Jones Financial Companies Lllp Sells 61,751 Shares of The Home Depot, Inc. $HD

Key Points

• Jones Financial Companies Lllp significantly reduced its stake in Home Depot by 69.5%, now holding shares worth approximately $9.92 million after selling 61,751 shares in the first quarter.
• Home Depot reported a quarterly earnings miss with earnings per share (EPS) of $4.68, slightly below the analysts' expectation of $4.69, while generating revenue of $45.28 billion, which was also below their forecast of $45.43 billion.
• The company declared a quarterly dividend of $2.30 per share, which will be paid on September 18th, representing an annualized dividend yield of 2.2% based on the current stock price.

Jones Financial Companies Lllp decreased its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 69.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,064 shares of the home improvement retailer's stock after selling 61,751 shares during the period. Jones Financial Companies Lllp's holdings in Home Depot were worth $9,919,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Abound Financial LLC bought a new stake in Home Depot in the 1st quarter valued at $31,000. Iron Horse Wealth Management LLC increased its holdings in Home Depot by 86.8% in the 1st quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer's stock valued at $36,000 after buying an additional 46 shares during the period. Quest 10 Wealth Builders Inc. increased its holdings in Home Depot by 35.7% in the 1st quarter. Quest 10 Wealth Builders Inc. now owns 114 shares of the home improvement retailer's stock valued at $42,000 after buying an additional 30 shares during the period. Spurstone Advisory Services LLC bought a new stake in Home Depot in the 4th quarter valued at $45,000. Finally, Vega Investment Solutions bought a new stake in Home Depot in the 4th quarter valued at $46,000. Institutional investors own 70.86% of the company's stock.

Home Depot Stock Down 0.0%

HD stock traded down $0.09 during mid-day trading on Friday, hitting $423.33. 5,003,481 shares of the company were exchanged, compared to its average volume of 3,572,982. 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 firm has a market cap of $421.38 billion, a P/E ratio of 28.76, a P/E/G ratio of 3.92 and a beta of 1.00. The firm's 50 day simple moving average is $388.99 and its 200 day simple moving average is $372.26. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last announced 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). The company had revenue of $45.28 billion for the quarter, compared to analyst estimates of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The business's quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the business posted $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, sell-side analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be paid a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, September 4th. Home Depot's dividend payout ratio (DPR) is currently 62.50%.

Insider Activity at Home Depot

In other news, CEO Edward P. Decker sold 32,897 shares of the firm's stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $397.22, for a total transaction of $13,067,346.34. Following the completion of the transaction, the chief executive officer directly owned 122,425 shares of the company's stock, valued at $48,629,658.50. This trade represents a 21.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Richard V. Mcphail sold 3,369 shares of the firm's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $403.66, for a total transaction of $1,359,930.54. Following the completion of the transaction, the chief financial officer directly owned 45,455 shares of the company's stock, valued at $18,348,365.30. This represents a 6.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 46,532 shares of company stock worth $18,648,987. 0.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Truist Financial boosted 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. DA Davidson reaffirmed a "buy" rating and issued a $450.00 target price on shares of Home Depot in a report on Tuesday, August 19th. Guggenheim reaffirmed a "buy" rating and issued a $450.00 target price on shares of Home Depot in a report on Wednesday, May 21st. Jefferies Financial Group lowered their target price on shares of Home Depot from $461.00 to $456.00 in a report on Tuesday, May 20th. Finally, Mizuho upped their target price on shares of Home Depot from $435.00 to $450.00 and gave the stock an "outperform" rating in a report on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $432.52.

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.