The Home Depot, Inc. $HD is NovaPoint Capital LLC’s 4th Largest Position

NovaPoint Capital LLC increased its position in shares of The Home Depot, Inc. (NYSE:HD) by 4.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,847 shares of the home improvement retailer’s stock after purchasing an additional 1,453 shares during the period. Home Depot accounts for 3.4% of NovaPoint Capital LLC’s portfolio, making the stock its 4th largest holding. NovaPoint Capital LLC’s holdings in Home Depot were worth $13,714,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mainstay Capital Management LLC ADV purchased a new position in shares of Home Depot during the second quarter valued at about $263,000. WealthPlan Investment Management LLC purchased a new position in Home Depot during the 2nd quarter valued at approximately $1,149,000. Tower View Wealth Management LLC grew its holdings in Home Depot by 4.3% during the 2nd quarter. Tower View Wealth Management LLC now owns 16,196 shares of the home improvement retailer’s stock valued at $5,938,000 after buying an additional 671 shares in the last quarter. Ransom Advisory Ltd bought a new stake in Home Depot in the 1st quarter worth approximately $3,851,000. Finally, Shell Asset Management Co. increased its position in Home Depot by 45.2% in the second quarter. Shell Asset Management Co. now owns 48,175 shares of the home improvement retailer’s stock worth $17,663,000 after purchasing an additional 15,002 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Home Depot Stock Down 0.7%

Shares of NYSE:HD opened at $347.38 on Tuesday. The company has a market capitalization of $345.82 billion, a P/E ratio of 23.68, a P/E/G ratio of 13.03 and a beta of 1.06. The stock’s fifty day simple moving average is $360.59 and its 200-day simple moving average is $378.02. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $426.75. 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 released its earnings results 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). Home Depot had a net margin of 8.77% and a return on equity of 160.74%. The firm had revenue of $41.35 billion during the quarter, compared to analysts’ expectations of $41.06 billion. During the same quarter last year, the company 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, equities research 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 announced a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th were paid a dividend of $2.30 per share. The ex-dividend date was Thursday, December 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.6%. Home Depot’s dividend payout ratio (DPR) is currently 62.71%.

Insider Transactions at Home Depot

In other news, EVP Ann Marie Campbell sold 145 shares of the stock in a transaction that occurred on Thursday, December 11th. The stock was 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 directly owned 12,320 shares in the company, valued at approximately $4,413,763.20. This represents a 1.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Angie Brown sold 1,946 shares of Home Depot stock in a transaction on Friday, December 12th. The stock was 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 approximately $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. 0.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Zacks Research downgraded shares of Home Depot from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 27th. Evercore ISI reduced their price objective on Home Depot from $450.00 to $425.00 and set an “outperform” rating for the company in a research note on Wednesday, November 19th. TD Cowen dropped their price target on shares of Home Depot from $470.00 to $410.00 and set a “buy” rating on the stock in a research note on Wednesday, November 19th. Wall Street Zen downgraded Home Depot from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. Finally, Morgan Stanley reiterated an “outperform” rating on shares of Home Depot in a report on Wednesday, December 10th. 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $402.10.

Home Depot 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.