The Home Depot, Inc. $HD is NovaPoint Capital LLC’s 4th Largest Position

NovaPoint Capital LLC lifted its position in The Home Depot, Inc. (NYSE:HD) by 4.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,847 shares of the home improvement retailer’s stock after acquiring an additional 1,453 shares during the period. Home Depot accounts for 3.4% of NovaPoint Capital LLC’s holdings, making the stock its 4th largest position. NovaPoint Capital LLC’s holdings in Home Depot were worth $13,714,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of HD. Mainstay Capital Management LLC ADV bought a new position in shares of Home Depot in the second quarter worth $263,000. WealthPlan Investment Management LLC bought a new stake in Home Depot during the 2nd quarter worth approximately $1,149,000. Tower View Wealth Management LLC raised its position in shares of Home Depot by 4.3% in the second quarter. Tower View Wealth Management LLC now owns 16,196 shares of the home improvement retailer’s stock worth $5,938,000 after buying an additional 671 shares in the last quarter. Ransom Advisory Ltd bought a new stake in shares of Home Depot during the 1st quarter valued at about $3,851,000. Finally, Shell Asset Management Co. grew its stake in Home Depot by 45.2% in the 2nd quarter. Shell Asset Management Co. now owns 48,175 shares of the home improvement retailer’s stock worth $17,663,000 after buying an additional 15,002 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Price Performance

HD opened at $347.38 on Tuesday. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $426.75. The stock has a 50-day moving average price of $360.59 and a 200-day moving average price of $378.02. The firm has a market cap of $345.82 billion, a PE ratio of 23.68, a P/E/G ratio of 13.03 and a beta of 1.06. 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 issued its earnings results 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). Home Depot had a return on equity of 160.74% and a net margin of 8.77%.The firm had revenue of $41.35 billion during the quarter, compared to the consensus estimate of $41.06 billion. During the same quarter in the prior year, the company posted $3.78 EPS. The company’s quarterly revenue was up 2.8% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. Sell-side analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th were paid a $2.30 dividend. The ex-dividend date was Thursday, December 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.6%. Home Depot’s payout ratio is currently 62.71%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on HD shares. Weiss Ratings restated a “hold (c+)” rating on shares of Home Depot in a report on Monday, December 22nd. Jefferies Financial Group reiterated a “buy” rating and set a $424.00 price target on shares of Home Depot in a research report on Wednesday, December 10th. BNP Paribas Exane lifted their price target on Home Depot from $353.00 to $355.00 and gave the company a “neutral” rating in a research report on Friday, December 5th. Oppenheimer decreased their price objective on Home Depot from $420.00 to $405.00 and set a “market perform” rating for the company in a report on Friday, December 5th. Finally, Argus lowered their price objective on Home Depot from $450.00 to $425.00 and set a “buy” rating for the company in a research report on Thursday, November 20th. Twenty-one investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $402.10.

Insider Buying and Selling at Home Depot

In related news, EVP Angie Brown sold 1,946 shares of the stock in a transaction on Friday, December 12th. The stock was sold at an average price of $357.63, for a total transaction of $695,947.98. Following the sale, the executive vice president directly owned 3,941 shares of the company’s stock, valued at $1,409,419.83. This trade represents a 33.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Ann Marie Campbell sold 145 shares of the business’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $358.26, for a total value of $51,947.70. Following the completion of the transaction, the executive vice president directly owned 12,320 shares of the company’s stock, valued at approximately $4,413,763.20. This trade represents a 1.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.10% of the stock is owned by insiders.

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.