Ashton Thomas Private Wealth LLC Sells 3,989 Shares of The Home Depot, Inc. $HD

Ashton Thomas Private Wealth LLC reduced its position in shares of The Home Depot, Inc. (NYSE:HD) by 10.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 33,265 shares of the home improvement retailer’s stock after selling 3,989 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Home Depot were worth $9,464,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Home Depot during the 2nd quarter valued at approximately $28,771,247,000. State Street Corp lifted its holdings in shares of Home Depot by 1.1% in the second quarter. State Street Corp now owns 47,175,026 shares of the home improvement retailer’s stock valued at $16,637,688,000 after purchasing an additional 499,168 shares in the last quarter. Bank of America Corp DE acquired a new position in shares of Home Depot in the 2nd quarter worth approximately $5,780,468,000. Bank of New York Mellon Corp bought a new position in shares of Home Depot in the 2nd quarter valued at about $2,777,396,000. Finally, Amundi grew its holdings in shares of Home Depot by 26.4% during the second quarter. Amundi now owns 7,339,614 shares of the home improvement retailer’s stock worth $2,588,535,000 after purchasing an additional 1,533,276 shares during the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Home Depot

In other news, CFO Richard V. Mcphail sold 5,989 shares of the company’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $348.40, for a total value of $2,086,567.60. Following the sale, the chief financial officer owned 48,104 shares in the company, valued at $16,759,433.60. This represents a 11.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Teresa Roseborough sold 2,455 shares of the firm’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $328.77, for a total transaction of $807,130.35. Following the transaction, the executive vice president directly owned 14,061 shares of the company’s stock, valued at approximately $4,622,834.97. This trade represents a 14.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 9,829 shares of company stock worth $3,339,314. 0.08% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

HD has been the topic of several research reports. Wells Fargo & Company boosted their price target on shares of Home Depot from $360.00 to $400.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 11th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $398.00 target price on shares of Home Depot in a research note on Tuesday, August 18th. Sanford C. Bernstein decreased their price objective on Home Depot from $354.00 to $344.00 and set a “market perform” rating on the stock in a report on Wednesday, September 9th. Truist Financial increased their price objective on Home Depot from $369.00 to $373.00 and gave the company a “buy” rating in a report on Wednesday, August 19th. Finally, TD Cowen restated a “buy” rating on shares of Home Depot in a research note on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and an average target price of $375.31.

Home Depot Trading Down 1.8%

Shares of Home Depot stock opened at $343.48 on Friday. The company’s fifty day moving average is $309.42 and its two-hundred day moving average is $334.08. The company has a market capitalization of $342.69 billion, a P/E ratio of 24.04, a PEG ratio of 2.43 and a beta of 0.93. The Home Depot, Inc. has a 1 year low of $277.15 and a 1 year high of $397.63. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.31 and a current ratio of 1.08.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.73 by $0.19. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. The business had revenue of $47.86 billion during the quarter, compared to analysts’ expectations of $47.24 billion. During the same quarter last year, the company posted $4.68 EPS. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Thursday, September 3rd were paid a $2.33 dividend. The ex-dividend date of this dividend was Thursday, September 3rd. This represents a $9.32 dividend on an annualized basis and a yield of 2.7%. Home Depot’s dividend payout ratio (DPR) is currently 65.22%.

About Home Depot

The Home Depot, Inc is a home improvement retailer serving do-it-yourself customers, professional contractors and other businesses. The company sells building materials, tools, hardware, appliances, paint, flooring, and products for home maintenance, repair and renovation, as well as lawn and garden supplies.

In addition to its retail stores and online channels, Home Depot offers services such as product delivery, equipment rental and home improvement installation. The company was founded in 1978 and is headquartered in Atlanta, Georgia.