Western Financial Corp CA Has $253,000 Stock Holdings in The Home Depot, Inc. $HD

Western Financial Corp CA lowered its position in shares of The Home Depot, Inc. (NYSE:HD) by 74.6% in the third quarter, HoldingsChannel reports. The firm owned 625 shares of the home improvement retailer’s stock after selling 1,834 shares during the period. Western Financial Corp CA’s holdings in Home Depot were worth $253,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Saxony Capital Management LLC raised its stake in shares of Home Depot by 5.4% in the third quarter. Saxony Capital Management LLC now owns 1,355 shares of the home improvement retailer’s stock valued at $549,000 after acquiring an additional 70 shares during the last quarter. Community Financial Services Group LLC grew its holdings in shares of Home Depot by 2.5% during the third quarter. Community Financial Services Group LLC now owns 8,763 shares of the home improvement retailer’s stock worth $3,551,000 after purchasing an additional 217 shares during the last quarter. Christensen King & Associates Investment Services Inc. acquired a new stake in shares of Home Depot in the third quarter valued at $212,000. Global Retirement Partners LLC raised its holdings in shares of Home Depot by 3.4% in the third quarter. Global Retirement Partners LLC now owns 47,840 shares of the home improvement retailer’s stock valued at $19,384,000 after buying an additional 1,574 shares during the last quarter. Finally, Capital Advisors Inc. OK lifted its position in Home Depot by 24.3% during the 3rd quarter. Capital Advisors Inc. OK now owns 108,872 shares of the home improvement retailer’s stock worth $44,114,000 after buying an additional 21,276 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. KGI Securities cut shares of Home Depot from an “outperform” rating to a “hold” rating and set a $320.00 price objective for the company. in a research report on Wednesday, November 19th. Citigroup lowered their price target on shares of Home Depot from $422.00 to $407.00 and set a “buy” rating for the company in a report on Friday, November 21st. Stifel Nicolaus dropped their price objective on shares of Home Depot from $370.00 to $350.00 and set a “hold” rating for the company in a research report on Monday, December 1st. DZ Bank reiterated a “sell” rating on shares of Home Depot in a research report on Tuesday, November 18th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Home Depot in a research note on Monday, December 29th. Twenty-one equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and an average target price of $402.10.

Insider Activity at Home Depot

In related news, EVP Ann Marie Campbell sold 145 shares of Home Depot stock in a transaction that occurred 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 transaction, the executive vice president 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Angie Brown sold 1,946 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $357.63, for a total transaction of $695,947.98. Following the transaction, the executive vice president owned 3,941 shares of the company’s stock, valued at approximately $1,409,419.83. This represents a 33.06% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 4,963 shares of company stock worth $1,748,845 in the last ninety days. Company insiders own 0.10% of the company’s stock.

Home Depot Trading Down 0.5%

Shares of NYSE HD opened at $344.20 on Tuesday. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $426.75. The firm has a market capitalization of $342.65 billion, a P/E ratio of 23.46, a P/E/G ratio of 12.88 and a beta of 1.08. 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’s 50 day simple moving average is $356.34 and its 200 day simple moving average is $377.84.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 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 the consensus estimate of $41.06 billion. Home Depot had a net margin of 8.77% and a return on equity of 160.74%. The business’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.78 EPS. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. On average, analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The business 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 of this dividend was Thursday, December 4th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.7%. Home Depot’s dividend payout ratio is 62.71%.

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.