6,734 Shares in The Home Depot, Inc. $HD Purchased by Regent Peak Wealth Advisors LLC

Regent Peak Wealth Advisors LLC acquired a new position in The Home Depot, Inc. (NYSE:HD) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 6,734 shares of the home improvement retailer’s stock, valued at approximately $2,728,000. Home Depot makes up about 0.5% of Regent Peak Wealth Advisors LLC’s investment portfolio, making the stock its 28th largest holding.

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

Insider Activity at Home Depot

In related news, EVP Ann Marie Campbell sold 145 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $358.26, for a total value of $51,947.70. Following the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Angie Brown sold 1,946 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $357.63, for a total transaction of $695,947.98. Following the completion of the transaction, 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 position. Additional details regarding this sale are available in the official SEC disclosure. 0.10% of the stock is currently owned by corporate insiders.

Home Depot Stock Performance

NYSE HD opened at $349.70 on Friday. The company’s 50 day simple moving average is $361.42 and its two-hundred day simple moving average is $378.00. The company has a debt-to-equity ratio of 3.82, a current ratio of 1.05 and a quick ratio of 0.29. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $426.75. The stock has a market capitalization of $348.13 billion, a PE ratio of 23.84, a P/E/G ratio of 13.03 and a beta of 1.06.

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). 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 during the quarter, compared to the consensus estimate of $41.06 billion. During the same period in the previous year, the company posted $3.78 EPS. The company’s revenue for the quarter 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. Analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm 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 annualized dividend and a dividend yield of 2.6%. Home Depot’s payout ratio is presently 62.71%.

Analyst Ratings Changes

A number of analysts recently issued reports on HD shares. Sanford C. Bernstein restated a “market perform” rating and set a $362.00 price objective on shares of Home Depot in a report on Monday, November 24th. Wall Street Zen lowered shares of Home Depot from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. Piper Sandler dropped their price objective 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. Weiss Ratings reissued a “hold (c+)” rating on shares of Home Depot in a report on Monday, December 22nd. Finally, Argus lowered their target price on Home Depot from $450.00 to $425.00 and set a “buy” rating on the stock in a research note on Thursday, November 20th. Twenty-one research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $402.10.

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.