Tradewinds LLC. Makes New $821,000 Investment in The Home Depot, Inc. $HD

Tradewinds LLC. bought a new position in The Home Depot, Inc. (NYSE:HD) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,027 shares of the home improvement retailer’s stock, valued at approximately $821,000.

Several other large investors have also recently modified their holdings of the stock. Legend Financial Advisors Inc. purchased a new stake in shares of Home Depot during the second quarter valued at approximately $28,000. Sagard Holdings Management Inc. purchased a new stake in Home Depot during the 2nd quarter valued at $29,000. LFA Lugano Financial Advisors SA bought a new stake in shares of Home Depot in the 2nd quarter worth $32,000. Legacy Investment Solutions LLC purchased a new position in shares of Home Depot in the second quarter worth $35,000. Finally, Dougherty Wealth Advisers LLC bought a new position in shares of Home Depot during the third quarter valued at $38,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on HD. UBS Group set a $430.00 price objective on Home Depot in a report on Wednesday, December 10th. Stifel Nicolaus reduced their price target on shares of Home Depot from $370.00 to $350.00 and set a “hold” rating for the company in a research note on Monday, December 1st. Weiss Ratings restated a “hold (c+)” rating on shares of Home Depot in a research report on Monday, December 29th. The Goldman Sachs Group reissued a “buy” rating and set a $413.00 price target on shares of Home Depot in a report on Wednesday, December 10th. Finally, Morgan Stanley lifted their price objective on Home Depot from $395.00 to $412.00 and gave the stock an “overweight” rating in a report on Thursday. Twenty-one research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus price target of $403.17.

Home Depot Trading Up 0.3%

Shares of HD stock opened at $380.34 on Monday. 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 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 Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $426.75. The firm has a fifty day moving average price of $354.83 and a 200-day moving average price of $378.18.

Home Depot (NYSE:HD) last released its earnings results 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 net margin of 8.77% and a return on equity of 160.74%. The company had revenue of $41.35 billion for the quarter, compared to analysts’ expectations of $41.06 billion. During the same quarter last year, the firm posted $3.78 earnings per share. Home Depot’s revenue for the quarter was up 2.8% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. As a group, equities analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

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

Insiders Place Their Bets

In other news, EVP Teresa Wynn Roseborough sold 2,872 shares of the stock in a transaction 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 completion of the sale, the executive vice president directly owned 13,196 shares of the company’s stock, 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 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 sale, the executive vice president 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 disclosure for this sale is available in the SEC filing. Insiders sold a total of 4,963 shares of company stock worth $1,748,845 over the last three months. 0.10% of the stock is currently owned by company 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.