Great Lakes Advisors LLC Sells 2,666 Shares of The Home Depot, Inc. $HD

Great Lakes Advisors LLC cut its stake in shares of The Home Depot, Inc. (NYSE:HD) by 13.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,981 shares of the home improvement retailer’s stock after selling 2,666 shares during the period. Great Lakes Advisors LLC’s holdings in Home Depot were worth $6,881,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Sagard Holdings Management Inc. acquired a new stake in Home Depot in the 2nd quarter valued at about $29,000. LFA Lugano Financial Advisors SA bought a new stake in Home Depot in the second quarter valued at approximately $32,000. Legacy Investment Solutions LLC acquired a new stake in shares of Home Depot in the second quarter valued at approximately $35,000. Dougherty Wealth Advisers LLC acquired a new stake in shares of Home Depot in the third quarter valued at approximately $38,000. Finally, Marquette Asset Management LLC bought a new position in shares of Home Depot during the 3rd quarter worth approximately $38,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Key Headlines Impacting Home Depot

Here are the key news stories impacting Home Depot this week:

• Positive Sentiment: Management is cutting roughly 800 corporate roles as part of a reorganization intended to speed decision-making and redirect resources toward frontline stores—cost reductions could support margins and near-term EPS if savings are realized. Home Depot to cut 800 corporate jobs at its Atlanta store support center
• Positive Sentiment: Product placement: Home Depot will carry Back to the Roots’ 100% organic heirloom seed line across about 2,000 U.S. stores — a seasonal merchandising boost for the gardening category that can drive incremental traffic and sales in spring. Back to the Roots Expands Organic Heirloom Seed Line to The Home Depot Stores Nationwide
• Neutral Sentiment: Analysts remain mixed on Home Depot’s outlook; some see resilience in discretionary demand while others point to housing headwinds — mixed analyst views mean guidance and upcoming comps will likely drive short-term trading more than a unanimous thesis. Analysts Have Conflicting Sentiments on These Consumer Cyclical Companies: Home Depot (HD) and Starbucks (SBUX)
• Negative Sentiment: The scale of the cuts and an order for corporate employees to return to the office five days a week are being interpreted as management reacting to a slowdown (notably a frozen housing market). That raises concern about lower same-store sales and traffic ahead, which could pressure revenue and the stock until comps or guidance rebound. Home Depot Cuts 800 Workers, Orders Corporate Workers Back to Office Full Time

Analysts Set New Price Targets

HD has been the subject of a number of research analyst reports. Guggenheim reduced their price objective on shares of Home Depot from $450.00 to $400.00 and set a “buy” rating for the company in a research report on Thursday, November 20th. Wells Fargo & Company cut their target price on shares of Home Depot from $400.00 to $395.00 and set an “overweight” rating for the company in a research note on Wednesday, December 10th. Royal Bank Of Canada decreased their price target on shares of Home Depot from $376.00 to $366.00 and set a “sector perform” rating on the stock in a research note on Wednesday, December 10th. Jefferies Financial Group reissued a “buy” rating and issued a $424.00 price target on shares of Home Depot in a report on Wednesday, December 10th. Finally, DZ Bank restated a “sell” rating on shares of Home Depot in a report on Tuesday, November 18th. Twenty-one investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and an average target price of $404.50.

Home Depot Stock Down 0.9%

Shares of HD opened at $371.91 on Friday. The stock has a market capitalization of $370.24 billion, a PE ratio of 25.35, a P/E/G ratio of 13.99 and a beta of 1.08. The company has a current ratio of 1.05, a quick ratio of 0.29 and a debt-to-equity ratio of 3.82. The firm’s 50 day moving average is $359.07 and its 200-day moving average is $378.68. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $426.75.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.09). Home Depot had a net margin of 8.77% and a return on equity of 160.74%. The company had revenue of $41.35 billion for the quarter, compared to the consensus estimate of $41.06 billion. During the same quarter in the previous year, the company posted $3.78 earnings per share. The business’s revenue was up 2.8% compared to the same quarter last year. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. Equities research analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th were issued a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Thursday, December 4th. Home Depot’s dividend payout ratio is 62.71%.

Insider Transactions at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 2,872 shares of the company’s stock in a transaction on Friday, December 26th. The stock was sold at an average price of $348.52, for a total transaction of $1,000,949.44. Following the completion of the sale, the executive vice president directly owned 13,196 shares in the company, valued at $4,599,069.92. This represents a 17.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ann Marie Campbell sold 145 shares of the firm’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $358.26, for a total value of $51,947.70. Following the completion of the sale, the executive vice president directly owned 12,320 shares in the company, valued at approximately $4,413,763.20. This represents a 1.16% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 4,963 shares of company stock valued at $1,748,845. Company insiders own 0.10% of the company’s stock.

Home Depot Company Profile

The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.