Retirement Guys Formula LLC Invests $1.20 Million in The Home Depot, Inc. $HD

Retirement Guys Formula LLC purchased a new position in The Home Depot, Inc. (NYSE:HD) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 2,957 shares of the home improvement retailer’s stock, valued at approximately $1,198,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Mainstay Capital Management LLC ADV bought a new stake in Home Depot in the 2nd quarter valued at about $263,000. WealthPlan Investment Management LLC bought a new position in Home Depot in the 2nd quarter worth about $1,149,000. Tower View Wealth Management LLC increased its stake in shares of Home Depot by 4.3% in the second quarter. Tower View Wealth Management LLC now owns 16,196 shares of the home improvement retailer’s stock valued at $5,938,000 after purchasing an additional 671 shares during the period. Ransom Advisory Ltd bought a new stake in shares of Home Depot during the first quarter valued at approximately $3,851,000. Finally, Shell Asset Management Co. boosted its position in shares of Home Depot by 45.2% during the second quarter. Shell Asset Management Co. now owns 48,175 shares of the home improvement retailer’s stock worth $17,663,000 after buying an additional 15,002 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Buying and Selling

In other Home Depot news, EVP Angie Brown sold 1,946 shares of the company’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $357.63, for a total value of $695,947.98. Following the transaction, the executive vice president owned 3,941 shares of the company’s stock, valued at approximately $1,409,419.83. This represents a 33.06% 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 Teresa Wynn Roseborough sold 2,872 shares of the firm’s stock in a transaction on Friday, December 26th. The stock was sold at an average price of $348.52, for a total value of $1,000,949.44. Following the sale, the executive vice president directly owned 13,196 shares of the company’s stock, valued at approximately $4,599,069.92. This represents a 17.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 4,963 shares of company stock worth $1,748,845. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on HD. Wolfe Research raised their target price on Home Depot from $414.00 to $415.00 and gave the company an “outperform” rating in a research report on Monday, December 22nd. Evercore ISI decreased their price target on Home Depot from $450.00 to $425.00 and set an “outperform” rating for the company in a research note on Wednesday, November 19th. Jefferies Financial Group reissued a “buy” rating and set a $424.00 price target on shares of Home Depot in a report on Wednesday, December 10th. Truist Financial set a $390.00 price objective on shares of Home Depot in a report on Wednesday, December 17th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Home Depot in a research note on Monday, December 29th. Twenty-one analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and an average price target of $402.10.

Home Depot Trading Up 0.5%

Shares of HD stock opened at $345.87 on Friday. The stock has a 50-day simple moving average of $357.16 and a 200 day simple moving average of $377.64. The stock has a market capitalization of $344.32 billion, a P/E ratio of 23.58, a P/E/G ratio of 12.88 and a beta of 1.08. 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 EPS 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 business had revenue of $41.35 billion during the quarter, compared to the consensus estimate of $41.06 billion. During the same quarter last year, the firm 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Thursday, December 4th were paid 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 yield of 2.7%. Home Depot’s dividend payout ratio is currently 62.71%.

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.