L.M. Kohn & Company Sells 7,039 Shares of The Home Depot, Inc. $HD

L.M. Kohn & Company trimmed its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 86.0% in the third quarter, HoldingsChannel.com reports. The fund owned 1,149 shares of the home improvement retailer’s stock after selling 7,039 shares during the period. L.M. Kohn & Company’s holdings in Home Depot were worth $466,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of HD. Sagard Holdings Management Inc. purchased a new position in Home Depot in the second quarter valued at about $29,000. LFA Lugano Financial Advisors SA purchased a new stake in shares of Home Depot during the 2nd quarter worth approximately $32,000. Legacy Investment Solutions LLC bought a new stake in shares of Home Depot in the 2nd quarter worth approximately $35,000. Dougherty Wealth Advisers LLC bought a new stake in shares of Home Depot in the 3rd quarter worth approximately $38,000. Finally, Marquette Asset Management LLC purchased a new position in Home Depot in the third quarter valued at approximately $38,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on HD shares. Royal Bank Of Canada decreased their target price on Home Depot from $376.00 to $366.00 and set a “sector perform” rating for the company in a research report on Wednesday, December 10th. Truist Financial set a $405.00 price target on Home Depot in a research note on Friday, January 16th. Wells Fargo & Company decreased their price objective on Home Depot from $400.00 to $395.00 and set an “overweight” rating for the company in a report on Wednesday, December 10th. Piper Sandler dropped their price objective 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. Finally, Daiwa Capital Markets increased their target price on shares of Home Depot from $348.00 to $360.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 16th. Twenty-one equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and an average target price of $404.50.

Home Depot Stock Up 0.7%

HD stock opened at $374.33 on Friday. The stock has a 50-day simple moving average of $359.69 and a two-hundred day simple moving average of $378.70. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $426.75. The firm has a market capitalization of $372.65 billion, a PE ratio of 25.52, a PEG ratio of 13.86 and a beta of 1.08. The company has a quick ratio of 0.29, a current ratio of 1.05 and a debt-to-equity ratio of 3.82.

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). The firm had revenue of $41.35 billion during the quarter, compared to the consensus estimate of $41.06 billion. Home Depot had a net margin of 8.77% and a return on equity of 160.74%. Home Depot’s revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the business posted $3.78 earnings per share. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. On average, equities analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Stockholders 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 2.5%. Home Depot’s dividend payout ratio is presently 62.71%.

Insider Buying and Selling

In other Home Depot news, EVP Teresa Wynn Roseborough sold 2,872 shares of the company’s 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 transaction, the executive vice president directly owned 13,196 shares in the company, valued at $4,599,069.92. This 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 this hyperlink. Also, 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 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 position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 4,963 shares of company stock worth $1,748,845. Corporate insiders own 0.10% of the company’s stock.

About Home Depot

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.