J.W. Cole Advisors Inc. Cuts Stake in The Home Depot, Inc. $HD

J.W. Cole Advisors Inc. lessened its stake in The Home Depot, Inc. (NYSE:HD) by 4.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 66,368 shares of the home improvement retailer’s stock after selling 2,763 shares during the quarter. Home Depot makes up about 0.5% of J.W. Cole Advisors Inc.’s investment portfolio, making the stock its 27th largest position. J.W. Cole Advisors Inc.’s holdings in Home Depot were worth $26,891,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Brighton Jones LLC increased its holdings in shares of Home Depot by 36.5% in the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock worth $10,471,000 after purchasing an additional 7,203 shares during the last quarter. Sivia Capital Partners LLC grew its holdings in Home Depot by 7.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,598 shares of the home improvement retailer’s stock valued at $952,000 after buying an additional 173 shares in the last quarter. Grimes & Company Inc. raised its holdings in shares of Home Depot by 13.3% during the 2nd quarter. Grimes & Company Inc. now owns 7,453 shares of the home improvement retailer’s stock worth $2,733,000 after acquiring an additional 872 shares in the last quarter. Drake & Associates LLC raised its stake in Home Depot by 38.9% during the second quarter. Drake & Associates LLC now owns 1,821 shares of the home improvement retailer’s stock valued at $668,000 after purchasing an additional 510 shares in the last quarter. Finally, SteelPeak Wealth LLC increased its holdings in shares of Home Depot by 31.9% in the 2nd quarter. SteelPeak Wealth LLC now owns 28,065 shares of the home improvement retailer’s stock worth $10,290,000 after buying an additional 6,785 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Truist Financial set a $405.00 price target on shares of Home Depot in a report on Friday, January 16th. Citigroup lowered 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. HSBC dropped their target price on Home Depot from $445.00 to $400.00 and set a “hold” rating for the company in a report on Wednesday, November 19th. Argus decreased their price target on Home Depot from $450.00 to $425.00 and set a “buy” rating on the stock in a report on Thursday, November 20th. Finally, Robert W. Baird lowered their price target on Home Depot from $450.00 to $415.00 and set an “outperform” rating for the company in a research report on Wednesday, November 19th. Twenty-one equities 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 stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $404.50.

Insider Buying and Selling at Home Depot

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 transaction of $695,947.98. Following the transaction, the executive vice president owned 3,941 shares of the company’s stock, valued at approximately $1,409,419.83. This trade represents a 33.06% decrease in their position. The transaction 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 business’s stock in a transaction dated 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 owned 12,320 shares of the company’s stock, valued at approximately $4,413,763.20. This represents a 1.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 4,963 shares of company stock valued at $1,748,845. Company insiders own 0.10% of the company’s stock.

Home Depot Stock Up 0.8%

NYSE:HD opened at $380.97 on Wednesday. The company has a market cap of $379.26 billion, a price-to-earnings ratio of 25.97, a price-to-earnings-growth ratio of 13.50 and a beta of 1.08. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $426.75. The company has a current ratio of 1.05, a quick ratio of 0.29 and a debt-to-equity ratio of 3.82. The stock has a fifty day simple moving average of $361.11 and a 200-day simple moving average of $379.28.

Home Depot (NYSE:HD) last posted its quarterly 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). The company had revenue of $41.35 billion for the quarter, compared to the consensus estimate of $41.06 billion. Home Depot had a net margin of 8.77% and a return on equity of 160.74%. The business’s revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the firm posted $3.78 EPS. 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 year.

Home Depot Dividend Announcement

The firm also recently announced 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. This represents a $9.20 annualized dividend and a yield of 2.4%. The ex-dividend date was Thursday, December 4th. Home Depot’s dividend payout ratio is presently 62.71%.

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.