MCF Advisors LLC Buys 1,674 Shares of The Home Depot, Inc. $HD

MCF Advisors LLC boosted its position in The Home Depot, Inc. (NYSE:HD) by 23.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,938 shares of the home improvement retailer’s stock after buying an additional 1,674 shares during the quarter. MCF Advisors LLC’s holdings in Home Depot were worth $3,621,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. lifted its stake in shares of Home Depot by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 97,978,814 shares of the home improvement retailer’s stock worth $35,922,952,000 after buying an additional 1,494,615 shares during the last quarter. State Street Corp grew its stake in Home Depot by 0.7% in the 2nd quarter. State Street Corp now owns 46,015,836 shares of the home improvement retailer’s stock valued at $16,871,246,000 after buying an additional 300,352 shares during the last quarter. Geode Capital Management LLC raised its holdings in Home Depot by 1.4% in the 2nd quarter. Geode Capital Management LLC now owns 22,978,809 shares of the home improvement retailer’s stock valued at $8,394,611,000 after acquiring an additional 327,674 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Home Depot by 1.1% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 14,568,860 shares of the home improvement retailer’s stock valued at $5,341,724,000 after acquiring an additional 153,582 shares during the period. Finally, Norges Bank bought a new stake in shares of Home Depot during the second quarter worth approximately $4,885,603,000. Institutional investors own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Citigroup reduced their target price on shares of Home Depot from $422.00 to $407.00 and set a “buy” rating for the company in a research report on Friday, November 21st. Wall Street Zen lowered shares of Home Depot from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. Bank of America lowered their target price on shares of Home Depot from $450.00 to $430.00 and set a “buy” rating on the stock in a report on Wednesday, November 19th. DZ Bank reissued a “sell” rating on shares of Home Depot in a research report on Tuesday, November 18th. Finally, Wolfe Research lowered their price objective on Home Depot from $415.00 to $414.00 and set an “outperform” rating on the stock in a research note on Wednesday. Twenty-one equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $404.47.

Insider Activity at Home Depot

In related news, EVP Ann Marie Campbell sold 145 shares of the firm’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 transaction, the executive vice president directly owned 12,320 shares of the company’s stock, valued at $4,413,763.20. This trade represents a 1.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Teresa Wynn Roseborough sold 2,872 shares of the company’s stock in a transaction dated 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 completion of the sale, the executive vice president directly owned 13,196 shares of the company’s stock, valued at $4,599,069.92. The trade was a 17.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 4,963 shares of company stock valued at $1,748,845. 0.10% of the stock is owned by insiders.

Home Depot Stock Up 0.7%

Shares of HD opened at $385.01 on Friday. The company has a market capitalization of $383.28 billion, a PE ratio of 26.24, a PEG ratio of 13.75 and a beta of 1.08. The stock’s 50-day moving average price is $362.81 and its two-hundred day moving average price is $379.56. 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 Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $426.75.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 EPS for the quarter, missing the consensus estimate of $3.83 by ($0.09). The business had revenue of $41.35 billion for the quarter, compared to analyst estimates of $41.06 billion. Home Depot had a return on equity of 160.74% and a net margin of 8.77%.The company’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the prior year, the business earned $3.78 EPS. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. On average, analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

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

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.