Capital Market Strategies LLC Has $618,000 Stake in The Home Depot, Inc. $HD

Capital Market Strategies LLC lowered its position in The Home Depot, Inc. (NYSE:HD) by 70.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 1,686 shares of the home improvement retailer’s stock after selling 4,000 shares during the period. Capital Market Strategies LLC’s holdings in Home Depot were worth $618,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC lifted its position in shares of Home Depot by 36.5% during the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock valued at $10,471,000 after acquiring an additional 7,203 shares during the period. Bank Pictet & Cie Europe AG lifted its position in shares of Home Depot by 4.9% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 12,204 shares of the home improvement retailer’s stock valued at $4,747,000 after acquiring an additional 565 shares during the period. Quadcap Wealth Management LLC lifted its position in shares of Home Depot by 7.4% during the 4th quarter. Quadcap Wealth Management LLC now owns 2,191 shares of the home improvement retailer’s stock valued at $852,000 after acquiring an additional 151 shares during the period. ProShare Advisors LLC lifted its position in shares of Home Depot by 29.3% during the 4th quarter. ProShare Advisors LLC now owns 294,223 shares of the home improvement retailer’s stock valued at $114,450,000 after acquiring an additional 66,714 shares during the period. Finally, Redwood Investment Management LLC lifted its position in shares of Home Depot by 28.2% during the 4th quarter. Redwood Investment Management LLC now owns 2,467 shares of the home improvement retailer’s stock valued at $960,000 after acquiring an additional 543 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Activity at Home Depot

In related news, EVP William D. Bastek sold 3,783 shares of the firm’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $410.23, for a total transaction of $1,551,900.09. Following the completion of the sale, the executive vice president owned 24,235 shares in the company, valued at approximately $9,941,924.05. This trade represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Richard V. Mcphail sold 3,369 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $403.66, for a total transaction of $1,359,930.54. Following the sale, the chief financial officer owned 45,455 shares of the company’s stock, valued at $18,348,365.30. This trade represents a 6.90% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 46,532 shares of company stock valued at $18,648,987 in the last 90 days. 0.10% of the stock is currently owned by company insiders.

Home Depot Stock Performance

NYSE HD opened at $423.33 on Friday. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37. 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 firm has a market cap of $421.38 billion, a price-to-earnings ratio of 28.76, a PEG ratio of 4.01 and a beta of 1.00. The company has a fifty day moving average price of $390.03 and a 200-day moving average price of $372.47.

Home Depot (NYSE:HD) last posted its 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 return on equity of 193.99% and a net margin of 8.86%.The firm had revenue of $45.28 billion during the quarter, compared to the consensus estimate of $45.43 billion. During the same quarter in the previous year, the company earned $4.60 EPS. The business’s revenue 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. As a group, equities research analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently announced 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. The ex-dividend date is Thursday, September 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.2%. Home Depot’s dividend payout ratio is presently 62.50%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on HD shares. Gordon Haskett boosted their target price on shares of Home Depot from $350.00 to $360.00 in a research report on Tuesday, May 20th. Robert W. Baird upped their price objective on shares of Home Depot from $425.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, August 20th. TD Securities downgraded shares of Home Depot to a “buy” rating in a report on Monday, June 2nd. Sanford C. Bernstein restated a “market perform” rating and set a $398.00 price objective (up previously from $380.00) on shares of Home Depot in a report on Wednesday, May 21st. Finally, Mizuho upped their price objective on shares of Home Depot from $435.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $432.52.

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.