Independent Advisor Alliance Sells 2,286 Shares of The Home Depot, Inc. $HD

Independent Advisor Alliance decreased its stake in shares of The Home Depot, Inc. (NYSE:HD) by 2.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 107,395 shares of the home improvement retailer’s stock after selling 2,286 shares during the period. Home Depot accounts for about 1.1% of Independent Advisor Alliance’s investment portfolio, making the stock its 15th biggest holding. Independent Advisor Alliance’s holdings in Home Depot were worth $43,516,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Sagard Holdings Management Inc. acquired a new stake in Home Depot in the second quarter valued at approximately $29,000. LFA Lugano Financial Advisors SA bought a new position in shares of Home Depot in the second quarter valued at approximately $32,000. Legacy Investment Solutions LLC purchased a new position in shares of Home Depot during the second quarter valued at approximately $35,000. Dougherty Wealth Advisers LLC purchased a new position in shares of Home Depot during the third quarter valued at approximately $38,000. Finally, Marquette Asset Management LLC bought a new stake in Home Depot during the third quarter worth $38,000. Institutional investors own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

HD has been the topic of several recent analyst reports. BNP Paribas Exane raised their price objective on Home Depot from $353.00 to $355.00 and gave the company a “neutral” rating in a research note on Friday, December 5th. DA Davidson lowered their target price on shares of Home Depot from $430.00 to $407.00 and set a “buy” rating for the company in a report on Wednesday, December 10th. Wolfe Research boosted their price target on shares of Home Depot from $414.00 to $415.00 and gave the stock an “outperform” rating in a report on Monday, December 22nd. Bank of America reduced their price objective 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. Finally, DZ Bank reiterated a “sell” rating on shares of Home Depot in a research note on Tuesday, November 18th. Twenty-one 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. According to data from MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and an average target price of $404.50.

Home Depot Stock Performance

NYSE HD opened at $374.33 on Friday. The company has a market capitalization of $372.65 billion, a PE ratio of 25.52, a price-to-earnings-growth ratio of 13.86 and a beta of 1.08. The company has a debt-to-equity ratio of 3.82, a quick ratio of 0.29 and a current ratio of 1.05. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $426.75. The company has a 50-day simple moving average of $359.69 and a 200 day simple moving average of $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). Home Depot had a net margin of 8.77% and a return on equity of 160.74%. The company had revenue of $41.35 billion during the quarter, compared to analysts’ expectations of $41.06 billion. During the same quarter in the previous year, the firm earned $3.78 earnings per share. The firm’s revenue 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. On average, research analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th were given a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Thursday, December 4th. Home Depot’s dividend payout ratio (DPR) is currently 62.71%.

Insider Buying and Selling at Home Depot

In other news, EVP Ann Marie Campbell sold 145 shares of the company’s stock in a transaction 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 transaction, the executive vice president owned 12,320 shares of the company’s stock, valued at $4,413,763.20. This represents a 1.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Angie Brown sold 1,946 shares of the stock in a transaction on Friday, December 12th. The stock was sold at an average price of $357.63, for a total value of $695,947.98. Following the transaction, the executive vice president owned 3,941 shares of the company’s stock, valued at $1,409,419.83. The trade was a 33.06% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 4,963 shares of company stock worth $1,748,845 over the last ninety days. 0.10% of the stock is currently owned by company 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.