Arete Wealth Advisors LLC Lowers Holdings in The Home Depot, Inc. $HD

Key Points

• Arete Wealth Advisors LLC reduced its stake in The Home Depot by 16.7% in the first quarter, bringing its holdings to $6.58 million as of its latest SEC filing.
• The Home Depot recently declared a quarterly dividend of $2.30 per share, which results in an annualized dividend of $9.20 and a yield of 2.2%.
• Home Depot's quarterly earnings report showed an EPS of $4.68, slightly missing analysts' expectations and highlighting a 4.9% increase in revenue compared to the same period last year.

Arete Wealth Advisors LLC decreased its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 16.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,960 shares of the home improvement retailer's stock after selling 3,591 shares during the period. Arete Wealth Advisors LLC's holdings in Home Depot were worth $6,583,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Invst LLC boosted its holdings in Home Depot by 0.4% during the 4th quarter. Invst LLC now owns 6,738 shares of the home improvement retailer's stock valued at $2,621,000 after acquiring an additional 28 shares during the period. Financial Insights Inc. boosted its holdings in Home Depot by 3.3% during the 1st quarter. Financial Insights Inc. now owns 880 shares of the home improvement retailer's stock valued at $323,000 after acquiring an additional 28 shares during the period. Wayfinding Financial LLC boosted its holdings in Home Depot by 1.2% during the 1st quarter. Wayfinding Financial LLC now owns 2,353 shares of the home improvement retailer's stock valued at $862,000 after acquiring an additional 28 shares during the period. Pure Portfolios Holdings LLC boosted its holdings in Home Depot by 4.7% during the 1st quarter. Pure Portfolios Holdings LLC now owns 623 shares of the home improvement retailer's stock valued at $228,000 after acquiring an additional 28 shares during the period. Finally, First Interstate Bank boosted its holdings in Home Depot by 0.3% during the 1st quarter. First Interstate Bank now owns 9,020 shares of the home improvement retailer's stock valued at $3,306,000 after acquiring an additional 28 shares during the period. Institutional investors own 70.86% of the company's stock.

Analysts Set New Price Targets

HD has been the subject of a number of research analyst reports. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $455.00 price target on shares of Home Depot in a research note on Tuesday, August 19th. 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 report on Wednesday, August 20th. Morgan Stanley lifted their price target on shares of Home Depot from $415.00 to $430.00 and gave the company an "overweight" rating in a report on Wednesday, August 20th. Robert W. Baird lifted their price target on shares of Home Depot from $425.00 to $450.00 and gave the company an "outperform" rating in a report on Wednesday, August 20th. Finally, Evercore ISI set a $400.00 price target on shares of Home Depot and gave the company an "outperform" rating in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Home Depot presently has an average rating of "Moderate Buy" and an average price target of $432.52.

Home Depot Stock Down 0.0%

HD stock traded down $0.09 on Friday, reaching $423.33. 5,003,133 shares of the company traded hands, compared to its average volume of 3,571,611. The company has a market cap of $421.38 billion, a P/E ratio of 28.76, a price-to-earnings-growth ratio of 3.92 and a beta of 1.00. The firm has a fifty day simple moving average of $388.99 and a 200-day simple moving average of $372.26. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $439.37. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.34.

Home Depot (NYSE:HD - Get Free Report) last posted its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 EPS for the quarter, missing analysts' consensus estimates of $4.69 by ($0.01). The business had revenue of $45.28 billion during the quarter, compared to the consensus estimate of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The firm's revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the previous year, the business posted $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Research analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be issued a $2.30 dividend. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.2%. Home Depot's dividend payout ratio (DPR) is presently 62.50%.

Insider Transactions at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 5,483 shares of the firm'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 transaction, the executive vice president directly owned 16,057 shares in the company, valued at $6,635,234.11. This trade represents a 25.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Edward P. Decker sold 32,897 shares of Home Depot 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 transaction, the chief executive officer owned 122,425 shares in the company, valued at $48,629,658.50. This trade represents a 21.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 46,532 shares of company stock worth $18,648,987. Company insiders own 0.10% of the company's stock.

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.