White Pine Capital LLC Boosts Stock Holdings in The Home Depot, Inc. $HD

White Pine Capital LLC boosted its stake in The Home Depot, Inc. (NYSE:HD) by 27.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,548 shares of the home improvement retailer’s stock after purchasing an additional 329 shares during the quarter. White Pine Capital LLC’s holdings in Home Depot were worth $568,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in HD. Nuveen LLC purchased a new stake in shares of Home Depot in the first quarter worth about $2,076,592,000. Valeo Financial Advisors LLC grew its holdings in Home Depot by 16,746.9% during the 2nd quarter. Valeo Financial Advisors LLC now owns 4,537,880 shares of the home improvement retailer’s stock valued at $1,663,768,000 after buying an additional 4,510,944 shares in the last quarter. Vanguard Group Inc. increased its stake in Home Depot by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 97,978,814 shares of the home improvement retailer’s stock worth $35,922,952,000 after acquiring an additional 1,494,615 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Home Depot by 19.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,253,292 shares of the home improvement retailer’s stock worth $3,391,240,000 after acquiring an additional 1,494,261 shares in the last quarter. Finally, Kingstone Capital Partners Texas LLC bought a new position in shares of Home Depot during the 2nd quarter valued at approximately $418,486,000. Institutional investors own 70.86% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on HD shares. Gordon Haskett reduced their price target on shares of Home Depot from $400.00 to $345.00 in a research report on Monday, November 10th. Wells Fargo & Company dropped their price objective on shares of Home Depot from $435.00 to $400.00 and set an “overweight” rating for the company in a research note on Wednesday. DA Davidson set a $430.00 target price on shares of Home Depot in a report on Wednesday. Oppenheimer upped their target price on shares of Home Depot from $400.00 to $420.00 and gave the company a “market perform” rating in a research report on Thursday, September 25th. Finally, Wolfe Research began coverage on Home Depot in a research report on Thursday, September 18th. They issued an “outperform” rating and a $497.00 price target for the company. Twenty-one investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $410.36.

Home Depot Trading Down 0.6%

Shares of HD opened at $332.50 on Friday. The company’s fifty day simple moving average is $386.94 and its 200-day simple moving average is $381.13. The company has a market cap of $330.97 billion, a P/E ratio of 22.59, a P/E/G ratio of 3.59 and a beta of 1.00. The company has a current ratio of 1.15, a quick ratio of 0.34 and a debt-to-equity ratio of 4.31. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 EPS for the quarter, missing the consensus estimate of $3.83 by ($0.09). Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The firm had revenue of $41.35 billion for the quarter, compared to the consensus estimate of $41.06 billion. During the same quarter in the previous year, the company posted $3.78 earnings per share. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. As a group, analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be paid a dividend of $2.30 per share. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.8%. Home Depot’s dividend payout ratio is currently 62.71%.

Insider Buying and Selling at Home Depot

In related news, EVP William D. Bastek sold 2,303 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $423.12, for a total transaction of $974,445.36. Following the completion of the sale, the executive vice president directly owned 24,235 shares of the company’s stock, valued at approximately $10,254,313.20. This trade represents a 8.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.10% of the company’s stock.

About Home Depot

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.