Chicago Capital LLC Sells 30,799 Shares of The Home Depot, Inc. $HD

Key Points

• Chicago Capital LLC has reduced its stakes in The Home Depot, selling 30,799 shares and decreasing its holdings by 74.3% in the second quarter.
• Home Depot reported a quarterly EPS of $4.68, slightly missing the consensus estimate, with revenues reaching $45.28 billion, up 4.9% year-over-year.
• The company also announced a quarterly dividend of $2.30, achieving an annualized yield of 2.3% with a payout ratio of 62.5%.

Chicago Capital LLC trimmed its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 74.3% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 10,668 shares of the home improvement retailer's stock after selling 30,799 shares during the quarter. Chicago Capital LLC's holdings in Home Depot were worth $3,911,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in HD. Legend Financial Advisors Inc. bought a new stake in Home Depot during the 2nd quarter valued at $28,000. Abound Financial LLC bought a new stake in Home Depot during the 1st quarter valued at $31,000. Iron Horse Wealth Management LLC raised 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 during the last quarter. Global X Japan Co. Ltd. bought a new stake in Home Depot during the 2nd quarter valued at $40,000. Finally, Compass Financial Services Inc bought a new stake in Home Depot during the 1st quarter valued at $41,000. 70.86% of the stock is currently owned by institutional investors.

Home Depot Price Performance

Shares of NYSE:HD opened at $406.70 on Tuesday. The firm's 50 day moving average price is $400.71 and its 200-day moving average price is $375.25. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37. 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 stock has a market capitalization of $404.82 billion, a PE ratio of 27.63, a price-to-earnings-growth ratio of 3.89 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 for the quarter, missing the consensus estimate 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%.Home Depot's revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the company earned $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Equities research analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were issued a $2.30 dividend. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $9.20 annualized dividend and a yield of 2.3%. Home Depot's dividend payout ratio is currently 62.50%.

Insider Buying and Selling

In other Home Depot news, EVP Angie Brown sold 1,000 shares of the stock in a transaction that occurred on Wednesday, August 20th. The shares were 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 directly owned 3,837 shares of the company's stock, valued at $1,550,416.59. This trade represents a 20.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $413.23, for a total transaction of $2,265,740.09. Following the sale, the executive vice president directly owned 16,057 shares of the company's stock, valued at approximately $6,635,234.11. This trade represents a 25.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 48,835 shares of company stock worth $19,623,432 in the last three months. Corporate insiders own 0.10% of the company's stock.

Analysts Set New Price Targets

HD has been the topic of a number of research analyst reports. Wells Fargo & Company boosted their price objective 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. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $455.00 target price on shares of Home Depot in a research report on Tuesday, August 19th. Stifel Nicolaus upped their target price on shares of Home Depot from $425.00 to $432.00 and gave the stock a "buy" rating in a research report on Monday, August 18th. Robert W. Baird upped their target price 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. Finally, Morgan Stanley upped their target price on shares of Home Depot from $415.00 to $430.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 20th. 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 stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $436.40.

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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