The Home Depot, Inc. $HD Shares Sold by E. Ohman J or Asset Management AB

Key Points

• E. Ohman J or Asset Management AB reduced its stake in The Home Depot, owning 41,538 shares valued at approximately $15.23 million after selling 2,321 shares in the second quarter.
• The Home Depot reported $4.68 EPS for the last quarter, slightly missing analysts' estimates, with a year-over-year revenue increase of 4.9% to $45.28 billion.
• The company recently announced a quarterly dividend of $2.30 per share, with an annualized dividend yield of 2.2%.

E. Ohman J or Asset Management AB decreased its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 5.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 41,538 shares of the home improvement retailer's stock after selling 2,321 shares during the period. E. Ohman J or Asset Management AB's holdings in Home Depot were worth $15,229,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Abound Financial LLC purchased a new stake in Home Depot during the 1st quarter valued at approximately $31,000. Iron Horse Wealth Management LLC lifted its position in Home Depot by 86.8% in the first quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer's stock worth $36,000 after buying an additional 46 shares during the last quarter. Compass Financial Services Inc bought a new stake in Home Depot in the first quarter worth $41,000. Quest 10 Wealth Builders Inc. lifted its position in Home Depot by 35.7% in the first quarter. Quest 10 Wealth Builders Inc. now owns 114 shares of the home improvement retailer's stock worth $42,000 after buying an additional 30 shares during the last quarter. Finally, Spurstone Advisory Services LLC bought a new stake in Home Depot in the fourth quarter worth $45,000. Institutional investors own 70.86% of the company's stock.

Insider Activity

In related news, EVP Angie Brown sold 1,000 shares of the firm's 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 transaction, the executive vice president owned 3,837 shares in the company, valued at $1,550,416.59. This trade represents a 20.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP William D. Bastek sold 3,783 shares of Home Depot stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $410.23, for a total value of $1,551,900.09. Following the completion of the transaction, the executive vice president owned 24,235 shares in the company, valued at $9,941,924.05. This trade represents a 13.50% 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 over the last ninety days. 0.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on HD. Robert W. Baird raised their price target on Home Depot from $425.00 to $450.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 20th. Jefferies Financial Group decreased their target price on Home Depot from $461.00 to $456.00 in a research report on Tuesday, May 20th. Evercore ISI set a $400.00 target price on Home Depot and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Stifel Nicolaus boosted their price target on Home Depot from $425.00 to $432.00 and gave the stock a "buy" rating in a research note on Monday, August 18th. Finally, Gordon Haskett upped their target price on Home Depot from $350.00 to $360.00 in a research report on Tuesday, May 20th. 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's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $432.52.

Home Depot Stock Down 0.2%

Shares of NYSE HD traded down $0.84 during midday trading on Tuesday, hitting $421.87. 3,724,762 shares of the company's stock were exchanged, compared to its average volume of 3,850,394. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.34. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37. The company has a market cap of $419.93 billion, a PE ratio of 28.66, a P/E/G ratio of 4.01 and a beta of 1.00. The firm's fifty day simple moving average is $392.22 and its 200-day simple moving average is $372.74.

Home Depot (NYSE:HD - Get Free Report) last released 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). The firm had revenue of $45.28 billion for the quarter, compared to analysts' expectations of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The company's quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $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 company also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be paid a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Thursday, September 4th. Home Depot's dividend payout ratio (DPR) is currently 62.50%.

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.