Focus Financial Network Inc. Sells 1,475 Shares of The Home Depot, Inc. $HD

Key Points

• Focus Financial Network Inc. reduced its stake in The Home Depot by 14.7%, selling 1,475 shares, leaving it with 8,558 shares valued at approximately $3.14 million.
• Insiders, including executives, have recently sold shares of The Home Depot, with EVP Angie Brown selling 1,000 shares and CFO Richard V. Mcphail selling 3,369 shares, indicating a decrease in their holdings.
• Home Depot reported Q2 earnings per share of $4.68, slightly missing expectations, with a revenue of $45.28 billion, and has declared a quarterly dividend of $2.30 per share, yielding approximately 2.2%.

Focus Financial Network Inc. decreased its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 14.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,558 shares of the home improvement retailer's stock after selling 1,475 shares during the quarter. Focus Financial Network Inc.'s holdings in Home Depot were worth $3,138,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Abound Financial LLC purchased a new stake in shares of Home Depot during the 1st quarter valued at $31,000. Iron Horse Wealth Management LLC raised its stake in Home Depot by 86.8% during the first quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer's stock worth $36,000 after acquiring an additional 46 shares during the period. Compass Financial Services Inc acquired a new stake in shares of Home Depot in the first quarter valued at approximately $41,000. Livelsberger Financial Advisory bought a new position in shares of Home Depot in the second quarter valued at approximately $41,000. Finally, Quest 10 Wealth Builders Inc. boosted its holdings in Home Depot by 35.7% during 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 in the last quarter. Hedge funds and other institutional investors own 70.86% of the company's stock.

Wall Street Analyst Weigh In

HD has been the subject of several research analyst reports. JPMorgan Chase & Co. reduced 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 report on Wednesday, August 20th. Mizuho raised their price target on shares of Home Depot from $435.00 to $450.00 and gave the company an "outperform" rating in a report on Wednesday, August 20th. Evercore ISI set a $400.00 price target on shares of Home Depot and gave the company an "outperform" rating in a report on Thursday, May 22nd. Truist Financial raised 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, 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. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, Home Depot has an average rating of "Moderate Buy" and an average target price of $435.00.

Insider Transactions at Home Depot

In other news, 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 value of $974,445.36. Following the completion of the transaction, the executive vice president owned 24,235 shares in the company, valued at $10,254,313.20. This represents a 8.68% 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 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 transaction of $2,265,740.09. Following the completion of the transaction, the executive vice president owned 16,057 shares of the company's stock, valued at $6,635,234.11. This trade represents a 25.45% 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 Price Performance

NYSE:HD traded down $1.71 on Friday, reaching $415.77. The stock had a trading volume of 6,709,599 shares, compared to its average volume of 3,720,799. The company has a market capitalization of $413.85 billion, a P/E ratio of 28.25, a price-to-earnings-growth ratio of 3.96 and a beta of 1.00. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year 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 fifty day moving average price of $394.94 and a 200-day moving average price of $373.48.

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 for the quarter, missing analysts' consensus estimates of $4.69 by ($0.01). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The company had revenue of $45.28 billion during the quarter, compared to the consensus estimate of $45.43 billion. During the same period in the prior year, the firm posted $4.60 earnings per share. The company's 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. Research analysts forecast that The Home Depot, Inc. will post 15.13 EPS 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 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.