Carson Advisory Inc. Acquires 23,701 Shares of The Home Depot, Inc. $HD

Carson Advisory Inc. increased its stake in shares of The Home Depot, Inc. (NYSE:HD) by 363.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,215 shares of the home improvement retailer’s stock after purchasing an additional 23,701 shares during the period. Home Depot accounts for about 6.6% of Carson Advisory Inc.’s holdings, making the stock its biggest position. Carson Advisory Inc.’s holdings in Home Depot were worth $12,243,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of HD. Centerpoint Advisory Group increased its position in Home Depot by 0.8% during the 2nd quarter. Centerpoint Advisory Group now owns 3,163 shares of the home improvement retailer’s stock worth $1,160,000 after purchasing an additional 26 shares in the last quarter. Disciplined Investors L.L.C. grew its holdings in shares of Home Depot by 2.3% during the second quarter. Disciplined Investors L.L.C. now owns 1,178 shares of the home improvement retailer’s stock worth $432,000 after buying an additional 26 shares in the last quarter. Brio Consultants LLC grew its holdings in shares of Home Depot by 4.7% during the second quarter. Brio Consultants LLC now owns 574 shares of the home improvement retailer’s stock worth $210,000 after buying an additional 26 shares in the last quarter. Emprise Bank raised its position in shares of Home Depot by 0.8% in the third quarter. Emprise Bank now owns 3,135 shares of the home improvement retailer’s stock valued at $1,270,000 after buying an additional 26 shares during the last quarter. Finally, Stegent Equity Advisors Inc. lifted its stake in shares of Home Depot by 2.7% during the third quarter. Stegent Equity Advisors Inc. now owns 1,006 shares of the home improvement retailer’s stock valued at $408,000 after buying an additional 26 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Activity at Home Depot

In related news, EVP Angie Brown sold 1,946 shares of Home Depot stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $357.63, for a total value of $695,947.98. Following the sale, the executive vice president directly owned 3,941 shares in the company, valued at $1,409,419.83. This trade represents a 33.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 2,872 shares of the business’s stock in a transaction dated Friday, December 26th. The shares were sold at an average price of $348.52, for a total transaction of $1,000,949.44. Following the transaction, the executive vice president directly owned 13,196 shares of the company’s stock, valued at $4,599,069.92. The trade was a 17.87% 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 worth $1,748,845 in the last 90 days. 0.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on HD. Piper Sandler lowered their target price on shares of Home Depot from $450.00 to $441.00 and set an “overweight” rating for the company in a research note on Wednesday, December 10th. Truist Financial set a $405.00 price objective on shares of Home Depot in a report on Friday, January 16th. Gordon Haskett upped their price target on Home Depot from $330.00 to $370.00 and gave the stock a “hold” rating in a research note on Wednesday. Daiwa Securities Group raised their price objective on Home Depot from $348.00 to $360.00 and gave the stock a “neutral” rating in a report on Tuesday, December 16th. Finally, Wall Street Zen lowered shares of Home Depot from a “hold” rating to a “sell” rating in a report on Friday, November 28th. Twenty-one research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $407.23.

Home Depot Stock Performance

Home Depot stock opened at $391.03 on Friday. The firm has a market capitalization of $389.27 billion, a PE ratio of 26.65, a price-to-earnings-growth ratio of 13.94 and a beta of 1.08. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $426.75. The stock’s 50 day moving average price is $366.16 and its 200 day moving average price is $379.98. 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 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 analysts’ expectations 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 quarter in the prior year, the business earned $3.78 EPS. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. As a group, sell-side analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently declared 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 of this dividend was Thursday, December 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.4%. Home Depot’s dividend payout ratio (DPR) is 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.