4,659 Shares in The Home Depot, Inc. $HD Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new stake in The Home Depot, Inc. (NYSE:HD) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 4,659 shares of the home improvement retailer’s stock, valued at approximately $1,888,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Sagard Holdings Management Inc. acquired a new position in shares of Home Depot during the second quarter valued at $29,000. LFA Lugano Financial Advisors SA acquired a new position in Home Depot in the second quarter valued at approximately $32,000. Dougherty Wealth Advisers LLC bought a new position in Home Depot in the third quarter valued at approximately $38,000. Marquette Asset Management LLC bought a new position in Home Depot in the third quarter valued at approximately $38,000. Finally, Legacy Investment Solutions LLC acquired a new stake in Home Depot during the 2nd quarter worth $35,000. Institutional investors own 70.86% of the company’s stock.

Insider Transactions at Home Depot

In other news, EVP Ann Marie Campbell sold 145 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president owned 12,320 shares in the company, valued at $4,413,763.20. This trade represents a 1.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Teresa Wynn Roseborough sold 2,872 shares of Home Depot stock in a transaction dated 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 in the company, valued at approximately $4,599,069.92. This represents a 17.87% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 4,963 shares of company stock worth $1,748,845 in the last three months. Insiders own 0.10% of the company’s stock.

Home Depot Stock Down 0.9%

NYSE:HD opened at $371.91 on Friday. The stock has a 50-day simple moving average of $359.07 and a 200 day simple moving average of $378.68. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $426.75. The company has a market cap of $370.24 billion, a PE ratio of 25.35, a PEG ratio of 13.99 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.

Home Depot (NYSE:HD) last issued its quarterly 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). Home Depot had a return on equity of 160.74% and a net margin of 8.77%.The business had revenue of $41.35 billion for the quarter, compared to the consensus estimate of $41.06 billion. During the same period in the prior year, the business earned $3.78 earnings per share. Home Depot’s 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. On average, sell-side analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently declared 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 annualized dividend and a yield of 2.5%. Home Depot’s payout ratio is 62.71%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Royal Bank Of Canada cut their price target on Home Depot from $376.00 to $366.00 and set a “sector perform” rating on the stock in a research note on Wednesday, December 10th. Wall Street Zen lowered shares of Home Depot from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. Morgan Stanley boosted their price objective on shares of Home Depot from $395.00 to $412.00 and gave the company an “overweight” rating in a report on Thursday, January 15th. HSBC cut their target price on shares of Home Depot from $445.00 to $400.00 and set a “hold” rating on the stock in a report on Wednesday, November 19th. Finally, Wolfe Research boosted their price target on shares of Home Depot from $414.00 to $415.00 and gave the company an “outperform” rating in a report on Monday, December 22nd. Twenty-one research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target 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.