Peachtree Investment Partners LLC Buys 1,442 Shares of The Home Depot, Inc. $HD

Peachtree Investment Partners LLC grew its stake in The Home Depot, Inc. (NYSE:HD) by 4.7% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 31,838 shares of the home improvement retailer’s stock after buying an additional 1,442 shares during the period. Home Depot makes up 4.5% of Peachtree Investment Partners LLC’s investment portfolio, making the stock its 7th biggest position. Peachtree Investment Partners LLC’s holdings in Home Depot were worth $12,901,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HD. Centerpoint Advisory Group boosted its position in Home Depot by 0.8% during the second quarter. Centerpoint Advisory Group now owns 3,163 shares of the home improvement retailer’s stock valued at $1,160,000 after acquiring an additional 26 shares during the last quarter. Disciplined Investors L.L.C. boosted its stake in shares of Home Depot by 2.3% in the 2nd quarter. Disciplined Investors L.L.C. now owns 1,178 shares of the home improvement retailer’s stock worth $432,000 after buying an additional 26 shares during the last quarter. Brio Consultants LLC increased its position in shares of Home Depot by 4.7% during the second quarter. Brio Consultants LLC now owns 574 shares of the home improvement retailer’s stock valued at $210,000 after acquiring an additional 26 shares during the last quarter. Emprise Bank increased its holdings in Home Depot by 0.8% during the third quarter. Emprise Bank now owns 3,135 shares of the home improvement retailer’s stock worth $1,270,000 after buying an additional 26 shares during the last quarter. Finally, Stegent Equity Advisors Inc. raised its position in Home Depot by 2.7% in the third quarter. Stegent Equity Advisors Inc. now owns 1,006 shares of the home improvement retailer’s stock worth $408,000 after acquiring an additional 26 shares during the period. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Up 0.7%

HD opened at $383.63 on Friday. The stock has a market cap of $381.91 billion, a price-to-earnings ratio of 26.15, a price-to-earnings-growth ratio of 14.20 and a beta of 1.08. The company has a debt-to-equity ratio of 3.82, a quick ratio of 0.29 and a current ratio of 1.05. The firm’s fifty day moving average is $356.03 and its 200 day moving average is $378.45. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $426.75.

Home Depot (NYSE:HD) last posted its quarterly 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). The business had revenue of $41.35 billion during the quarter, compared to analysts’ expectations of $41.06 billion. Home Depot had a return on equity of 160.74% and a net margin of 8.77%.The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the prior year, the firm posted $3.78 earnings per share. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. On average, sell-side analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Thursday, December 4th were issued a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Thursday, December 4th. Home Depot’s dividend payout ratio (DPR) is presently 62.71%.

Insiders Place Their Bets

In related news, EVP Angie Brown sold 1,946 shares of the firm’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $357.63, for a total transaction of $695,947.98. Following the completion of the transaction, the executive vice president owned 3,941 shares of the company’s stock, valued at $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 is available at this hyperlink. Also, EVP Ann Marie Campbell sold 145 shares of the business’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $358.26, for a total value of $51,947.70. Following the completion of the transaction, the executive vice president directly owned 12,320 shares of the company’s stock, valued at approximately $4,413,763.20. This trade represents a 1.16% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 4,963 shares of company stock valued at $1,748,845. 0.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on HD. UBS Group set a $430.00 target price on Home Depot in a report on Wednesday, December 10th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $424.00 price target on shares of Home Depot in a research note on Wednesday, December 10th. Oppenheimer decreased their target price on shares of Home Depot from $420.00 to $405.00 and set a “market perform” rating for the company in a research note on Friday, December 5th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $362.00 price objective on shares of Home Depot in a research report on Monday, November 24th. Finally, Stifel Nicolaus reduced their price objective on Home Depot from $370.00 to $350.00 and set a “hold” rating for the company in a report on Monday, December 1st. 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $404.50.

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.