Tiemann Investment Advisors LLC Reduces Stock Position in The Home Depot, Inc. $HD

Tiemann Investment Advisors LLC lowered its position in The Home Depot, Inc. (NYSE:HD) by 2.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,746 shares of the home improvement retailer’s stock after selling 75 shares during the period. Tiemann Investment Advisors LLC’s holdings in Home Depot were worth $1,007,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. Financial Gravity Asset Management Inc. acquired a new stake in Home Depot during the 1st quarter worth about $406,000. Wealth Management Partners LLC grew its holdings in Home Depot by 0.6% during the first quarter. Wealth Management Partners LLC now owns 6,506 shares of the home improvement retailer’s stock worth $2,384,000 after acquiring an additional 36 shares during the period. Arbor Capital Management Inc. ADV raised its position in Home Depot by 4.8% during the first quarter. Arbor Capital Management Inc. ADV now owns 4,784 shares of the home improvement retailer’s stock valued at $1,757,000 after acquiring an additional 221 shares in the last quarter. ARS Wealth Advisors Group LLC lifted its holdings in Home Depot by 0.8% in the first quarter. ARS Wealth Advisors Group LLC now owns 31,728 shares of the home improvement retailer’s stock valued at $11,628,000 after acquiring an additional 239 shares during the period. Finally, Tabor Asset Management LP purchased a new stake in Home Depot in the 1st quarter worth approximately $5,886,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Stock Down 1.3%

NYSE HD opened at $402.0330 on Thursday. The business has a fifty day moving average price of $372.65 and a 200 day moving average price of $371.64. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.28 and a current ratio of 1.15. The company has a market cap of $399.99 billion, a P/E ratio of 27.31, a P/E/G ratio of 3.87 and a beta of 1.00. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $439.37.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.69 by ($0.01). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The business had revenue of $45.28 billion for the quarter, compared to analyst estimates of $45.43 billion. During the same period last year, the firm earned $4.60 EPS. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Research analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HD. DA Davidson reaffirmed a “buy” rating and set a $450.00 target price on shares of Home Depot in a report on Tuesday. Guggenheim restated a “buy” rating and set a $450.00 price target on shares of Home Depot in a research report on Wednesday, May 21st. Wells Fargo & Company lifted their price objective on shares of Home Depot from $420.00 to $450.00 and gave the company an “overweight” rating in a report on Wednesday. TD Securities lowered shares of Home Depot to a “buy” rating in a research note on Monday, June 2nd. Finally, Royal Bank Of Canada cut their price target on Home Depot from $424.00 to $399.00 and set a “sector perform” rating for the company in a research note on Thursday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $432.52.

Insider Transactions at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,406 shares of the stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $369.28, for a total value of $1,996,327.68. Following the completion of the sale, the executive vice president owned 17,367 shares in the company, valued at approximately $6,413,285.76. This represents a 23.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Home Depot Company Profile

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.