Archford Capital Strategies LLC Cuts Holdings in The Home Depot, Inc. $HD

Key Points

• Archford Capital Strategies LLC reduced its holdings in The Home Depot by 25.9%, owning 9,061 shares valued at $3,322,000 after selling 3,160 shares in the second quarter.
• Other investors have increased their positions, with Brighton Jones LLC raising its stake by 36.5%, now owning 26,918 shares valued at $10,471,000.
• The Home Depot reported a missed EPS estimate at $4.68 for the latest quarter, alongside a revenue of $45.28 billion, which was also below analyst expectations.

Archford Capital Strategies LLC trimmed its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 25.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,061 shares of the home improvement retailer's stock after selling 3,160 shares during the period. Archford Capital Strategies LLC's holdings in Home Depot were worth $3,322,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Brighton Jones LLC lifted its position in shares of Home Depot by 36.5% during the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer's stock valued at $10,471,000 after acquiring an additional 7,203 shares during the period. Fifth Third Wealth Advisors LLC lifted its position in shares of Home Depot by 9.0% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 39,688 shares of the home improvement retailer's stock valued at $14,545,000 after acquiring an additional 3,293 shares during the period. Bowman & Co S.C. lifted its position in shares of Home Depot by 5.0% during the 1st quarter. Bowman & Co S.C. now owns 9,324 shares of the home improvement retailer's stock valued at $3,419,000 after acquiring an additional 447 shares during the period. Abner Herrman & Brock LLC lifted its position in shares of Home Depot by 2.0% during the 1st quarter. Abner Herrman & Brock LLC now owns 36,245 shares of the home improvement retailer's stock valued at $13,284,000 after acquiring an additional 719 shares during the period. Finally, Aletheian Wealth Advisors LLC lifted its position in shares of Home Depot by 16.1% during the 1st quarter. Aletheian Wealth Advisors LLC now owns 1,119 shares of the home improvement retailer's stock valued at $410,000 after acquiring an additional 155 shares during the period. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Trading Up 0.7%

Shares of Home Depot stock opened at $410.16 on Monday. 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 company has a market capitalization of $408.27 billion, a P/E ratio of 27.86, a P/E/G ratio of 3.89 and a beta of 1.00. The business has a 50 day moving average price of $399.85 and a 200 day moving average price of $374.87.

Home Depot (NYSE:HD - Get Free Report) last issued 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 analyst estimates of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The company's revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Sell-side analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were issued a $2.30 dividend. The ex-dividend date was Thursday, September 4th. This represents a $9.20 annualized dividend and a yield of 2.2%. Home Depot's payout ratio is 62.50%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on HD. Wolfe Research began coverage on shares of Home Depot in a research report on Thursday, September 18th. They set an "outperform" rating and a $497.00 price target for the company. Wells Fargo & Company lifted 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. Mizuho lifted their price target on shares of Home Depot from $435.00 to $450.00 and gave the company an "outperform" rating in a research report on Wednesday, August 20th. DA Davidson reiterated a "buy" rating and set a $450.00 price target on shares of Home Depot in a research report on Tuesday, August 19th. Finally, TD Securities downgraded Home Depot to a "buy" rating in a research report on Monday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $436.40.

Insider Buying and Selling

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,483 shares of the business's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $413.23, for a total value of $2,265,740.09. Following the completion of the transaction, the executive vice president directly owned 16,057 shares in the company, valued at approximately $6,635,234.11. The trade was a 25.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP William D. Bastek sold 3,783 shares of the business's stock in a transaction 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 transaction, the executive vice president owned 24,235 shares of the company's stock, valued at $9,941,924.05. This trade represents a 13.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 48,835 shares of company stock worth $19,623,432 in the last three months. 0.10% of the stock is currently owned by insiders.

About Home Depot

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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