The Home Depot, Inc. $HD Shares Sold by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. lessened its stake in shares of The Home Depot, Inc. (NYSE:HD) by 92.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,121 shares of the home improvement retailer’s stock after selling 14,354 shares during the period. Home Depot accounts for approximately 0.9% of Thurston Springer Miller Herd & Titak Inc.’s investment portfolio, making the stock its 12th biggest position. Thurston Springer Miller Herd & Titak Inc.’s holdings in Home Depot were worth $454,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Brighton Jones LLC raised its stake in Home Depot by 36.5% in the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock valued at $10,471,000 after purchasing an additional 7,203 shares during the last quarter. United Bank grew its holdings in shares of Home Depot by 14.9% during the first quarter. United Bank now owns 5,023 shares of the home improvement retailer’s stock worth $1,841,000 after buying an additional 653 shares in the last quarter. Algert Global LLC grew its holdings in shares of Home Depot by 8.1% during the first quarter. Algert Global LLC now owns 2,061 shares of the home improvement retailer’s stock worth $755,000 after buying an additional 154 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Home Depot in the first quarter valued at about $909,000. Finally, Banco Bilbao Vizcaya Argentaria S.A. lifted its stake in shares of Home Depot by 0.3% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 37,620 shares of the home improvement retailer’s stock worth $13,764,000 after buying an additional 125 shares in the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Price Performance

NYSE:HD opened at $356.65 on Thursday. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $426.75. The stock’s fifty day moving average is $366.47 and its two-hundred day moving average is $379.04. The company has a market capitalization of $355.04 billion, a P/E ratio of 24.31, a P/E/G ratio of 13.14 and a beta of 1.06. 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 (EPS) for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.09). The business had revenue of $41.35 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the business posted $3.78 earnings per share. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. Equities analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be paid a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Thursday, December 4th. Home Depot’s payout ratio is 62.71%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on HD shares. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $362.00 price objective on shares of Home Depot in a research note on Monday, November 24th. Gordon Haskett dropped their price target on Home Depot from $345.00 to $330.00 and set a “hold” rating for the company in a research report on Wednesday, November 19th. Oppenheimer reduced their price objective on Home Depot from $420.00 to $405.00 and set a “market perform” rating on the stock in a research report on Friday, December 5th. BNP Paribas Exane boosted their price objective on Home Depot from $353.00 to $355.00 and gave the stock a “neutral” rating in a research note on Friday, December 5th. Finally, Telsey Advisory Group cut their target price on Home Depot from $430.00 to $410.00 and set an “outperform” rating for the company in a research note on Wednesday, December 10th. Twenty-one research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus price target of $402.07.

Insider Activity at Home Depot

In related 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 transaction of $51,947.70. Following the completion of the transaction, the executive vice president 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Angie Brown sold 1,946 shares of Home Depot stock in a transaction that occurred 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 sale, 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 position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.10% of the company’s stock.

Home Depot Profile

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.