Fermata Advisors LLC Sells 1,066 Shares of The Home Depot, Inc. $HD

Key Points

• Fermata Advisors LLC reduced its stake in Home Depot by 56.8%, holding 812 shares worth approximately $298,000 after selling 1,066 shares in the second quarter.
• Insider selling activity includes EVP William D. Bastek selling 2,303 shares for about $974,445 and CFO Richard V. Mcphail selling 3,369 shares for approximately $1.36 million.
• Analysts have raised their price targets for Home Depot, with estimates ranging from $432.00 to $450.00, and the stock currently has an average rating of "Moderate Buy".

Fermata Advisors LLC cut its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 56.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 812 shares of the home improvement retailer's stock after selling 1,066 shares during the quarter. Fermata Advisors LLC's holdings in Home Depot were worth $298,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Ransom Advisory Ltd acquired a new stake in Home Depot during the 1st quarter worth about $3,851,000. Financial Gravity Asset Management Inc. purchased a new position in shares of Home Depot in the 1st quarter valued at about $406,000. Wealth Management Partners LLC grew its position in shares of Home Depot by 0.6% in the first quarter. Wealth Management Partners LLC now owns 6,506 shares of the home improvement retailer's stock valued at $2,384,000 after purchasing an additional 36 shares in the last quarter. Arbor Capital Management Inc. ADV grew its position in shares of Home Depot by 4.8% in the first quarter. Arbor Capital Management Inc. ADV now owns 4,784 shares of the home improvement retailer's stock valued at $1,757,000 after purchasing an additional 221 shares in the last quarter. Finally, Focus Partners Wealth grew its position in shares of Home Depot by 4.1% in the first quarter. Focus Partners Wealth now owns 423,287 shares of the home improvement retailer's stock valued at $155,131,000 after purchasing an additional 16,654 shares in the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on HD. JPMorgan Chase & Co. decreased their price objective on Home Depot from $460.00 to $452.00 and set an "overweight" rating on the stock in a report on Wednesday, August 20th. Wolfe Research started coverage on Home Depot in a research report on Thursday. They set an "outperform" rating and a $497.00 price objective on the stock. Stifel Nicolaus upped their price objective on Home Depot from $425.00 to $432.00 and gave the stock a "buy" rating in a research report on Monday, August 18th. Truist Financial upped their price objective on Home Depot from $417.00 to $433.00 and gave the stock a "buy" rating in a research report on Wednesday, August 13th. Finally, Mizuho increased their target price on Home Depot from $435.00 to $450.00 and gave the company an "outperform" rating in a report on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Home Depot has an average rating of "Moderate Buy" and a consensus target price of $435.00.

Insiders Place Their Bets

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,483 shares of the business's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $413.23, for a total transaction of $2,265,740.09. Following the completion of the transaction, the executive vice president owned 16,057 shares of the company's stock, valued at $6,635,234.11. The trade was a 25.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP William D. Bastek sold 2,303 shares of the business's stock in a transaction on Friday, September 12th. The stock was sold at an average price of $423.12, for a total transaction of $974,445.36. Following the transaction, the executive vice president directly owned 24,235 shares of the company's stock, valued at approximately $10,254,313.20. This represents a 8.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 48,835 shares of company stock worth $19,623,432 in the last 90 days. 0.10% of the stock is owned by corporate insiders.

Home Depot Stock Performance

Shares of HD traded down $1.71 during trading hours on Friday, reaching $415.77. 6,709,599 shares of the company's stock traded hands, compared to its average volume of 3,720,799. The firm has a market capitalization of $413.85 billion, a price-to-earnings ratio of 28.25, a P/E/G ratio of 3.94 and a beta of 1.00. The business's fifty day simple moving average is $394.94 and its two-hundred day simple moving average is $373.39. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.34.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings data 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). The company had revenue of $45.28 billion during the quarter, compared to the consensus estimate of $45.43 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The company's revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the business earned $4.60 earnings per share. 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 earnings per share for the current year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were paid a dividend of $2.30 per share. 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 (DPR) 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.