The Home Depot, Inc. $HD Shares Sold by Lbp Am Sa

Key Points

• Lbp Am Sa decreased its stake in Home Depot by 9.2% during the second quarter, owning 86,043 shares worth approximately $31.5 million.
• Home Depot reported earnings of $4.68 per share in its latest quarter, slightly missing analyst expectations, with revenue of $45.28 billion.
• The company announced a quarterly dividend of $2.30 per share, resulting in an annualized dividend yield of 2.3%.

Lbp Am Sa lowered its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 9.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 86,043 shares of the home improvement retailer's stock after selling 8,673 shares during the period. Lbp Am Sa's holdings in Home Depot were worth $31,547,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in HD. Legend Financial Advisors Inc. acquired a new stake in Home Depot in the 2nd quarter worth about $28,000. Abound Financial LLC acquired a new stake in Home Depot in the 1st quarter worth about $31,000. Iron Horse Wealth Management LLC boosted its stake in Home Depot by 86.8% in 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 last quarter. Global X Japan Co. Ltd. acquired a new stake in Home Depot in the 2nd quarter worth about $40,000. Finally, Compass Financial Services Inc acquired a new stake in Home Depot in the 1st quarter worth about $41,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Home Depot Stock Performance

NYSE HD opened at $405.25 on Wednesday. The firm has a market capitalization of $403.38 billion, a P/E ratio of 27.53, a P/E/G ratio of 3.86 and a beta of 1.00. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.34. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37. The business's 50-day simple moving average is $401.39 and its 200-day simple moving average is $375.46.

Home Depot (NYSE:HD - Get Free Report) last announced its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 EPS for the quarter, missing the consensus estimate of $4.69 by ($0.01). The company had revenue of $45.28 billion for the quarter, compared to analysts' expectations of $45.43 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The business's quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Equities analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were issued a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Thursday, September 4th. Home Depot's dividend payout ratio (DPR) is presently 62.50%.

Insider Buying and Selling at Home Depot

In related news, EVP Angie Brown sold 1,000 shares of the firm's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $404.07, for a total transaction of $404,070.00. Following the sale, the executive vice president directly owned 3,837 shares in the company, valued at approximately $1,550,416.59. This trade represents a 20.67% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the firm's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $413.23, for a total value of $2,265,740.09. Following the sale, the executive vice president owned 16,057 shares in the company, valued at approximately $6,635,234.11. The trade was a 25.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 48,835 shares of company stock worth $19,623,432. Insiders own 0.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on HD. DA Davidson reissued a "buy" rating and issued a $450.00 price target on shares of Home Depot in a research note on Tuesday, August 19th. Oppenheimer raised their price target on Home Depot from $400.00 to $420.00 and gave the stock a "market perform" rating in a research note on Thursday, September 25th. JPMorgan Chase & Co. reduced their price objective on Home Depot from $460.00 to $452.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 20th. Wolfe Research initiated coverage on Home Depot in a research note on Thursday, September 18th. They issued an "outperform" rating and a $497.00 price objective on the stock. Finally, Morgan Stanley lifted their price objective on Home Depot from $415.00 to $430.00 and gave the company an "overweight" rating in a research note on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, Home Depot has an average rating of "Moderate Buy" and an average price target of $436.40.

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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