The Home Depot, Inc. $HD Shares Sold by Mitchell Capital Management Co.

Key Points

• Mitchell Capital Management Co. has reduced its stake in The Home Depot by 10.8%, now holding 14,879 shares valued at approximately $5.35 million.
• Several research firms have upgraded their price targets for Home Depot, with Stifel Nicolaus setting a new target at $432.00 and Wells Fargo increasing theirs to $450.00.
• The company recently announced a quarterly dividend of $2.30 per share, corresponding to an annual yield of 2.4% and a payout ratio of 62.50%.

Mitchell Capital Management Co. reduced its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 10.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,879 shares of the home improvement retailer's stock after selling 1,809 shares during the quarter. Mitchell Capital Management Co.'s holdings in Home Depot were worth $5,348,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of HD. Legend Financial Advisors Inc. acquired a new stake in shares of Home Depot in the second quarter valued at approximately $28,000. Abound Financial LLC acquired a new stake in shares of Home Depot in the first quarter valued at approximately $31,000. Iron Horse Wealth Management LLC boosted its holdings in shares of 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 valued at $36,000 after acquiring an additional 46 shares during the period. Global X Japan Co. Ltd. acquired a new stake in shares of Home Depot in the second quarter valued at approximately $40,000. Finally, GFG Capital LLC acquired a new stake in shares of Home Depot in the second quarter valued at approximately $40,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on HD. Stifel Nicolaus increased their price objective on Home Depot from $425.00 to $432.00 and gave the company a "buy" rating in a report on Monday, August 18th. Oppenheimer increased their price objective on Home Depot from $400.00 to $420.00 and gave the company a "market perform" rating in a report on Thursday, September 25th. Truist Financial increased their price target on Home Depot from $417.00 to $433.00 and gave the stock a "buy" rating in a report on Wednesday, August 13th. Wells Fargo & Company increased their price target on Home Depot from $420.00 to $450.00 and gave the stock an "overweight" rating in a report on Wednesday, August 20th. Finally, JPMorgan Chase & Co. decreased their price target on Home Depot from $460.00 to $452.00 and set an "overweight" rating for the company in a report on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $435.42.

Home Depot Price Performance

Shares of NYSE HD opened at $375.86 on Monday. 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 stock has a fifty day moving average price of $403.54 and a 200 day moving average price of $377.30. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37. The company has a market cap of $374.13 billion, a PE ratio of 25.53, a P/E/G ratio of 3.57 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last released 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 business had revenue of $45.28 billion during the quarter, compared to analysts' expectations of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The company's revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Sell-side analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were given a $2.30 dividend. The ex-dividend date was Thursday, September 4th. This represents a $9.20 annualized dividend and a yield of 2.4%. Home Depot's dividend payout ratio is presently 62.50%.

Insider Transactions at Home Depot

In other Home Depot news, CFO Richard V. Mcphail sold 3,369 shares of the stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $403.66, for a total value of $1,359,930.54. Following the completion of the transaction, the chief financial officer owned 45,455 shares in the company, valued at approximately $18,348,365.30. This represents a 6.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Angie Brown sold 1,000 shares of the stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $404.07, for a total value of $404,070.00. Following the completion of the transaction, the executive vice president owned 3,837 shares of the company's stock, valued at $1,550,416.59. The trade was a 20.67% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 48,835 shares of company stock valued at $19,623,432 in the last three months. Insiders own 0.10% of the company's stock.

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.

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