The Home Depot, Inc. $HD Stock Holdings Cut by Denali Advisors LLC

Denali Advisors LLC lessened its position in The Home Depot, Inc. (NYSE:HD) by 25.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,705 shares of the home improvement retailer’s stock after selling 5,752 shares during the period. Denali Advisors LLC’s holdings in Home Depot were worth $6,769,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Silphium Asset Management Ltd grew its position in Home Depot by 77.2% in the 3rd quarter. Silphium Asset Management Ltd now owns 13,544 shares of the home improvement retailer’s stock worth $5,488,000 after purchasing an additional 5,900 shares during the last quarter. West Family Investments Inc. grew its position in Home Depot by 65.6% during the second quarter. West Family Investments Inc. now owns 3,630 shares of the home improvement retailer’s stock worth $1,331,000 after buying an additional 1,438 shares in the last quarter. Truist Financial Corp increased its stake in Home Depot by 0.3% during the third quarter. Truist Financial Corp now owns 1,095,113 shares of the home improvement retailer’s stock valued at $443,729,000 after acquiring an additional 3,608 shares during the period. Asset Management One Co. Ltd. raised its holdings in Home Depot by 2.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 534,564 shares of the home improvement retailer’s stock valued at $216,600,000 after acquiring an additional 12,239 shares in the last quarter. Finally, Atlantic Union Bankshares Corp lifted its position in shares of Home Depot by 59.9% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 107,438 shares of the home improvement retailer’s stock worth $43,533,000 after acquiring an additional 40,232 shares during the period. Institutional investors own 70.86% of the company’s stock.

Home Depot Trading Up 0.2%

Shares of Home Depot stock opened at $391.03 on Monday. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $426.75. The stock has a market capitalization of $389.27 billion, a P/E ratio of 26.65, a price-to-earnings-growth ratio of 13.97 and a beta of 1.08. The company has a 50-day simple moving average of $366.16 and a 200 day simple moving average of $380.05. The company has a quick ratio of 0.29, a current ratio of 1.05 and a debt-to-equity ratio of 3.82.

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 the consensus estimate of $3.83 by ($0.09). The firm had revenue of $41.35 billion for the quarter, compared to the consensus estimate of $41.06 billion. Home Depot had a return on equity of 160.74% and a net margin of 8.77%.Home Depot’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the company posted $3.78 earnings per share. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. Research analysts expect 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 declared 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 dividend on an annualized basis 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 currently 62.71%.

Analysts Set New Price Targets

HD has been the topic of a number of research reports. Zacks Research upgraded Home Depot from a “strong sell” rating to a “hold” rating in a research report on Monday, February 9th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Home Depot in a research note on Monday, December 29th. Royal Bank Of Canada dropped their price objective on shares of Home Depot from $376.00 to $366.00 and set a “sector perform” rating for the company in a research note on Wednesday, December 10th. JPMorgan Chase & Co. decreased their target price on shares of Home Depot from $444.00 to $423.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 19th. Finally, DZ Bank reissued a “sell” rating on shares of Home Depot in a research report on Tuesday, November 18th. Twenty-one equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $407.23.

Insiders Place Their Bets

In other Home Depot news, EVP Ann Marie Campbell sold 145 shares of the stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $358.26, for a total transaction of $51,947.70. Following the sale, the executive vice president owned 12,320 shares of the company’s stock, valued at $4,413,763.20. This represents a 1.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Angie Brown sold 1,946 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president owned 3,941 shares of the company’s stock, valued at $1,409,419.83. The trade was a 33.06% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 4,963 shares of company stock valued at $1,748,845. 0.10% of the stock is currently owned by corporate insiders.

About Home Depot

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.