Brogan Financial Inc. Decreases Holdings in The Home Depot, Inc. $HD

Brogan Financial Inc. decreased its stake in The Home Depot, Inc. (NYSE:HD) by 29.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,395 shares of the home improvement retailer’s stock after selling 569 shares during the period. Home Depot accounts for about 0.2% of Brogan Financial Inc.’s holdings, making the stock its 27th biggest position. Brogan Financial Inc.’s holdings in Home Depot were worth $512,000 as of its most recent filing with the SEC.

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

Wall Street Analysts Forecast Growth

HD has been the topic of several recent research reports. DA Davidson reaffirmed a “buy” rating and set a $450.00 price objective on shares of Home Depot in a report on Tuesday, August 19th. JPMorgan Chase & Co. dropped their price target on shares of Home Depot from $452.00 to $444.00 and set an “overweight” rating on the stock in a research note on Monday. Sanford C. Bernstein raised their price objective on shares of Home Depot from $403.00 to $406.00 and gave the stock a “market perform” rating in a report on Friday, November 7th. Oppenheimer boosted their target price 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. Finally, Robert W. Baird increased their target price on Home Depot from $425.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $433.00.

Insider Buying and Selling at Home Depot

In other news, 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 transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Edward P. Decker sold 32,897 shares of the firm’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $397.22, for a total value of $13,067,346.34. Following the transaction, the chief executive officer directly owned 122,425 shares in the company, valued at approximately $48,629,658.50. This represents a 21.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 48,835 shares of company stock valued at $19,623,432. 0.10% of the stock is currently owned by company insiders.

Home Depot Price Performance

NYSE:HD opened at $370.87 on Thursday. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37. The stock has a fifty day moving average of $395.17 and a 200 day moving average of $381.75. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15. The firm has a market capitalization of $369.16 billion, a price-to-earnings ratio of 25.19, a P/E/G ratio of 3.59 and a beta of 1.00.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.69 by ($0.01). Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The company had revenue of $45.28 billion for the quarter, compared to the consensus estimate of $45.43 billion. During the same quarter in the previous year, the firm earned $4.60 earnings per share. The company’s revenue for the quarter 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, research analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently announced 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 2.5%. The ex-dividend date of this dividend was Thursday, September 4th. Home Depot’s dividend payout ratio 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.