Smartleaf Asset Management LLC Buys 3,803 Shares of The Home Depot, Inc. $HD

Smartleaf Asset Management LLC grew its position in The Home Depot, Inc. (NYSE:HD) by 37.1% during the third quarter, HoldingsChannel reports. The firm owned 14,065 shares of the home improvement retailer’s stock after buying an additional 3,803 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Home Depot were worth $5,722,000 as of its most recent filing with the Securities & Exchange Commission.

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

Home Depot Stock Performance

NYSE HD opened at $385.01 on Friday. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $426.75. The company has a quick ratio of 0.29, a current ratio of 1.05 and a debt-to-equity ratio of 3.82. The stock has a market cap of $383.28 billion, a P/E ratio of 26.24, a PEG ratio of 13.75 and a beta of 1.08. The company’s 50-day simple moving average is $362.81 and its 200 day simple moving average is $379.56.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $41.06 billion. During the same period in the previous year, the firm posted $3.78 earnings per share. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. As a group, research analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on HD shares. UBS Group set a $430.00 target price on shares of Home Depot in a research report on Wednesday, December 10th. The Goldman Sachs Group restated a “buy” rating and set a $413.00 price objective on shares of Home Depot in a report on Wednesday, December 10th. Piper Sandler reduced their target price on shares of Home Depot from $450.00 to $441.00 and set an “overweight” rating for the company in a research note on Wednesday, December 10th. JPMorgan Chase & Co. decreased their target price on Home Depot from $444.00 to $423.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 19th. Finally, Robert W. Baird cut their price target on Home Depot from $450.00 to $415.00 and set an “outperform” rating for the company in a report on Wednesday, November 19th. Twenty-one investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $404.47.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Ann Marie Campbell sold 145 shares of the stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $358.26, for a total transaction of $51,947.70. Following the completion of the transaction, the executive vice president directly owned 12,320 shares in the company, valued at $4,413,763.20. This represents a 1.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Teresa Wynn Roseborough sold 2,872 shares of Home Depot 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 transaction, the executive vice president directly owned 13,196 shares of the company’s stock, valued at approximately $4,599,069.92. The trade was a 17.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 4,963 shares of company stock worth $1,748,845 over the last three months. Company 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.