The Home Depot, Inc. $HD Shares Sold by Oxbow Advisors LLC

Oxbow Advisors LLC decreased its stake in shares of The Home Depot, Inc. (NYSE:HD) by 7.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,375 shares of the home improvement retailer’s stock after selling 179 shares during the period. Oxbow Advisors LLC’s holdings in Home Depot were worth $871,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Nordea Investment Management AB grew its stake in shares of Home Depot by 1.2% in the 2nd quarter. Nordea Investment Management AB now owns 948,793 shares of the home improvement retailer’s stock worth $347,125,000 after purchasing an additional 11,709 shares during the last quarter. TFC Financial Management Inc. boosted its holdings in shares of Home Depot by 2.7% during the second quarter. TFC Financial Management Inc. now owns 1,974 shares of the home improvement retailer’s stock worth $724,000 after purchasing an additional 51 shares during the period. Consilio Wealth Advisors LLC boosted its holdings in shares of Home Depot by 6.3% during the second quarter. Consilio Wealth Advisors LLC now owns 1,111 shares of the home improvement retailer’s stock worth $410,000 after purchasing an additional 66 shares during the period. Harbor Asset Planning Inc. acquired a new stake in shares of Home Depot during the second quarter worth approximately $683,000. Finally, Hourglass Capital LLC boosted its holdings in shares of Home Depot by 30.2% during the second quarter. Hourglass Capital LLC now owns 20,021 shares of the home improvement retailer’s stock worth $7,340,000 after purchasing an additional 4,645 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Activity at Home Depot

In other news, EVP William D. Bastek sold 3,783 shares of the business’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 transaction, the executive vice president owned 24,235 shares in the company, valued at approximately $9,941,924.05. The trade was a 13.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Richard V. Mcphail sold 3,369 shares of the company’s stock in a transaction dated 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 transaction, the chief financial officer directly owned 45,455 shares of the company’s stock, valued at $18,348,365.30. This represents a 6.90% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 48,835 shares of company stock worth $19,623,432. Insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

HD has been the subject of several research reports. DA Davidson restated a “buy” rating and set a $450.00 price target on shares of Home Depot in a report on Tuesday, August 19th. JPMorgan Chase & Co. reduced 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, August 20th. Mizuho lifted their target price on shares of Home Depot from $435.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, August 20th. Oppenheimer lifted their target price on shares of Home Depot from $400.00 to $420.00 and gave the company a “market perform” rating in a research note on Thursday, September 25th. Finally, Robert W. Baird lifted their target price on shares of Home Depot from $425.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and a consensus price target of $435.42.

Home Depot Price Performance

Shares of Home Depot stock opened at $387.40 on Friday. The firm has a fifty day simple moving average of $403.62 and a 200-day simple moving average of $377.73. 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 Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37. The stock has a market capitalization of $385.61 billion, a price-to-earnings ratio of 26.32, a PEG ratio of 3.68 and a beta of 1.00.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $45.43 billion. During the same quarter in the previous year, the firm posted $4.60 earnings per share. Home Depot’s quarterly 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. On average, sell-side analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were given a $2.30 dividend. This represents a $9.20 annualized dividend and a yield of 2.4%. The ex-dividend date was Thursday, September 4th. Home Depot’s dividend payout ratio (DPR) is currently 62.50%.

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.