NWF Advisory Services Inc. Has $2.98 Million Stake in The Home Depot, Inc. $HD

NWF Advisory Services Inc. lifted its stake in The Home Depot, Inc. (NYSE:HD) by 105.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,345 shares of the home improvement retailer’s stock after purchasing an additional 3,770 shares during the period. NWF Advisory Services Inc.’s holdings in Home Depot were worth $2,976,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of HD. Sagard Holdings Management Inc. bought a new position in Home Depot in the second quarter valued at about $29,000. LFA Lugano Financial Advisors SA acquired a new stake in shares of Home Depot during the 2nd quarter worth approximately $32,000. Dougherty Wealth Advisers LLC bought a new stake in shares of Home Depot during the third quarter worth approximately $38,000. Marquette Asset Management LLC acquired a new position in Home Depot in the third quarter valued at approximately $38,000. Finally, Legacy Investment Solutions LLC bought a new position in Home Depot in the second quarter valued at approximately $35,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Citigroup decreased their price objective on Home Depot from $422.00 to $407.00 and set a “buy” rating for the company in a research note on Friday, November 21st. UBS Group set a $430.00 price target on Home Depot in a research note on Wednesday, December 10th. Piper Sandler reduced their price objective on shares of Home Depot from $450.00 to $441.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 10th. JPMorgan Chase & Co. lowered their target price on shares of Home Depot from $444.00 to $423.00 and set an “overweight” rating for the company in a research note on Wednesday, November 19th. Finally, Wells Fargo & Company reduced their price target on shares of Home Depot from $400.00 to $395.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 10th. Twenty-one research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and an average price target of $404.50.

Home Depot Price Performance

HD stock opened at $386.63 on Tuesday. The stock has a 50-day moving average price of $356.59 and a two-hundred day moving average price of $378.67. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $426.75. The stock has a market cap of $384.89 billion, a PE ratio of 26.36, a price-to-earnings-growth ratio of 14.30 and a beta of 1.08. The company has a current ratio of 1.05, a quick ratio of 0.29 and a debt-to-equity ratio of 3.82.

Home Depot (NYSE:HD) last posted its quarterly earnings data 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). Home Depot had a return on equity of 160.74% and a net margin of 8.77%.The firm had revenue of $41.35 billion for the quarter, compared to analyst estimates of $41.06 billion. During the same period in the prior year, the company earned $3.78 earnings per share. The firm’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. Equities analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

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

Insider Buying and Selling

In related news, EVP Ann Marie Campbell sold 145 shares of Home Depot stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $358.26, for a total value of $51,947.70. Following the sale, the executive vice president owned 12,320 shares of the company’s stock, valued at approximately $4,413,763.20. The trade was 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. Also, EVP Teresa Wynn Roseborough sold 2,872 shares of the company’s stock in a transaction on Friday, December 26th. The stock was sold at an average price of $348.52, for a total transaction of $1,000,949.44. Following the sale, the executive vice president directly owned 13,196 shares in the company, valued at $4,599,069.92. This trade represents a 17.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 4,963 shares of company stock worth $1,748,845. 0.10% of the stock is owned by insiders.

Home Depot 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.