Wealth Enhancement Advisory Services LLC Buys 218,057 Shares of The Home Depot, Inc. $HD

Wealth Enhancement Advisory Services LLC boosted its stake in The Home Depot, Inc. (NYSE:HDFree Report) by 34.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 846,767 shares of the home improvement retailer’s stock after acquiring an additional 218,057 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Home Depot were worth $327,528,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Legend Financial Advisors Inc. bought a new position in Home Depot during the second quarter valued at $28,000. Sagard Holdings Management Inc. bought a new stake in shares of Home Depot in the second quarter valued at $29,000. LFA Lugano Financial Advisors SA bought a new stake in shares of Home Depot in the second quarter valued at $32,000. Legacy Investment Solutions LLC purchased a new position in shares of Home Depot during the 2nd quarter valued at $35,000. Finally, Dougherty Wealth Advisers LLC bought a new position in shares of Home Depot during the 3rd quarter worth $38,000. 70.86% of the stock is owned by institutional investors.

Home Depot Stock Up 0.3%

Shares of NYSE:HD opened at $380.34 on Monday. The firm has a fifty day moving average price of $354.83 and a two-hundred day moving average price of $378.18. The company has a market cap of $378.63 billion, a price-to-earnings ratio of 25.93, a PEG ratio of 14.16 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 Home Depot, Inc. has a one year low of $326.31 and a one year high of $426.75.

Home Depot (NYSE:HDGet Free Report) last issued its quarterly earnings data on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.09). Home Depot had a return on equity of 160.74% and a net margin of 8.77%.The business had revenue of $41.35 billion during the quarter, compared to analysts’ expectations of $41.06 billion. During the same quarter last year, the business posted $3.78 EPS. The company’s quarterly revenue was up 2.8% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. Analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Thursday, December 4th were given a $2.30 dividend. This represents a $9.20 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Thursday, December 4th. Home Depot’s dividend payout ratio is 62.71%.

More Home Depot News

Here are the key news stories impacting Home Depot this week:

Insider Activity at Home Depot

In other Home Depot 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 completion of the sale, the executive vice president directly owned 12,320 shares in the company, valued at $4,413,763.20. The trade was a 1.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Angie Brown sold 1,946 shares of the stock in a transaction on Friday, December 12th. The stock was sold at an average price of $357.63, for a total transaction of $695,947.98. Following the completion of the transaction, the executive vice president directly owned 3,941 shares in the company, valued at $1,409,419.83. The trade was a 33.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 4,963 shares of company stock valued at $1,748,845 over the last three months. 0.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on HD. Wells Fargo & Company lowered their price objective on Home Depot from $400.00 to $395.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 10th. UBS Group set a $430.00 price target on shares of Home Depot in a research note on Wednesday, December 10th. Robert W. Baird reduced their price objective on shares of Home Depot from $450.00 to $415.00 and set an “outperform” rating for the company in a research note on Wednesday, November 19th. Telsey Advisory Group dropped their target price on Home Depot from $430.00 to $410.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 10th. Finally, TD Cowen cut their price target on Home Depot from $470.00 to $410.00 and set a “buy” rating for the company in a report on Wednesday, November 19th. Twenty-one equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $403.17.

Get Our Latest Analysis on Home Depot

About Home Depot

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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