The Home Depot, Inc. $HD Position Decreased by Lee Danner & Bass Inc.

Lee Danner & Bass Inc. lowered its holdings in The Home Depot, Inc. (NYSE:HD) by 6.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,028 shares of the home improvement retailer’s stock after selling 1,723 shares during the period. Lee Danner & Bass Inc.’s holdings in Home Depot were worth $10,546,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mainstay Capital Management LLC ADV purchased a new position in shares of Home Depot during the second quarter valued at $263,000. WealthPlan Investment Management LLC acquired a new stake in Home Depot during the 2nd quarter worth about $1,149,000. Tower View Wealth Management LLC boosted its position in Home Depot by 4.3% during the 2nd quarter. Tower View Wealth Management LLC now owns 16,196 shares of the home improvement retailer’s stock worth $5,938,000 after acquiring an additional 671 shares during the period. Shell Asset Management Co. grew its stake in Home Depot by 45.2% during the 2nd quarter. Shell Asset Management Co. now owns 48,175 shares of the home improvement retailer’s stock valued at $17,663,000 after acquiring an additional 15,002 shares in the last quarter. Finally, Boston Trust Walden Corp increased its holdings in shares of Home Depot by 0.3% in the 2nd quarter. Boston Trust Walden Corp now owns 42,376 shares of the home improvement retailer’s stock valued at $15,537,000 after purchasing an additional 127 shares during the period. 70.86% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on HD shares. Telsey Advisory Group dropped 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 note on Wednesday, December 10th. Wall Street Zen downgraded shares of Home Depot from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. Wolfe Research lifted their price objective on Home Depot from $414.00 to $415.00 and gave the company an “outperform” rating in a research report on Monday, December 22nd. The Goldman Sachs Group restated a “buy” rating and issued a $413.00 target price on shares of Home Depot in a research note on Wednesday, December 10th. Finally, DZ Bank reaffirmed a “sell” rating on shares of Home Depot in a research note on Tuesday, November 18th. Twenty-one equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $403.17.

Home Depot Price Performance

NYSE HD opened at $380.34 on Tuesday. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $426.75. The stock’s 50-day moving average is $355.04 and its two-hundred day moving average is $378.25. The firm has a market cap of $378.63 billion, a P/E ratio of 25.93, a price-to-earnings-growth ratio of 14.16 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.

Home Depot (NYSE:HD) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $41.06 billion. During the same period in the previous year, the business posted $3.78 earnings per share. The firm’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, analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently announced 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 of this dividend was Thursday, December 4th. This represents a $9.20 dividend on an annualized basis and a yield of 2.4%. Home Depot’s payout ratio is currently 62.71%.

Insider Buying and Selling at Home Depot

In other news, EVP Angie Brown sold 1,946 shares of the firm’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $357.63, for a total value of $695,947.98. Following the sale, the executive vice president directly owned 3,941 shares of the company’s stock, valued at approximately $1,409,419.83. This trade represents a 33.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 2,872 shares of Home Depot stock in a transaction dated Friday, December 26th. The stock was sold at an average price of $348.52, for a total value of $1,000,949.44. Following the completion of the transaction, the executive vice president owned 13,196 shares in the company, valued at $4,599,069.92. The trade was a 17.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 4,963 shares of company stock worth $1,748,845 over the last ninety days. 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.