The Home Depot, Inc. $HD Shares Sold by Great Lakes Advisors LLC

Key Points

• Great Lakes Advisors LLC reduced its holdings in The Home Depot by 34.9%, selling 13,075 shares to end the quarter with 24,432 shares valued at approximately $8.95 million.
• Home Depot's latest earnings report showed an EPS of $4.68, missing estimates slightly, while revenue grew 4.9% year-over-year to $45.28 billion.
• The company declared a quarterly dividend of $2.30, representing an annualized yield of 2.2%, with a current payout ratio of 62.50%.

Great Lakes Advisors LLC reduced its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 34.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,432 shares of the home improvement retailer's stock after selling 13,075 shares during the quarter. Great Lakes Advisors LLC's holdings in Home Depot were worth $8,954,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of HD. Asset Planning Services Inc. LA ADV grew its stake in Home Depot by 99,400.7% during the first quarter. Asset Planning Services Inc. LA ADV now owns 18,975,772 shares of the home improvement retailer's stock worth $6,954,431,000 after buying an additional 18,956,701 shares during the period. GAMMA Investing LLC grew its stake in Home Depot by 39,194.1% during the first quarter. GAMMA Investing LLC now owns 10,236,903 shares of the home improvement retailer's stock worth $37,517,230,000 after buying an additional 10,210,851 shares during the period. Nuveen LLC purchased a new stake in Home Depot during the first quarter worth approximately $2,076,592,000. Price T Rowe Associates Inc. MD grew its stake in Home Depot by 19.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,253,292 shares of the home improvement retailer's stock worth $3,391,240,000 after buying an additional 1,494,261 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in Home Depot by 6.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 14,415,278 shares of the home improvement retailer's stock worth $5,282,398,000 after buying an additional 891,326 shares during the period. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on HD shares. Telsey Advisory Group reiterated an "outperform" rating and set a $455.00 price objective on shares of Home Depot in a research note on Tuesday, August 19th. TD Securities downgraded shares of Home Depot to a "buy" rating in a research note on Monday, June 2nd. Jefferies Financial Group decreased their price objective on shares of Home Depot from $461.00 to $456.00 in a research note on Tuesday, May 20th. JPMorgan Chase & Co. decreased their target price on shares of Home Depot from $460.00 to $452.00 and set an "overweight" rating for the company in a research note on Wednesday, August 20th. Finally, Gordon Haskett upped their target price on shares of Home Depot from $350.00 to $360.00 in a research note on Tuesday, May 20th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Home Depot presently has an average rating of "Moderate Buy" and an average price target of $432.52.

Home Depot Price Performance

Shares of HD stock opened at $420.20 on Tuesday. The company has a market capitalization of $418.26 billion, a PE ratio of 28.55, a price-to-earnings-growth ratio of 3.97 and a beta of 1.00. The firm has a fifty day simple moving average of $386.27 and a 200-day simple moving average of $371.38. 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 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 posted its quarterly earnings results 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 analyst estimates 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 period in the prior year, the company earned $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Equities research analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be issued a $2.30 dividend. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $9.20 annualized dividend and a yield of 2.2%. Home Depot's dividend payout ratio is currently 62.50%.

Insider Transactions at Home Depot

In related news, CEO Edward P. Decker sold 32,897 shares of the company's stock in a transaction on 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 sale, the chief executive officer directly owned 122,425 shares of the company's stock, valued at $48,629,658.50. This represents a 21.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Richard V. Mcphail sold 3,369 shares of the company's stock in a transaction on Wednesday, August 20th. The shares were 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 in the company, 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. Insiders sold a total of 46,532 shares of company stock valued at $18,648,987 over the last ninety days. 0.10% of the stock is currently owned by corporate insiders.

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.

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