Venture Visionary Partners LLC Sells 38,068 Shares of The Home Depot, Inc. $HD

Key Points

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Venture Visionary Partners LLC cut its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 48.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,764 shares of the home improvement retailer's stock after selling 38,068 shares during the quarter. Venture Visionary Partners LLC's holdings in Home Depot were worth $14,573,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its stake in Home Depot by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 96,484,199 shares of the home improvement retailer's stock valued at $35,360,494,000 after purchasing an additional 720,447 shares during the period. Asset Planning Services Inc. LA ADV raised its stake in Home Depot by 99,400.7% during the 1st quarter. Asset Planning Services Inc. LA ADV now owns 18,975,772 shares of the home improvement retailer's stock valued at $6,954,431,000 after purchasing an additional 18,956,701 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Home Depot by 6.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 14,415,278 shares of the home improvement retailer's stock valued at $5,282,398,000 after purchasing an additional 891,326 shares during the period. Northern Trust Corp raised its stake in Home Depot by 13.3% during the 4th quarter. Northern Trust Corp now owns 12,149,890 shares of the home improvement retailer's stock valued at $4,726,186,000 after purchasing an additional 1,424,857 shares during the period. Finally, GAMMA Investing LLC raised its stake in Home Depot by 39,194.1% during the 1st quarter. GAMMA Investing LLC now owns 10,236,903 shares of the home improvement retailer's stock valued at $37,517,230,000 after purchasing an additional 10,210,851 shares during the period. 70.86% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on HD. TD Securities downgraded shares of Home Depot to a "buy" rating in a research note on Monday, June 2nd. Gordon Haskett lifted their target price on shares of Home Depot from $350.00 to $360.00 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. DA Davidson reissued a "buy" rating and set a $450.00 target price on shares of Home Depot in a research note on Tuesday. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $455.00 target price on shares of Home Depot in a research note on Tuesday. One investment 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 stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $432.52.

Home Depot Stock Up 3.8%

Shares of HD traded up $15.2960 during mid-day trading on Friday, hitting $412.9960. 5,283,627 shares of the company's stock were exchanged, compared to its average volume of 3,560,177. The firm has a fifty day moving average of $373.34 and a two-hundred day moving average of $371.56. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37. The stock has a market cap of $410.90 billion, a price-to-earnings ratio of 28.06, a P/E/G ratio of 3.81 and a beta of 1.00. The company has a quick ratio of 0.28, a current ratio of 1.15 and a debt-to-equity ratio of 4.31.

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

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be paid a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Thursday, September 4th. Home Depot's payout ratio is presently 62.50%.

Insider Activity

In other news, CFO Richard V. Mcphail sold 3,369 shares of the business's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $403.66, for a total value 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 approximately $18,348,365.30. The trade was a 6.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Angie Brown sold 1,000 shares of the business's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $404.07, for a total transaction of $404,070.00. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 42,672 shares of company stock valued at $16,827,675 over the last three months. Corporate insiders own 0.10% of the company's stock.

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.