Ameriflex Group Inc. Has $761,000 Stock Holdings in The Home Depot, Inc. $HD

Key Points

• Ameriflex Group Inc. sold 26.4% of its holdings in The Home Depot, reducing its shares to 2,076, valued at approximately $761,000 as of the latest SEC filing.
• Institutional investors and hedge funds collectively own 70.86% of Home Depot's stock, indicating strong institutional interest and recent significant share acquisitions by firms like Asset Planning Services Inc. and GAMMA Investing LLC.
• Home Depot reported a quarterly EPS of $4.68, slightly missing analyst estimates, with revenue of $45.28 billion, and announced a dividend of $2.30 per share to be paid in September, reflecting a 2.3% dividend yield.

Ameriflex Group Inc. decreased its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 26.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,076 shares of the home improvement retailer's stock after selling 745 shares during the period. Ameriflex Group Inc.'s holdings in Home Depot were worth $761,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Abound Financial LLC bought a new position in Home Depot during the 1st quarter worth $31,000. Quarry LP increased its position in Home Depot by 220.0% during the 4th quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock worth $37,000 after buying an additional 66 shares during the period. Iron Horse Wealth Management LLC increased its position in Home Depot by 86.8% during the 1st 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. Quest 10 Wealth Builders Inc. increased its position in Home Depot by 35.7% during the 1st quarter. Quest 10 Wealth Builders Inc. now owns 114 shares of the home improvement retailer's stock worth $42,000 after buying an additional 30 shares during the period. Finally, Spurstone Advisory Services LLC bought a new position in Home Depot during the 4th quarter worth $45,000. Institutional investors own 70.86% of the company's stock.

Insider Transactions at Home Depot

In other Home Depot news, EVP Angie Brown sold 1,000 shares of Home Depot stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $404.07, for a total value of $404,070.00. Following the transaction, the executive vice president owned 3,837 shares in the company, 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 link. Also, CEO Edward P. Decker sold 32,897 shares of Home Depot stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $397.22, for a total value of $13,067,346.34. Following the completion of the transaction, the chief executive officer owned 122,425 shares in the company, valued at approximately $48,629,658.50. This represents a 21.18% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 46,532 shares of company stock valued at $18,648,987. Company insiders own 0.10% of the company's stock.

Wall Street Analyst Weigh In

HD has been the topic of a number of recent analyst reports. Truist Financial raised their price target on Home Depot from $417.00 to $433.00 and gave the stock a "buy" rating in a research report on Wednesday, August 13th. Royal Bank Of Canada decreased their price target on Home Depot from $424.00 to $399.00 and set a "sector perform" rating on the stock in a research report on Thursday, May 15th. Telsey Advisory Group restated an "outperform" rating and issued a $455.00 price target on shares of Home Depot in a research report on Tuesday, August 19th. TD Securities cut Home Depot to a "buy" rating in a research report on Monday, June 2nd. Finally, Sanford C. Bernstein restated a "market perform" rating and issued a $398.00 price target (up previously from $380.00) on shares of Home Depot in a research report on Wednesday, May 21st. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Home Depot presently has an average rating of "Moderate Buy" and a consensus target price of $432.52.

Home Depot Price Performance

Home Depot stock traded up $7.01 during midday trading on Friday, reaching $418.70. The company's stock had a trading volume of 5,854,063 shares, compared to its average volume of 3,533,561. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $439.37. 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 business has a 50-day moving average price of $385.21 and a 200-day moving average price of $371.46. The stock has a market cap of $416.77 billion, a PE ratio of 28.44, a price-to-earnings-growth ratio of 3.90 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last released its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $45.43 billion. During the same quarter in the prior year, the firm earned $4.60 EPS. The business's 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. On average, sell-side analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be given a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Thursday, September 4th. 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.