The Home Depot, Inc. $HD Shares Sold by Highland Capital Management LLC

Highland Capital Management LLC lowered its holdings in The Home Depot, Inc. (NYSE:HD) by 38.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,272 shares of the home improvement retailer’s stock after selling 5,151 shares during the period. Highland Capital Management LLC’s holdings in Home Depot were worth $3,352,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

Several research firms have recently commented on HD. Guggenheim lowered their price target on shares of Home Depot from $450.00 to $400.00 and set a “buy” rating for the company in a research report on Thursday, November 20th. Robert W. Baird reduced their target price on shares of Home Depot from $450.00 to $415.00 and set an “outperform” rating for the company in a research note on Wednesday, November 19th. Wall Street Zen lowered shares of Home Depot from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. The Goldman Sachs Group reiterated a “buy” rating and set a $413.00 price objective on shares of Home Depot in a research report on Wednesday, December 10th. Finally, Royal Bank Of Canada decreased their price objective on Home Depot from $376.00 to $366.00 and set a “sector perform” rating for the company in a report on Wednesday, December 10th. Twenty-one analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $402.10.

Insider Activity at Home Depot

In other Home Depot news, EVP Ann Marie Campbell sold 145 shares of the company’s 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 owned 12,320 shares of the company’s stock, valued at approximately $4,413,763.20. This represents a 1.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Angie Brown sold 1,946 shares of the 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 owned 3,941 shares of the company’s stock, valued at $1,409,419.83. This trade represents a 33.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.10% of the company’s stock.

Home Depot Trading Up 0.7%

Shares of HD stock opened at $349.70 on Friday. The stock has a 50-day simple moving average of $361.42 and a 200 day simple moving average of $378.00. The stock has a market capitalization of $348.13 billion, a P/E ratio of 23.84, a P/E/G ratio of 13.03 and a beta of 1.06. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $426.75. 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 issued its quarterly earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.09). Home Depot had a net margin of 8.77% and a return on equity of 160.74%. The business had revenue of $41.35 billion during the quarter, compared to analyst estimates of $41.06 billion. During the same period in the previous year, the company posted $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. On average, sell-side analysts expect 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 announced a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Thursday, December 4th were issued a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Thursday, December 4th. Home Depot’s dividend payout ratio (DPR) is presently 62.71%.

Home Depot Company 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.