The Home Depot, Inc. $HD Stock Holdings Increased by Sage Mountain Advisors LLC

Sage Mountain Advisors LLC boosted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 24.1% during the third quarter, HoldingsChannel.com reports. The firm owned 12,252 shares of the home improvement retailer’s stock after acquiring an additional 2,380 shares during the period. Sage Mountain Advisors LLC’s holdings in Home Depot were worth $4,964,000 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 HD. Legend Financial Advisors Inc. purchased a new stake in shares of Home Depot during the second quarter worth $28,000. Sagard Holdings Management Inc. acquired a new position in Home Depot in the 2nd quarter worth about $29,000. LFA Lugano Financial Advisors SA purchased a new stake in shares of Home Depot during the 2nd quarter worth about $32,000. Legacy Investment Solutions LLC purchased a new stake in shares of Home Depot during the 2nd quarter worth about $35,000. Finally, Dougherty Wealth Advisers LLC acquired a new stake in shares of Home Depot during the 3rd quarter valued at about $38,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

Shares of NYSE HD opened at $373.94 on Tuesday. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $426.75. The company has a market cap of $372.26 billion, a P/E ratio of 25.93, a P/E/G ratio of 14.16 and a beta of 1.08. The business’s 50 day moving average is $355.04 and its two-hundred day moving average is $378.25. The company has a quick ratio of 0.29, a current ratio of 1.05 and a debt-to-equity ratio of 3.82.

Home Depot (NYSE:HD) last announced its quarterly earnings data 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). The company had revenue of $41.35 billion during the quarter, compared to analyst estimates 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 was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.78 EPS. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. On average, equities analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Investors 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 dividend on an annualized basis and a yield of 2.5%. Home Depot’s dividend payout ratio (DPR) is 62.71%.

Analysts Set New Price Targets

A number of analysts have issued reports on HD shares. HSBC reduced their target price on shares of Home Depot from $445.00 to $400.00 and set a “hold” rating for the company in a research note on Wednesday, November 19th. Cowen restated a “buy” rating on shares of Home Depot in a report on Tuesday. DZ Bank reiterated a “sell” rating on shares of Home Depot in a research note on Tuesday, November 18th. KGI Securities downgraded Home Depot from an “outperform” rating to a “hold” rating and set a $320.00 price objective on the stock. in a research note on Wednesday, November 19th. Finally, Piper Sandler decreased their target price on Home Depot from $450.00 to $441.00 and set an “overweight” rating for the company in a research report on Wednesday, December 10th. Twenty-two 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $403.17.

Insider Buying and Selling

In other news, 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 transaction of $51,947.70. Following the sale, the executive vice president directly owned 12,320 shares in the company, valued at approximately $4,413,763.20. The trade was a 1.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 value of $1,000,949.44. Following the completion of the transaction, the executive vice president directly owned 13,196 shares of the company’s stock, valued at approximately $4,599,069.92. This trade represents a 17.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 4,963 shares of company stock valued at $1,748,845 over the last three months. 0.10% of the stock is owned by corporate insiders.

Home Depot 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.