The Home Depot, Inc. $HD Shares Sold by Baader Bank Aktiengesellschaft

Key Points

• Baader Bank Aktiengesellschaft reduced its stake in The Home Depot by 19.3%, selling 1,454 shares in the second quarter, resulting in a remaining ownership of 6,063 shares worth $2.22 million.
• In contrast, Asset Planning Services Inc. LA ADV dramatically increased its holdings by 99,400.7% during the first quarter, now owning over 18.9 million shares valued at nearly $7 billion.
• Recent earnings reported by Home Depot showed EPS of $4.68, missing estimates slightly, while revenue increased by 4.9% year-over-year.

Baader Bank Aktiengesellschaft decreased its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 19.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,063 shares of the home improvement retailer's stock after selling 1,454 shares during the period. Baader Bank Aktiengesellschaft's holdings in Home Depot were worth $2,217,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Ayrshire Capital Management LLC boosted its position in shares of Home Depot by 2.8% during the second quarter. Ayrshire Capital Management LLC now owns 16,083 shares of the home improvement retailer's stock valued at $5,897,000 after buying an additional 437 shares during the last quarter. Sunflower Bank N.A. boosted its position in shares of Home Depot by 1.5% during the second quarter. Sunflower Bank N.A. now owns 2,007 shares of the home improvement retailer's stock valued at $736,000 after buying an additional 29 shares during the last quarter. Chickasaw Capital Management LLC boosted its position in Home Depot by 13.7% in the second quarter. Chickasaw Capital Management LLC now owns 1,061 shares of the home improvement retailer's stock worth $389,000 after purchasing an additional 128 shares during the last quarter. Sivia Capital Partners LLC grew its stake in Home Depot by 7.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,598 shares of the home improvement retailer's stock valued at $952,000 after purchasing an additional 173 shares during the period. Finally, Sawyer & Company Inc increased its position in shares of Home Depot by 7.9% during the 2nd quarter. Sawyer & Company Inc now owns 8,468 shares of the home improvement retailer's stock valued at $3,105,000 after purchasing an additional 618 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company's stock.

Insider Activity

In other news, CFO Richard V. Mcphail sold 3,369 shares of the stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $403.66, for a total value of $1,359,930.54. Following the sale, the chief financial officer directly owned 45,455 shares in the company, valued at approximately $18,348,365.30. This represents a 6.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP William D. Bastek sold 3,783 shares of the firm's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $410.23, for a total value of $1,551,900.09. Following the transaction, the executive vice president owned 24,235 shares in the company, valued at $9,941,924.05. The trade was a 13.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 48,835 shares of company stock valued at $19,623,432. 0.10% of the stock is currently owned by corporate insiders.

Home Depot Trading Down 0.4%

NYSE HD traded down $1.71 on Friday, hitting $415.77. The company's stock had a trading volume of 6,709,599 shares, compared to its average volume of 3,720,799. The firm has a market cap of $413.85 billion, a P/E ratio of 28.25, a PEG ratio of 3.94 and a beta of 1.00. The company has a current ratio of 1.15, a quick ratio of 0.34 and a debt-to-equity ratio of 4.31. The company's 50-day simple moving average is $394.94 and its 200 day simple moving average is $373.48. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37.

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). The company had revenue of $45.28 billion for the quarter, compared to analysts' expectations of $45.43 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The firm's quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Research analysts predict that The Home Depot, Inc. will post 15.13 EPS 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 paid a $2.30 dividend. This represents a $9.20 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Thursday, September 4th. Home Depot's dividend payout ratio (DPR) is presently 62.50%.

Analyst Upgrades and Downgrades

Several brokerages have commented on HD. Robert W. Baird lifted their price objective on shares of Home Depot from $425.00 to $450.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 20th. Truist Financial upped their price objective on Home Depot from $417.00 to $433.00 and gave the company a "buy" rating in a research note on Wednesday, August 13th. Mizuho increased their price objective on Home Depot from $435.00 to $450.00 and gave the company an "outperform" rating in a report on Wednesday, August 20th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $455.00 price target on shares of Home Depot in a research report on Tuesday, August 19th. Finally, TD Securities cut Home Depot to a "buy" rating in a research report on Monday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Home Depot currently has a consensus rating of "Moderate Buy" and a consensus price target of $435.00.

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.