Prime Capital Investment Advisors LLC Sells 29,352 Shares of The Home Depot, Inc. $HD

Key Points

• Prime Capital Investment Advisors LLC reduced its stake in The Home Depot, Inc. by 20.7%, selling 29,352 shares during the second quarter, now holding 112,498 shares valued at approximately $41.25 million.
• CEO Edward P. Decker sold 32,897 shares of Home Depot stock for over $13 million, marking a 21.18% decrease in his ownership, while company insiders collectively sold 48,835 shares worth nearly $19.6 million in the last quarter.
• Home Depot's latest quarterly earnings report showed a slight miss with an EPS of $4.68, just below expectations, and the company has set its FY 2025 guidance with a dividend yield currently at 2.3%.

Prime Capital Investment Advisors LLC trimmed its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 20.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 112,498 shares of the home improvement retailer's stock after selling 29,352 shares during the period. Prime Capital Investment Advisors LLC's holdings in Home Depot were worth $41,246,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of HD. Brighton Jones LLC increased its holdings in shares of Home Depot by 36.5% in the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer's stock worth $10,471,000 after purchasing an additional 7,203 shares during the last quarter. Sivia Capital Partners LLC raised its holdings in shares of Home Depot by 6.8% during the 1st quarter. Sivia Capital Partners LLC now owns 2,425 shares of the home improvement retailer's stock worth $889,000 after acquiring an additional 154 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in shares of Home Depot by 6.1% during the 1st quarter. Revolve Wealth Partners LLC now owns 2,489 shares of the home improvement retailer's stock worth $912,000 after acquiring an additional 143 shares in the last quarter. Patriot Financial Group Insurance Agency LLC boosted its position in shares of Home Depot by 3.3% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 3,197 shares of the home improvement retailer's stock valued at $1,172,000 after acquiring an additional 102 shares during the last quarter. Finally, RDA Financial Network grew its holdings in shares of Home Depot by 8.0% in the first quarter. RDA Financial Network now owns 5,183 shares of the home improvement retailer's stock valued at $1,900,000 after purchasing an additional 384 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company's stock.

Insider Transactions at Home Depot

In other news, CEO Edward P. Decker sold 32,897 shares of Home Depot stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $397.22, for a total value of $13,067,346.34. Following the transaction, the chief executive officer owned 122,425 shares of the company's stock, valued at $48,629,658.50. The trade was a 21.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $413.23, for a total transaction of $2,265,740.09. Following the sale, the executive vice president directly owned 16,057 shares of the company's stock, valued at $6,635,234.11. The trade was a 25.45% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 48,835 shares of company stock worth $19,623,432. Company insiders own 0.10% of the company's stock.

Home Depot Stock Performance

Shares of NYSE:HD opened at $394.88 on Monday. 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 $393.06 billion, a PE ratio of 26.83, a price-to-earnings-growth ratio of 3.75 and a beta of 1.00. The firm's 50 day simple moving average is $402.63 and its 200-day simple moving average is $376.51. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings data 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). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The firm had revenue of $45.28 billion for the quarter, compared to analysts' expectations of $45.43 billion. During the same quarter in the previous year, the business earned $4.60 earnings per share. The company's revenue for the quarter 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. As a group, equities analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were issued a $2.30 dividend. The ex-dividend date was Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.3%. Home Depot's dividend payout ratio (DPR) is currently 62.50%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on HD shares. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Home Depot in a research note on Saturday, September 27th. Wells Fargo & Company increased their price target on shares of Home Depot from $420.00 to $450.00 and gave the company an "overweight" rating in a report on Wednesday, August 20th. Telsey Advisory Group restated an "outperform" rating and set a $455.00 price objective on shares of Home Depot in a research report on Tuesday, August 19th. Wolfe Research started coverage on Home Depot in a research note on Thursday, September 18th. They issued an "outperform" rating and a $497.00 price objective for the company. Finally, Truist Financial boosted their target price on Home Depot from $417.00 to $433.00 and gave the company a "buy" rating in a research report on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Home Depot presently has an average rating of "Moderate Buy" and an average price target of $436.40.

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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