Northstar Asset Management Inc. Sells 5,752 Shares of The Home Depot, Inc. $HD

Key Points

• Northstar Asset Management Inc. has reduced its holdings in The Home Depot by 17.3% during the first quarter, now owning 27,511 shares which represent approximately 3.0% of its portfolio.
• Home Depot's recent earnings report revealed an EPS of $3.56, slightly missing analysts' estimates, but showing a 9.4% increase in revenue compared to the same quarter last year.
• The company declared a quarterly dividend of $2.30 per share, representing an annualized dividend of $9.20 and a yield of 2.3%, with a payout ratio of 62.42%.

Northstar Asset Management Inc. decreased its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 17.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,511 shares of the home improvement retailer's stock after selling 5,752 shares during the period. Home Depot comprises 3.0% of Northstar Asset Management Inc.'s portfolio, making the stock its 13th largest holding. Northstar Asset Management Inc.'s holdings in Home Depot were worth $10,083,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. LeConte Wealth Management LLC bought a new position in Home Depot in the first quarter worth approximately $247,000. Northwest & Ethical Investments L.P. raised its position in Home Depot by 50.6% in the first quarter. Northwest & Ethical Investments L.P. now owns 10,326 shares of the home improvement retailer's stock worth $3,782,000 after acquiring an additional 3,471 shares during the period. Steward Partners Investment Advisory LLC raised its position in Home Depot by 23.3% in the first quarter. Steward Partners Investment Advisory LLC now owns 247,415 shares of the home improvement retailer's stock worth $90,675,000 after acquiring an additional 46,690 shares during the period. Menora Mivtachim Holdings LTD. raised its position in Home Depot by 19.5% in the first quarter. Menora Mivtachim Holdings LTD. now owns 781,732 shares of the home improvement retailer's stock worth $286,497,000 after acquiring an additional 127,500 shares during the period. Finally, Alliance Wealth Advisors LLC UT raised its position in Home Depot by 1.2% in the first quarter. Alliance Wealth Advisors LLC UT now owns 10,847 shares of the home improvement retailer's stock worth $3,975,000 after acquiring an additional 128 shares during the period. Institutional investors own 70.86% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Mizuho increased their price target on shares of Home Depot from $435.00 to $450.00 and gave the stock an "outperform" rating in a research report on Wednesday. Stifel Nicolaus increased their price target on shares of Home Depot from $425.00 to $432.00 and gave the stock a "buy" rating in a research report on Monday. Sanford C. Bernstein reiterated a "market perform" rating and issued a $398.00 price target (up from $380.00) on shares of Home Depot in a research report on Wednesday, May 21st. TD Securities downgraded shares of Home Depot to a "buy" rating in a research report on Monday, June 2nd. Finally, Gordon Haskett increased their price target on shares of Home Depot from $350.00 to $360.00 in a research report on Tuesday, May 20th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $432.52.

Home Depot Price Performance

Shares of NYSE:HD traded down $5.1670 on Wednesday, reaching $402.0330. The company's stock had a trading volume of 4,194,069 shares, compared to its average volume of 3,553,171. 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 $399.99 billion, a P/E ratio of 27.27, a PEG ratio of 3.75 and a beta of 1.00. The company has a 50-day simple moving average of $371.82 and a 200 day simple moving average of $371.43. The company has a debt-to-equity ratio of 5.95, a quick ratio of 0.28 and a current ratio of 1.09.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 EPS for the quarter, missing analysts' consensus estimates of $4.69 by ($0.01). Home Depot had a return on equity of 242.51% and a net margin of 8.98%.The business had revenue of $45.28 billion during the quarter, compared to analysts' expectations of $45.43 billion. During the same period in the previous year, the business earned $4.60 earnings per share. The business's quarterly 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. As a group, equities research analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were paid a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Thursday, June 5th. Home Depot's dividend payout ratio (DPR) is presently 62.42%.

Insiders Place Their Bets

In other Home Depot news, EVP Fahim Siddiqui sold 2,600 shares of Home Depot stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total value of $954,564.00. Following the completion of the transaction, the executive vice president directly owned 7,951 shares of the company's stock, valued at $2,919,130.14. This trade represents a 24.64% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of Home Depot stock in a transaction on Wednesday, May 28th. The stock was 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 directly owned 17,367 shares of the company's stock, valued at $6,413,285.76. The trade was a 23.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.10% of the company's stock.

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.