The Home Depot, Inc. $HD Shares Sold by Forvis Mazars Wealth Advisors LLC

Key Points

• Forvis Mazars Wealth Advisors LLC reduced its stake in The Home Depot by 15.5%, selling 1,431 shares, leaving them with 7,830 shares worth approximately $2.87 million.
• Home Depot recently announced a quarterly dividend of $2.30 per share, reflecting a yield of 2.3% and a payout ratio of 62.42%.
• Home Depot's stock performance showed a 0.3% decline, with recent earnings per share reported at $3.56, slightly missing analysts' estimates of $3.59.

Forvis Mazars Wealth Advisors LLC lowered its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 15.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,830 shares of the home improvement retailer's stock after selling 1,431 shares during the period. Forvis Mazars Wealth Advisors LLC's holdings in Home Depot were worth $2,870,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Financial Gravity Asset Management Inc. purchased a new stake in shares of Home Depot in the first quarter worth about $406,000. Wealth Management Partners LLC lifted its stake 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 acquiring an additional 36 shares in the last quarter. Arbor Capital Management Inc. ADV lifted its stake in shares of Home Depot by 4.8% in the first quarter. Arbor Capital Management Inc. ADV now owns 4,784 shares of the home improvement retailer's stock worth $1,757,000 after acquiring an additional 221 shares in the last quarter. ARS Wealth Advisors Group LLC raised its stake in Home Depot by 0.8% during the first 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 bought a new position in Home Depot during the 1st quarter worth approximately $5,886,000. Hedge funds and other institutional investors own 70.86% of the company's stock.

Home Depot Trading Down 1.1%

Shares of Home Depot stock traded down $4.29 during trading on Thursday, reaching $397.45. The company's stock had a trading volume of 2,922,133 shares, compared to its average volume of 3,549,203. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37. The company has a market cap of $395.43 billion, a price-to-earnings ratio of 27.00, a PEG ratio of 3.87 and a beta of 1.00. The firm's 50-day moving average is $372.65 and its two-hundred day moving average is $371.64. The company has a quick ratio of 0.28, a current ratio of 1.15 and a debt-to-equity ratio of 4.31.

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 for the quarter, missing the consensus estimate 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 net margin of 8.86% and a return on equity of 193.99%. The company's quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the company earned $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, sell-side analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have commented on HD shares. Sanford C. Bernstein reaffirmed a "market perform" rating and set a $398.00 target price (up previously from $380.00) on shares of Home Depot in a report on Wednesday, May 21st. Stifel Nicolaus increased their price objective on Home Depot from $425.00 to $432.00 and gave the stock a "buy" rating in a report on Monday. Gordon Haskett increased their price objective on Home Depot from $350.00 to $360.00 in a report on Tuesday, May 20th. Robert W. Baird increased their price objective on Home Depot from $425.00 to $450.00 and gave the stock an "outperform" rating in a report on Wednesday. Finally, Morgan Stanley increased their price target on Home Depot from $415.00 to $430.00 and gave the company an "overweight" rating in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Home Depot presently has an average rating of "Moderate Buy" and a consensus price target of $432.52.

Insider Activity

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,406 shares of the firm's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $369.28, for a total transaction of $1,996,327.68. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.10% of the stock is currently owned by insiders.

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.