The Home Depot, Inc. $HD Shares Sold by Westfield Capital Management Co. LP

Westfield Capital Management Co. LP lessened its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 18.8% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 5,666 shares of the home improvement retailer’s stock after selling 1,312 shares during the quarter. Westfield Capital Management Co. LP’s holdings in Home Depot were worth $2,077,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Legend Financial Advisors Inc. acquired a new position in Home Depot during the 2nd quarter valued at about $28,000. LFA Lugano Financial Advisors SA bought a new stake in Home Depot in the second quarter worth about $32,000. Legacy Investment Solutions LLC acquired a new stake in Home Depot in the 2nd quarter valued at about $35,000. Global X Japan Co. Ltd. bought a new position in shares of Home Depot during the 2nd quarter valued at about $40,000. Finally, GFG Capital LLC bought a new stake in shares of Home Depot in the 2nd quarter worth approximately $40,000. Institutional investors own 70.86% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Morgan Stanley dropped their price target on Home Depot from $430.00 to $395.00 and set an “overweight” rating on the stock in a report on Wednesday. KGI Securities downgraded shares of Home Depot from an “outperform” rating to a “hold” rating and set a $320.00 price target for the company. in a research report on Wednesday. Robert W. Baird cut their target price on shares of Home Depot from $450.00 to $415.00 and set an “outperform” rating on the stock in a research note on Wednesday. Telsey Advisory Group decreased their price objective on Home Depot from $455.00 to $430.00 and set an “outperform” rating for the company in a research report on Wednesday. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $370.00 price objective (down from $440.00) on shares of Home Depot in a research report on Friday, November 14th. Twenty-one research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $410.24.

Insider Buying and Selling

In other Home Depot news, EVP William D. Bastek sold 2,303 shares of Home Depot stock in a transaction on Friday, September 12th. The shares were sold at an average price of $423.12, for a total transaction of $974,445.36. Following the sale, the executive vice president owned 24,235 shares in the company, valued at $10,254,313.20. The trade was a 8.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is currently owned by company insiders.

Home Depot Stock Performance

Shares of NYSE HD opened at $343.22 on Friday. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37. 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 company has a market cap of $341.64 billion, a P/E ratio of 23.32, a P/E/G ratio of 3.59 and a beta of 1.00. The business’s 50 day moving average is $385.34 and its two-hundred day moving average is $381.00.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.09). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The company had revenue of $41.35 billion for the quarter, compared to the consensus estimate of $41.06 billion. During the same period last year, the firm posted $3.78 EPS. The company’s revenue was up 2.8% compared to the same quarter last year. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. On average, equities analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be issued a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Thursday, December 4th. Home Depot’s dividend payout ratio (DPR) is presently 62.71%.

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.