Dodge & Cox Sells 950 Shares of The Home Depot, Inc. $HD

Key Points

• Dodge & Cox reduced its stake in The Home Depot by 3.9%, holding 23,272 shares worth $8.53 million after selling 950 shares in Q1.
• The firm recently declared a quarterly dividend of $2.30 per share, representing an annualized dividend yield of 2.2%.
• Home Depot reported earnings of $4.68 per share for the last quarter, narrowly missing analyst expectations, with revenues of $45.28 billion.

Dodge & Cox trimmed its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 3.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 23,272 shares of the home improvement retailer's stock after selling 950 shares during the period. Dodge & Cox's holdings in Home Depot were worth $8,529,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Navigoe LLC purchased a new position in Home Depot during the 4th quarter worth approximately $29,000. Abound Financial LLC purchased a new position in Home Depot during the 1st quarter worth approximately $31,000. Quarry LP grew its position in Home Depot by 220.0% during the 4th quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock worth $37,000 after purchasing an additional 66 shares in the last quarter. Iron Horse Wealth Management LLC grew its position 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 worth $36,000 after purchasing an additional 46 shares in the last quarter. Finally, Quest 10 Wealth Builders Inc. grew its position in Home Depot by 35.7% during the 1st quarter. Quest 10 Wealth Builders Inc. now owns 114 shares of the home improvement retailer's stock worth $42,000 after purchasing an additional 30 shares in the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO Richard V. Mcphail sold 3,369 shares of the company's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $403.66, for a total value of $1,359,930.54. Following the sale, the chief financial officer owned 45,455 shares of the company's stock, valued at $18,348,365.30. The trade was a 6.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Angie Brown sold 1,000 shares of the company's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $404.07, for a total transaction of $404,070.00. Following the sale, the executive vice president directly owned 3,837 shares in the company, valued at $1,550,416.59. This represents a 20.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 46,532 shares of company stock valued at $18,648,987 over the last 90 days. Company insiders own 0.10% of the company's stock.

Home Depot Stock Performance

Home Depot stock traded down $0.52 on Thursday, reaching $407.72. 3,935,280 shares of the stock were exchanged, compared to its average volume of 3,552,228. The stock has a market cap of $405.65 billion, a PE ratio of 27.70, a PEG ratio of 3.86 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 Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37. The firm has a fifty day moving average price of $378.04 and a two-hundred day moving average price of $371.50.

Home Depot (NYSE:HD - Get Free Report) last released its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share for the quarter, missing analysts' consensus estimates of $4.69 by ($0.01). The firm had revenue of $45.28 billion for the quarter, compared to analyst estimates 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 was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm earned $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Sell-side analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be given a dividend of $2.30 per share. 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 2.3%. Home Depot's dividend payout ratio is currently 62.50%.

Wall Street Analysts Forecast Growth

HD has been the topic of several research analyst reports. Telsey Advisory Group restated an "outperform" rating and set a $455.00 price target on shares of Home Depot in a report on Tuesday, August 19th. DA Davidson restated a "buy" rating and set a $450.00 price target on shares of Home Depot in a report on Tuesday, August 19th. Wells Fargo & Company boosted their price target on shares of Home Depot from $420.00 to $450.00 and gave the company an "overweight" rating in a report on Wednesday, August 20th. Truist Financial boosted their price target on shares of Home Depot from $417.00 to $433.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. Finally, Guggenheim restated a "buy" rating and set a $450.00 price target on shares of Home Depot in a report on Wednesday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $432.52.

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.