Kestra Advisory Services LLC Sells 11,543 Shares of The Home Depot, Inc. $HD

Key Points

• Kestra Advisory Services LLC sold 11,543 shares of The Home Depot, Inc., reducing its holdings by 7.6% during the first quarter, leaving it with a total of 139,533 shares valued at approximately $51.1 million.
• The Home Depot reported earnings per share (EPS) of $4.68 for the last quarter, slightly missing the consensus estimate and showing revenue of $45.28 billion, up 4.9% year-over-year.
• Several analysts have set new price targets for Home Depot, with average projections now around $432.52, reflecting a consensus "Moderate Buy" rating among investment analysts.

Kestra Advisory Services LLC trimmed its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 7.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 139,533 shares of the home improvement retailer's stock after selling 11,543 shares during the period. Kestra Advisory Services LLC's holdings in Home Depot were worth $51,137,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Navigoe LLC bought a new stake in Home Depot in the fourth quarter worth about $29,000. Abound Financial LLC purchased a new stake in shares of Home Depot during the 1st quarter worth approximately $31,000. Iron Horse Wealth Management LLC raised its holdings in shares of 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 worth $36,000 after purchasing an additional 46 shares during the period. Quarry LP lifted its stake in Home Depot by 220.0% in the fourth quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock valued at $37,000 after purchasing an additional 66 shares during the last quarter. Finally, Quest 10 Wealth Builders Inc. lifted its stake in Home Depot by 35.7% in the first quarter. Quest 10 Wealth Builders Inc. now owns 114 shares of the home improvement retailer's stock valued at $42,000 after purchasing an additional 30 shares during the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Stock Performance

NYSE:HD opened at $397.45 on Friday. The business's fifty day moving average is $373.34 and its 200 day moving average is $371.56. The firm has a market cap of $395.43 billion, a price-to-earnings ratio of 27.00, a PEG ratio of 3.81 and a beta of 1.00. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.28 and a current ratio of 1.15. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37.

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). The company 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%.The firm's revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Research analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current year.

Insider Activity at Home Depot

In related news, EVP Teresa Wynn Roseborough sold 5,406 shares of the business's stock in a transaction that occurred on 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 transaction, the executive vice president owned 17,367 shares of the company's stock, valued at approximately $6,413,285.76. The trade was a 23.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.10% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on HD shares. DA Davidson reissued a "buy" rating and issued a $450.00 target price on shares of Home Depot in a research report on Tuesday. Stifel Nicolaus increased their price target on Home Depot from $425.00 to $432.00 and gave the stock a "buy" rating in a research note on Monday. Morgan Stanley boosted their price objective on Home Depot from $415.00 to $430.00 and gave the company an "overweight" rating in a research note on Wednesday. Guggenheim reaffirmed a "buy" rating and set a $450.00 price objective on shares of Home Depot in a report on Wednesday, May 21st. Finally, Mizuho increased their target price on shares of Home Depot from $435.00 to $450.00 and gave the stock an "outperform" rating in a research report on Wednesday. One investment 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 company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $432.52.

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.

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