The Home Depot, Inc. $HD Shares Sold by Wealthcare Advisory Partners LLC

Key Points

• Wealthcare Advisory Partners reduced its Home Depot stake by 20.7% in the second quarter, selling 10,902 shares and retaining 41,673 shares valued at approximately $14.7 million.
• Home Depot reported quarterly revenue of $41.77 billion and adjusted earnings of $3.43 per share, modestly exceeding analyst estimates, while revenue increased 4.8% year over year.
• The company pays a quarterly dividend of $2.33, equivalent to $9.32 annually and a 2.7% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $371.71.

Wealthcare Advisory Partners LLC lessened its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 20.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 41,673 shares of the home improvement retailer's stock after selling 10,902 shares during the period. Wealthcare Advisory Partners LLC's holdings in Home Depot were worth $14,697,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Home Depot in the 4th quarter worth approximately $4,850,329,000. Wellington Management Group LLP increased its stake in shares of Home Depot by 60.8% during the third quarter. Wellington Management Group LLP now owns 10,143,089 shares of the home improvement retailer's stock valued at $4,109,878,000 after acquiring an additional 3,836,051 shares during the period. Cardano Risk Management B.V. increased its stake in shares of Home Depot by 901.5% during the fourth quarter. Cardano Risk Management B.V. now owns 3,290,540 shares of the home improvement retailer's stock valued at $1,132,275,000 after acquiring an additional 2,961,979 shares during the period. Diamant Asset Management Inc. raised its holdings in Home Depot by 33,026.3% during the first quarter. Diamant Asset Management Inc. now owns 2,342,026 shares of the home improvement retailer's stock worth $770,269,000 after purchasing an additional 2,334,956 shares in the last quarter. Finally, J. Stern & Co. LLP raised its holdings in Home Depot by 14,869.3% during the fourth quarter. J. Stern & Co. LLP now owns 2,232,521 shares of the home improvement retailer's stock worth $768,210,000 after purchasing an additional 2,217,607 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company's stock.

Home Depot Stock Performance

Home Depot stock opened at $350.23 on Tuesday. The Home Depot, Inc. has a fifty-two week low of $289.10 and a fifty-two week high of $426.75. The firm's 50 day simple moving average is $336.54 and its 200-day simple moving average is $342.65. The company has a debt-to-equity ratio of 3.23, a current ratio of 1.04 and a quick ratio of 0.28. The company has a market cap of $349.22 billion, a P/E ratio of 24.87, a price-to-earnings-growth ratio of 4.11 and a beta of 0.95.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 EPS for the quarter, beating the consensus estimate of $3.41 by $0.02. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The business had revenue of $41.77 billion during the quarter, compared to the consensus estimate of $41.59 billion. During the same quarter in the prior year, the firm earned $3.56 EPS. The firm's quarterly revenue was up 4.8% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, equities research analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were issued a $2.33 dividend. The ex-dividend date was Thursday, June 4th. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.7%. Home Depot's dividend payout ratio is presently 66.19%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on HD. Bank of America started coverage on Home Depot in a research note on Tuesday, May 5th. They set a "buy" rating and a $374.00 price target for the company. Morgan Stanley dropped their price objective on Home Depot from $420.00 to $400.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 20th. Piper Sandler cut their price objective on Home Depot from $422.00 to $421.00 and set an "overweight" rating for the company in a report on Wednesday, May 20th. Oppenheimer decreased their target price on Home Depot from $405.00 to $310.00 and set a "market perform" rating for the company in a research note on Monday, May 18th. Finally, The Goldman Sachs Group lowered their target price on Home Depot from $409.00 to $390.00 and set a "buy" rating on the stock in a report on Wednesday, May 20th. Eighteen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $371.71.

Home Depot Company Profile

The Home Depot, Inc NYSE: HD is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot's core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.

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