King Wealth Management Group Sells 591 Shares of The Home Depot, Inc. $HD

King Wealth Management Group reduced its position in shares of The Home Depot, Inc. (NYSE:HD) by 4.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,465 shares of the home improvement retailer’s stock after selling 591 shares during the period. King Wealth Management Group’s holdings in Home Depot were worth $4,937,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HD. Legend Financial Advisors Inc. purchased a new stake in shares of Home Depot during the second quarter valued at approximately $28,000. LFA Lugano Financial Advisors SA bought a new position in Home Depot in the 2nd quarter valued at $32,000. Legacy Investment Solutions LLC purchased a new stake in shares of Home Depot during the 2nd quarter valued at $35,000. Global X Japan Co. Ltd. purchased a new stake in shares of Home Depot during the 2nd quarter valued at $40,000. Finally, GFG Capital LLC purchased a new position in shares of Home Depot in the 2nd quarter worth about $40,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on HD shares. Robert W. Baird raised 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. JPMorgan Chase & Co. lowered their price objective on Home Depot from $452.00 to $444.00 and set an “overweight” rating on the stock in a research note on Monday. Stifel Nicolaus increased their target price on shares of Home Depot from $425.00 to $432.00 and gave the stock a “buy” rating in a research report on Monday, August 18th. Sanford C. Bernstein lifted their target price on shares of Home Depot from $403.00 to $406.00 and gave the stock a “market perform” rating in a research note on Friday, November 7th. Finally, Wells Fargo & Company dropped their price target on shares of Home Depot from $450.00 to $435.00 and set an “overweight” rating on the stock in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $433.00.

Home Depot Stock Down 0.9%

HD stock opened at $367.70 on Friday. The stock has a 50-day simple moving average of $394.28 and a two-hundred day simple moving average of $381.65. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37. The firm has a market capitalization of $366.00 billion, a PE ratio of 24.98, a PEG ratio of 3.59 and a beta of 1.00. The company has a quick ratio of 0.34, a current ratio of 1.15 and a debt-to-equity ratio of 4.31.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (EPS) 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 analysts’ expectations of $45.43 billion. During the same period in the previous year, the company posted $4.60 earnings per share. The company’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, equities analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were issued a $2.30 dividend. This represents a $9.20 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Thursday, September 4th. Home Depot’s dividend payout ratio (DPR) is presently 62.50%.

Insider Transactions at Home Depot

In related news, EVP Teresa Wynn Roseborough sold 5,483 shares of Home Depot stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $413.23, for a total transaction of $2,265,740.09. Following the completion of the sale, the executive vice president owned 16,057 shares of the company’s stock, valued at approximately $6,635,234.11. This trade represents a 25.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP William D. Bastek sold 3,783 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $410.23, for a total value of $1,551,900.09. Following the transaction, the executive vice president owned 24,235 shares of the company’s stock, valued at approximately $9,941,924.05. The trade was a 13.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 48,835 shares of company stock worth $19,623,432. 0.10% of the stock is owned by corporate insiders.

Home Depot 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.