Capital Advisors Ltd. LLC Boosts Stock Holdings in The Home Depot, Inc. $HD

Capital Advisors Ltd. LLC grew its position in The Home Depot, Inc. (NYSE:HD) by 71.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 4,698 shares of the home improvement retailer’s stock after buying an additional 1,950 shares during the quarter. Capital Advisors Ltd. LLC’s holdings in Home Depot were worth $1,903,000 at the end of the most recent reporting period.

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

Home Depot Trading Up 0.7%

Shares of Home Depot stock opened at $349.70 on Monday. The stock has a 50 day moving average of $361.42 and a 200 day moving average of $378.13. 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 firm has a market capitalization of $348.13 billion, a price-to-earnings ratio of 23.84, a PEG 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.

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 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 analysts’ expectations of $41.06 billion. During the same quarter in the prior year, the firm earned $3.78 EPS. Home Depot’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. As a group, research analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently announced 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 yield of 2.6%. Home Depot’s dividend payout ratio is presently 62.71%.

Insider Activity

In other Home Depot news, EVP Ann Marie Campbell sold 145 shares of the 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 completion of the transaction, the executive vice president 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 filing 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 shares were 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 directly owned 3,941 shares in the company, valued at $1,409,419.83. This trade represents a 33.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on HD shares. Stifel Nicolaus cut their price objective on shares of Home Depot from $370.00 to $350.00 and set a “hold” rating for the company in a report on Monday, December 1st. HSBC dropped their price target on Home Depot from $445.00 to $400.00 and set a “hold” rating for the company in a research report on Wednesday, November 19th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Home Depot in a research report on Monday, December 22nd. BNP Paribas Exane boosted their price objective on Home Depot from $353.00 to $355.00 and gave the stock a “neutral” rating in a research note on Friday, December 5th. Finally, KGI Securities cut Home Depot from an “outperform” rating to a “hold” rating and set a $320.00 target price for the company. in a report on Wednesday, November 19th. Twenty-one equities 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 company. Based on data from MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus target price of $402.10.

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.