The Home Depot, Inc. $HD Shares Bought by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB grew its stake in The Home Depot, Inc. (NYSE:HD) by 4.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 62,110 shares of the home improvement retailer’s stock after purchasing an additional 2,447 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Home Depot were worth $25,166,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in HD. Legend Financial Advisors Inc. acquired a new stake in shares of Home Depot during the 2nd quarter valued at about $28,000. Sagard Holdings Management Inc. purchased a new position in Home Depot during the second quarter worth approximately $29,000. LFA Lugano Financial Advisors SA acquired a new stake in Home Depot in the second quarter valued at approximately $32,000. Legacy Investment Solutions LLC acquired a new stake in Home Depot in the second quarter valued at approximately $35,000. Finally, Dougherty Wealth Advisers LLC acquired a new position in shares of Home Depot during the 3rd quarter worth approximately $38,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Ann Marie Campbell sold 145 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president directly owned 12,320 shares of the company’s stock, valued at approximately $4,413,763.20. The trade was a 1.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Teresa Wynn Roseborough sold 2,872 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president owned 13,196 shares in the company, valued at approximately $4,599,069.92. This represents a 17.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 4,963 shares of company stock valued at $1,748,845. Company insiders own 0.10% of the company’s stock.

Home Depot Stock Performance

Home Depot stock opened at $378.92 on Friday. The firm has a 50 day simple moving average of $354.64 and a 200-day simple moving average of $378.01. The stock has a market cap of $377.22 billion, a price-to-earnings ratio of 25.83, a price-to-earnings-growth ratio of 14.01 and a beta of 1.08. The company has a debt-to-equity ratio of 3.82, a current ratio of 1.05 and a quick ratio of 0.29. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $426.75.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 EPS for the quarter, missing the consensus estimate of $3.83 by ($0.09). The business had revenue of $41.35 billion during the quarter, compared to analyst estimates of $41.06 billion. Home Depot had a net margin of 8.77% and a return on equity of 160.74%. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period last year, the company earned $3.78 EPS. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. On average, analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th were given a dividend of $2.30 per share. The ex-dividend date was Thursday, December 4th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.4%. Home Depot’s dividend payout ratio (DPR) is currently 62.71%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on HD. BNP Paribas Exane increased their target price on Home Depot from $353.00 to $355.00 and gave the company a “neutral” rating in a research report on Friday, December 5th. Wall Street Zen downgraded shares of Home Depot from a “hold” rating to a “sell” rating in a report on Friday, November 28th. Citigroup dropped their target price on shares of Home Depot from $422.00 to $407.00 and set a “buy” rating on the stock in a research report on Friday, November 21st. Argus reduced their price target on shares of Home Depot from $450.00 to $425.00 and set a “buy” rating for the company in a research report on Thursday, November 20th. Finally, Bank of America reduced their price objective on Home Depot from $450.00 to $430.00 and set a “buy” rating for the company in a research note on Wednesday, November 19th. 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 company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $402.67.

Home Depot 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.