Prostatis Group LLC Sells 678 Shares of The Home Depot, Inc. $HD

Key Points

• Prostatis Group LLC has reduced its stake in The Home Depot by 11.5%, now holding 5,213 shares worth approximately $1.91 million.
• The Home Depot reported earnings of $4.68 per share for the latest quarter, missing analysts' expectations of $4.69.
• The company declared a quarterly dividend of $2.30 per share, representing an annualized yield of 2.2%.

Prostatis Group LLC decreased its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 11.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 5,213 shares of the home improvement retailer's stock after selling 678 shares during the period. Prostatis Group LLC's holdings in Home Depot were worth $1,911,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Brighton Jones LLC raised its stake 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 worth $10,471,000 after purchasing an additional 7,203 shares in the last quarter. Bank Pictet & Cie Europe AG raised its stake 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 worth $4,747,000 after purchasing an additional 565 shares in the last quarter. Algert Global LLC raised its stake in Home Depot by 19.1% in the 4th quarter. Algert Global LLC now owns 1,907 shares of the home improvement retailer's stock worth $742,000 after purchasing an additional 306 shares in the last quarter. Lionshead Wealth Management LLC acquired a new stake in Home Depot in the 4th quarter worth about $909,000. Finally, Lighthouse Investment Partners LLC acquired a new stake in Home Depot in the 4th quarter worth about $2,549,000. Institutional investors own 70.86% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Jefferies Financial Group dropped their price objective on shares of Home Depot from $461.00 to $456.00 in a research note on Tuesday, May 20th. Stifel Nicolaus boosted their target price on shares of Home Depot from $425.00 to $432.00 and gave the company a "buy" rating in a research report on Monday, August 18th. Robert W. Baird boosted their target price on shares of Home Depot from $425.00 to $450.00 and gave the company an "outperform" rating in a research report on Wednesday, August 20th. Gordon Haskett boosted their target price on shares of Home Depot from $350.00 to $360.00 in a research report on Tuesday, May 20th. Finally, Truist Financial boosted their target price on shares of 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, nineteen have given a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Home Depot has an average rating of "Moderate Buy" and an average target price of $432.52.

Home Depot Price Performance

HD stock traded down $0.09 during trading on Friday, reaching $423.33. 5,003,481 shares of the company were exchanged, compared to its average volume of 3,572,982. The company has a 50-day moving average of $388.99 and a two-hundred day moving average of $372.26. The company has a market capitalization of $421.38 billion, a price-to-earnings ratio of 28.76, a P/E/G ratio of 3.92 and a beta of 1.00. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37. 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 (EPS) 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 company had revenue of $45.28 billion for the quarter, compared to analyst estimates of $45.43 billion. During the same quarter in the prior year, the company earned $4.60 earnings per share. Home Depot'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 earnings per share 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 paid 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 yield of 2.2%. Home Depot's dividend payout ratio is currently 62.50%.

Insider Activity

In other Home Depot news, CFO Richard V. Mcphail sold 3,369 shares of the company's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $403.66, for a total transaction of $1,359,930.54. Following the transaction, the chief financial officer owned 45,455 shares in the company, valued at approximately $18,348,365.30. This represents a 6.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the stock in a transaction dated 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 completion of the sale, the executive vice president owned 16,057 shares of the company's stock, valued at approximately $6,635,234.11. This represents a 25.45% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 46,532 shares of company stock valued at $18,648,987. 0.10% of the stock is currently owned by insiders.

About Home Depot

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.