Envestnet Portfolio Solutions Inc. Has $53.18 Million Position in The Home Depot, Inc. $HD

Envestnet Portfolio Solutions Inc. cut its holdings in The Home Depot, Inc. (NYSE:HD) by 1.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 131,254 shares of the home improvement retailer’s stock after selling 1,416 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Home Depot were worth $53,183,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in HD. Legend Financial Advisors Inc. acquired a new position in Home Depot in the second quarter valued at approximately $28,000. Sagard Holdings Management Inc. acquired a new stake in shares of Home Depot during the 2nd quarter worth approximately $29,000. LFA Lugano Financial Advisors SA bought a new stake in shares of Home Depot in the 2nd quarter valued at $32,000. Legacy Investment Solutions LLC acquired a new position in shares of Home Depot during the 2nd quarter valued at $35,000. Finally, Dougherty Wealth Advisers LLC acquired a new position in shares of Home Depot during the 3rd quarter valued at $38,000. Institutional investors own 70.86% of the company’s stock.

Insider Buying and Selling at Home Depot

In related news, EVP Teresa Wynn Roseborough sold 2,872 shares of Home Depot stock in a transaction on Friday, December 26th. The stock was sold at an average price of $348.52, for a total transaction of $1,000,949.44. Following the sale, the executive vice president directly owned 13,196 shares in the company, valued at approximately $4,599,069.92. This trade represents a 17.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Angie Brown sold 1,946 shares of the firm’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $357.63, for a total value of $695,947.98. Following the sale, the executive vice president directly owned 3,941 shares of the company’s stock, valued at approximately $1,409,419.83. This represents a 33.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 4,963 shares of company stock worth $1,748,845. Insiders own 0.10% of the company’s stock.

Home Depot Price Performance

HD stock opened at $380.84 on Friday. The company has a debt-to-equity ratio of 3.82, a quick ratio of 0.29 and a current ratio of 1.05. The business has a 50-day simple moving average of $355.59 and a two-hundred day simple moving average of $378.34. The company has a market capitalization of $379.13 billion, a P/E ratio of 25.96, a price-to-earnings-growth ratio of 14.33 and a beta of 1.08. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $426.75.

Home Depot (NYSE:HD) last posted 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). Home Depot had a return on equity of 160.74% and a net margin of 8.77%.The firm had revenue of $41.35 billion for the quarter, compared to analysts’ expectations of $41.06 billion. During the same period in the prior year, the firm earned $3.78 earnings per share. Home Depot’s 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. Research analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th were given a $2.30 dividend. 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 is presently 62.71%.

Wall Street Analyst Weigh In

HD has been the subject of a number of research reports. Evercore ISI reduced their price target on shares of Home Depot from $450.00 to $425.00 and set an “outperform” rating for the company in a report on Wednesday, November 19th. Wells Fargo & Company cut their price objective on shares of Home Depot from $400.00 to $395.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 10th. Weiss Ratings restated a “hold (c+)” rating on shares of Home Depot in a research note on Monday, December 29th. Stifel Nicolaus decreased their target price on Home Depot from $370.00 to $350.00 and set a “hold” rating for the company in a research report on Monday, December 1st. Finally, BNP Paribas Exane upped their price target on Home Depot from $353.00 to $355.00 and gave the stock a “neutral” rating in a research note on Friday, December 5th. Twenty-one analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and an average target price of $404.50.

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.