The Home Depot, Inc. $HD Shares Sold by Prostatis Group LLC

Prostatis Group LLC trimmed its position in The Home Depot, Inc. (NYSE:HD) by 11.5% in the first quarter, HoldingsChannel.com reports. The firm owned 5,213 shares of the home improvement retailer’s stock after selling 678 shares during the quarter. Prostatis Group LLC’s holdings in Home Depot were worth $1,911,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of HD. Abound Financial LLC bought a new stake in shares of Home Depot during the 1st quarter worth $31,000. Iron Horse Wealth Management LLC lifted its holdings in shares of Home Depot by 86.8% during the first quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer’s stock valued at $36,000 after purchasing an additional 46 shares during the last quarter. Quest 10 Wealth Builders Inc. lifted its holdings in shares of Home Depot by 35.7% during the first quarter. Quest 10 Wealth Builders Inc. now owns 114 shares of the home improvement retailer’s stock valued at $42,000 after purchasing an additional 30 shares during the last quarter. Spurstone Advisory Services LLC acquired a new position in shares of Home Depot in the 4th quarter valued at $45,000. Finally, Vega Investment Solutions acquired a new position in shares of Home Depot in the 4th quarter valued at $46,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Performance

Shares of NYSE HD opened at $420.20 on Tuesday. 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 one year low of $326.31 and a one year high of $439.37. The business’s 50-day moving average price is $386.27 and its two-hundred day moving average price is $371.38. The company has a market capitalization of $418.26 billion, a P/E ratio of 28.55, a price-to-earnings-growth ratio of 3.97 and a beta of 1.00.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.69 by ($0.01). Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The firm had revenue of $45.28 billion for the quarter, compared to analyst estimates of $45.43 billion. During the same quarter in the prior year, the firm earned $4.60 earnings per share. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Robert W. Baird upped their price objective on shares of Home Depot from $425.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, August 20th. Royal Bank Of Canada dropped their target price on shares of Home Depot from $424.00 to $399.00 and set a “sector perform” rating on the stock in a research report on Thursday, May 15th. Wells Fargo & Company upped their price target on shares of Home Depot from $420.00 to $450.00 and gave the company an “overweight” rating in a research report on Wednesday, August 20th. Evercore ISI set a $400.00 price objective on shares of Home Depot and gave the stock an “outperform” rating in a research note on Thursday, May 22nd. Finally, Gordon Haskett lifted their price objective on shares of Home Depot from $350.00 to $360.00 in a research report on Tuesday, May 20th. One investment 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. According to data from MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and an average target price of $432.52.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Angie Brown sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $404.07, for a total transaction of $404,070.00. Following the transaction, the executive vice president directly owned 3,837 shares in the company, valued at $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 Securities & Exchange Commission, which is available at the SEC website. Also, EVP William D. Bastek sold 3,783 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $410.23, for a total value of $1,551,900.09. Following the completion of the sale, the executive vice president directly owned 24,235 shares of the company’s stock, valued at $9,941,924.05. This represents a 13.50% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 46,532 shares of company stock worth $18,648,987 in the last ninety days. Company insiders own 0.10% of the company’s stock.

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.