Sequoia Financial Advisors LLC Increases Position in The Home Depot, Inc. $HD

Key Points

• Sequoia Financial Advisors LLC increased its stake in The Home Depot, Inc. by 9.3% in the 2nd quarter, bringing their total to 170,616 shares, valued at approximately $62.6 million.
• Executives Teresa Wynn Roseborough and Angie Brown sold significant portions of their shares, reducing their ownership by 25.45% and 20.67%, respectively, amid broader insider sales totaling over 48,800 shares worth nearly $19.6 million.
• Analysts have upgraded Home Depot's stock price targets, with recent estimates ranging from $433.00 to $450.00, indicating a consensus rating of "Moderate Buy" among investment analysts.

Sequoia Financial Advisors LLC increased its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 9.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 170,616 shares of the home improvement retailer's stock after acquiring an additional 14,451 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Home Depot were worth $62,555,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Legend Financial Advisors Inc. purchased a new stake in shares of Home Depot during the second quarter worth $28,000. Abound Financial LLC acquired a new position in shares of Home Depot in the 1st quarter valued at $31,000. Iron Horse Wealth Management LLC boosted its stake in Home Depot by 86.8% during the first quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer's stock worth $36,000 after buying an additional 46 shares during the period. Global X Japan Co. Ltd. purchased a new position in shares of Home Depot during the 2nd quarter worth approximately $40,000. Finally, GFG Capital LLC purchased a new position in shares of Home Depot during the second quarter worth $40,000. Hedge funds and other institutional investors own 70.86% of the company's stock.

Insiders Place Their Bets

In other news, EVP Teresa Wynn Roseborough sold 5,483 shares of the business's stock in a transaction that occurred 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 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 filing with the SEC, which is accessible through the SEC website. Also, EVP Angie Brown sold 1,000 shares of the business's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $404.07, for a total transaction of $404,070.00. Following the sale, the executive vice president owned 3,837 shares in the company, valued at $1,550,416.59. This trade represents a 20.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 48,835 shares of company stock worth $19,623,432. 0.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on HD shares. Truist Financial upped their price target on Home Depot from $417.00 to $433.00 and gave the stock a "buy" rating in a report on Wednesday, August 13th. Wells Fargo & Company raised their target price on shares of Home Depot from $420.00 to $450.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 20th. JPMorgan Chase & Co. decreased their price objective on Home Depot from $460.00 to $452.00 and set an "overweight" rating for the company in a research report on Wednesday, August 20th. Mizuho increased their price target on shares of Home Depot from $435.00 to $450.00 and gave the stock an "outperform" rating in a report on Wednesday, August 20th. Finally, Robert W. Baird raised their target price on Home Depot from $425.00 to $450.00 and gave the company an "outperform" rating in a report on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $435.42.

Home Depot Stock Performance

NYSE HD opened at $385.06 on Friday. The business's 50-day simple moving average is $402.93 and its 200-day simple moving average is $378.83. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year 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. The firm has a market capitalization of $383.29 billion, a P/E ratio of 26.16, a P/E/G ratio of 3.69 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last issued 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 net margin of 8.86% and a return on equity of 193.99%. The firm had revenue of $45.28 billion during the quarter, compared to analyst estimates of $45.43 billion. During the same period last year, the business earned $4.60 EPS. The firm's 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. 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 disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were given a dividend of $2.30 per share. The ex-dividend date was Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a yield of 2.4%. Home Depot's payout ratio 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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