New York Life Investment Management LLC Reduces Position in The Home Depot, Inc. $HD

New York Life Investment Management LLC decreased its position in The Home Depot, Inc. (NYSE:HD) by 2.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 145,132 shares of the home improvement retailer’s stock after selling 3,682 shares during the period. New York Life Investment Management LLC’s holdings in Home Depot were worth $58,806,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its holdings in shares of Home Depot by 36.5% during the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock worth $10,471,000 after purchasing an additional 7,203 shares during the period. Sivia Capital Partners LLC increased its holdings in Home Depot by 7.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,598 shares of the home improvement retailer’s stock valued at $952,000 after purchasing an additional 173 shares during the period. Ignite Planners LLC raised its position in Home Depot by 0.7% during the 2nd quarter. Ignite Planners LLC now owns 6,526 shares of the home improvement retailer’s stock valued at $2,346,000 after purchasing an additional 47 shares during the last quarter. Croban purchased a new stake in Home Depot in the 2nd quarter worth approximately $416,000. Finally, Lindenwold Advisors INC grew its position in shares of Home Depot by 1.1% in the 2nd quarter. Lindenwold Advisors INC now owns 5,675 shares of the home improvement retailer’s stock worth $2,081,000 after buying an additional 59 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Insider Transactions at Home Depot

In other news, 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 transaction of $1,000,949.44. Following the completion of the transaction, the executive vice president directly owned 13,196 shares in the company, valued at $4,599,069.92. This trade represents a 17.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ann Marie Campbell sold 145 shares of Home Depot stock in a transaction dated 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 transaction, the executive vice president directly owned 12,320 shares of the company’s stock, valued at approximately $4,413,763.20. This represents a 1.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 4,963 shares of company stock valued at $1,748,845. Insiders own 0.10% of the company’s stock.

Home Depot Trading Up 0.7%

Shares of NYSE HD opened at $385.01 on Monday. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $426.75. 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 50-day moving average of $362.81 and a 200 day moving average of $379.58. The stock has a market cap of $383.28 billion, a P/E ratio of 26.24, a price-to-earnings-growth ratio of 13.75 and a beta of 1.08.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $41.06 billion. During the same quarter last year, the company posted $3.78 EPS. Home Depot’s revenue for the quarter 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. As a group, sell-side analysts expect that The Home Depot, Inc. will post 15.13 EPS 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 issued a $2.30 dividend. This represents a $9.20 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Thursday, December 4th. Home Depot’s payout ratio is 62.71%.

Wall Street Analysts Forecast Growth

HD has been the subject of a number of recent analyst reports. Bank of America decreased their target price on Home Depot from $450.00 to $430.00 and set a “buy” rating for the company in a report on Wednesday, November 19th. Citigroup decreased their price objective on shares of Home Depot from $422.00 to $407.00 and set a “buy” rating for the company in a report on Friday, November 21st. Oppenheimer cut their target price on shares of Home Depot from $420.00 to $405.00 and set a “market perform” rating on the stock in a research note on Friday, December 5th. Robert W. Baird reduced their price target on shares of Home Depot from $450.00 to $415.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 19th. Finally, Gordon Haskett lowered their price objective on shares of Home Depot from $345.00 to $330.00 and set a “hold” rating for the company in a report on Wednesday, November 19th. Twenty-one research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $404.47.

Home Depot Company 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.