $383.29 billion, a PE ratio of 26.16, a price-to-earnings-growth ratio of 3.69 and a beta of 1.00. The stock has a 50 day moving average price of $402.93 and a 200 day moving average price of $378.83. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15.

Home Depot (NYSE:HD) last released 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). 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 analyst estimates of $45.43 billion. During the same period in the previous year, the business earned $4.60 earnings per share. The business’s quarterly 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. Analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were issued a dividend of $2.30 per share. 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 dividend payout ratio (DPR) is presently 62.50%.

Insider Buying and Selling at Home Depot

In related news, EVP Angie Brown sold 1,000 shares of Home Depot stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $404.07, for a total transaction of $404,070.00. Following the completion of the sale, the executive vice president directly owned 3,837 shares of the company’s stock, valued at approximately $1,550,416.59. This trade represents a 20.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Richard V. Mcphail sold 3,369 shares of Home Depot stock in a transaction that occurred 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 of the company’s stock, valued at approximately $18,348,365.30. The trade was a 6.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 48,835 shares of company stock worth $19,623,432 in the last 90 days. Company insiders own 0.10% of the company’s stock.

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.