Sandler Capital Management Purchases Shares of 9,132 The Home Depot, Inc. $HD

Key Points

• Sandler Capital Management acquired a new stake in The Home Depot, purchasing 9,132 shares valued at approximately $3.35 million.
• Insider selling occurred with EVP Teresa Wynn Roseborough and EVP Angie Brown offloading 5,483 and 1,000 shares respectively, while corporate insiders sold a total of 46,532 shares valued at nearly $18.65 million in the last quarter.
• The Home Depot announced a quarterly dividend of $2.30 per share, with an ex-dividend date on September 4th, indicating a 2.2% dividend yield and a payout ratio of 62.50%.

Sandler Capital Management purchased a new stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 9,132 shares of the home improvement retailer's stock, valued at approximately $3,347,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Financial Gravity Asset Management Inc. bought a new stake in shares of Home Depot during the 1st quarter worth $406,000. Wealth Management Partners LLC boosted its stake in shares of Home Depot by 0.6% during the 1st quarter. Wealth Management Partners LLC now owns 6,506 shares of the home improvement retailer's stock worth $2,384,000 after acquiring an additional 36 shares in the last quarter. Arbor Capital Management Inc. ADV boosted its stake in shares of Home Depot by 4.8% during the 1st quarter. Arbor Capital Management Inc. ADV now owns 4,784 shares of the home improvement retailer's stock worth $1,757,000 after acquiring an additional 221 shares in the last quarter. ARS Wealth Advisors Group LLC boosted its stake in shares of Home Depot by 0.8% during the 1st quarter. ARS Wealth Advisors Group LLC now owns 31,728 shares of the home improvement retailer's stock worth $11,628,000 after acquiring an additional 239 shares in the last quarter. Finally, Tabor Asset Management LP bought a new stake in shares of Home Depot during the 1st quarter worth $5,886,000. 70.86% of the stock is owned by institutional investors.

Insider Buying and Selling at Home Depot

In related news, EVP Teresa Wynn Roseborough sold 5,483 shares of the stock in a transaction on Friday, August 22nd. The stock was 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 directly owned 16,057 shares in the company, valued at approximately $6,635,234.11. This trade represents a 25.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Angie Brown sold 1,000 shares of the stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $404.07, for a total value of $404,070.00. Following the sale, the executive vice president owned 3,837 shares of the company's stock, valued at approximately $1,550,416.59. This represents a 20.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 46,532 shares of company stock valued at $18,648,987 in the last quarter. Corporate insiders own 0.10% of the company's stock.

Home Depot Stock Performance

Shares of Home Depot stock opened at $418.70 on Friday. The stock has a market cap of $416.77 billion, a PE ratio of 28.44, a price-to-earnings-growth ratio of 3.90 and a beta of 1.00. The business has a fifty day simple moving average of $385.21 and a 200-day simple moving average of $371.46. The company has a quick ratio of 0.34, a current ratio of 1.15 and a debt-to-equity ratio of 4.31. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings data 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). 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 prior year, the business posted $4.60 earnings per share. Home Depot's revenue was up 4.9% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, sell-side analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be issued a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Thursday, September 4th. Home Depot's dividend payout ratio (DPR) is currently 62.50%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Jefferies Financial Group reduced their price objective on Home Depot from $461.00 to $456.00 in a research note on Tuesday, May 20th. Telsey Advisory Group reissued an "outperform" rating and set a $455.00 price objective on shares of Home Depot in a research note on Tuesday, August 19th. Gordon Haskett raised their price objective on Home Depot from $350.00 to $360.00 in a research note on Tuesday, May 20th. Stifel Nicolaus raised their price objective on Home Depot from $425.00 to $432.00 and gave the stock a "buy" rating in a research note on Monday, August 18th. Finally, Royal Bank Of Canada decreased 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. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $432.52.

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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