The Home Depot, Inc. $HD Shares Sold by Callan Family Office LLC

Callan Family Office LLC trimmed its stake in shares of The Home Depot, Inc. (NYSE:HD) by 7.9% during the third quarter, HoldingsChannel reports. The fund owned 20,612 shares of the home improvement retailer’s stock after selling 1,770 shares during the quarter. Callan Family Office LLC’s holdings in Home Depot were worth $8,352,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Sagard Holdings Management Inc. bought a new position in Home Depot during the second quarter worth $29,000. LFA Lugano Financial Advisors SA bought a new position in shares of Home Depot in the 2nd quarter worth about $32,000. Legacy Investment Solutions LLC acquired a new position in shares of Home Depot in the 2nd quarter valued at about $35,000. Dougherty Wealth Advisers LLC acquired a new position in shares of Home Depot in the 3rd quarter valued at about $38,000. Finally, Marquette Asset Management LLC bought a new stake in shares of Home Depot during the 3rd quarter valued at about $38,000. Institutional investors own 70.86% of the company’s stock.

Insider Activity

In other news, EVP Ann Marie Campbell sold 145 shares of the stock in a transaction that occurred on 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 in the company, valued at $4,413,763.20. This trade represents a 1.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 sale, the executive vice president directly owned 3,941 shares in the company, valued at approximately $1,409,419.83. The trade was a 33.06% decrease in their position. 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 three months. Corporate insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

HD has been the topic of a number of recent research reports. DA Davidson cut their target price on shares of Home Depot from $430.00 to $407.00 and set a “buy” rating on the stock in a report on Wednesday, December 10th. Wall Street Zen cut Home Depot from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. Oppenheimer reduced their price objective on Home Depot from $420.00 to $405.00 and set a “market perform” rating for the company in a research report on Friday, December 5th. Argus lowered their price objective on Home Depot from $450.00 to $425.00 and set a “buy” rating for the company in a research note on Thursday, November 20th. Finally, Daiwa Capital Markets raised their target price on Home Depot from $348.00 to $360.00 and gave the company a “neutral” rating in a research note on Tuesday, December 16th. Twenty-one research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and a consensus target price of $404.50.

Home Depot Stock Up 1.0%

Shares of Home Depot stock opened at $378.27 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 Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $426.75. The business’s fifty day moving average price is $360.52 and its two-hundred day moving average price is $379.13. The company has a market capitalization of $376.57 billion, a P/E ratio of 25.78, a PEG ratio of 13.96 and a beta of 1.08.

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

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th were paid a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Thursday, December 4th. Home Depot’s dividend payout ratio is currently 62.71%.

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.