Capital Advantage Inc. Sells 735 Shares of The Home Depot, Inc. $HD

Key Points

• Capital Advantage Inc. reduced its stake in The Home Depot, Inc. by 27.3%, selling 735 shares and holding 1,954 shares worth approximately $716,000.
• Home Depot's stock price is currently at $415.77, reflecting a 0.4% decrease, with a market capitalization of $413.85 billion.
• The company reported $4.68 EPS in its latest quarterly results, slightly missing analyst expectations, and has announced a quarterly dividend of $2.30 yielding 2.2%.

Capital Advantage Inc. cut its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 27.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,954 shares of the home improvement retailer's stock after selling 735 shares during the period. Capital Advantage Inc.'s holdings in Home Depot were worth $716,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HD. Abound Financial LLC purchased a new position in shares of Home Depot in the 1st quarter worth $31,000. Iron Horse Wealth Management LLC lifted its holdings in Home Depot by 86.8% during the 1st quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer's stock valued at $36,000 after buying an additional 46 shares in the last quarter. Global X Japan Co. Ltd. bought a new stake in Home Depot during the 2nd quarter valued at about $40,000. Compass Financial Services Inc bought a new stake in Home Depot during the 1st quarter valued at about $41,000. Finally, Livelsberger Financial Advisory bought a new stake in Home Depot during the 2nd quarter valued at about $41,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Stock Down 0.4%

Shares of Home Depot stock opened at $415.77 on Friday. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37. The company has a 50 day moving average of $394.94 and a 200 day moving average of $373.39. The company has a quick ratio of 0.34, a current ratio of 1.15 and a debt-to-equity ratio of 4.31. The company has a market capitalization of $413.85 billion, a P/E ratio of 28.25, a P/E/G ratio of 3.94 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings results 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 return on equity of 193.99% and a net margin of 8.86%.The firm had revenue of $45.28 billion during the quarter, compared to analysts' expectations of $45.43 billion. During the same quarter in the prior year, the firm earned $4.60 EPS. The firm'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, research analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on HD shares. DA Davidson restated a "buy" rating and issued a $450.00 price target on shares of Home Depot in a report on Tuesday, August 19th. Wolfe Research initiated coverage on shares of Home Depot in a research report on Thursday. They issued an "outperform" rating and a $497.00 price objective on the stock. Telsey Advisory Group reissued an "outperform" rating and set a $455.00 target price on shares of Home Depot in a research report on Tuesday, August 19th. TD Securities downgraded shares of Home Depot to a "buy" rating in a research report on Monday, June 2nd. Finally, Stifel Nicolaus lifted their price objective 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 analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $435.00.

Insider Buying and Selling

In related news, CEO Edward P. Decker sold 32,897 shares of Home Depot stock in a transaction that occurred 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 completion of the transaction, the chief executive officer owned 122,425 shares in the company, valued at $48,629,658.50. The trade was a 21.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP William D. Bastek sold 3,783 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $410.23, for a total transaction of $1,551,900.09. Following the sale, the executive vice president directly owned 24,235 shares in the company, valued at approximately $9,941,924.05. The trade was a 13.50% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 48,835 shares of company stock valued at $19,623,432 over the last ninety days. 0.10% of the stock is currently owned by corporate 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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