CCG Wealth Management LLC Purchases 2,973 Shares of The Home Depot, Inc. $HD

CCG Wealth Management LLC lifted its position in shares of The Home Depot, Inc. (NYSE:HD) by 146.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,007 shares of the home improvement retailer’s stock after acquiring an additional 2,973 shares during the period. Home Depot makes up about 1.0% of CCG Wealth Management LLC’s portfolio, making the stock its 23rd largest holding. CCG Wealth Management LLC’s holdings in Home Depot were worth $2,029,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Sagard Holdings Management Inc. acquired a new stake in shares of Home Depot in the 2nd quarter valued at $29,000. LFA Lugano Financial Advisors SA acquired a new position in shares of Home Depot during the 2nd quarter worth $32,000. Legacy Investment Solutions LLC bought a new stake in shares of Home Depot during the 2nd quarter worth $35,000. Dougherty Wealth Advisers LLC acquired a new stake in Home Depot in the third quarter valued at about $38,000. Finally, Marquette Asset Management LLC acquired a new stake in Home Depot in the third quarter valued at about $38,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Up 0.7%

HD opened at $386.63 on Tuesday. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $426.75. The company’s 50-day moving average is $356.59 and its 200 day moving average is $378.67. 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 firm has a market capitalization of $384.89 billion, a P/E ratio of 26.36, a PEG ratio of 14.30 and a beta of 1.08.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $41.06 billion. During the same period in the prior year, the company earned $3.78 earnings per share. The business’s 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. Research analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th were paid a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Thursday, December 4th. Home Depot’s payout ratio is presently 62.71%.

Insider Activity at Home Depot

In related news, EVP Angie Brown sold 1,946 shares of the business’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $357.63, for a total value of $695,947.98. Following the sale, the executive vice president directly owned 3,941 shares in the company, valued at approximately $1,409,419.83. The trade was a 33.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 owned 13,196 shares in the company, valued at $4,599,069.92. The trade was a 17.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 4,963 shares of company stock worth $1,748,845. Insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on HD. Wolfe Research upped their price objective on shares of Home Depot from $414.00 to $415.00 and gave the stock an “outperform” rating in a research report on Monday, December 22nd. Oppenheimer lowered their price objective on Home Depot from $420.00 to $405.00 and set a “market perform” rating for the company in a research report on Friday, December 5th. Weiss Ratings reissued a “hold (c+)” rating on shares of Home Depot in a research note on Monday, December 29th. TD Cowen boosted their price target on Home Depot from $410.00 to $450.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Finally, HSBC dropped their price objective on shares of Home Depot from $445.00 to $400.00 and set a “hold” rating on the stock in a report on Wednesday, November 19th. Twenty-one investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target 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.