The Home Depot, Inc. $HD Stock Position Lowered by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. lowered its position in shares of The Home Depot, Inc. (NYSE:HD) by 50.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,828 shares of the home improvement retailer’s stock after selling 3,950 shares during the quarter. SBI Securities Co. Ltd.’s holdings in Home Depot were worth $1,403,000 at the end of the most recent quarter.

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

Insider Activity

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,483 shares of the business’s stock in a transaction on 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 approximately $6,635,234.11. The trade was a 25.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Edward P. Decker sold 32,897 shares of the business’s stock in a transaction on 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 sale, the chief executive officer owned 122,425 shares in the company, valued at $48,629,658.50. This represents a 21.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 48,835 shares of company stock valued at $19,623,432. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

HD has been the topic of several research analyst reports. Telsey Advisory Group reaffirmed an “outperform” rating and set a $455.00 target price on shares of Home Depot in a research note on Tuesday, August 19th. Wolfe Research initiated coverage on shares of Home Depot in a research note on Thursday, September 18th. They issued an “outperform” rating and a $497.00 price target on the stock. Wells Fargo & Company reduced their price objective on Home Depot from $450.00 to $435.00 and set an “overweight” rating for the company in a research report on Tuesday. JPMorgan Chase & Co. dropped their target price on Home Depot from $452.00 to $444.00 and set an “overweight” rating on the stock in a research report on Monday. Finally, Morgan Stanley increased their price objective on Home Depot from $415.00 to $430.00 and gave the stock an “overweight” rating in a report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and an average target price of $433.00.

Home Depot Stock Down 0.9%

NYSE:HD opened at $370.87 on Thursday. The stock has a 50-day moving average price of $395.17 and a two-hundred day moving average price of $381.75. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37. 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 stock has a market cap of $369.16 billion, a price-to-earnings ratio of 25.19, a PEG ratio of 3.59 and a beta of 1.00.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 EPS for the quarter, missing the consensus estimate of $4.69 by ($0.01). The company had revenue of $45.28 billion for the quarter, compared to analyst estimates of $45.43 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period last year, the company 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 expect that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently announced 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 currently 62.50%.

About Home Depot

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.