The Home Depot, Inc. $HD Shares Sold by Thomasville National Bank

Key Points

• Thomasville National Bank has reduced its stake in The Home Depot, Inc. by 9.0%, totaling 6,511 shares valued at approximately $2,387,000.
• Key executives at Home Depot, including EVP Teresa Wynn Roseborough and CFO Richard V. Mcphail, have recently sold a significant number of shares, indicating insider trading activity.
• Home Depot reported $4.68 EPS for the last quarter, missing estimates, with annual guidance set at 14.940 EPS, while a consensus price target among analysts stands at $435.00.

Thomasville National Bank cut its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 9.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,511 shares of the home improvement retailer's stock after selling 644 shares during the quarter. Thomasville National Bank's holdings in Home Depot were worth $2,387,000 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 HD. Abound Financial LLC purchased a new stake in Home Depot during the 1st quarter valued at about $31,000. Iron Horse Wealth Management LLC raised its holdings 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 purchasing an additional 46 shares during the period. Compass Financial Services Inc purchased a new stake in Home Depot during the 1st quarter worth approximately $41,000. Livelsberger Financial Advisory purchased a new stake in Home Depot during the 2nd quarter worth approximately $41,000. Finally, Quest 10 Wealth Builders Inc. grew its position in Home Depot by 35.7% in the first quarter. Quest 10 Wealth Builders Inc. now owns 114 shares of the home improvement retailer's stock worth $42,000 after acquiring an additional 30 shares during the period. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Home Depot

In other Home Depot news, EVP Angie Brown sold 1,000 shares of the firm's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total value of $404,070.00. Following the transaction, the executive vice president owned 3,837 shares of the company's stock, valued at $1,550,416.59. This trade represents a 20.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Richard V. Mcphail sold 3,369 shares of the firm's stock in a transaction that occurred 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 owned 45,455 shares in the company, valued at $18,348,365.30. The trade was a 6.90% 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 over the last ninety days. Insiders own 0.10% of the company's stock.

Home Depot Trading Down 0.7%

Shares of HD stock traded down $2.83 on Monday, reaching $412.86. 2,492,762 shares of the stock were exchanged, compared to its average volume of 3,599,784. The stock has a market cap of $410.96 billion, a P/E ratio of 28.05, a price-to-earnings-growth ratio of 3.94 and a beta of 1.00. The company has a quick ratio of 0.34, a current ratio of 1.15 and a debt-to-equity ratio of 4.31. The firm has a 50 day moving average of $394.94 and a two-hundred day moving average of $373.33. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last announced 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). Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The company had revenue of $45.28 billion during the quarter, compared to analyst estimates of $45.43 billion. During the same quarter in the prior year, the company posted $4.60 earnings per share. The firm's revenue for the quarter was up 4.9% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, research analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were given a dividend of $2.30 per share. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.2%. Home Depot's dividend payout ratio (DPR) is presently 62.50%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Truist Financial increased 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. Mizuho lifted their price target on Home Depot from $435.00 to $450.00 and gave the stock an "outperform" rating in a report on Wednesday, August 20th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $455.00 price target on shares of Home Depot in a report on Tuesday, August 19th. Stifel Nicolaus raised their price objective on Home Depot from $425.00 to $432.00 and gave the stock a "buy" rating in a report on Monday, August 18th. Finally, Robert W. Baird raised their price objective on Home Depot from $425.00 to $450.00 and gave the stock an "outperform" rating in a report on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Home Depot currently has an average rating of "Moderate Buy" and an average target price of $435.00.

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.