Alps Advisors Inc. Decreases Stock Position in The Home Depot, Inc. $HD

Alps Advisors Inc. cut its position in The Home Depot, Inc. (NYSE:HD) by 10.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 97,311 shares of the home improvement retailer’s stock after selling 11,191 shares during the quarter. Alps Advisors Inc.’s holdings in Home Depot were worth $39,429,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Sagard Holdings Management Inc. purchased a new stake in shares of Home Depot during the 2nd quarter valued at approximately $29,000. LFA Lugano Financial Advisors SA purchased a new position in Home Depot in the 2nd quarter valued at approximately $32,000. Legacy Investment Solutions LLC bought a new stake in Home Depot during the 2nd quarter valued at $35,000. Dougherty Wealth Advisers LLC bought a new stake in Home Depot during the 3rd quarter valued at $38,000. Finally, Marquette Asset Management LLC purchased a new stake in shares of Home Depot during the third quarter worth $38,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on HD. UBS Group set a $430.00 price target on Home Depot in a research report on Wednesday, December 10th. Wall Street Zen downgraded Home Depot from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Home Depot in a report on Monday, December 29th. DZ Bank reissued a “sell” rating on shares of Home Depot in a report on Tuesday, November 18th. Finally, Wolfe Research cut their price objective on shares of Home Depot from $415.00 to $414.00 and set an “outperform” rating for the company in a research report on Wednesday. Twenty-one analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $404.47.

Insider Activity

In related news, EVP Angie Brown sold 1,946 shares of the firm’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $357.63, for a total transaction of $695,947.98. Following the transaction, the executive vice president directly owned 3,941 shares of the company’s stock, valued at approximately $1,409,419.83. This trade represents a 33.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Ann Marie Campbell sold 145 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The stock was 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 owned 12,320 shares of the company’s stock, valued at $4,413,763.20. The trade was a 1.16% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 4,963 shares of company stock worth $1,748,845. 0.10% of the stock is currently owned by insiders.

Home Depot Trading Up 0.7%

Shares of Home Depot stock opened at $385.01 on Friday. 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 firm has a market cap of $383.28 billion, a PE ratio of 26.24, a PEG ratio of 13.75 and a beta of 1.08. The company has a 50 day simple moving average of $362.81 and a two-hundred day simple moving average of $379.56.

Home Depot (NYSE:HD) last posted its quarterly earnings data 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 net margin of 8.77% and a return on equity of 160.74%. The company had revenue of $41.35 billion for the quarter, compared to analysts’ expectations of $41.06 billion. During the same quarter last year, the business posted $3.78 EPS. The business’s quarterly 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. Analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

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