ABLE Financial Group LLC Buys 724 Shares of The Home Depot, Inc. $HD

Key Points

• ABLE Financial Group LLC increased its stake in The Home Depot by 10.4%, holding a total of 7,668 shares valued at approximately $2.81 million as of the latest filing with the SEC.
• Home Depot's quarterly earnings report showed an EPS of $4.68, which slightly missed analysts' expectations, while revenues reached $45.28 billion, a 4.9% increase from the previous year.
• The company announced a quarterly dividend of $2.30 per share, representing a 2.2% yield, with a dividend payout ratio of 62.5%.

ABLE Financial Group LLC boosted its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 10.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,668 shares of the home improvement retailer's stock after purchasing an additional 724 shares during the quarter. ABLE Financial Group LLC's holdings in Home Depot were worth $2,812,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in HD. Abound Financial LLC purchased a new position in shares of Home Depot in the first quarter worth about $31,000. Iron Horse Wealth Management LLC raised its position 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 valued at $36,000 after acquiring an additional 46 shares in the last quarter. Global X Japan Co. Ltd. purchased a new position in Home Depot during the second quarter valued at approximately $40,000. Compass Financial Services Inc purchased a new position in Home Depot during the first quarter valued at approximately $41,000. Finally, Livelsberger Financial Advisory purchased a new position in Home Depot during the second quarter valued at approximately $41,000. Institutional investors own 70.86% of the company's stock.

Home Depot Price Performance

Shares of HD traded down $2.83 during mid-day trading on Monday, hitting $412.86. The company's stock had a trading volume of 2,655,518 shares, compared to its average volume of 3,792,485. The company has a current ratio of 1.15, a quick ratio of 0.34 and a debt-to-equity ratio of 4.31. The firm has a 50-day simple moving average of $395.79 and a 200 day simple moving average of $373.58. The firm has a market capitalization of $410.96 billion, a P/E ratio of 28.05, a P/E/G ratio of 3.94 and a beta of 1.00. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last released 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). The company had revenue of $45.28 billion for the quarter, compared to analysts' expectations of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The business's quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the business posted $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Analysts predict 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. Investors of record on Thursday, September 4th were paid a $2.30 dividend. The ex-dividend date was Thursday, September 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.2%. Home Depot's payout ratio is 62.50%.

Insiders Place Their Bets

In related news, CFO Richard V. Mcphail sold 3,369 shares of the stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $403.66, for a total value of $1,359,930.54. Following the completion of the transaction, the chief financial officer directly owned 45,455 shares of the company's stock, valued at $18,348,365.30. This represents a 6.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the company'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 value of $2,265,740.09. Following the completion of the sale, the executive vice president owned 16,057 shares of the company's stock, valued at $6,635,234.11. This trade represents a 25.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 48,835 shares of company stock valued at $19,623,432. Insiders own 0.10% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on HD. Stifel Nicolaus lifted their price target on Home Depot from $425.00 to $432.00 and gave the company a "buy" rating in a research report on Monday, August 18th. Morgan Stanley boosted their price target on Home Depot from $415.00 to $430.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 20th. TD Securities cut Home Depot to a "buy" rating in a research report on Monday, June 2nd. JPMorgan Chase & Co. dropped their price target 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. Finally, Robert W. Baird boosted their price target on Home Depot from $425.00 to $450.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $435.00.

Home Depot Company 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.