Yousif Capital Management LLC Has $47.56 Million Stock Position in The Home Depot, Inc. $HD

Key Points

• Yousif Capital Management LLC reduced its stake in Home Depot by 0.7% to a total of 129,707 shares, valued at approximately $47.56 million as of its last filing.
• Several institutional investors significantly increased their holdings in Home Depot, with Asset Planning Services Inc. growing its position by 99,400.7% during the first quarter of the year.
• Home Depot reported a slight earnings miss in its most recent quarter, with an EPS of $4.68, falling short of the expected $4.69, but its revenue increased by 4.9% year-over-year.

Yousif Capital Management LLC reduced its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 0.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 129,707 shares of the home improvement retailer's stock after selling 963 shares during the quarter. Home Depot accounts for 0.5% of Yousif Capital Management LLC's holdings, making the stock its 21st biggest holding. Yousif Capital Management LLC's holdings in Home Depot were worth $47,556,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of HD. Asset Planning Services Inc. LA ADV grew its holdings in shares of 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 worth $6,954,431,000 after purchasing an additional 18,956,701 shares in the last quarter. Nuveen LLC bought a new stake in shares of Home Depot during the 1st quarter worth $2,076,592,000. Valeo Financial Advisors LLC lifted its position in shares of Home Depot by 16,746.9% during the 2nd quarter. Valeo Financial Advisors LLC now owns 4,537,880 shares of the home improvement retailer's stock worth $1,663,768,000 after buying an additional 4,510,944 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Home Depot by 19.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,253,292 shares of the home improvement retailer's stock worth $3,391,240,000 after buying an additional 1,494,261 shares during the last quarter. Finally, Kingstone Capital Partners Texas LLC bought a new stake in shares of Home Depot during the 2nd quarter worth $418,486,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Home Depot

In other 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 completion of the transaction, the executive vice president directly owned 3,837 shares in the company, 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 Securities & Exchange Commission, which is available through the SEC website. Also, CEO Edward P. Decker sold 32,897 shares of the firm's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $397.22, for a total value of $13,067,346.34. Following the transaction, the chief executive officer owned 122,425 shares of the company's stock, valued at $48,629,658.50. This trade represents a 21.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 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 Price Performance

Home Depot stock opened at $379.36 on Tuesday. The company has a current ratio of 1.15, a quick ratio of 0.34 and a debt-to-equity ratio of 4.31. The company has a market capitalization of $377.61 billion, a PE ratio of 25.77, a P/E/G ratio of 3.57 and a beta of 1.00. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37. The stock has a 50-day moving average price of $403.51 and a two-hundred day moving average price of $377.45.

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

Home Depot Announces Dividend

The business also recently disclosed 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. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Thursday, September 4th. Home Depot's dividend payout ratio (DPR) is 62.50%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on HD. Telsey Advisory Group restated an "outperform" rating and set a $455.00 price objective on shares of Home Depot in a research report on Tuesday, August 19th. Wolfe Research began coverage on Home Depot in a research report on Thursday, September 18th. They set an "outperform" rating and a $497.00 price objective for the company. Weiss Ratings restated a "buy (b)" rating on shares of Home Depot in a research report on Wednesday, October 8th. Morgan Stanley upped their price objective on Home Depot from $415.00 to $430.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 20th. Finally, Mizuho upped their price objective on Home Depot from $435.00 to $450.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $435.42.

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.

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