6,268 Shares in The Home Depot, Inc. $HD Acquired by Shum Financial Group Inc.

Shum Financial Group Inc. purchased a new stake in The Home Depot, Inc. (NYSE:HD) in the 3rd quarter, according to its most recent filing with the SEC. The fund purchased 6,268 shares of the home improvement retailer’s stock, valued at approximately $2,540,000. Home Depot comprises about 1.9% of Shum Financial Group Inc.’s portfolio, making the stock its 15th largest position.

Other hedge funds have also made changes to their positions in the company. Centerpoint Advisory Group lifted its position in Home Depot by 0.8% during the second quarter. Centerpoint Advisory Group now owns 3,163 shares of the home improvement retailer’s stock worth $1,160,000 after buying an additional 26 shares during the period. Disciplined Investors L.L.C. grew its holdings in Home Depot by 2.3% in the 2nd quarter. Disciplined Investors L.L.C. now owns 1,178 shares of the home improvement retailer’s stock valued at $432,000 after buying an additional 26 shares during the period. Brio Consultants LLC increased its stake in shares of Home Depot by 4.7% during the 2nd quarter. Brio Consultants LLC now owns 574 shares of the home improvement retailer’s stock valued at $210,000 after acquiring an additional 26 shares during the last quarter. Emprise Bank increased its stake in shares of Home Depot by 0.8% during the 3rd quarter. Emprise Bank now owns 3,135 shares of the home improvement retailer’s stock valued at $1,270,000 after acquiring an additional 26 shares during the last quarter. Finally, Client 1ST Advisory Group LLC lifted its holdings in shares of Home Depot by 1.5% during the 1st quarter. Client 1ST Advisory Group LLC now owns 1,878 shares of the home improvement retailer’s stock worth $688,000 after acquiring an additional 27 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Down 0.7%

Shares of Home Depot stock opened at $344.06 on Friday. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $426.75. The stock has a market cap of $342.52 billion, a price-to-earnings ratio of 23.45, a price-to-earnings-growth ratio of 12.82 and a beta of 1.08. The company has a current ratio of 1.05, a quick ratio of 0.29 and a debt-to-equity ratio of 3.82. The company has a fifty day moving average price of $357.98 and a 200 day moving average price of $377.49.

Home Depot (NYSE:HD) last issued its 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 company had revenue of $41.35 billion during the quarter, compared to analysts’ expectations of $41.06 billion. During the same period in the previous year, the company earned $3.78 EPS. Home Depot’s quarterly revenue was up 2.8% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. Equities research analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently disclosed 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 annualized dividend and a yield of 2.7%. Home Depot’s dividend payout ratio (DPR) is 62.71%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on HD. TD Cowen lowered their target price on shares of Home Depot from $470.00 to $410.00 and set a “buy” rating for the company in a report on Wednesday, November 19th. Truist Financial set a $390.00 price objective on shares of Home Depot in a research note on Wednesday, December 17th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Home Depot in a research report on Monday. The Goldman Sachs Group reiterated a “buy” rating and issued a $413.00 target price on shares of Home Depot in a report on Wednesday, December 10th. Finally, Wall Street Zen lowered Home Depot from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. Twenty-one analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus target price of $402.10.

Insider Buying and Selling at Home Depot

In related news, EVP Teresa Wynn Roseborough sold 2,872 shares of the firm’s stock in a transaction 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 completion of the sale, the executive vice president directly owned 13,196 shares of the company’s stock, valued at approximately $4,599,069.92. This trade represents a 17.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Angie Brown sold 1,946 shares of Home Depot stock in a transaction 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 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 position. The SEC filing for this sale provides additional information. Insiders sold 4,963 shares of company stock valued at $1,748,845 over the last 90 days. 0.10% of the stock is owned by corporate insiders.

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.