Fortis Capital Advisors LLC Sells 1,919 Shares of The Home Depot, Inc. $HD

Key Points

• Fortis Capital Advisors LLC has reduced its stake in The Home Depot, Inc. by 42.4%, selling 1,919 shares in Q2, leaving them with 2,602 shares valued at approximately $954,000.
• Insider selling has occurred recently, with CEO Edward P. Decker selling 32,897 shares worth over $13 million, indicating a 21.18% decrease in his ownership.
• Wall Street analysts remain optimistic with multiple firms assigning "outperform" ratings and setting price targets in the range of $450.00 to $455.00 for Home Depot stock.

Fortis Capital Advisors LLC decreased its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 42.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,602 shares of the home improvement retailer's stock after selling 1,919 shares during the period. Fortis Capital Advisors LLC's holdings in Home Depot were worth $954,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in HD. Brighton Jones LLC increased its holdings in shares of Home Depot by 36.5% in the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer's stock worth $10,471,000 after buying an additional 7,203 shares during the last quarter. Vest Financial LLC increased its holdings in shares of Home Depot by 67.6% in the 1st quarter. Vest Financial LLC now owns 8,062 shares of the home improvement retailer's stock worth $2,955,000 after buying an additional 3,252 shares during the last quarter. Fjell Capital LLC increased its holdings in shares of Home Depot by 7.7% in the 1st quarter. Fjell Capital LLC now owns 2,864 shares of the home improvement retailer's stock worth $1,050,000 after buying an additional 204 shares during the last quarter. MRA Advisory Group boosted its stake in shares of Home Depot by 10.2% in the 1st quarter. MRA Advisory Group now owns 1,873 shares of the home improvement retailer's stock valued at $686,000 after purchasing an additional 174 shares in the last quarter. Finally, Signal Advisors Wealth LLC boosted its stake in shares of Home Depot by 2.8% in the 1st quarter. Signal Advisors Wealth LLC now owns 7,769 shares of the home improvement retailer's stock valued at $2,847,000 after purchasing an additional 213 shares in the last quarter. Institutional investors own 70.86% of the company's stock.

Insider Transactions at Home Depot

In other news, EVP Angie Brown sold 1,000 shares of the firm's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total value of $404,070.00. Following the completion of the sale, the executive vice president directly owned 3,837 shares of the company's stock, valued at approximately $1,550,416.59. This trade represents a 20.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Edward P. Decker sold 32,897 shares of the firm's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $397.22, for a total transaction of $13,067,346.34. Following the completion of the sale, the chief executive officer directly owned 122,425 shares of the company's stock, valued at approximately $48,629,658.50. This represents a 21.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 48,835 shares of company stock worth $19,623,432. 0.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

HD has been the subject of a number of research reports. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $455.00 price objective on shares of Home Depot in a research note on Tuesday, August 19th. Mizuho upped their price objective on shares of Home Depot from $435.00 to $450.00 and gave the company an "outperform" rating in a research note on Wednesday, August 20th. DA Davidson reaffirmed a "buy" rating and issued a $450.00 price objective on shares of Home Depot in a research note on Tuesday, August 19th. Robert W. Baird upped their price objective on shares of Home Depot from $425.00 to $450.00 and gave the company an "outperform" rating in a research note on Wednesday, August 20th. Finally, Wells Fargo & Company upped their price objective on shares of Home Depot from $420.00 to $450.00 and gave the company an "overweight" rating in a research note on Wednesday, August 20th. One research 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. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $436.40.

Home Depot Price Performance

Shares of Home Depot stock opened at $394.88 on Friday. The firm has a market cap of $393.06 billion, a PE ratio of 26.83, a price-to-earnings-growth ratio of 3.75 and a beta of 1.00. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month 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 company's fifty day simple moving average is $402.63 and its two-hundred day simple moving average is $376.21.

Home Depot (NYSE:HD - Get Free Report) last announced 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 during the quarter, compared to the consensus estimate of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.Home Depot's revenue was up 4.9% on a year-over-year basis. During the same period last year, the business earned $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, equities analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were given a $2.30 dividend. This represents a $9.20 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was 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.

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