Rehmann Capital Advisory Group Sells 846 Shares of The Home Depot, Inc. $HD

Key Points

• Rehmann Capital Advisory Group decreased its holdings in The Home Depot, Inc. by 6.3% during Q2, selling 846 shares and reducing its total to 12,600 shares, valued at approximately $4.62 million.
• Analysts have set new price targets for Home Depot, ranging from $432.00 to $455.00, with a consensus rating of "Moderate Buy" and an average price target of approximately $435.42.
• Home Depot reported earnings of $4.68 per share for the last quarter, which missed analysts' expectations slightly, alongside a revenue of $45.28 billion.

Rehmann Capital Advisory Group lowered its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 6.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,600 shares of the home improvement retailer's stock after selling 846 shares during the period. Rehmann Capital Advisory Group's holdings in Home Depot were worth $4,620,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in HD. Mainstay Capital Management LLC ADV bought a new position in shares of Home Depot in the second quarter valued at approximately $263,000. WealthPlan Investment Management LLC bought a new position in shares of Home Depot in the second quarter valued at approximately $1,149,000. Tower View Wealth Management LLC lifted its holdings in shares of Home Depot by 4.3% in the second quarter. Tower View Wealth Management LLC now owns 16,196 shares of the home improvement retailer's stock valued at $5,938,000 after purchasing an additional 671 shares in the last quarter. Ransom Advisory Ltd bought a new position in shares of Home Depot in the first quarter valued at approximately $3,851,000. Finally, Shell Asset Management Co. lifted its holdings in shares of Home Depot by 45.2% in the second quarter. Shell Asset Management Co. now owns 48,175 shares of the home improvement retailer's stock valued at $17,663,000 after purchasing an additional 15,002 shares in the last quarter. Institutional investors own 70.86% of the company's stock.

Analysts Set New Price Targets

HD has been the topic of a number of recent analyst reports. Telsey Advisory Group reiterated an "outperform" rating and set a $455.00 price target on shares of Home Depot in a report on Tuesday, August 19th. Stifel Nicolaus upped their price objective on Home Depot from $425.00 to $432.00 and gave the company a "buy" rating in a research note on Monday, August 18th. Truist Financial upped their price objective on Home Depot from $417.00 to $433.00 and gave the company a "buy" rating in a research note on Wednesday, August 13th. JPMorgan Chase & Co. reduced their price objective on Home Depot from $460.00 to $452.00 and set an "overweight" rating for the company in a research note on Wednesday, August 20th. Finally, Wells Fargo & Company upped their price objective on Home Depot from $420.00 to $450.00 and gave the company an "overweight" rating in a research note on Wednesday, August 20th. One investment 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 company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $435.42.

Insiders Place Their Bets

In other news, EVP Teresa Wynn Roseborough sold 5,483 shares of Home Depot stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $413.23, for a total value of $2,265,740.09. Following the completion of the transaction, the executive vice president directly owned 16,057 shares in the company, valued at approximately $6,635,234.11. The trade was a 25.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Edward P. Decker sold 32,897 shares of Home Depot stock in a transaction 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 completion of the transaction, the chief executive officer owned 122,425 shares of the company's stock, valued at approximately $48,629,658.50. This trade represents a 21.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 48,835 shares of company stock valued at $19,623,432. Company insiders own 0.10% of the company's stock.

Home Depot Stock Performance

NYSE:HD opened at $390.99 on Wednesday. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.34. The business has a fifty day simple moving average of $403.62 and a two-hundred day simple moving average of $378.45. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37. The company has a market capitalization of $389.19 billion, a P/E ratio of 26.56, a P/E/G ratio of 3.69 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last released its earnings results 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 firm had revenue of $45.28 billion during the quarter, compared to analysts' expectations of $45.43 billion. During the same period in the prior year, the business earned $4.60 earnings per share. The business's quarterly 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, analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were given a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Thursday, September 4th. Home Depot's dividend payout ratio (DPR) is currently 62.50%.

Home Depot 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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