Lodestar Private Asset Management LLC Has $1.77 Million Stake in The Home Depot, Inc. $HD

Lodestar Private Asset Management LLC trimmed its holdings in The Home Depot, Inc. (NYSE:HD) by 4.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,831 shares of the home improvement retailer’s stock after selling 231 shares during the period. Lodestar Private Asset Management LLC’s holdings in Home Depot were worth $1,771,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in HD. Asset Planning Services Inc. LA ADV lifted its position in shares of Home Depot by 99,400.7% in the first quarter. Asset Planning Services Inc. LA ADV now owns 18,975,772 shares of the home improvement retailer’s stock valued at $6,954,431,000 after buying an additional 18,956,701 shares during the last quarter. Nuveen LLC bought a new position in shares of Home Depot during the first quarter worth approximately $2,076,592,000. Valeo Financial Advisors LLC increased its stake in shares of Home Depot by 16,746.9% during the second quarter. Valeo Financial Advisors LLC now owns 4,537,880 shares of the home improvement retailer’s stock worth $1,663,768,000 after purchasing an additional 4,510,944 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Home Depot by 19.3% during the first 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 purchasing an additional 1,494,261 shares during the period. Finally, Kingstone Capital Partners Texas LLC bought a new position in shares of Home Depot during the second quarter worth approximately $418,486,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

HD has been the topic of a number of recent research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Home Depot in a research note on Wednesday. Telsey Advisory Group reiterated an “outperform” rating and set a $455.00 target price on shares of Home Depot in a research note on Tuesday, August 19th. Oppenheimer raised their price objective on Home Depot from $400.00 to $420.00 and gave the stock a “market perform” rating in a research note on Thursday, September 25th. Wells Fargo & Company raised their price objective on Home Depot from $420.00 to $450.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 20th. Finally, JPMorgan Chase & Co. lowered their price objective on Home Depot from $460.00 to $452.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and a consensus price target of $435.42.

Insider Activity at Home Depot

In related news, EVP Teresa Wynn Roseborough sold 5,483 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $413.23, for a total transaction of $2,265,740.09. Following the sale, the executive vice president owned 16,057 shares of the company’s stock, valued at $6,635,234.11. This trade represents a 25.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Angie Brown sold 1,000 shares of the firm’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total value of $404,070.00. Following the sale, the executive vice president directly owned 3,837 shares in the company, valued at approximately $1,550,416.59. This trade represents a 20.67% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 48,835 shares of company stock worth $19,623,432 over the last 90 days. 0.10% of the stock is currently owned by company insiders.

Home Depot Trading Down 0.5%

Shares of HD opened at $375.86 on Friday. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37. The business’s fifty day moving average is $403.54 and its 200-day moving average is $377.20. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15. The firm has a market cap of $374.13 billion, a price-to-earnings ratio of 25.53, a PEG ratio of 3.56 and a beta of 1.00.

Home Depot (NYSE:HD) last issued its quarterly 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 net margin of 8.86% and a return on equity of 193.99%. The business had revenue of $45.28 billion during the quarter, compared to the consensus estimate of $45.43 billion. During the same quarter in the previous year, the business posted $4.60 EPS. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Equities analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were issued a dividend of $2.30 per share. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.4%. Home Depot’s dividend payout ratio (DPR) is 62.50%.

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.