Optima Capital LLC Reduces Stock Position in The Home Depot, Inc. $HD

Key Points

• Optima Capital LLC reduced its holdings in The Home Depot by 26.8% during the first quarter, now owning 1,730 shares valued at approximately $634,000.
• Insider transactions include EVP Angie Brown selling 1,000 shares at an average price of $404.07, and CFO Richard V. Mcphail selling 3,369 shares at an average price of $403.66.
• Home Depot's latest quarterly earnings reported $4.68 earnings per share, slightly missing analysts' expectations, while the company announced a quarterly dividend of $2.30 per share.

Optima Capital LLC reduced its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 26.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,730 shares of the home improvement retailer's stock after selling 635 shares during the period. Optima Capital LLC's holdings in Home Depot were worth $634,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Abound Financial LLC purchased a new position in shares of Home Depot in the 1st quarter worth $31,000. Iron Horse Wealth Management LLC raised its stake in shares of Home Depot by 86.8% in the first quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer's stock valued at $36,000 after acquiring an additional 46 shares during the period. Compass Financial Services Inc purchased a new stake in shares of Home Depot in the first quarter valued at $41,000. Quest 10 Wealth Builders Inc. raised its stake in shares of 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 acquiring an additional 30 shares during the period. Finally, Spurstone Advisory Services LLC purchased a new stake in shares of Home Depot in the fourth quarter valued at $45,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Home Depot news, EVP Angie Brown sold 1,000 shares of Home Depot stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $404.07, for a total value of $404,070.00. Following the transaction, the executive vice president owned 3,837 shares in the company, valued at $1,550,416.59. The trade was a 20.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Richard V. Mcphail sold 3,369 shares of Home Depot stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $403.66, for a total value of $1,359,930.54. Following the completion of the transaction, the chief financial officer owned 45,455 shares in the company, valued at $18,348,365.30. This trade represents a 6.90% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 46,532 shares of company stock valued at $18,648,987 over the last three months. Corporate insiders own 0.10% of the company's stock.

Home Depot Trading Up 2.5%

HD stock opened at $423.37 on Friday. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37. The firm's 50-day moving average is $388.99 and its 200 day moving average is $372.26. The company has a market capitalization of $421.42 billion, a PE ratio of 28.76, a P/E/G ratio of 3.92 and a beta of 1.00. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.34.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share for the quarter, missing analysts' consensus estimates of $4.69 by ($0.01). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The business had revenue of $45.28 billion during the quarter, compared to analysts' expectations of $45.43 billion. During the same period last year, the company earned $4.60 earnings per share. The firm's revenue was up 4.9% compared to the same quarter last year. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, research analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be paid a $2.30 dividend. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a yield of 2.2%. Home Depot's dividend payout ratio is 62.50%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on HD shares. Jefferies Financial Group reduced their target price on shares of Home Depot from $461.00 to $456.00 in a research note on Tuesday, May 20th. Wells Fargo & Company increased their target price 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. Sanford C. Bernstein reissued a "market perform" rating and issued a $398.00 target price (up previously from $380.00) on shares of Home Depot in a research note on Wednesday, May 21st. Mizuho increased their target price 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. Finally, Morgan Stanley boosted their target price on shares of Home Depot from $415.00 to $430.00 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, nineteen have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus 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.

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