The Home Depot, Inc. $HD Shares Sold by Capital Investment Counsel LLC

Key Points

• Capital Investment Counsel LLC reduced its stake in The Home Depot, Inc. by 4.8%, holding now 17,241 shares valued at approximately $6.32 million.
• Home Depot recently reported quarterly earnings, with an EPS of $4.68, slightly missing analyst estimates of $4.69, and a revenue of $45.28 billion.
• Home Depot declared a quarterly dividend of $2.30 per share, with a yield of 2.3%, to be paid on September 18th.

Capital Investment Counsel LLC decreased its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 4.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,241 shares of the home improvement retailer's stock after selling 872 shares during the quarter. Capital Investment Counsel LLC's holdings in Home Depot were worth $6,319,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Invst LLC lifted 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 buying an additional 28 shares in the last quarter. Financial Insights Inc. lifted 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 buying an additional 28 shares in the last quarter. Wayfinding Financial LLC lifted 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 buying an additional 28 shares in the last quarter. Pure Portfolios Holdings LLC increased its position 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 purchasing an additional 28 shares during the period. Finally, First Interstate Bank increased its position 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 purchasing an additional 28 shares during the period. Institutional investors own 70.86% of the company's stock.

Home Depot Stock Up 1.7%

Shares of Home Depot stock traded up $7.01 on Friday, reaching $418.70. The stock had a trading volume of 5,854,063 shares, compared to its average volume of 3,533,561. The company has a 50 day moving average price of $385.21 and a 200 day moving average price of $371.46. 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 Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37. The stock has a market capitalization of $416.77 billion, a P/E ratio of 28.44, a P/E/G ratio of 3.90 and a beta of 1.00.

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 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 period in the previous year, the firm earned $4.60 EPS. The firm's quarterly revenue was up 4.9% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, equities research analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

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

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 sale, the chief executive officer directly owned 122,425 shares in the company, valued at $48,629,658.50. This trade represents a 21.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Angie Brown sold 1,000 shares of Home Depot stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $404.07, for a total transaction of $404,070.00. Following the completion of the sale, the executive vice president owned 3,837 shares of the company's stock, valued at $1,550,416.59. This trade represents a 20.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 46,532 shares of company stock worth $18,648,987 over the last ninety days. Company insiders own 0.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Gordon Haskett raised their target price on shares of Home Depot from $350.00 to $360.00 in a research report on Tuesday, May 20th. Wells Fargo & Company raised their target price 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. Morgan Stanley raised their target price on shares of Home Depot from $415.00 to $430.00 and gave the company an "overweight" rating in a research report on Wednesday, August 20th. Guggenheim reissued a "buy" rating and set a $450.00 target price on shares of Home Depot in a research report on Wednesday, May 21st. Finally, Sanford C. Bernstein reissued a "market perform" rating and set a $398.00 target price (up previously from $380.00) on shares of Home Depot in a research report on Wednesday, May 21st. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Home Depot has an average rating of "Moderate Buy" and an average target price of $432.52.

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.