The Home Depot, Inc. $HD Shares Acquired by Sowell Financial Services LLC

Key Points

• Sowell Financial Services LLC increased its stake in The Home Depot by 25.1% during the 2nd quarter, owning 17,281 shares valued at $6.34 million.
• The company's stock price opened at $415.77, with a market cap of $413.85 billion and a P/E ratio of 28.25.
• Home Depot reported $4.68 EPS for the last quarter, slightly missing analysts' estimates, with revenue reaching $45.28 billion—a 4.9% increase year-over-year.

Sowell Financial Services LLC boosted its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 25.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,281 shares of the home improvement retailer's stock after purchasing an additional 3,465 shares during the period. Sowell Financial Services LLC's holdings in Home Depot were worth $6,336,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Petredis Investment Advisors LLC lifted its position in Home Depot by 1.1% in the 2nd quarter. Petredis Investment Advisors LLC now owns 27,944 shares of the home improvement retailer's stock valued at $10,245,000 after purchasing an additional 300 shares during the last quarter. Annex Advisory Services LLC increased its position in shares of Home Depot by 3.8% in the second quarter. Annex Advisory Services LLC now owns 21,536 shares of the home improvement retailer's stock worth $7,896,000 after acquiring an additional 796 shares in the last quarter. Wealth Management Partners LLC boosted its holdings in shares of Home Depot by 1.9% during the second quarter. Wealth Management Partners LLC now owns 6,628 shares of the home improvement retailer's stock worth $2,437,000 after purchasing an additional 122 shares during the period. Bond & Devick Financial Network Inc. lifted its stake in Home Depot by 55.1% in the second quarter. Bond & Devick Financial Network Inc. now owns 1,407 shares of the home improvement retailer's stock valued at $516,000 after acquiring an additional 500 shares during the last quarter. Finally, Congress Park Capital LLC lifted its stake in shares of Home Depot by 2.4% in the second quarter. Congress Park Capital LLC now owns 3,170 shares of the home improvement retailer's stock worth $1,162,000 after buying an additional 75 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Home Depot

In other news, CEO Edward P. Decker sold 32,897 shares of the firm's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $397.22, for a total value of $13,067,346.34. Following the completion of the sale, the chief executive officer owned 122,425 shares of the company's stock, valued at $48,629,658.50. This trade represents a 21.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of Home Depot stock in a transaction dated 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 sale, the executive vice president directly 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 sold 48,835 shares of company stock valued at $19,623,432. Company insiders own 0.10% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on HD. JPMorgan Chase & Co. lowered their price target on shares of Home Depot from $460.00 to $452.00 and set an "overweight" rating on the stock in a report on Wednesday, August 20th. DA Davidson reaffirmed a "buy" rating and issued a $450.00 price target on shares of Home Depot in a research note on Tuesday, August 19th. Mizuho lifted their price target on shares of Home Depot from $435.00 to $450.00 and gave the company an "outperform" rating in a research note on Wednesday, August 20th. Telsey Advisory Group reissued an "outperform" rating and issued a $455.00 price objective on shares of Home Depot in a report on Tuesday, August 19th. Finally, Stifel Nicolaus lifted their price objective on shares of Home Depot from $425.00 to $432.00 and gave the stock a "buy" rating in a research report on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $435.00.

Home Depot Price Performance

Shares of NYSE HD traded down $1.71 during trading hours on Friday, reaching $415.77. 6,709,599 shares of the stock traded hands, compared to its average volume of 3,792,485. The company has a market capitalization of $413.85 billion, a P/E ratio of 28.25, a price-to-earnings-growth ratio of 3.94 and a beta of 1.00. 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 52-week low of $326.31 and a 52-week high of $439.37. The company's 50-day simple moving average is $394.94 and its two-hundred day simple moving average is $373.33.

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

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were paid a $2.30 dividend. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.2%. Home Depot's dividend payout ratio is 62.50%.

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.