HB Wealth Management LLC Raises Stake in The Home Depot, Inc. $HD

HB Wealth Management LLC grew its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 6.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 686,049 shares of the home improvement retailer’s stock after acquiring an additional 42,999 shares during the quarter. Home Depot accounts for approximately 1.9% of HB Wealth Management LLC’s holdings, making the stock its 11th biggest holding. HB Wealth Management LLC owned approximately 0.07% of Home Depot worth $277,981,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Howard Financial Services LTD. grew its holdings in shares of Home Depot by 4.7% during the 3rd quarter. Howard Financial Services LTD. now owns 1,773 shares of the home improvement retailer’s stock valued at $719,000 after purchasing an additional 80 shares during the last quarter. Moran Wealth Management LLC lifted its stake in Home Depot by 2.6% in the third quarter. Moran Wealth Management LLC now owns 24,747 shares of the home improvement retailer’s stock worth $10,027,000 after purchasing an additional 632 shares during the last quarter. Signature Wealth Management Partners LLC boosted its position in Home Depot by 25.1% during the third quarter. Signature Wealth Management Partners LLC now owns 966 shares of the home improvement retailer’s stock valued at $392,000 after buying an additional 194 shares during the period. CX Institutional boosted its position in Home Depot by 56.2% during the third quarter. CX Institutional now owns 37,289 shares of the home improvement retailer’s stock valued at $15,109,000 after buying an additional 13,420 shares during the period. Finally, Integras Partners LLC grew its stake in shares of Home Depot by 16.2% during the third quarter. Integras Partners LLC now owns 10,040 shares of the home improvement retailer’s stock valued at $4,068,000 after buying an additional 1,401 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Home Depot news, 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 value of $695,947.98. Following the completion of the sale, the executive vice president directly owned 3,941 shares in the company, valued at $1,409,419.83. This trade represents a 33.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Teresa Wynn Roseborough sold 2,872 shares of the company’s stock in a transaction that occurred on Friday, December 26th. The stock was sold at an average price of $348.52, for a total value of $1,000,949.44. Following the transaction, the executive vice president owned 13,196 shares in the company, valued at $4,599,069.92. This trade represents a 17.87% 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. Company insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on HD shares. Wells Fargo & Company lowered their target price on Home Depot from $400.00 to $395.00 and set an “overweight” rating for the company in a research note on Wednesday, December 10th. DA Davidson decreased their price target on Home Depot from $430.00 to $407.00 and set a “buy” rating on the stock in a research note on Wednesday, December 10th. Telsey Advisory Group dropped their price objective 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. Piper Sandler cut their target price on shares of Home Depot from $450.00 to $441.00 and set an “overweight” rating on the stock in a report on Wednesday, December 10th. Finally, Oppenheimer lowered their price target on shares of Home Depot from $420.00 to $405.00 and set a “market perform” rating for the company in a report on Friday, December 5th. Twenty-one investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and a consensus target price of $402.10.

Home Depot Price Performance

Shares of Home Depot stock opened at $359.65 on Friday. The business has a 50 day moving average of $354.64 and a 200 day moving average of $377.51. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $426.75. The company has a market cap of $358.03 billion, a PE ratio of 24.52, a P/E/G ratio of 13.00 and a beta of 1.08. 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 quarterly earnings results 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 company had revenue of $41.35 billion during the quarter, compared to the consensus estimate of $41.06 billion. Home Depot had a net margin of 8.77% and a return on equity of 160.74%. The business’s revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the firm earned $3.78 EPS. 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 year.

Home Depot Announces Dividend

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

Home Depot News Roundup

Here are the key news stories impacting Home Depot this week:

• Positive Sentiment: Broad market tailwind — gains in Home Depot contributed to a large Dow rally, supporting the stock’s rise. Nike, Home Depot share gains contribute to Dow’s nearly 225-point jump
• Positive Sentiment: Investor rotation into cash-rich retailers and renovation-focused demand is creating favorable sector-level momentum for HD. Investor Shift To Cash-Rich Retailers And Renovation Trend Could Be A Game Changer For Home Depot (HD)
• Positive Sentiment: Vendor response eased a recent PR/ESG concern, which TipRanks says helped lift the stock after criticism around greenhouse waste. “…Conduct Business in a Responsible Manner”: Home Depot Stock Surges With Kurt Weiss Greenhouses Response
• Positive Sentiment: Analyst/feature pieces framing HD as a recovery/“fixer‑upper” play on consumer spending and remodeling support longer‑term demand expectations. Home Depot: A Fixer-Upper
• Neutral Sentiment: Local enforcement/immigration headlines (Phoenix raid) have been mentioned in the press but have produced limited lasting impact on fundamentals so far. Phoenix Raid Lands Four Day Laborers, Home Depot Stock Notches Up
• Negative Sentiment: Unusual options activity: traders bought a large block of puts (57,026 on Jan. 8; put volume up ~71% vs typical), which can signal hedging or short‑bet interest and increases downside risk. Home Depot Unusual Options Activity
• Negative Sentiment: Legal risk: Pomerantz has launched an investor investigation into Home Depot, introducing potential litigation over prior disclosures. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims
• Negative Sentiment: Guidance trimmed versus consensus: FY‑2025 EPS was set at 14.478 vs analysts’ 14.510 and revenue guidance missed consensus slightly, which is a modest near‑term headwind for expectations.

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.