Boothbay Fund Management LLC Purchases 20,053 Shares of The Home Depot, Inc. $HD

Boothbay Fund Management LLC increased its holdings in The Home Depot, Inc. (NYSE:HD) by 80.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 45,061 shares of the home improvement retailer’s stock after purchasing an additional 20,053 shares during the period. Home Depot makes up about 0.3% of Boothbay Fund Management LLC’s investment portfolio, making the stock its 27th largest position. Boothbay Fund Management LLC’s holdings in Home Depot were worth $16,521,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Brighton Jones LLC raised its position in Home Depot by 36.5% during the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock valued at $10,471,000 after purchasing an additional 7,203 shares during the period. United Bank raised its holdings in Home Depot by 14.9% during the 1st quarter. United Bank now owns 5,023 shares of the home improvement retailer’s stock valued at $1,841,000 after buying an additional 653 shares during the period. OneAscent Investment Solutions LLC purchased a new stake in Home Depot during the 1st quarter valued at $200,000. Cookson Peirce & Co. Inc. lifted its position in Home Depot by 29.3% in the first quarter. Cookson Peirce & Co. Inc. now owns 719 shares of the home improvement retailer’s stock worth $264,000 after buying an additional 163 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC boosted its stake in Home Depot by 23.9% during the first quarter. Kovitz Investment Group Partners LLC now owns 93,174 shares of the home improvement retailer’s stock worth $34,148,000 after buying an additional 17,956 shares during the period. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Trading Up 0.6%

Shares of HD opened at $359.52 on Friday. The firm has a market capitalization of $357.90 billion, a price-to-earnings ratio of 24.51, a PEG ratio of 13.32 and a beta of 1.06. 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. The company has a 50-day moving average of $368.34 and a 200 day moving average of $379.23.

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

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be given a dividend of $2.30 per share. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $9.20 dividend on an annualized basis and a yield of 2.6%. Home Depot’s payout ratio is 62.71%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. BNP Paribas Exane boosted their price objective on shares of Home Depot from $353.00 to $355.00 and gave the company a “neutral” rating in a research report on Friday, December 5th. KGI Securities cut shares of Home Depot from an “outperform” rating to a “hold” rating and set a $320.00 price target for the company. in a research note on Wednesday, November 19th. UBS Group set a $430.00 price target on shares of Home Depot in a report on Wednesday. TD Cowen decreased their price objective on shares of Home Depot from $470.00 to $410.00 and set a “buy” rating for the company in a research note on Wednesday, November 19th. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $362.00 target price on shares of Home Depot in a research report on Monday, November 24th. Twenty-one investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $401.17.

Insiders Place Their Bets

In other Home Depot news, EVP Ann Marie Campbell sold 145 shares of the company’s 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.10% of the stock is currently owned by company insiders.

Home Depot 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.