SOA Wealth Advisors LLC. Sells 5,867 Shares of The Home Depot, Inc. $HD

Key Points

• SOA Wealth Advisors LLC reduced its stake in The Home Depot by 19.4%, selling 5,867 shares during the second quarter, leaving it with a total of 24,332 shares valued at approximately $8.9 million.
• In recent analyst ratings, Morgan Stanley increased the target price for Home Depot from $415 to $430, reflecting a positive outlook as multiple firms maintain or upgrade their ratings for the stock.
• Home Depot's CEO sold 32,897 shares for over $13 million, indicating a 21.18% decrease in his holdings, while insiders overall sold nearly 48,835 shares worth over $19 million in the last 90 days.

SOA Wealth Advisors LLC. trimmed its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 19.4% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 24,332 shares of the home improvement retailer's stock after selling 5,867 shares during the quarter. Home Depot comprises approximately 1.0% of SOA Wealth Advisors LLC.'s portfolio, making the stock its 27th biggest position. SOA Wealth Advisors LLC.'s holdings in Home Depot were worth $8,921,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of Home Depot by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 96,484,199 shares of the home improvement retailer's stock valued at $35,360,494,000 after purchasing an additional 720,447 shares during the period. Asset Planning Services Inc. LA ADV increased its position in shares of Home Depot by 99,400.7% during the 1st quarter. Asset Planning Services Inc. LA ADV now owns 18,975,772 shares of the home improvement retailer's stock valued at $6,954,431,000 after purchasing an additional 18,956,701 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Home Depot by 6.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 14,415,278 shares of the home improvement retailer's stock valued at $5,282,398,000 after purchasing an additional 891,326 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Home Depot by 19.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,253,292 shares of the home improvement retailer's stock valued at $3,391,240,000 after purchasing an additional 1,494,261 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Home Depot by 5.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,949,404 shares of the home improvement retailer's stock valued at $3,279,867,000 after purchasing an additional 477,192 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

HD has been the subject of several research reports. Morgan Stanley upped their price target on shares of Home Depot from $415.00 to $430.00 and gave the company an "overweight" rating in a research report on Wednesday, August 20th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $455.00 price target on shares of Home Depot in a research report on Tuesday, August 19th. Robert W. Baird boosted their price objective on Home Depot from $425.00 to $450.00 and gave the company an "outperform" rating in a research note on Wednesday, August 20th. Mizuho boosted their price objective on Home Depot from $435.00 to $450.00 and gave the company an "outperform" rating in a research note on Wednesday, August 20th. Finally, Oppenheimer boosted their price objective on Home Depot from $400.00 to $420.00 and gave the company a "market perform" rating in a research note on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $436.40.

Insiders Place Their Bets

In other news, CEO Edward P. Decker sold 32,897 shares of the company's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $397.22, for a total transaction of $13,067,346.34. Following the sale, the chief executive officer directly owned 122,425 shares of the company's stock, valued at $48,629,658.50. This represents a 21.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Angie Brown sold 1,000 shares of the company's stock in a transaction that occurred 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 directly 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. Insiders sold a total of 48,835 shares of company stock worth $19,623,432 over the last ninety days. 0.10% of the stock is owned by company insiders.

Home Depot Trading Down 0.4%

HD stock opened at $405.25 on Wednesday. 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 company has a market capitalization of $403.38 billion, a price-to-earnings ratio of 27.53, a PEG ratio of 3.86 and a beta of 1.00. The business has a 50 day simple moving average of $401.39 and a two-hundred day simple moving average of $375.46.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share 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 business had revenue of $45.28 billion during the quarter, compared to the consensus estimate of $45.43 billion. During the same quarter in the previous year, the company 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. Research analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were paid a $2.30 dividend. This represents a $9.20 annualized dividend and a yield of 2.3%. The ex-dividend date was Thursday, September 4th. Home Depot's dividend payout ratio is presently 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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