Financial Consulate Inc. Takes $855,000 Position in The Home Depot, Inc. $HD

Financial Consulate Inc. bought a new stake in shares of The Home Depot, Inc. (NYSE:HD) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,109 shares of the home improvement retailer’s stock, valued at approximately $855,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Centerpoint Advisory Group grew its position in shares of Home Depot by 0.8% during the 2nd quarter. Centerpoint Advisory Group now owns 3,163 shares of the home improvement retailer’s stock worth $1,160,000 after buying an additional 26 shares during the period. Disciplined Investors L.L.C. lifted its position in Home Depot by 2.3% in the 2nd quarter. Disciplined Investors L.L.C. now owns 1,178 shares of the home improvement retailer’s stock valued at $432,000 after acquiring an additional 26 shares in the last quarter. Brio Consultants LLC grew its holdings in Home Depot by 4.7% during the second quarter. Brio Consultants LLC now owns 574 shares of the home improvement retailer’s stock worth $210,000 after buying an additional 26 shares in the last quarter. Emprise Bank lifted its stake in Home Depot by 0.8% during the 3rd quarter. Emprise Bank now owns 3,135 shares of the home improvement retailer’s stock valued at $1,270,000 after acquiring an additional 26 shares in the last quarter. Finally, Client 1ST Advisory Group LLC lifted its stake in Home Depot by 1.5% during the 1st quarter. Client 1ST Advisory Group LLC now owns 1,878 shares of the home improvement retailer’s stock valued at $688,000 after acquiring an additional 27 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Performance

Shares of NYSE HD opened at $345.87 on Friday. 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. The firm’s 50-day moving average price is $357.16 and its 200-day moving average price is $377.44. The company has a market cap of $344.32 billion, a PE ratio of 23.58, a PEG ratio of 12.82 and a beta of 1.08.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $41.06 billion. During the same quarter last year, the firm posted $3.78 earnings per share. The business’s quarterly 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. As a group, analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th were issued a dividend of $2.30 per share. The ex-dividend date of this dividend was Thursday, December 4th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.7%. Home Depot’s payout ratio is 62.71%.

Analyst Ratings Changes

HD has been the topic of a number of recent research reports. Piper Sandler dropped their price target on Home Depot from $450.00 to $441.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 10th. The Goldman Sachs Group restated a “buy” rating and issued a $413.00 target price on shares of Home Depot in a research note on Wednesday, December 10th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Home Depot in a research note on Monday. Jefferies Financial Group reissued a “buy” rating and issued a $424.00 price target on shares of Home Depot in a report on Wednesday, December 10th. Finally, TD Cowen dropped their target price on shares of Home Depot from $470.00 to $410.00 and set a “buy” rating for the company in a report on Wednesday, November 19th. Twenty-one investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $402.10.

Insiders Place Their Bets

In other news, EVP Teresa Wynn Roseborough sold 2,872 shares of the company’s stock in a transaction on 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 sale, the executive vice president directly owned 13,196 shares of the company’s stock, valued at $4,599,069.92. This represents a 17.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Angie Brown sold 1,946 shares of Home Depot 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 in the company, valued at approximately $1,409,419.83. This trade represents a 33.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 4,963 shares of company stock valued at $1,748,845. 0.10% of the stock is owned by insiders.

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.