Valeo Financial Advisors LLC Grows Stock Holdings in The Home Depot, Inc. $HD

Valeo Financial Advisors LLC lifted its position in The Home Depot, Inc. (NYSE:HD) by 8.6% during the second quarter, Holdings Channel reports. The institutional investor owned 29,244 shares of the home improvement retailer’s stock after buying an additional 2,308 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Home Depot were worth $10,722,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HD. Mainstay Capital Management LLC ADV purchased a new position in Home Depot in the 2nd quarter worth $263,000. WealthPlan Investment Management LLC purchased a new stake in Home Depot during the 2nd quarter valued at about $1,149,000. Tower View Wealth Management LLC increased its holdings in shares of Home Depot by 4.3% in the second quarter. Tower View Wealth Management LLC now owns 16,196 shares of the home improvement retailer’s stock valued at $5,938,000 after purchasing an additional 671 shares during the period. Ransom Advisory Ltd acquired a new position in shares of Home Depot in the first quarter valued at about $3,851,000. Finally, Shell Asset Management Co. raised its stake in shares of Home Depot by 45.2% in the second quarter. Shell Asset Management Co. now owns 48,175 shares of the home improvement retailer’s stock worth $17,663,000 after purchasing an additional 15,002 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

HD has been the topic of a number of recent research reports. Argus dropped their target price on Home Depot from $450.00 to $425.00 and set a “buy” rating on the stock in a research report on Thursday, November 20th. DZ Bank reissued a “sell” rating on shares of Home Depot in a research report on Tuesday, November 18th. TD Cowen dropped their price objective on shares of Home Depot from $470.00 to $410.00 and set a “buy” rating on the stock in a report on Wednesday, November 19th. Morgan Stanley reiterated an “outperform” rating on shares of Home Depot in a research note on Wednesday, December 10th. Finally, Truist Financial reduced their target price on shares of Home Depot from $379.00 to $375.00 and set a “buy” rating for the company in a report on Wednesday, December 10th. Twenty-one analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $401.17.

Home Depot Price Performance

NYSE:HD opened at $357.18 on Tuesday. 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 company has a 50 day moving average price of $367.69 and a 200-day moving average price of $379.30. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $426.75. The firm has a market cap of $355.58 billion, a price-to-earnings ratio of 24.35, a price-to-earnings-growth ratio of 13.40 and a beta of 1.06.

Home Depot (NYSE:HD) last released 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). Home Depot had a net margin of 8.77% and a return on equity of 160.74%. The firm had revenue of $41.35 billion for the quarter, compared to analyst estimates of $41.06 billion. During the same quarter in the prior year, the business posted $3.78 EPS. The firm’s quarterly 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 firm also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be paid a $2.30 dividend. This represents a $9.20 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Thursday, December 4th. Home Depot’s payout ratio is currently 62.71%.

Insider Activity

In other news, EVP Angie Brown sold 1,946 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $357.63, for a total value of $695,947.98. Following the completion of the sale, the executive vice president directly owned 3,941 shares in the company, valued at $1,409,419.83. The trade was a 33.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Ann Marie Campbell sold 145 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $4,413,763.20. The trade was a 1.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.10% of the stock is owned by insiders.

Home Depot Company Profile

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.