The Home Depot, Inc. $HD Shares Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lifted its position in The Home Depot, Inc. (NYSE:HD) by 26.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 893,995 shares of the home improvement retailer’s stock after purchasing an additional 184,344 shares during the period. Home Depot comprises about 0.7% of Thrivent Financial for Lutherans’ portfolio, making the stock its 15th biggest holding. Thrivent Financial for Lutherans owned about 0.09% of Home Depot worth $362,237,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Victrix Investment Advisors raised its position in shares of Home Depot by 5.6% in the third quarter. Victrix Investment Advisors now owns 11,507 shares of the home improvement retailer’s stock worth $4,663,000 after acquiring an additional 611 shares during the period. Donaldson Capital Management LLC grew its position in shares of Home Depot by 0.3% during the 3rd quarter. Donaldson Capital Management LLC now owns 196,998 shares of the home improvement retailer’s stock valued at $79,822,000 after acquiring an additional 591 shares during the period. Lee Financial Co increased its stake in shares of Home Depot by 3.8% in the 3rd quarter. Lee Financial Co now owns 6,690 shares of the home improvement retailer’s stock valued at $2,711,000 after purchasing an additional 246 shares in the last quarter. CWS Financial Advisors LLC raised its holdings in Home Depot by 6.3% in the 3rd quarter. CWS Financial Advisors LLC now owns 3,111 shares of the home improvement retailer’s stock worth $1,260,000 after purchasing an additional 184 shares during the period. Finally, Trinity Legacy Partners LLC boosted its position in Home Depot by 2.9% during the third quarter. Trinity Legacy Partners LLC now owns 11,765 shares of the home improvement retailer’s stock worth $4,466,000 after purchasing an additional 331 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on HD. Robert W. Baird cut their price objective on Home Depot from $450.00 to $415.00 and set an “outperform” rating for the company in a research report on Wednesday, November 19th. Evercore ISI cut their price target on shares of Home Depot from $450.00 to $425.00 and set an “outperform” rating for the company in a report on Wednesday, November 19th. HSBC decreased 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. DZ Bank reissued a “sell” rating on shares of Home Depot in a research note on Tuesday, November 18th. Finally, Bank of America reduced their price target on shares of Home Depot from $450.00 to $430.00 and set a “buy” rating for the company in a research report on Wednesday, November 19th. Twenty-one research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $404.50.

Home Depot Stock Performance

HD opened at $374.33 on Friday. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $426.75. The firm has a market capitalization of $372.65 billion, a PE ratio of 25.52, a PEG ratio of 13.86 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’s 50-day moving average price is $359.69 and its 200 day moving average price is $378.84.

Home Depot (NYSE:HD) last released its earnings results 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). The business 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 company’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period last year, the business earned $3.78 earnings per share. 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 Dividend Announcement

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 2.5%. The ex-dividend date was Thursday, December 4th. Home Depot’s dividend payout ratio is presently 62.71%.

Insider Buying and Selling at Home Depot

In related news, EVP Ann Marie Campbell sold 145 shares of the firm’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $358.26, for a total transaction of $51,947.70. Following the completion of the sale, the executive vice president directly owned 12,320 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Angie Brown sold 1,946 shares of Home Depot 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 in the company, valued at $1,409,419.83. This trade represents a 33.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 4,963 shares of company stock worth $1,748,845 in the last three months. 0.10% of the stock is owned by corporate insiders.

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.