Financial Partners Group LLC Has $4.59 Million Holdings in The Home Depot, Inc. $HD

Key Points

• Financial Partners Group LLC reduced its holdings in Home Depot by 4.8%, now owning 12,516 shares valued at $4.59 million, which constitutes about 1.7% of their investment portfolio.
• Several institutional investors, including Brighton Jones LLC and AdvisorNet Financial Inc, increased their positions in Home Depot, signifying strong interest in the stock among large shareholders.
• Wall Street analysts have raised their price targets for Home Depot, with the consensus now at $436.40 and an overall rating of "Moderate Buy", despite a recent earnings miss.

Financial Partners Group LLC cut its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 4.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,516 shares of the home improvement retailer's stock after selling 634 shares during the period. Home Depot accounts for about 1.7% of Financial Partners Group LLC's investment portfolio, making the stock its 21st biggest position. Financial Partners Group LLC's holdings in Home Depot were worth $4,589,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its position in shares of Home Depot by 36.5% during the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer's stock worth $10,471,000 after purchasing an additional 7,203 shares in the last quarter. AdvisorNet Financial Inc lifted its position in shares of Home Depot by 1.7% during the first quarter. AdvisorNet Financial Inc now owns 5,484 shares of the home improvement retailer's stock worth $2,010,000 after purchasing an additional 92 shares in the last quarter. Rothschild Investment LLC lifted its position in shares of Home Depot by 1.1% during the first quarter. Rothschild Investment LLC now owns 27,430 shares of the home improvement retailer's stock worth $10,053,000 after purchasing an additional 302 shares in the last quarter. Doliver Advisors LP lifted its position in shares of Home Depot by 3.1% during the first quarter. Doliver Advisors LP now owns 3,997 shares of the home improvement retailer's stock worth $1,465,000 after purchasing an additional 120 shares in the last quarter. Finally, Legacy Financial Strategies LLC lifted its position in shares of Home Depot by 4.0% during the first quarter. Legacy Financial Strategies LLC now owns 785 shares of the home improvement retailer's stock worth $288,000 after purchasing an additional 30 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Wells Fargo & Company upped their target price on shares of Home Depot from $420.00 to $450.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 20th. DA Davidson reissued a "buy" rating and set a $450.00 price target on shares of Home Depot in a research note on Tuesday, August 19th. JPMorgan Chase & Co. dropped their price target on shares of Home Depot from $460.00 to $452.00 and set an "overweight" rating for the company in a research note on Wednesday, August 20th. Morgan Stanley boosted their price target on shares of Home Depot from $415.00 to $430.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 20th. Finally, Oppenheimer boosted their price target on shares of Home Depot from $400.00 to $420.00 and gave the stock a "market perform" rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $436.40.

Insider Transactions at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 5,483 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $413.23, for a total value of $2,265,740.09. Following the completion of the transaction, the executive vice president owned 16,057 shares in the company, valued at $6,635,234.11. This represents a 25.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP William D. Bastek sold 2,303 shares of the company's stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $423.12, for a total transaction of $974,445.36. Following the completion of the transaction, the executive vice president owned 24,235 shares of the company's stock, valued at $10,254,313.20. This trade represents a 8.68% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 48,835 shares of company stock valued at $19,623,432. Corporate insiders own 0.10% of the company's stock.

Home Depot Stock Up 0.7%

Shares of NYSE:HD opened at $410.16 on Friday. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $439.37. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15. The company has a market capitalization of $408.27 billion, a PE ratio of 27.86, a PEG ratio of 3.89 and a beta of 1.00. The company has a 50 day moving average price of $399.85 and a two-hundred day moving average price of $374.68.

Home Depot (NYSE:HD - Get Free Report) last issued its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 EPS for the quarter, missing the consensus estimate of $4.69 by ($0.01). Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The firm had revenue of $45.28 billion during the quarter, compared to the consensus estimate of $45.43 billion. During the same period in the previous year, the company posted $4.60 EPS. The firm's revenue for the quarter was up 4.9% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were paid a $2.30 dividend. This represents a $9.20 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Thursday, September 4th. Home Depot's dividend payout ratio is presently 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.

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