Longbow Finance SA Trims Stake in The Home Depot, Inc. $HD

Longbow Finance SA lessened its position in The Home Depot, Inc. (NYSE:HD) by 49.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,180 shares of the home improvement retailer’s stock after selling 12,037 shares during the quarter. Longbow Finance SA’s holdings in Home Depot were worth $4,935,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of HD. WealthPlan Investment Management LLC bought a new position in Home Depot during the 2nd quarter valued at about $1,149,000. Silphium Asset Management Ltd grew its position in Home Depot by 77.2% in the 3rd quarter. Silphium Asset Management Ltd now owns 13,544 shares of the home improvement retailer’s stock worth $5,488,000 after purchasing an additional 5,900 shares during the period. West Family Investments Inc. raised its stake in Home Depot by 65.6% during the 2nd quarter. West Family Investments Inc. now owns 3,630 shares of the home improvement retailer’s stock valued at $1,331,000 after buying an additional 1,438 shares during the last quarter. Truist Financial Corp boosted its stake in shares of Home Depot by 0.3% in the 3rd quarter. Truist Financial Corp now owns 1,095,113 shares of the home improvement retailer’s stock worth $443,729,000 after buying an additional 3,608 shares during the last quarter. Finally, Asset Management One Co. Ltd. grew its holdings in shares of Home Depot by 2.3% in the third quarter. Asset Management One Co. Ltd. now owns 534,564 shares of the home improvement retailer’s stock worth $216,600,000 after acquiring an additional 12,239 shares during the period. Institutional investors own 70.86% of the company’s stock.

Home Depot News Roundup

Here are the key news stories impacting Home Depot this week:

• Positive Sentiment: Zacks upgraded HD from “strong sell” to “hold,” which reduces near-term sell-side pressure and can support the share price or stabilize sentiment. Zacks Upgrade
• Positive Sentiment: Options traders and retail-focused writeups (Investors Business Daily) are highlighting bullish option strategies as HD approaches a technical breakout — a sign of growing short-term bullish positioning that can amplify upside if earnings/consensus catalysts follow through. As Home Depot Stock Nears Breakout, Here’s A Bullish Option Play
• Neutral Sentiment: Investor letters and narrative pieces (Carillon Tower/InsiderMonkey, Yahoo finance coverage) are re-evaluating whether to hold HD within diversified portfolios after 2025 market moves; these are broad context pieces that rarely move the stock by themselves. Should You Hold The Home Depot (HD)?
• Neutral Sentiment: Analyst roundups (The Globe and Mail) offering sector comparisons and model updates provide background on consensus expectations but contain no single major revision. Analysts Offer Insights on Consumer Cyclical Companies
• Negative Sentiment: Gordon Haskett raised its price target to $370 from $330 but kept a “hold” rating — the new $370 PT still implies downside versus the current share level, which can be interpreted as limited upside from here and may weigh on momentum. Gordon Haskett Adjusts Price Target on Home Depot TickerReport
• Negative Sentiment: Reuters reports that Brad Jacobs’ QXO is buying Kodiak for ~$2.25B to build a larger building-products distributor aimed at Home Depot and Lowe’s — increased distribution consolidation and a more aggressive pro-channel competitor could pressure Home Depot’s pro-sales growth and margins over time. Jacobs’ QXO to buy Kodiak

Insider Activity

In other news, EVP Ann Marie Campbell sold 145 shares of Home Depot stock in a transaction dated Thursday, December 11th. The stock was 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 of the company’s stock, valued at approximately $4,413,763.20. The trade was a 1.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 value of $695,947.98. Following the transaction, the executive vice president directly owned 3,941 shares of the company’s stock, valued at approximately $1,409,419.83. The trade was a 33.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 4,963 shares of company stock worth $1,748,845 over the last 90 days. Corporate insiders own 0.10% of the company’s stock.

Home Depot Stock Performance

NYSE HD opened at $390.13 on Friday. 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 Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $426.75. The business has a 50-day moving average price of $365.43 and a 200-day moving average price of $379.88. The firm has a market cap of $388.38 billion, a price-to-earnings ratio of 26.59, a price-to-earnings-growth ratio of 13.95 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). Home Depot had a return on equity of 160.74% and a net margin of 8.77%.The business had revenue of $41.35 billion during the quarter, compared to the consensus estimate of $41.06 billion. During the same quarter in the previous year, the company earned $3.78 earnings per share. The company’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, equities research analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently disclosed 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 dividend yield of 2.4%. The ex-dividend date of this dividend was Thursday, December 4th. Home Depot’s dividend payout ratio is 62.71%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on HD shares. JPMorgan Chase & Co. cut their price target on Home Depot from $444.00 to $423.00 and set an “overweight” rating for the company in a research note on Wednesday, November 19th. Guggenheim dropped their price target on shares of Home Depot from $450.00 to $400.00 and set a “buy” rating on the stock in a research note on Thursday, November 20th. KGI Securities lowered Home Depot from an “outperform” rating to a “hold” rating and set a $320.00 price objective for the company. in a research note on Wednesday, November 19th. Morgan Stanley lifted their target price on Home Depot from $395.00 to $412.00 and gave the company an “overweight” rating in a research report on Thursday, January 15th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $413.00 price target on shares of Home Depot in a research report on Wednesday, December 10th. Twenty-one equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and a consensus price target of $407.23.

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.