FCG Investment Co Sells 3,266 Shares of The Home Depot, Inc. $HD

Key Points

• FCG Investment Co has reduced its stake in The Home Depot, Inc. by 62.2%, owning 1,985 shares valued at approximately $727,000 at the end of the most recent quarter.
• The Home Depot reported earnings of $3.56 per share, slightly missing analysts' expectations, while revenue increased by 9.4% year-over-year to $39.86 billion.
• Following the company's recent quarterly dividend announcement, The Home Depot has a current yield of 2.3% with a payout ratio of 62.42%.

FCG Investment Co trimmed its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 62.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,985 shares of the home improvement retailer's stock after selling 3,266 shares during the quarter. FCG Investment Co's holdings in Home Depot were worth $727,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Financial Gravity Asset Management Inc. purchased a new stake in Home Depot in the 1st quarter worth $406,000. Wealth Management Partners LLC lifted its position in shares of Home Depot by 0.6% in the first quarter. Wealth Management Partners LLC now owns 6,506 shares of the home improvement retailer's stock worth $2,384,000 after buying an additional 36 shares in the last quarter. Arbor Capital Management Inc. ADV boosted its stake in Home Depot by 4.8% during the first quarter. Arbor Capital Management Inc. ADV now owns 4,784 shares of the home improvement retailer's stock valued at $1,757,000 after buying an additional 221 shares during the last quarter. ARS Wealth Advisors Group LLC grew its holdings in Home Depot by 0.8% during the 1st quarter. ARS Wealth Advisors Group LLC now owns 31,728 shares of the home improvement retailer's stock valued at $11,628,000 after buying an additional 239 shares in the last quarter. Finally, Tabor Asset Management LP purchased a new stake in shares of Home Depot during the 1st quarter worth approximately $5,886,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Home Depot news, EVP Fahim Siddiqui sold 2,600 shares of the business's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total value of $954,564.00. Following the completion of the sale, the executive vice president directly owned 7,951 shares of the company's stock, valued at $2,919,130.14. The trade was a 24.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the firm's stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total transaction of $1,996,327.68. Following the transaction, the executive vice president directly owned 17,367 shares in the company, valued at approximately $6,413,285.76. This trade represents a 23.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on HD. 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 report on Wednesday. Wells Fargo & Company lifted their price objective on shares of Home Depot from $420.00 to $450.00 and gave the stock an "overweight" rating in a research note on Wednesday. Sanford C. Bernstein restated a "market perform" rating and issued a $398.00 target price (up from $380.00) on shares of Home Depot in a report on Wednesday, May 21st. TD Securities downgraded shares of Home Depot to a "buy" rating in a report on Monday, June 2nd. Finally, Stifel Nicolaus lifted their price target on Home Depot from $425.00 to $432.00 and gave the stock a "buy" rating in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $432.52.

Home Depot Trading Down 1.3%

Home Depot stock traded down $5.1670 during midday trading on Wednesday, reaching $402.0330. The stock had a trading volume of 4,194,069 shares, compared to its average volume of 3,553,171. The company has a quick ratio of 0.28, a current ratio of 1.09 and a debt-to-equity ratio of 5.95. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37. The firm has a market cap of $399.99 billion, a price-to-earnings ratio of 27.27, a price-to-earnings-growth ratio of 3.75 and a beta of 1.00. The company has a fifty day moving average of $371.82 and a 200 day moving average of $371.43.

Home Depot (NYSE:HD - Get Free Report) last announced its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.69 by ($0.01). Home Depot had a net margin of 8.98% and a return on equity of 242.51%. The business had revenue of $45.28 billion for the quarter, compared to analysts' expectations of $45.43 billion. During the same quarter last 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. On average, analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were issued a dividend of $2.30 per share. The ex-dividend date was Thursday, June 5th. This represents a $9.20 dividend on an annualized basis and a yield of 2.3%. Home Depot's dividend payout ratio (DPR) is presently 62.42%.

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.