Hudson Value Partners LLC Lowers Stake in The Home Depot, Inc. $HD

Hudson Value Partners LLC cut its stake in The Home Depot, Inc. (NYSE:HD) by 40.3% in the 3rd quarter, Holdings Channel reports. The fund owned 3,305 shares of the home improvement retailer’s stock after selling 2,230 shares during the quarter. Hudson Value Partners LLC’s holdings in Home Depot were worth $1,339,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Legend Financial Advisors Inc. bought a new position in Home Depot during the second quarter valued at approximately $28,000. Sagard Holdings Management Inc. bought a new position in shares of Home Depot during the 2nd quarter valued at $29,000. LFA Lugano Financial Advisors SA purchased a new position in Home Depot in the 2nd quarter worth $32,000. Legacy Investment Solutions LLC bought a new stake in Home Depot in the second quarter worth $35,000. Finally, Dougherty Wealth Advisers LLC bought a new stake in Home Depot in the third quarter worth $38,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Price Performance

HD opened at $380.84 on Friday. The company has a debt-to-equity ratio of 3.82, a quick ratio of 0.29 and a current ratio of 1.05. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $426.75. The stock has a market capitalization of $379.13 billion, a PE ratio of 25.96, a price-to-earnings-growth ratio of 14.33 and a beta of 1.08. The stock’s 50 day moving average price is $355.59 and its 200-day moving average price is $378.34.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 EPS for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.09). The business had revenue of $41.35 billion during 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 business’s revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the business earned $3.78 EPS. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. On average, equities research analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The business also recently announced 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 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Thursday, December 4th. Home Depot’s dividend payout ratio (DPR) is currently 62.71%.

Insider Activity

In other Home Depot news, EVP Angie Brown sold 1,946 shares of the firm’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $357.63, for a total value of $695,947.98. Following the completion of the sale, the executive vice president directly owned 3,941 shares in the company, valued at $1,409,419.83. This trade represents a 33.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, 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 value of $51,947.70. Following the sale, the executive vice president directly owned 12,320 shares in the company, valued at approximately $4,413,763.20. The trade was a 1.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 4,963 shares of company stock valued at $1,748,845. Corporate insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Wolfe Research lifted their price objective on Home Depot from $414.00 to $415.00 and gave the stock an “outperform” rating in a report on Monday, December 22nd. Daiwa Capital Markets raised their price target on Home Depot from $348.00 to $360.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 16th. Argus lowered their price objective on Home Depot from $450.00 to $425.00 and set a “buy” rating for the company in a research report on Thursday, November 20th. The Goldman Sachs Group reissued a “buy” rating and set a $413.00 price objective on shares of Home Depot in a research note on Wednesday, December 10th. Finally, Royal Bank Of Canada decreased their target price on shares of Home Depot from $376.00 to $366.00 and set a “sector perform” rating on the stock in a research note on Wednesday, December 10th. Twenty-one analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and a consensus target price of $404.50.

About Home Depot

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.