Osterweis Capital Management Inc. Sells 1,828 Shares of The Home Depot, Inc. $HD

Key Points

• Osterweis Capital Management Inc. reduced its holdings in The Home Depot, selling 1,828 shares and cutting its stake by 64% in the first quarter, leaving them with 1,027 shares valued at approximately $376,000.
• Several institutional investors have significantly increased their positions in Home Depot, with Asset Planning Services Inc. increasing its holdings by over 99,000%, now owning nearly $6.95 billion in shares.
• Analysts have mixed views on Home Depot's stock, with price targets set between $398.00 and $433.00, and a consensus rating of "Moderate Buy" overall.

Osterweis Capital Management Inc. cut its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 64.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,027 shares of the home improvement retailer's stock after selling 1,828 shares during the quarter. Osterweis Capital Management Inc.'s holdings in Home Depot were worth $376,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in HD. Brighton Jones LLC grew its holdings in Home Depot by 36.5% in the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer's stock valued at $10,471,000 after buying an additional 7,203 shares in the last quarter. Bank Pictet & Cie Europe AG grew its holdings in Home Depot by 4.9% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 12,204 shares of the home improvement retailer's stock valued at $4,747,000 after buying an additional 565 shares in the last quarter. Nippon Life Global Investors Americas Inc. grew its holdings in Home Depot by 8.5% in the 4th quarter. Nippon Life Global Investors Americas Inc. now owns 25,140 shares of the home improvement retailer's stock valued at $9,779,000 after buying an additional 1,970 shares in the last quarter. Harvest Investment Services LLC grew its holdings in Home Depot by 84.0% in the 4th quarter. Harvest Investment Services LLC now owns 1,038 shares of the home improvement retailer's stock valued at $404,000 after buying an additional 474 shares in the last quarter. Finally, Steel Grove Capital Advisors LLC grew its holdings in Home Depot by 15.1% in the 4th quarter. Steel Grove Capital Advisors LLC now owns 1,970 shares of the home improvement retailer's stock valued at $766,000 after buying an additional 259 shares in the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HD has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. cut their target price on Home Depot from $460.00 to $452.00 and set an "overweight" rating for the company in a research report on Wednesday. Guggenheim reiterated a "buy" rating and set a $450.00 target price on shares of Home Depot in a research report on Wednesday, May 21st. Royal Bank Of Canada cut their target price on Home Depot from $424.00 to $399.00 and set a "sector perform" rating for the company in a research report on Thursday, May 15th. Gordon Haskett upped their target price on Home Depot from $350.00 to $360.00 in a research report on Tuesday, May 20th. Finally, Mizuho upped their target price on Home Depot from $435.00 to $450.00 and gave the company an "outperform" rating in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $432.52.

Home Depot Stock Up 3.8%

Home Depot stock traded up $15.2960 during mid-day trading on Friday, reaching $412.9960. The stock had a trading volume of 5,283,627 shares, compared to its average volume of 3,454,809. The firm has a market capitalization of $410.90 billion, a PE ratio of 28.06, a price-to-earnings-growth ratio of 3.77 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 fifty-two week low of $326.31 and a fifty-two week high of $439.37. The stock's 50-day simple moving average is $374.52 and its 200-day simple moving average is $371.57.

Home Depot (NYSE:HD - Get Free Report) last announced its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (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 analysts' expectations of $45.43 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The firm's quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm earned $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, sell-side analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

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

Insider Buying and Selling

In related news, EVP Angie Brown sold 1,000 shares of Home Depot stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $404.07, for a total transaction of $404,070.00. Following the transaction, the executive vice president owned 3,837 shares of the company's stock, valued at $1,550,416.59. The trade was a 20.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the business's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total value of $1,996,327.68. Following the completion of the transaction, the executive vice president directly owned 17,367 shares in the company, valued at approximately $6,413,285.76. This represents a 23.74% decrease in their position. The disclosure for this sale can be found here. Insiders sold 42,672 shares of company stock worth $16,827,675 in the last ninety days. Corporate 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.