NFP Retirement Inc. Sells 681 Shares of The Home Depot, Inc. $HD

NFP Retirement Inc. lessened its position in The Home Depot, Inc. (NYSE:HD) by 8.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,490 shares of the home improvement retailer’s stock after selling 681 shares during the quarter. NFP Retirement Inc.’s holdings in Home Depot were worth $2,746,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Legend Financial Advisors Inc. bought a new stake in Home Depot during the 2nd quarter valued at approximately $28,000. LFA Lugano Financial Advisors SA acquired a new stake in Home Depot during the second quarter worth about $32,000. Legacy Investment Solutions LLC bought a new stake in shares of Home Depot in the 2nd quarter worth approximately $35,000. Global X Japan Co. Ltd. acquired a new position in shares of Home Depot in the second quarter valued at $40,000. Finally, GFG Capital LLC bought a new stake in Home Depot in the 2nd quarter valued at $40,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,483 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $413.23, for a total transaction of $2,265,740.09. Following the sale, the executive vice president owned 16,057 shares of the company’s stock, valued at $6,635,234.11. This represents a 25.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP William D. Bastek sold 2,303 shares of the firm’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $423.12, for a total transaction of $974,445.36. Following the completion of the sale, the executive vice president owned 24,235 shares of the company’s stock, valued at $10,254,313.20. The trade was a 8.68% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 11,569 shares of company stock valued at $4,792,086. 0.10% of the stock is currently owned by corporate insiders.

Home Depot Stock Performance

NYSE:HD opened at $334.78 on Thursday. The stock has a market capitalization of $333.24 billion, a P/E ratio of 22.74, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00. 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 firm has a 50 day moving average of $388.76 and a 200-day moving average of $381.47.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 EPS for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.09). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The business had revenue of $41.35 billion for the quarter, compared to the consensus estimate of $41.06 billion. During the same quarter last year, the company earned $3.78 earnings per share. The firm’s revenue was up 2.8% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. As a group, sell-side analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

HD has been the subject of a number of analyst reports. The Goldman Sachs Group reduced their price objective on shares of Home Depot from $444.00 to $406.00 and set a “buy” rating for the company in a report on Wednesday. Truist Financial set a $379.00 price target on shares of Home Depot in a research note on Tuesday. Robert W. Baird decreased their price objective on Home Depot from $450.00 to $415.00 and set an “outperform” rating on the stock in a report on Wednesday. JPMorgan Chase & Co. dropped their target price on Home Depot from $444.00 to $423.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, Mizuho raised their target price on Home Depot from $435.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 20th. Nineteen analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $415.65.

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.