Baker Chad R Increases Stake in The Home Depot, Inc. $HD

Baker Chad R increased its position in The Home Depot, Inc. (NYSE:HD) by 6.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 23,020 shares of the home improvement retailer’s stock after purchasing an additional 1,475 shares during the quarter. Home Depot makes up about 1.6% of Baker Chad R’s investment portfolio, making the stock its 25th largest holding. Baker Chad R’s holdings in Home Depot were worth $9,327,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. CMG Global Holdings LLC raised its holdings in Home Depot by 4.4% in the third quarter. CMG Global Holdings LLC now owns 2,888 shares of the home improvement retailer’s stock worth $1,121,000 after purchasing an additional 122 shares in the last quarter. Tower View Wealth Management LLC boosted its holdings in shares of Home Depot by 0.7% during the 3rd quarter. Tower View Wealth Management LLC now owns 16,312 shares of the home improvement retailer’s stock valued at $6,610,000 after buying an additional 116 shares in the last quarter. PFS Partners LLC grew its position in shares of Home Depot by 4.9% in the 3rd quarter. PFS Partners LLC now owns 1,508 shares of the home improvement retailer’s stock worth $611,000 after buying an additional 71 shares during the period. Nvwm LLC increased its stake in shares of Home Depot by 1.7% in the 3rd quarter. Nvwm LLC now owns 8,103 shares of the home improvement retailer’s stock worth $3,283,000 after acquiring an additional 134 shares in the last quarter. Finally, CRA Financial Services LLC increased its stake in shares of Home Depot by 0.7% in the 3rd quarter. CRA Financial Services LLC now owns 16,503 shares of the home improvement retailer’s stock worth $6,687,000 after acquiring an additional 117 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors.

Insider Activity

In other Home Depot news, EVP Ann Marie Campbell sold 145 shares of the company’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $358.26, for a total transaction of $51,947.70. Following the transaction, the executive vice president owned 12,320 shares in the company, valued at approximately $4,413,763.20. This represents a 1.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Angie Brown sold 1,946 shares of Home Depot 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 sale, the executive vice president owned 3,941 shares of the company’s stock, valued at $1,409,419.83. This represents a 33.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.10% of the stock is currently owned by company insiders.

Home Depot Price Performance

Shares of HD opened at $349.70 on Monday. The company has a market capitalization of $348.13 billion, a P/E ratio of 23.84, a price-to-earnings-growth ratio of 13.03 and a beta of 1.06. 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 firm has a 50 day moving average of $361.42 and a 200 day moving average of $378.13. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $426.75.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $41.06 billion. During the same period last year, the company posted $3.78 earnings per share. The business’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. As a group, equities research analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Thursday, December 4th were given 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 dividend payout ratio (DPR) is 62.71%.

Analysts Set New Price Targets

HD has been the topic of several research reports. Wall Street Zen lowered shares of Home Depot from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. Evercore ISI lowered their target price 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. DZ Bank restated a “sell” rating on shares of Home Depot in a research note on Tuesday, November 18th. KGI Securities lowered Home Depot from an “outperform” rating to a “hold” rating and set a $320.00 price objective for the company. in a research report on Wednesday, November 19th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $413.00 price objective on shares of Home Depot in a research note on Wednesday, December 10th. Twenty-one analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus 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.