Lee Danner & Bass Inc. Has $10.55 Million Holdings in The Home Depot, Inc. $HD

Lee Danner & Bass Inc. cut its stake in The Home Depot, Inc. (NYSE:HD) by 6.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,028 shares of the home improvement retailer’s stock after selling 1,723 shares during the period. Lee Danner & Bass Inc.’s holdings in Home Depot were worth $10,546,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Legend Financial Advisors Inc. acquired a new stake in Home Depot during the second quarter worth about $28,000. Sagard Holdings Management Inc. bought a new stake in shares of Home Depot in the 2nd quarter worth approximately $29,000. LFA Lugano Financial Advisors SA bought a new stake in shares of Home Depot in the 2nd quarter worth approximately $32,000. Legacy Investment Solutions LLC acquired a new stake in shares of Home Depot during the 2nd quarter worth approximately $35,000. Finally, Dougherty Wealth Advisers LLC bought a new stake in shares of Home Depot during the third quarter valued at approximately $38,000. Institutional investors own 70.86% of the company’s stock.

Insider Activity at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 2,872 shares of the business’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 transaction, the executive vice president owned 13,196 shares of the company’s stock, valued at approximately $4,599,069.92. The trade was a 17.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Ann Marie Campbell sold 145 shares of the firm’s stock in a transaction on Thursday, December 11th. The shares were 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 approximately $4,413,763.20. This trade represents a 1.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 4,963 shares of company stock valued at $1,748,845 in the last three months. Corporate insiders own 0.10% of the company’s stock.

Home Depot Trading Up 0.3%

Shares of Home Depot stock opened at $380.34 on Tuesday. The stock has a market capitalization of $378.63 billion, a P/E ratio of 25.93, a price-to-earnings-growth ratio of 14.16 and a beta of 1.08. The company has a quick ratio of 0.29, a current ratio of 1.05 and a debt-to-equity ratio of 3.82. The company has a 50-day simple moving average of $355.04 and a 200 day simple moving average of $378.25. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $426.75.

Home Depot (NYSE:HD) last announced its quarterly earnings results 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 firm had revenue of $41.35 billion for the quarter, compared to the consensus estimate of $41.06 billion. Home Depot had a net margin of 8.77% and a return on equity of 160.74%. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the prior year, the business earned $3.78 earnings per share. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. Research analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm also recently declared 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 was Thursday, December 4th. This represents a $9.20 dividend on an annualized basis and a yield of 2.4%. Home Depot’s dividend payout ratio is 62.71%.

Analyst Ratings Changes

Several brokerages recently commented on HD. Piper Sandler reduced 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. Wolfe Research increased their price objective on shares of Home Depot from $414.00 to $415.00 and gave the company an “outperform” rating in a research note on Monday, December 22nd. Gordon Haskett reduced 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. Zacks Research cut shares of Home Depot from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 27th. Finally, DZ Bank reissued a “sell” rating on shares of Home Depot in a research report on Tuesday, November 18th. Twenty-one investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $403.17.

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.