Oxbow Advisors LLC Sells 179 Shares of The Home Depot, Inc. $HD

by · The Markets Daily

Oxbow Advisors LLC lessened its holdings in The Home Depot, Inc. (NYSE:HD – Free Report) by 7.0% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 2,375 shares of the home improvement retailer’s stock after selling 179 shares during the period. Oxbow Advisors LLC’s holdings in Home Depot were worth $871,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Legend Financial Advisors Inc. bought a new stake in Home Depot in the 2nd quarter valued at $28,000. Abound Financial LLC bought a new stake in Home Depot in the 1st quarter valued at $31,000. Iron Horse Wealth Management LLC increased its holdings in Home Depot by 86.8% in the 1st quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer’s stock valued at $36,000 after buying an additional 46 shares during the period. Global X Japan Co. Ltd. bought a new stake in Home Depot in the 2nd quarter valued at $40,000. Finally, GFG Capital LLC bought a new stake in Home Depot in the 2nd quarter valued at $40,000. Institutional investors own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on HD shares. Oppenheimer boosted their price target on shares of Home Depot from $400.00 to $420.00 and gave the company a “market perform” rating in a report on Thursday, September 25th. Morgan Stanley upped their target price on shares of Home Depot from $415.00 to $430.00 and gave the stock an “overweight” rating in a report on Wednesday, August 20th. Stifel Nicolaus upped their target price on shares of Home Depot from $425.00 to $432.00 and gave the stock a “buy” rating in a report on Monday, August 18th. DA Davidson reaffirmed a “buy” rating and issued a $450.00 target price on shares of Home Depot in a report on Tuesday, August 19th. Finally, Mizuho upped their target price on shares of Home Depot from $435.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus price target of $435.42.

View Our Latest Stock Analysis on Home Depot

Home Depot Stock Down 0.2%

Shares of NYSE:HD opened at $387.40 on Friday. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37. The company’s 50-day moving average price is $403.62 and its two-hundred day moving average price is $377.73. The company has a quick ratio of 0.34, a current ratio of 1.15 and a debt-to-equity ratio of 4.31. The firm has a market cap of $385.61 billion, a P/E ratio of 26.32, a P/E/G ratio of 3.68 and a beta of 1.00.

Home Depot (NYSE:HD – Get Free Report) last issued its quarterly earnings data 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). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The company had revenue of $45.28 billion for the quarter, compared to the consensus estimate of $45.43 billion. During the same period in the prior year, the company earned $4.60 EPS. The firm’s 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. As a group, research analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were issued a dividend of $2.30 per share. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a yield of 2.4%. Home Depot’s dividend payout ratio is currently 62.50%.

Insider Activity

In other Home Depot news, EVP Angie Brown sold 1,000 shares of the stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total transaction of $404,070.00. Following the sale, the executive vice president owned 3,837 shares of the company’s stock, valued at $1,550,416.59. This represents a 20.67% 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 stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $423.12, for a total transaction of $974,445.36. Following the sale, the executive vice president directly owned 24,235 shares in the company, valued at approximately $10,254,313.20. This represents a 8.68% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 48,835 shares of company stock worth $19,623,432. 0.10% of the stock is currently owned by insiders.

Home Depot Profile

(Free Report)

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.

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