The Home Depot, Inc. $HD Shares Sold by Homestead Advisers Corp

Homestead Advisers Corp decreased its holdings in The Home Depot, Inc. (NYSE:HD) by 1.9% in the 3rd quarter, HoldingsChannel reports. The fund owned 142,572 shares of the home improvement retailer’s stock after selling 2,700 shares during the quarter. Homestead Advisers Corp’s holdings in Home Depot were worth $57,769,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HD. Titleist Asset Management LLC boosted its position in shares of Home Depot by 3.3% during the 3rd quarter. Titleist Asset Management LLC now owns 2,950 shares of the home improvement retailer’s stock worth $1,195,000 after purchasing an additional 94 shares in the last quarter. Legacy Financial Group Inc. acquired a new stake in shares of Home Depot in the third quarter valued at about $207,000. RMR Wealth Builders boosted its holdings in Home Depot by 1.2% during the third quarter. RMR Wealth Builders now owns 12,888 shares of the home improvement retailer’s stock worth $5,222,000 after buying an additional 149 shares in the last quarter. Hobbs Wealth Management LLC grew its position in Home Depot by 17.4% during the third quarter. Hobbs Wealth Management LLC now owns 822 shares of the home improvement retailer’s stock worth $333,000 after buying an additional 122 shares during the period. Finally, Portside Wealth Group LLC grew its position in Home Depot by 9.9% during the third quarter. Portside Wealth Group LLC now owns 8,523 shares of the home improvement retailer’s stock worth $3,454,000 after buying an additional 767 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Up 1.5%

Shares of NYSE:HD opened at $386.97 on Thursday. The company has a quick ratio of 0.29, a current ratio of 1.05 and a debt-to-equity ratio of 3.82. The company has a market capitalization of $385.23 billion, a P/E ratio of 26.38, a P/E/G ratio of 13.60 and a beta of 1.08. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $426.75. The stock’s fifty day simple moving average is $361.73 and its 200-day simple moving average is $379.33.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share for the quarter, missing the consensus estimate of $3.83 by ($0.09). The firm 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 company’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.78 EPS. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. As a group, equities research analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Investors 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 yield of 2.4%. Home Depot’s dividend payout ratio (DPR) is 62.71%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on HD. Jefferies Financial Group reiterated a “buy” rating and set a $424.00 price target on shares of Home Depot in a research report on Wednesday, December 10th. Wall Street Zen downgraded Home Depot from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. Wolfe Research lowered their target price on Home Depot from $415.00 to $414.00 and set an “outperform” rating on the stock in a report on Wednesday. Stifel Nicolaus cut their price target on Home Depot from $370.00 to $350.00 and set a “hold” rating for the company in a research note on Monday, December 1st. Finally, Telsey Advisory Group decreased their price objective on shares of Home Depot from $430.00 to $410.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 10th. Twenty-one equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $404.47.

Insider Buying and Selling

In other Home Depot news, EVP Teresa Wynn Roseborough sold 2,872 shares of Home Depot stock in a transaction that occurred on Friday, December 26th. The shares were sold at an average price of $348.52, for a total value of $1,000,949.44. Following the completion of the sale, the executive vice president directly owned 13,196 shares of the company’s stock, valued at approximately $4,599,069.92. The trade was a 17.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ann Marie Campbell sold 145 shares of the stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $358.26, for a total value of $51,947.70. Following the transaction, 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. Over the last 90 days, insiders have sold 4,963 shares of company stock worth $1,748,845. 0.10% of the stock is owned by insiders.

About Home Depot

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.