Phoenix Financial Ltd. Lowers Stake in The Home Depot, Inc. $HD

Phoenix Financial Ltd. decreased its position in The Home Depot, Inc. (NYSE:HD) by 10.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,742 shares of the home improvement retailer’s stock after selling 3,775 shares during the quarter. Phoenix Financial Ltd.’s holdings in Home Depot were worth $13,606,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Sagard Holdings Management Inc. purchased a new stake in shares of Home Depot in the 2nd quarter valued at $29,000. LFA Lugano Financial Advisors SA purchased a new position in Home Depot during the 2nd quarter valued at about $32,000. Dougherty Wealth Advisers LLC acquired a new position in Home Depot in the 3rd quarter valued at about $38,000. Marquette Asset Management LLC purchased a new stake in Home Depot during the third quarter worth about $38,000. Finally, Legacy Investment Solutions LLC purchased a new stake in Home Depot during the second quarter worth about $35,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on HD shares. Sanford C. Bernstein restated a “market perform” rating and issued a $362.00 price objective on shares of Home Depot in a report on Monday, November 24th. Gordon Haskett decreased their price target on shares of Home Depot from $345.00 to $330.00 and set a “hold” rating for the company in a research report on Wednesday, November 19th. JPMorgan Chase & Co. dropped their price target 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. Morgan Stanley increased their price objective on Home Depot from $395.00 to $412.00 and gave the company an “overweight” rating in a research note on Thursday, January 15th. Finally, Daiwa Capital Markets boosted their target price on Home Depot from $348.00 to $360.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 16th. Twenty-one research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and a consensus target price of $404.50.

Home Depot Stock Performance

NYSE:HD opened at $386.63 on Tuesday. The firm has a market capitalization 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 business’s fifty day moving average price is $356.59 and its 200 day moving average price is $378.67. 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 12 month low of $326.31 and a 12 month high of $426.75.

Home Depot (NYSE:HD) last announced its quarterly earnings results 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). 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%.The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period last year, the firm earned $3.78 earnings per share. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. On average, sell-side analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

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

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 2,872 shares of the stock in a transaction that occurred on Friday, December 26th. The shares were sold at an average price of $348.52, for a total value of $1,000,949.44. Following the transaction, the executive vice president directly owned 13,196 shares in the company, valued at $4,599,069.92. This represents a 17.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Angie Brown sold 1,946 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president owned 3,941 shares of the company’s stock, valued at $1,409,419.83. This represents a 33.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 4,963 shares of company stock worth $1,748,845 over the last three months. Insiders own 0.10% of the company’s stock.

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.