The Home Depot, Inc. $HD Shares Purchased by Patton Albertson Miller Group LLC

Patton Albertson Miller Group LLC raised its position in The Home Depot, Inc. (NYSE:HD) by 77.5% during the third quarter, Holdings Channel reports. The firm owned 33,389 shares of the home improvement retailer’s stock after buying an additional 14,573 shares during the quarter. Home Depot comprises 1.6% of Patton Albertson Miller Group LLC’s portfolio, making the stock its 13th largest holding. Patton Albertson Miller Group LLC’s holdings in Home Depot were worth $13,529,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Cloud Capital Management LLC acquired a new stake in shares of Home Depot in the third quarter valued at $87,000. AE Wealth Management LLC grew its position in Home Depot by 3.3% in the 3rd quarter. AE Wealth Management LLC now owns 128,916 shares of the home improvement retailer’s stock valued at $52,235,000 after acquiring an additional 4,175 shares in the last quarter. Archer Investment Corp increased its stake in Home Depot by 0.7% during the third quarter. Archer Investment Corp now owns 5,657 shares of the home improvement retailer’s stock worth $2,292,000 after purchasing an additional 42 shares during the period. LRI Investments LLC lifted its position in shares of Home Depot by 0.6% during the third quarter. LRI Investments LLC now owns 26,519 shares of the home improvement retailer’s stock worth $10,745,000 after purchasing an additional 168 shares in the last quarter. Finally, Private Wealth Asset Management LLC lifted its position in shares of Home Depot by 8.5% during the third quarter. Private Wealth Asset Management LLC now owns 13,909 shares of the home improvement retailer’s stock worth $5,636,000 after purchasing an additional 1,085 shares in the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Home Depot

In related news, EVP Teresa Wynn Roseborough sold 2,872 shares of Home Depot stock in a transaction on 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 sale, the executive vice president directly owned 13,196 shares in the company, valued at $4,599,069.92. This trade represents a 17.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Angie Brown sold 1,946 shares of the business’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 completion of the sale, the executive vice president directly owned 3,941 shares of the company’s stock, valued at approximately $1,409,419.83. This trade represents a 33.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 4,963 shares of company stock worth $1,748,845. 0.10% of the stock is currently owned by insiders.

Home Depot Stock Down 0.9%

Shares of NYSE HD opened at $371.91 on Friday. The business has a 50-day moving average of $359.07 and a two-hundred day moving average of $378.68. The company has a market capitalization of $370.24 billion, a price-to-earnings ratio of 25.35, a price-to-earnings-growth ratio of 13.99 and a beta of 1.08. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $426.75. 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 released 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). Home Depot had a net margin of 8.77% and a return on equity of 160.74%. The business had revenue of $41.35 billion during the quarter, compared to analysts’ expectations of $41.06 billion. During the same quarter in the previous year, the company posted $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, analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th were issued a dividend of $2.30 per share. The ex-dividend date of this dividend was Thursday, December 4th. This represents a $9.20 dividend on an annualized basis and a yield of 2.5%. Home Depot’s dividend payout ratio (DPR) is presently 62.71%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. UBS Group set a $430.00 target price on shares of Home Depot in a research note on Wednesday, December 10th. KGI Securities lowered Home Depot from an “outperform” rating to a “hold” rating and set a $320.00 price objective on the stock. in a research report on Wednesday, November 19th. Truist Financial set a $405.00 target price on Home Depot in a report on Friday, January 16th. BNP Paribas Exane upped their price target on Home Depot from $353.00 to $355.00 and gave the stock a “neutral” rating in a report on Friday, December 5th. Finally, DA Davidson reduced their price target on Home Depot from $430.00 to $407.00 and set a “buy” rating on the stock in a research report on Wednesday, December 10th. Twenty-one equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $404.50.

More Home Depot News

Here are the key news stories impacting Home Depot this week:

• Positive Sentiment: Management is cutting roughly 800 corporate roles as part of a reorganization intended to speed decision-making and redirect resources toward frontline stores—cost reductions could support margins and near-term EPS if savings are realized. Home Depot to cut 800 corporate jobs at its Atlanta store support center
• Positive Sentiment: Product placement: Home Depot will carry Back to the Roots’ 100% organic heirloom seed line across about 2,000 U.S. stores — a seasonal merchandising boost for the gardening category that can drive incremental traffic and sales in spring. Back to the Roots Expands Organic Heirloom Seed Line to The Home Depot Stores Nationwide
• Neutral Sentiment: Analysts remain mixed on Home Depot’s outlook; some see resilience in discretionary demand while others point to housing headwinds — mixed analyst views mean guidance and upcoming comps will likely drive short-term trading more than a unanimous thesis. Analysts Have Conflicting Sentiments on These Consumer Cyclical Companies: Home Depot (HD) and Starbucks (SBUX)
• Negative Sentiment: The scale of the cuts and an order for corporate employees to return to the office five days a week are being interpreted as management reacting to a slowdown (notably a frozen housing market). That raises concern about lower same-store sales and traffic ahead, which could pressure revenue and the stock until comps or guidance rebound. Home Depot Cuts 800 Workers, Orders Corporate Workers Back to Office Full Time

Home Depot Company 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.