3,252 Shares in The Home Depot, Inc. $HD Purchased by North Dallas Bank & Trust Co.

North Dallas Bank & Trust Co. acquired a new position in The Home Depot, Inc. (NYSE:HD) in the second quarter, Holdings Channel reports. The fund acquired 3,252 shares of the home improvement retailer’s stock, valued at approximately $1,192,000.

Other hedge funds have also recently modified their holdings of the company. Legend Financial Advisors Inc. purchased a new stake in shares of Home Depot during the second quarter valued at approximately $28,000. Sagard Holdings Management Inc. bought a new position in Home Depot in the 2nd quarter valued at $29,000. LFA Lugano Financial Advisors SA purchased a new stake in shares of Home Depot during the 2nd quarter valued at $32,000. Legacy Investment Solutions LLC bought a new stake in shares of Home Depot during the 2nd quarter worth $35,000. Finally, Delos Wealth Advisors LLC bought a new stake in shares of Home Depot during the 2nd quarter worth $39,000. Institutional investors own 70.86% of the company’s stock.

Insider Activity

In other news, EVP Ann Marie Campbell sold 145 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The shares were 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 in the company, valued at approximately $4,413,763.20. This trade represents a 1.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.10% of the company’s stock.

Home Depot Trading Up 0.6%

NYSE:HD opened at $359.52 on Friday. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $426.75. The stock’s fifty day moving average price is $368.34 and its two-hundred day moving average price is $379.29. The company has a debt-to-equity ratio of 3.82, a current ratio of 1.05 and a quick ratio of 0.29. The company has a market cap of $357.90 billion, a P/E ratio of 24.51, a P/E/G ratio of 13.40 and a beta of 1.06.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share for the quarter, missing the consensus estimate of $3.83 by ($0.09). The company had revenue of $41.35 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 2.8% compared to the same quarter last year. During the same quarter last year, the firm posted $3.78 earnings per share. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. As a group, analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

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

Analysts Set New Price Targets

Several research firms recently weighed in on HD. Robert W. Baird reduced their price target on shares of Home Depot from $450.00 to $415.00 and set an “outperform” rating for the company in a research report on Wednesday, November 19th. Weiss Ratings reissued a “hold (c+)” rating on shares of Home Depot in a research report on Monday, December 8th. Telsey Advisory Group lowered their price target on shares of Home Depot from $430.00 to $410.00 and set an “outperform” rating on the stock in a report on Wednesday. DA Davidson reduced their price objective on Home Depot from $430.00 to $407.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Oppenheimer lowered their target price on Home Depot from $420.00 to $405.00 and set a “market perform” rating on the stock in a research note on Friday, December 5th. Twenty-one equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus target price of $401.17.

Home Depot 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.