The Home Depot, Inc. $HD Stake Increased by Ethic Inc.

Ethic Inc. raised its stake in shares of The Home Depot, Inc. (NYSE:HD) by 2.0% during the third quarter, HoldingsChannel reports. The fund owned 105,506 shares of the home improvement retailer’s stock after acquiring an additional 2,063 shares during the quarter. Home Depot comprises approximately 0.7% of Ethic Inc.’s holdings, making the stock its 15th largest position. Ethic Inc.’s holdings in Home Depot were worth $42,750,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in HD. Brighton Jones LLC grew its position in shares of Home Depot by 36.5% in the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock worth $10,471,000 after acquiring an additional 7,203 shares in the last quarter. Quarry LP lifted its stake in Home Depot by 440.6% during the first quarter. Quarry LP now owns 519 shares of the home improvement retailer’s stock worth $190,000 after purchasing an additional 423 shares during the last quarter. Betterment LLC boosted its holdings in Home Depot by 21.1% in the first quarter. Betterment LLC now owns 1,546 shares of the home improvement retailer’s stock worth $567,000 after purchasing an additional 269 shares during the period. EP Wealth Advisors LLC increased its stake in Home Depot by 10.2% during the first quarter. EP Wealth Advisors LLC now owns 82,166 shares of the home improvement retailer’s stock valued at $30,113,000 after purchasing an additional 7,631 shares during the last quarter. Finally, Federation des caisses Desjardins du Quebec raised its holdings in shares of Home Depot by 8.7% during the first quarter. Federation des caisses Desjardins du Quebec now owns 87,456 shares of the home improvement retailer’s stock worth $32,053,000 after purchasing an additional 6,996 shares during the period. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot News Summary

Here are the key news stories impacting Home Depot this week:

• Positive Sentiment: Brokerages give HD a consensus rating of “Moderate Buy,” which supports investor confidence and could help limit downside. Consensus Rating “Moderate Buy”
• Positive Sentiment: Home Depot’s pro-market exposure should strengthen after SRS Distribution’s acquisition of GMS adds roughly $900M in quarterly sales to the pro channel, boosting FY25 outlook and recurring revenue from professional customers. Home Depot Expands Pro Market With GMS and SRS Pairing
• Neutral Sentiment: HD is drawing elevated investor attention and search interest; heightened focus can increase volatility (both buying and selling) around company news and earnings. HD Attracting Investor Attention
• Negative Sentiment: A consumer/ad story has triggered negative press and selling pressure (“You Killed Us” headline), suggesting brand/reputation risk that could affect traffic or sentiment in the near term. TipRanks: Ad Backlash Story
• Negative Sentiment: An EVP (Teresa Wynn Roseborough) disclosed a sale of ~2,872 shares late last week, trimming her stake — insider selling can be interpreted negatively by some investors even if for personal reasons. Insider Sale Filing
• Negative Sentiment: Pomerantz LLP announced an investigation into Home Depot on behalf of investors, signaling potential securities litigation risk that could increase costs, distraction and downside volatility. Pomerantz Investigates

Insider Transactions at Home Depot

In other news, EVP Ann Marie Campbell sold 145 shares of the company’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 completion of the sale, the executive vice president directly owned 12,320 shares of the company’s stock, valued at approximately $4,413,763.20. This represents a 1.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Teresa Wynn Roseborough sold 2,872 shares of the firm’s stock in a transaction that occurred on Friday, December 26th. The shares were sold at an average price of $348.52, for a total transaction of $1,000,949.44. Following the transaction, the executive vice president owned 13,196 shares in the company, valued at $4,599,069.92. This represents a 17.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 4,963 shares of company stock valued at $1,748,845. Company insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

HD has been the subject of a number of recent research reports. Truist Financial set a $390.00 price objective on shares of Home Depot in a research report on Wednesday, December 17th. Wolfe Research upped their target price on Home Depot from $414.00 to $415.00 and gave the company an “outperform” rating in a report on Monday, December 22nd. Telsey Advisory Group cut their price target on Home Depot from $430.00 to $410.00 and set an “outperform” rating on the stock in a report on Wednesday, December 10th. Royal Bank Of Canada reduced their price objective on Home Depot from $376.00 to $366.00 and set a “sector perform” rating for the company in a research report on Wednesday, December 10th. Finally, DZ Bank reaffirmed a “sell” rating on shares of Home Depot in a research report on Tuesday, November 18th. Twenty-one analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and a consensus price target of $402.10.

Home Depot Stock Down 0.3%

Shares of Home Depot stock opened at $346.23 on Wednesday. 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 business’s fifty day moving average price is $359.69 and its two-hundred day moving average price is $377.96. The company has a market capitalization of $344.68 billion, a P/E ratio of 23.60, a PEG ratio of 12.94 and a beta of 1.06.

Home Depot (NYSE:HD) last issued its quarterly 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 for the quarter, compared to analyst estimates of $41.06 billion. During the same period last year, the business posted $3.78 earnings per share. Home Depot’s revenue for the quarter was up 2.8% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. As a group, research analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

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 dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Thursday, December 4th. Home Depot’s payout ratio is 62.71%.

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.