Values Added Financial LLC Sells 41 Shares of The Home Depot, Inc. $HD

Values Added Financial LLC cut its stake in The Home Depot, Inc. (NYSE:HD) by 1.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,074 shares of the home improvement retailer’s stock after selling 41 shares during the quarter. Values Added Financial LLC’s holdings in Home Depot were worth $760,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Legend Financial Advisors Inc. purchased a new position in shares of Home Depot in the second quarter worth approximately $28,000. Abound Financial LLC purchased a new position in shares of Home Depot in the first quarter worth approximately $31,000. Iron Horse Wealth Management LLC boosted 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 buying an additional 46 shares during the last quarter. Global X Japan Co. Ltd. purchased a new position in shares of Home Depot in the second quarter worth approximately $40,000. Finally, Compass Financial Services Inc purchased a new position in shares of Home Depot in the first quarter worth approximately $41,000. 70.86% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Teresa Wynn Roseborough sold 5,483 shares of the business’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $413.23, for a total value of $2,265,740.09. Following the sale, the executive vice president 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Angie Brown sold 1,000 shares of the business’s stock in a transaction 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 owned 3,837 shares in the company, valued at $1,550,416.59. This represents a 20.67% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 48,835 shares of company stock valued at $19,623,432. Company insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on HD. Truist Financial raised their price objective on shares of Home Depot from $417.00 to $433.00 and gave the stock a “buy” rating in a report on Wednesday, August 13th. JPMorgan Chase & Co. decreased their target price on shares of Home Depot from $460.00 to $452.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 20th. Stifel Nicolaus raised their target price on shares of Home Depot from $425.00 to $432.00 and gave the stock a “buy” rating in a research note on Monday, August 18th. Wolfe Research initiated coverage on shares of Home Depot in a research note on Thursday, September 18th. They set an “outperform” rating and a $497.00 target price on the stock. Finally, Morgan Stanley raised their target price on shares of Home Depot from $415.00 to $430.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $435.42.

Home Depot Trading Down 0.8%

Home Depot stock opened at $383.84 on Thursday. The stock has a market cap of $382.07 billion, a P/E ratio of 26.08, a PEG ratio of 3.67 and a beta of 1.00. 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 1 year low of $326.31 and a 1 year high of $439.37. The firm’s 50 day moving average price is $403.30 and its 200-day moving average price is $376.89.

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 the consensus estimate of $4.69 by ($0.01). The company had revenue of $45.28 billion for the quarter, compared to the consensus estimate of $45.43 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The company’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, equities analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were given a dividend of $2.30 per share. The ex-dividend date was Thursday, September 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.4%. Home Depot’s dividend payout ratio (DPR) is presently 62.50%.

Home Depot Company 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.