BlueChip Wealth Advisors LLC Buys 10,016 Shares of The Home Depot, Inc. $HD

BlueChip Wealth Advisors LLC lifted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 215.7% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 14,659 shares of the home improvement retailer’s stock after buying an additional 10,016 shares during the period. Home Depot comprises about 2.5% of BlueChip Wealth Advisors LLC’s holdings, making the stock its 12th largest position. BlueChip Wealth Advisors LLC’s holdings in Home Depot were worth $5,940,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Sagard Holdings Management Inc. bought a new position in shares of Home Depot in the 2nd quarter worth approximately $29,000. LFA Lugano Financial Advisors SA bought a new stake in shares of Home Depot during the second quarter valued at approximately $32,000. Dougherty Wealth Advisers LLC purchased a new stake in Home Depot in the third quarter worth $38,000. AXS Investments LLC bought a new position in Home Depot in the third quarter worth $38,000. Finally, Marquette Asset Management LLC purchased a new position in Home Depot during the third quarter valued at $38,000. 70.86% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on HD shares. Wall Street Zen downgraded shares of Home Depot from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. Sanford C. Bernstein reissued a “market perform” rating and set a $362.00 price objective on shares of Home Depot in a research note on Monday, November 24th. Evercore cut their price objective on shares of Home Depot from $450.00 to $425.00 and set an “outperform” rating on the stock in a report on Wednesday, November 19th. Royal Bank Of Canada lowered their target price on shares of Home Depot from $376.00 to $366.00 and set a “sector perform” rating for the company in a report on Wednesday, December 10th. Finally, Gordon Haskett dropped their price target on Home Depot from $345.00 to $330.00 and set a “hold” rating on the stock in a research report on Wednesday, November 19th. Twenty-one equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $404.47.

Home Depot Stock Performance

HD stock opened at $389.19 on Wednesday. The stock’s 50 day simple moving average is $363.99 and its 200 day simple moving average is $379.73. 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. The stock has a market capitalization of $387.44 billion, a PE ratio of 26.53, a price-to-earnings-growth ratio of 13.60 and a beta of 1.08.

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 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 firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.78 EPS. 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 announced a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th were paid 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 currently 62.71%.

Insider Activity

In related news, EVP Angie Brown sold 1,946 shares of the stock in a transaction that occurred on 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 in the company, valued at $1,409,419.83. This represents a 33.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ann Marie Campbell sold 145 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president owned 12,320 shares in the company, valued at $4,413,763.20. This represents a 1.16% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 4,963 shares of company stock valued at $1,748,845 in the last 90 days. 0.10% of the stock is currently owned by insiders.

Home Depot Company 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.