The Home Depot, Inc. $HD Shares Bought by Brookstone Capital Management

Brookstone Capital Management increased its stake in The Home Depot, Inc. (NYSE:HD) by 8.9% during the third quarter, HoldingsChannel.com reports. The fund owned 34,547 shares of the home improvement retailer’s stock after buying an additional 2,813 shares during the period. Brookstone Capital Management’s holdings in Home Depot were worth $13,998,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Legend Financial Advisors Inc. purchased a new position in Home Depot in the 2nd quarter worth about $28,000. Sagard Holdings Management Inc. acquired a new position in shares of Home Depot in the second quarter worth about $29,000. LFA Lugano Financial Advisors SA purchased a new position in shares of Home Depot in the second quarter worth approximately $32,000. Legacy Investment Solutions LLC acquired a new stake in shares of Home Depot during the second quarter valued at approximately $35,000. Finally, Dougherty Wealth Advisers LLC purchased a new stake in shares of Home Depot in the 3rd quarter valued at approximately $38,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Trading Up 0.6%

NYSE:HD opened at $347.08 on Friday. The company has a market capitalization of $345.52 billion, a P/E ratio of 23.66, a P/E/G ratio of 12.94 and a beta of 1.06. The stock’s 50 day moving average price is $362.26 and its 200 day moving average price is $378.04. 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 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 earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 EPS for the quarter, missing the consensus estimate of $3.83 by ($0.09). Home Depot had a return on equity of 160.74% and a net margin of 8.77%.The business had revenue of $41.35 billion during the quarter, compared to the consensus estimate of $41.06 billion. During the same period in the prior year, the firm earned $3.78 earnings per share. The business’s 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. On average, research analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th were given a $2.30 dividend. 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 currently 62.71%.

Wall Street Analyst Weigh In

HD has been the topic of several research analyst reports. Zacks Research cut shares of Home Depot from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 27th. Wolfe Research lifted their price target on Home Depot from $414.00 to $415.00 and gave the company an “outperform” rating in a report on Monday. TD Cowen dropped their price target on Home Depot from $470.00 to $410.00 and set a “buy” rating on the stock in a research report on Wednesday, November 19th. Daiwa Capital Markets raised 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. Finally, DA Davidson dropped their target price on Home Depot from $430.00 to $407.00 and set a “buy” rating on the stock in a report on Wednesday, December 10th. Twenty-one investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $402.10.

Insider Activity

In other Home Depot news, EVP Ann Marie Campbell sold 145 shares of the company’s 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 sale, the executive vice president owned 12,320 shares of the company’s stock, valued at $4,413,763.20. This represents a 1.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Angie Brown sold 1,946 shares of the stock in a transaction that occurred 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 transaction, 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. Corporate insiders own 0.10% of the company’s stock.

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.