BBR Partners LLC Has $2.63 Million Stake in The Home Depot, Inc. $HD

BBR Partners LLC lifted its position in The Home Depot, Inc. (NYSE:HD) by 38.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 7,177 shares of the home improvement retailer’s stock after purchasing an additional 1,992 shares during the quarter. BBR Partners LLC’s holdings in Home Depot were worth $2,631,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Mainstay Capital Management LLC ADV acquired a new position in Home Depot in the second quarter worth $263,000. WealthPlan Investment Management LLC bought a new position in shares of Home Depot in the second quarter valued at about $1,149,000. Tower View Wealth Management LLC lifted its position in shares of Home Depot by 4.3% during the second quarter. Tower View Wealth Management LLC now owns 16,196 shares of the home improvement retailer’s stock worth $5,938,000 after purchasing an additional 671 shares in the last quarter. Ransom Advisory Ltd acquired a new position in shares of Home Depot during the first quarter worth approximately $3,851,000. Finally, Shell Asset Management Co. grew its stake in shares of Home Depot by 45.2% during the second quarter. Shell Asset Management Co. now owns 48,175 shares of the home improvement retailer’s stock valued at $17,663,000 after purchasing an additional 15,002 shares during the last quarter. 70.86% of the stock is owned by institutional investors.

Insider Activity at Home Depot

In other news, EVP Ann Marie Campbell sold 145 shares of the firm’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $358.26, for a total value of $51,947.70. Following the completion of the transaction, the executive vice president owned 12,320 shares in the company, valued at $4,413,763.20. This trade represents a 1.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Home Depot Stock Up 0.6%

NYSE:HD opened at $359.52 on Friday. The stock has a 50-day simple moving average of $368.34 and a 200 day simple moving average of $379.23. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $426.75. The company has a market cap of $357.90 billion, a PE ratio of 24.51, a PEG ratio of 13.32 and a beta of 1.06. The company has a debt-to-equity ratio of 3.82, a quick ratio of 0.29 and a current ratio of 1.05.

Home Depot (NYSE:HD) last released its quarterly 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 return on equity of 160.74% and a net margin of 8.77%.The firm had revenue of $41.35 billion for the quarter, compared to analyst estimates of $41.06 billion. During the same period last year, the company earned $3.78 EPS. The company’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, sell-side 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 declared a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be given a dividend of $2.30 per share. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $9.20 annualized dividend and a yield of 2.6%. Home Depot’s payout ratio is 62.71%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on HD shares. Telsey Advisory Group reduced their price objective on Home Depot from $430.00 to $410.00 and set an “outperform” rating on the stock in a report on Wednesday. Bank of America decreased their price target on Home Depot from $450.00 to $430.00 and set a “buy” rating on the stock in a report on Wednesday, November 19th. Wells Fargo & Company cut their price objective on shares of Home Depot from $400.00 to $395.00 and set an “overweight” rating on the stock in a report on Wednesday. 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. Finally, Guggenheim cut their target price on Home Depot from $450.00 to $400.00 and set a “buy” rating on the stock in a research note on Thursday, November 20th. Twenty-one research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $401.17.

Home Depot Profile

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.