Ameritas Advisory Services LLC Sells 5,854 Shares of The Home Depot, Inc. $HD

Key Points

• Ameritas Advisory Services LLC reduced its holdings in The Home Depot by 38.8%, selling 5,854 shares during the second quarter, leaving them with 9,234 shares valued at approximately $3.39 million.
• Home Depot reported a second-quarter earnings per share (EPS) of $4.68, slightly below analysts' estimates of $4.69, despite a 4.9% revenue increase year-over-year to $45.28 billion.
• The company recently declared a quarterly dividend of $2.30 per share, with an annualized yield of 2.3% and a dividend payout ratio of 62.50%.

Ameritas Advisory Services LLC lowered its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 38.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,234 shares of the home improvement retailer's stock after selling 5,854 shares during the quarter. Ameritas Advisory Services LLC's holdings in Home Depot were worth $3,386,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in HD. Tower View Wealth Management LLC increased its holdings in shares of Home Depot by 4.3% during the second quarter. Tower View Wealth Management LLC now owns 16,196 shares of the home improvement retailer's stock worth $5,938,000 after buying an additional 671 shares in the last quarter. Ransom Advisory Ltd acquired a new stake in shares of Home Depot during the first quarter worth approximately $3,851,000. Financial Gravity Asset Management Inc. acquired a new stake in shares of Home Depot during the first quarter worth approximately $406,000. Arbor Capital Management Inc. ADV increased its holdings in shares of Home Depot by 4.8% during the first quarter. Arbor Capital Management Inc. ADV now owns 4,784 shares of the home improvement retailer's stock worth $1,757,000 after buying an additional 221 shares in the last quarter. Finally, Focus Partners Wealth increased its holdings in shares of Home Depot by 4.1% during the first quarter. Focus Partners Wealth now owns 423,287 shares of the home improvement retailer's stock worth $155,131,000 after buying an additional 16,654 shares in the last quarter. Institutional investors own 70.86% of the company's stock.

Home Depot Price Performance

Shares of HD stock opened at $394.88 on Friday. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37. The stock has a market cap of $393.06 billion, a PE ratio of 26.83, a PEG ratio of 3.75 and a beta of 1.00. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15. The firm's 50 day moving average price is $402.63 and its two-hundred day moving average price is $376.21.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings data 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). Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The business had revenue of $45.28 billion during the quarter, compared to the consensus estimate of $45.43 billion. During the same period in the previous year, the business posted $4.60 earnings per share. Home Depot's 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. As a group, analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were paid a $2.30 dividend. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a yield of 2.3%. Home Depot's dividend payout ratio (DPR) is presently 62.50%.

Analysts Set New Price Targets

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 report on Tuesday, August 19th. JPMorgan Chase & Co. dropped their price objective on shares of Home Depot from $460.00 to $452.00 and set an "overweight" rating for the company in a report on Wednesday, August 20th. DA Davidson reaffirmed a "buy" rating and set a $450.00 price objective on shares of Home Depot in a report on Tuesday, August 19th. Wolfe Research assumed coverage on shares of Home Depot in a research note on Thursday, September 18th. They set an "outperform" rating and a $497.00 price target on the stock. Finally, Stifel Nicolaus increased their price target on shares of Home Depot from $425.00 to $432.00 and gave the company a "buy" rating in a research note on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $436.40.

Insider Transactions at Home Depot

In other Home Depot news, CEO Edward P. Decker sold 32,897 shares of the stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $397.22, for a total value of $13,067,346.34. Following the sale, the chief executive officer directly owned 122,425 shares in the company, valued at approximately $48,629,658.50. This trade represents a 21.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Richard V. Mcphail sold 3,369 shares of the stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $403.66, for a total transaction of $1,359,930.54. Following the completion of the sale, the chief financial officer 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 disclosure for this sale can be found here. In the last quarter, insiders sold 48,835 shares of company stock valued at $19,623,432. 0.10% of the stock is currently owned by company 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.

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