Goldstein Advisors LLC Sells 816 Shares of The Home Depot, Inc. $HD

Goldstein Advisors LLC cut its stake in shares of The Home Depot, Inc. (NYSE:HD) by 32.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,670 shares of the home improvement retailer’s stock after selling 816 shares during the quarter. Goldstein Advisors LLC’s holdings in Home Depot were worth $612,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wealthstream Advisors Inc. boosted its position in shares of Home Depot by 11.0% during the second quarter. Wealthstream Advisors Inc. now owns 2,062 shares of the home improvement retailer’s stock valued at $756,000 after buying an additional 205 shares during the last quarter. DeDora Capital Inc. boosted its position in shares of Home Depot by 0.6% during the second quarter. DeDora Capital Inc. now owns 13,407 shares of the home improvement retailer’s stock valued at $4,916,000 after buying an additional 85 shares during the last quarter. Palmer Knight Co boosted its position in shares of Home Depot by 0.5% during the second quarter. Palmer Knight Co now owns 21,716 shares of the home improvement retailer’s stock valued at $7,962,000 after buying an additional 105 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Home Depot during the second quarter valued at $22,251,000. Finally, Woodard & Co. Asset Management Group Inc. ADV boosted its position in shares of Home Depot by 0.7% during the second quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 10,152 shares of the home improvement retailer’s stock valued at $3,722,000 after buying an additional 75 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Home Depot Trading Up 1.1%

Shares of NYSE:HD opened at $391.79 on Friday. The stock has a market capitalization of $389.98 billion, a price-to-earnings ratio of 26.62, a PEG ratio of 3.72 and a beta of 1.00. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15. The stock’s 50-day simple moving average is $403.70 and its two-hundred day simple moving average is $377.97. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37.

Home Depot (NYSE:HD) last announced 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). The firm had revenue of $45.28 billion during the quarter, compared to analysts’ expectations of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the previous 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 paid a $2.30 dividend. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.3%. Home Depot’s dividend payout ratio (DPR) is 62.50%.

Insider Transactions 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 value of $1,359,930.54. Following the completion of the transaction, the chief financial officer directly owned 45,455 shares in the company, 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. Over the last three months, insiders have sold 48,835 shares of company stock valued at $19,623,432. Company insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on HD shares. Mizuho increased their price objective on Home Depot from $435.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, August 20th. Telsey Advisory Group reaffirmed 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 started coverage on Home Depot in a research report on Thursday, September 18th. They set an “outperform” rating and a $497.00 price objective on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Home Depot in a research report on Wednesday, October 8th. Finally, Oppenheimer raised their target price on Home Depot from $400.00 to $420.00 and gave the stock a “market perform” rating in a research report on Thursday, September 25th. 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, Home Depot presently has a consensus rating of “Moderate Buy” and an average 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.