The Home Depot, Inc. $HD Shares Sold by SVB Wealth LLC

SVB Wealth LLC cut its stake in The Home Depot, Inc. (NYSE:HD) by 4.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 48,467 shares of the home improvement retailer’s stock after selling 2,449 shares during the period. Home Depot comprises approximately 1.1% of SVB Wealth LLC’s portfolio, making the stock its 21st largest position. SVB Wealth LLC’s holdings in Home Depot were worth $19,638,000 at the end of the most recent reporting period.

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

Home Depot Stock Performance

Shares of HD opened at $380.99 on Tuesday. 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 Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $426.75. The company has a 50-day simple moving average of $363.28 and a 200-day simple moving average of $379.63. The company has a market capitalization of $379.28 billion, a PE ratio of 25.97, a P/E/G ratio of 13.75 and a beta of 1.08.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, November 18th. The home improvement retailer reported $3.74 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 company 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 posted $3.78 EPS. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. Equities research analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently disclosed 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 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Thursday, December 4th. Home Depot’s dividend payout ratio (DPR) is presently 62.71%.

Insider Buying and Selling

In other news, EVP Teresa Wynn Roseborough sold 2,872 shares of the firm’s stock in a transaction 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 completion of 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Ann Marie Campbell sold 145 shares of Home Depot stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $358.26, for a total value of $51,947.70. Following the transaction, the executive vice president directly owned 12,320 shares of the company’s stock, valued at $4,413,763.20. This trade represents a 1.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over 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.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on HD shares. Bank of America reduced their target price on shares of Home Depot from $450.00 to $430.00 and set a “buy” rating for the company in a report on Wednesday, November 19th. Weiss Ratings restated a “hold (c+)” rating on shares of Home Depot in a research report on Monday, December 29th. Daiwa Securities Group increased their price objective on Home Depot from $348.00 to $360.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 16th. Piper Sandler lowered their target price on Home Depot from $450.00 to $441.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 10th. Finally, Wolfe Research cut their price target on Home Depot from $415.00 to $414.00 and set an “outperform” rating for the company in a research note on Wednesday, February 4th. Twenty-one research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus price target of $404.47.

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.