Rothschild Investment LLC Sells 274 Shares of The Home Depot, Inc. $HD

Rothschild Investment LLC cut its holdings in The Home Depot, Inc. (NYSE:HD) by 1.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,156 shares of the home improvement retailer’s stock after selling 274 shares during the period. Rothschild Investment LLC’s holdings in Home Depot were worth $9,956,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Centerpoint Advisory Group grew its position in Home Depot by 0.8% in the second quarter. Centerpoint Advisory Group now owns 3,163 shares of the home improvement retailer’s stock worth $1,160,000 after acquiring an additional 26 shares in the last quarter. Disciplined Investors L.L.C. lifted its stake in shares of Home Depot by 2.3% in the 2nd quarter. Disciplined Investors L.L.C. now owns 1,178 shares of the home improvement retailer’s stock valued at $432,000 after purchasing an additional 26 shares during the last quarter. Brio Consultants LLC boosted its holdings in shares of Home Depot by 4.7% in the 2nd quarter. Brio Consultants LLC now owns 574 shares of the home improvement retailer’s stock worth $210,000 after purchasing an additional 26 shares during the period. Client 1ST Advisory Group LLC increased its position in shares of Home Depot by 1.5% during the 1st quarter. Client 1ST Advisory Group LLC now owns 1,878 shares of the home improvement retailer’s stock valued at $688,000 after purchasing an additional 27 shares during the last quarter. Finally, Firethorn Wealth Partners LLC raised its holdings in Home Depot by 1.5% during the 2nd quarter. Firethorn Wealth Partners LLC now owns 1,875 shares of the home improvement retailer’s stock valued at $687,000 after buying an additional 28 shares during the period. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Stock Performance

Shares of NYSE:HD opened at $362.08 on Monday. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $439.37. The firm has a market cap of $360.41 billion, a PE ratio of 24.60, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00. The firm’s 50 day simple moving average is $393.15 and its 200-day simple moving average is $382.00. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15.

Home Depot (NYSE:HD) last released its quarterly earnings data 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). The firm had revenue of $45.28 billion for the quarter, compared to analysts’ expectations of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The company’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 business earned $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 EPS for the current year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Shareholders 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 2.5%. The ex-dividend date was Thursday, September 4th. Home Depot’s dividend payout ratio is presently 62.50%.

Wall Street Analysts Forecast Growth

HD has been the subject of several recent analyst reports. Telsey Advisory Group reaffirmed an “outperform” rating and set a $455.00 price objective on shares of Home Depot in a research note on Thursday. Oppenheimer raised their target price on shares of Home Depot from $400.00 to $420.00 and gave the stock a “market perform” rating in a report on Thursday, September 25th. Wells Fargo & Company cut their price target on shares of Home Depot from $450.00 to $435.00 and set an “overweight” rating on the stock in a report on Tuesday, November 11th. Stifel Nicolaus reissued a “hold” rating and issued a $370.00 price objective (down previously from $440.00) on shares of Home Depot in a research note on Friday. Finally, Gordon Haskett cut their target price on Home Depot from $400.00 to $345.00 in a research note on Monday, November 10th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $429.33.

Insider Buying and Selling at Home Depot

In other news, CFO Richard V. Mcphail sold 3,369 shares of the stock in a transaction that occurred on 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 transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of Home Depot 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 transaction, the executive vice president directly owned 16,057 shares in the company, valued at approximately $6,635,234.11. The trade was a 25.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 48,835 shares of company stock worth $19,623,432. 0.10% of the stock is currently owned by company insiders.

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.