Delta Financial Advisors LLC Purchases 4,008 Shares of The Home Depot, Inc. $HD

Delta Financial Advisors LLC raised its stake in The Home Depot, Inc. (NYSE:HD) by 167.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,408 shares of the home improvement retailer’s stock after purchasing an additional 4,008 shares during the period. Delta Financial Advisors LLC’s holdings in Home Depot were worth $2,596,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Home Depot by 1.5% in the second quarter. Vanguard Group Inc. now owns 97,978,814 shares of the home improvement retailer’s stock valued at $35,922,952,000 after buying an additional 1,494,615 shares in the last quarter. State Street Corp lifted its stake in Home Depot by 0.7% during the 2nd quarter. State Street Corp now owns 46,015,836 shares of the home improvement retailer’s stock worth $16,871,246,000 after acquiring an additional 300,352 shares in the last quarter. Geode Capital Management LLC increased its holdings in Home Depot by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 22,978,809 shares of the home improvement retailer’s stock worth $8,394,611,000 after purchasing an additional 327,674 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Home Depot by 1.1% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 14,568,860 shares of the home improvement retailer’s stock worth $5,341,724,000 after acquiring an additional 153,582 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Home Depot during the second quarter worth about $4,885,603,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 2,872 shares of the 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 directly owned 13,196 shares in the company, valued at approximately $4,599,069.92. This trade represents a 17.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ann Marie Campbell sold 145 shares of Home Depot stock in a transaction that occurred 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 sale, the executive vice president owned 12,320 shares of the company’s stock, valued at approximately $4,413,763.20. This represents a 1.16% 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 valued at $1,748,845 over the last quarter. 0.10% of the stock is owned by company insiders.

Home Depot Price Performance

Shares of NYSE:HD opened at $383.63 on Friday. The stock’s 50 day moving average price is $356.03 and its 200 day moving average price is $378.45. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $426.75. The stock has a market cap of $381.91 billion, a price-to-earnings ratio of 26.15, a PEG ratio of 14.20 and a beta of 1.08. The company has a debt-to-equity ratio of 3.82, a current ratio of 1.05 and a quick ratio of 0.29.

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 the consensus estimate of $3.83 by ($0.09). The company had revenue of $41.35 billion for 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 quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.78 EPS. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. Equities research analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Shareholders 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 yield of 2.4%. Home Depot’s dividend payout ratio is 62.71%.

Wall Street Analysts Forecast Growth

HD has been the subject of a number of recent analyst reports. Jefferies Financial Group restated a “buy” rating and issued a $424.00 price objective on shares of Home Depot in a research report on Wednesday, December 10th. Royal Bank Of Canada lowered their price target on shares of Home Depot from $376.00 to $366.00 and set a “sector perform” rating on the stock in a research report on Wednesday, December 10th. Piper Sandler reduced their target price on shares of Home Depot from $450.00 to $441.00 and set an “overweight” rating on the stock in a report on Wednesday, December 10th. Stifel Nicolaus decreased their price target on Home Depot from $370.00 to $350.00 and set a “hold” rating on the stock in a research note on Monday, December 1st. Finally, Robert W. Baird dropped their price objective on Home Depot from $450.00 to $415.00 and set an “outperform” rating for the company in a report on Wednesday, November 19th. Twenty-one equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and a consensus target price of $404.50.

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.