Little House Capital LLC Has $3.47 Million Holdings in The Home Depot, Inc. $HD

Little House Capital LLC raised its holdings in The Home Depot, Inc. (NYSE:HD) by 23.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,564 shares of the home improvement retailer’s stock after acquiring an additional 1,605 shares during the period. Little House Capital LLC’s holdings in Home Depot were worth $3,470,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Sagard Holdings Management Inc. bought a new stake in shares of Home Depot during the 2nd quarter valued at approximately $29,000. LFA Lugano Financial Advisors SA acquired a new stake in Home Depot in the second quarter valued at approximately $32,000. Dougherty Wealth Advisers LLC acquired a new stake in Home Depot in the third quarter valued at approximately $38,000. Marquette Asset Management LLC bought a new stake in shares of Home Depot during the third quarter worth $38,000. Finally, Legacy Investment Solutions LLC acquired a new position in shares of Home Depot during the second quarter worth $35,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

HD has been the topic of several recent research reports. Bank of America cut their price objective on Home Depot from $450.00 to $430.00 and set a “buy” rating on the stock in a report on Wednesday, November 19th. The Goldman Sachs Group reiterated a “buy” rating and issued a $413.00 target price on shares of Home Depot in a research report on Wednesday, December 10th. DZ Bank reiterated a “sell” rating on shares of Home Depot in a research report on Tuesday, November 18th. Telsey Advisory Group reduced their price target on Home Depot from $430.00 to $410.00 and set an “outperform” rating on the stock in a report on Wednesday, December 10th. Finally, Wolfe Research upped their price objective on Home Depot from $414.00 to $415.00 and gave the company an “outperform” rating in a research note on Monday, December 22nd. Twenty-one research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $404.50.

Insider Activity at Home Depot

In other Home Depot news, EVP Angie Brown sold 1,946 shares of the company’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $357.63, for a total transaction of $695,947.98. Following the sale, the executive vice president owned 3,941 shares of the company’s stock, valued at approximately $1,409,419.83. This represents a 33.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 2,872 shares of the stock in a transaction dated 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 sale, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 4,963 shares of company stock worth $1,748,845 over the last quarter. Company insiders own 0.10% of the company’s stock.

Home Depot Trading Down 1.6%

Shares of HD stock opened at $380.48 on Wednesday. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $426.75. The company has a current ratio of 1.05, a quick ratio of 0.29 and a debt-to-equity ratio of 3.82. The stock has a market cap of $378.77 billion, a price-to-earnings ratio of 25.94, a PEG ratio of 14.41 and a beta of 1.08. The stock has a 50-day moving average of $357.47 and a 200-day moving average of $378.75.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, November 18th. The home improvement retailer reported $3.74 EPS for the quarter, missing analysts’ consensus estimates 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%.Home Depot’s revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.78 earnings per share. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. On average, equities research analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share 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 issued a $2.30 dividend. The ex-dividend date was Thursday, December 4th. This represents a $9.20 annualized dividend and a yield of 2.4%. Home Depot’s payout ratio is presently 62.71%.

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.