Strengthening Families & Communities LLC Purchases 7,783 Shares of The Home Depot, Inc. $HD

Strengthening Families & Communities LLC grew its holdings in The Home Depot, Inc. (NYSE:HD) by 3,052.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,038 shares of the home improvement retailer’s stock after purchasing an additional 7,783 shares during the quarter. Strengthening Families & Communities LLC’s holdings in Home Depot were worth $3,257,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Sagard Holdings Management Inc. acquired a new stake in shares of Home Depot during the second quarter worth $29,000. LFA Lugano Financial Advisors SA acquired a new position in shares of Home Depot during the 2nd quarter worth about $32,000. Dougherty Wealth Advisers LLC bought a new stake in shares of Home Depot in the 3rd quarter valued at about $38,000. AXS Investments LLC acquired a new stake in shares of Home Depot in the 3rd quarter valued at approximately $38,000. Finally, Marquette Asset Management LLC bought a new position in Home Depot during the 3rd quarter worth approximately $38,000. 70.86% of the stock is owned by institutional investors.

Home Depot Stock Performance

HD opened at $378.27 on Tuesday. The company has a market capitalization of $376.57 billion, a price-to-earnings ratio of 25.78, a P/E/G ratio of 13.96 and a beta of 1.08. The business’s 50-day moving average price is $360.52 and its two-hundred day moving average price is $379.13. 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.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.09). The firm had revenue of $41.35 billion for the quarter, compared to the consensus estimate of $41.06 billion. Home Depot had a return on equity of 160.74% and a net margin of 8.77%.The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.78 earnings per share. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. Equities analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th were given 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 of this dividend was Thursday, December 4th. Home Depot’s payout ratio is currently 62.71%.

Wall Street Analyst Weigh In

Several brokerages have commented on HD. UBS Group set a $430.00 target price on shares of Home Depot in a research note on Wednesday, December 10th. HSBC lowered their price objective on shares of Home Depot from $445.00 to $400.00 and set a “hold” rating for the company in a research report on Wednesday, November 19th. Oppenheimer reduced their target price on Home Depot from $420.00 to $405.00 and set a “market perform” rating on the stock in a report on Friday, December 5th. Sanford C. Bernstein restated a “market perform” rating and issued a $362.00 price target on shares of Home Depot in a report on Monday, November 24th. Finally, JPMorgan Chase & Co. cut their price objective on Home Depot from $444.00 to $423.00 and set an “overweight” 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $404.50.

Insider Buying and Selling

In other Home Depot news, EVP Ann Marie Campbell sold 145 shares of the business’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 sale, the executive vice president directly 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 sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Teresa Wynn Roseborough sold 2,872 shares of the firm’s stock in a transaction dated Friday, December 26th. The shares were 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 owned 13,196 shares of the company’s stock, valued at $4,599,069.92. The trade was a 17.87% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 4,963 shares of company stock worth $1,748,845. 0.10% of the stock is owned by 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.