The Home Depot, Inc. $HD Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama lessened its stake in shares of The Home Depot, Inc. (NYSE:HD) by 0.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 324,758 shares of the home improvement retailer’s stock after selling 2,169 shares during the quarter. Retirement Systems of Alabama’s holdings in Home Depot were worth $119,069,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of HD. Fortune 45 LLC lifted its stake in shares of Home Depot by 10.0% during the 2nd quarter. Fortune 45 LLC now owns 1,733 shares of the home improvement retailer’s stock worth $635,000 after purchasing an additional 158 shares during the period. Assetmark Inc. lifted its stake in shares of Home Depot by 14.8% during the 2nd quarter. Assetmark Inc. now owns 56,582 shares of the home improvement retailer’s stock worth $20,745,000 after purchasing an additional 7,279 shares during the period. HBK Sorce Advisory LLC raised its position in shares of Home Depot by 1.7% in the 2nd quarter. HBK Sorce Advisory LLC now owns 17,125 shares of the home improvement retailer’s stock worth $6,279,000 after buying an additional 290 shares during the period. Premier Path Wealth Partners LLC raised its position in shares of Home Depot by 26.2% in the 2nd quarter. Premier Path Wealth Partners LLC now owns 8,231 shares of the home improvement retailer’s stock worth $3,018,000 after buying an additional 1,707 shares during the period. Finally, Buck Wealth Strategies LLC raised its position in shares of Home Depot by 16.0% in the 2nd quarter. Buck Wealth Strategies LLC now owns 1,979 shares of the home improvement retailer’s stock worth $725,000 after buying an additional 273 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Truist Financial increased their target price on Home Depot from $417.00 to $433.00 and gave the stock a “buy” rating in a research report on Wednesday, August 13th. Oppenheimer increased their price target on Home Depot from $400.00 to $420.00 and gave the company a “market perform” rating in a report on Thursday, September 25th. Stifel Nicolaus increased their price target on Home Depot from $425.00 to $432.00 and gave the company a “buy” rating in a report on Monday, August 18th. Wells Fargo & Company increased their price target on Home Depot from $420.00 to $450.00 and gave the company an “overweight” rating in a report on Wednesday, August 20th. Finally, Morgan Stanley raised their target price on Home Depot from $415.00 to $430.00 and gave the company an “overweight” rating in a research note on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $434.35.

Insiders Place Their Bets

In related news, CFO Richard V. Mcphail sold 3,369 shares of Home Depot 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 approximately $18,348,365.30. This trade represents a 6.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Edward P. Decker sold 32,897 shares of Home Depot stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $397.22, for a total value of $13,067,346.34. Following the completion of the transaction, the chief executive officer owned 122,425 shares of the company’s stock, valued at $48,629,658.50. This trade represents a 21.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 48,835 shares of company stock valued at $19,623,432. 0.10% of the stock is owned by company insiders.

Home Depot Stock Down 2.1%

Shares of Home Depot stock opened at $377.50 on Thursday. The company has a market capitalization of $375.76 billion, a PE ratio of 25.65, a P/E/G ratio of 3.66 and a beta of 1.00. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37. The business has a 50-day moving average of $401.60 and a 200-day moving average of $380.30. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.34.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 EPS for the quarter, missing analysts’ consensus estimates of $4.69 by ($0.01). The firm had revenue of $45.28 billion during the quarter, compared to analyst estimates of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the business posted $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, equities analysts forecast 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. Investors of record on Thursday, September 4th were paid a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Thursday, September 4th. Home Depot’s dividend payout ratio (DPR) is 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.