GDS Wealth Management Raises Stock Holdings in The Home Depot, Inc. $HD

GDS Wealth Management raised its position in shares of The Home Depot, Inc. (NYSE:HD) by 5.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 44,784 shares of the home improvement retailer’s stock after purchasing an additional 2,249 shares during the period. Home Depot comprises about 1.2% of GDS Wealth Management’s investment portfolio, making the stock its 29th largest position. GDS Wealth Management’s holdings in Home Depot were worth $18,146,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the business. Brighton Jones LLC raised its stake in Home Depot by 36.5% during the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock valued at $10,471,000 after buying an additional 7,203 shares during the last quarter. Sivia Capital Partners LLC increased its holdings in shares of Home Depot by 7.1% during the second quarter. Sivia Capital Partners LLC now owns 2,598 shares of the home improvement retailer’s stock valued at $952,000 after acquiring an additional 173 shares in the last quarter. Dogwood Wealth Management LLC raised its position in shares of Home Depot by 7.2% in the 2nd quarter. Dogwood Wealth Management LLC now owns 2,324 shares of the home improvement retailer’s stock worth $854,000 after purchasing an additional 157 shares during the last quarter. Banque Pictet & Cie SA boosted its stake in Home Depot by 5.3% in the 2nd quarter. Banque Pictet & Cie SA now owns 3,387 shares of the home improvement retailer’s stock worth $1,242,000 after purchasing an additional 169 shares in the last quarter. Finally, True North Advisors LLC grew its position in Home Depot by 0.6% during the 2nd quarter. True North Advisors LLC now owns 9,200 shares of the home improvement retailer’s stock valued at $3,373,000 after purchasing an additional 56 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Insider Transactions at Home Depot

In related news, EVP Ann Marie Campbell sold 145 shares of the firm’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 transaction, the executive vice president owned 12,320 shares of the company’s stock, valued at approximately $4,413,763.20. This trade represents a 1.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Teresa Wynn Roseborough sold 2,872 shares of the company’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 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 4,963 shares of company stock worth $1,748,845 in the last quarter. Company insiders own 0.10% of the company’s stock.

Home Depot Price Performance

Shares of HD opened at $383.63 on Friday. The firm has a market cap of $381.91 billion, a PE ratio of 26.15, a P/E/G ratio of 14.30 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 firm has a fifty day simple moving average of $356.03 and a two-hundred day simple moving average of $378.53. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $426.75.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.09). The firm had revenue of $41.35 billion during the quarter, compared to analysts’ expectations of $41.06 billion. Home Depot had a return on equity of 160.74% and a net margin of 8.77%.The business’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the business earned $3.78 earnings per share. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. On average, equities analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Stockholders 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 2.4%. Home Depot’s dividend payout ratio is presently 62.71%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. UBS Group set a $430.00 target price on shares of Home Depot in a report on Wednesday, December 10th. Truist Financial set a $405.00 price objective on shares of Home Depot in a report on Friday, January 16th. JPMorgan Chase & Co. lowered their price objective on Home Depot from $444.00 to $423.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 19th. Citigroup reduced their target price on Home Depot from $422.00 to $407.00 and set a “buy” rating for the company in a report on Friday, November 21st. Finally, KGI Securities cut Home Depot from an “outperform” rating to a “hold” rating and set a $320.00 price target for the company. in a research note on Wednesday, November 19th. 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 company. According to MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and an average target price of $404.50.

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.