The Home Depot, Inc. $HD Shares Acquired by Sunbeam Capital Management LLC

Key Points

• Sunbeam Capital Management LLC increased its holdings in The Home Depot by 46.2%, owning 2,078 shares worth approximately $762,000 as of the end of the last quarter.
• The Home Depot's stock recently opened at $389.56 and has a market cap of $387.76 billion, with analysts predicting an average EPS of 15.13 for the current fiscal year.
• Insiders sold a total of 48,835 shares worth about $19.6 million in the last quarter, indicating a decrease in their ownership in the company.

Sunbeam Capital Management LLC boosted its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 46.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,078 shares of the home improvement retailer's stock after purchasing an additional 657 shares during the period. Sunbeam Capital Management LLC's holdings in Home Depot were worth $762,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Legend Financial Advisors Inc. acquired a new stake in Home Depot during the second quarter valued at approximately $28,000. Abound Financial LLC acquired a new stake in shares of Home Depot during the first quarter valued at approximately $31,000. Iron Horse Wealth Management LLC raised its holdings in shares of 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 during the period. Global X Japan Co. Ltd. acquired a new stake in shares of Home Depot during the second quarter valued at approximately $40,000. Finally, Compass Financial Services Inc acquired a new stake in shares of Home Depot during the first quarter valued at approximately $41,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Down 1.4%

Home Depot stock opened at $389.56 on Tuesday. The firm has a market cap of $387.76 billion, a PE ratio of 26.46, a P/E/G ratio of 3.75 and a beta of 1.00. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15. The firm's 50 day moving average price is $402.88 and its two-hundred day moving average price is $376.78. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $45.43 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The firm's quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, research analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently disclosed 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 2.4%. The ex-dividend date was Thursday, September 4th. Home Depot's dividend payout ratio is currently 62.50%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus boosted their price target on shares of Home Depot from $425.00 to $432.00 and gave the company a "buy" rating in a report on Monday, August 18th. Weiss Ratings restated a "buy (b)" rating on shares of Home Depot in a report on Saturday, September 27th. DA Davidson restated a "buy" rating and set a $450.00 price target on shares of Home Depot in a report on Tuesday, August 19th. JPMorgan Chase & Co. cut 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. Finally, Wolfe Research assumed coverage on shares of Home Depot in a report on Thursday, September 18th. They set an "outperform" rating and a $497.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Home Depot presently has an average rating of "Moderate Buy" and an average price target of $436.40.

Insider Transactions at Home Depot

In other Home Depot news, EVP Angie Brown sold 1,000 shares of the business's stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total value of $404,070.00. Following the completion of the sale, the executive vice president directly owned 3,837 shares of the company's stock, valued at $1,550,416.59. The trade was a 20.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Richard V. Mcphail sold 3,369 shares of the business's stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $403.66, for a total transaction of $1,359,930.54. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 48,835 shares of company stock worth $19,623,432. 0.10% of the stock is owned by company insiders.

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.

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