Tactive Advisors LLC Buys New Holdings in The Home Depot, Inc. $HD

Tactive Advisors LLC purchased a new position in shares of The Home Depot, Inc. (NYSE:HD) in the 2nd quarter, Holdings Channel.com reports. The fund purchased 1,867 shares of the home improvement retailer’s stock, valued at approximately $685,000.

A number of other large investors also recently modified their holdings of HD. Geneos Wealth Management Inc. lifted its stake in shares of Home Depot by 70.3% in the 2nd quarter. Geneos Wealth Management Inc. now owns 42,702 shares of the home improvement retailer’s stock valued at $15,656,000 after purchasing an additional 17,624 shares in the last quarter. Kestra Investment Management LLC raised its holdings in Home Depot by 8.9% in the second quarter. Kestra Investment Management LLC now owns 3,245 shares of the home improvement retailer’s stock valued at $1,190,000 after buying an additional 265 shares during the period. KP Management LLC lifted its position in Home Depot by 130.0% during the second quarter. KP Management LLC now owns 11,500 shares of the home improvement retailer’s stock valued at $4,216,000 after buying an additional 6,500 shares in the last quarter. Wellington Capital Management Inc. acquired a new position in Home Depot during the second quarter valued at approximately $1,758,000. Finally, Rexford Capital Inc. purchased a new stake in Home Depot during the second quarter worth approximately $999,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on HD shares. Gordon Haskett cut their target price on shares of Home Depot from $345.00 to $330.00 and set a “hold” rating on the stock in a research note on Wednesday, November 19th. Jefferies Financial Group reiterated a “buy” rating and issued a $424.00 price target on shares of Home Depot in a report on Wednesday. BNP Paribas Exane boosted their price objective on Home Depot from $353.00 to $355.00 and gave the stock a “neutral” rating in a research note on Friday, December 5th. Citigroup decreased their target price on Home Depot from $422.00 to $407.00 and set a “buy” rating for the company in a research report on Friday, November 21st. Finally, Evercore ISI lowered their target price on Home Depot from $450.00 to $425.00 and set an “outperform” rating for the company in a research note on Wednesday, November 19th. Twenty-one 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 MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $401.17.

Insider Buying and Selling

In other Home Depot news, EVP Ann Marie Campbell sold 145 shares of the firm’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $358.26, for a total transaction 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 $4,413,763.20. This trade represents a 1.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.10% of the stock is owned by company insiders.

Home Depot Trading Up 0.6%

NYSE:HD opened at $359.52 on Friday. The stock has a market cap of $357.90 billion, a price-to-earnings ratio of 24.51, a price-to-earnings-growth ratio of 13.40 and a beta of 1.06. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $426.75. The company has a debt-to-equity ratio of 3.82, a quick ratio of 0.29 and a current ratio of 1.05. The business’s 50-day simple moving average is $368.34 and its 200 day simple moving average is $379.29.

Home Depot (NYSE:HD) last posted its quarterly earnings data 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). The business had revenue of $41.35 billion for the quarter, compared to analysts’ expectations of $41.06 billion. Home Depot had a return on equity of 160.74% and a net margin of 8.77%.Home Depot’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.78 earnings per share. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. As a group, 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 business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be paid a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Thursday, December 4th. Home Depot’s dividend payout ratio is 62.71%.

About Home Depot

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.