The Home Depot, Inc. $HD Shares Sold by TBH Global Asset Management LLC

TBH Global Asset Management LLC lessened its holdings in The Home Depot, Inc. (NYSE:HD) by 7.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,563 shares of the home improvement retailer’s stock after selling 123 shares during the period. TBH Global Asset Management LLC’s holdings in Home Depot were worth $573,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of HD. Brighton Jones LLC raised its holdings in shares of 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 buying an additional 7,203 shares during the period. AdvisorNet Financial Inc raised its holdings in shares of Home Depot by 1.7% in the 1st quarter. AdvisorNet Financial Inc now owns 5,484 shares of the home improvement retailer’s stock valued at $2,010,000 after buying an additional 92 shares during the period. Rothschild Investment LLC raised its holdings in shares of Home Depot by 1.1% in the 1st quarter. Rothschild Investment LLC now owns 27,430 shares of the home improvement retailer’s stock valued at $10,053,000 after buying an additional 302 shares during the period. Doliver Advisors LP raised its holdings in shares of Home Depot by 3.1% in the 1st quarter. Doliver Advisors LP now owns 3,997 shares of the home improvement retailer’s stock valued at $1,465,000 after buying an additional 120 shares during the period. Finally, Legacy Financial Strategies LLC raised its holdings in shares of Home Depot by 4.0% in the 1st quarter. Legacy Financial Strategies LLC now owns 785 shares of the home improvement retailer’s stock valued at $288,000 after buying an additional 30 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Trading Up 0.7%

NYSE:HD opened at $410.16 on Friday. The stock’s 50 day moving average price is $399.85 and its 200 day moving average price is $374.68. The company has a market capitalization of $408.27 billion, a PE ratio of 27.86, a P/E/G ratio of 3.89 and a beta of 1.00. The company has a quick ratio of 0.34, a current ratio of 1.15 and a debt-to-equity ratio of 4.31. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37.

Home Depot (NYSE:HD) last released its quarterly earnings results 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 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 quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, research analysts anticipate 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 $2.30 dividend. This represents a $9.20 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Thursday, September 4th. Home Depot’s dividend payout ratio (DPR) is 62.50%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on HD shares. Stifel Nicolaus boosted their price objective on Home Depot from $425.00 to $432.00 and gave the company a “buy” rating in a report on Monday, August 18th. Truist Financial upped their price target on Home Depot from $417.00 to $433.00 and gave the stock a “buy” rating in a report on Wednesday, August 13th. Wolfe Research initiated coverage on Home Depot in a report on Thursday, September 18th. They set an “outperform” rating and a $497.00 price target on the stock. TD Securities downgraded Home Depot to a “buy” rating in a report on Monday, June 2nd. Finally, Robert W. Baird upped their price target on Home Depot from $425.00 to $450.00 and gave the stock an “outperform” rating in a report 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. According to MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and an average price target of $436.40.

Insider Buying and Selling

In other Home Depot 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 value of $404,070.00. Following the transaction, the executive vice president directly owned 3,837 shares in the company, valued at approximately $1,550,416.59. This trade represents a 20.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP William D. Bastek sold 3,783 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The shares were 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 48,835 shares of company stock worth $19,623,432. 0.10% of the stock is currently owned by insiders.

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.