The Home Depot, Inc. $HD Shares Sold by Avity Investment Management Inc.

Key Points

• Avity Investment Management Inc. has reduced its stake in The Home Depot by 13.8% during the second quarter, now holding 7,197 shares worth approximately $2.64 million.
• Home Depot reported $4.68 EPS for the quarter, slightly missing analysts' expectations, with a revenue of $45.28 billion, which is a 4.9% increase year-over-year.
• The company has declared a quarterly dividend of $2.30 per share, which will be paid on September 18th, reflecting an annualized dividend yield of 2.2%.

Avity Investment Management Inc. cut its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 13.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,197 shares of the home improvement retailer's stock after selling 1,155 shares during the period. Avity Investment Management Inc.'s holdings in Home Depot were worth $2,639,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of HD. Abound Financial LLC acquired a new stake in shares of Home Depot during the first quarter valued at about $31,000. Iron Horse Wealth Management LLC grew its stake in Home Depot by 86.8% in the first quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer's stock worth $36,000 after purchasing an additional 46 shares in the last quarter. Compass Financial Services Inc acquired a new position in Home Depot in the first quarter worth about $41,000. Livelsberger Financial Advisory acquired a new position in Home Depot in the second quarter worth about $41,000. Finally, Quest 10 Wealth Builders Inc. grew its stake in Home Depot by 35.7% in the first quarter. Quest 10 Wealth Builders Inc. now owns 114 shares of the home improvement retailer's stock worth $42,000 after purchasing an additional 30 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Stock Performance

Shares of NYSE HD opened at $423.33 on Monday. 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 firm's 50-day moving average price is $390.03 and its two-hundred day moving average price is $372.22. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37. The stock has a market capitalization of $421.38 billion, a P/E ratio of 28.76, a P/E/G ratio of 4.01 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last issued 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 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 period in the prior year, the business 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. As a group, sell-side analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be given a dividend of $2.30 per share. The ex-dividend date is Thursday, September 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.2%. Home Depot's payout ratio is currently 62.50%.

Analysts Set New Price Targets

A number of equities analysts recently commented on HD shares. Telsey Advisory Group reiterated an "outperform" rating and issued a $455.00 price target on shares of Home Depot in a research note on Tuesday, August 19th. Guggenheim reiterated a "buy" rating and issued a $450.00 price target on shares of Home Depot in a research note on Wednesday, May 21st. Jefferies Financial Group decreased their price target on Home Depot from $461.00 to $456.00 in a research note on Tuesday, May 20th. Gordon Haskett lifted their price target on Home Depot from $350.00 to $360.00 in a research note on Tuesday, May 20th. Finally, Robert W. Baird lifted their price target on Home Depot from $425.00 to $450.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $432.52.

Insider Buying and Selling at Home Depot

In other news, EVP William D. Bastek sold 3,783 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $410.23, for a total transaction of $1,551,900.09. Following the completion of the transaction, the executive vice president directly owned 24,235 shares in the company, valued at approximately $9,941,924.05. The trade was a 13.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the business'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 transaction, the executive vice president owned 16,057 shares of the company's stock, valued at approximately $6,635,234.11. This 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 sold 46,532 shares of company stock valued at $18,648,987. 0.10% of the stock is currently owned by insiders.

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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