KG&L Capital Management LLC Decreases Holdings in The Home Depot, Inc. $HD

KG&L Capital Management LLC decreased its holdings in The Home Depot, Inc. (NYSE:HD) by 38.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,176 shares of the home improvement retailer’s stock after selling 3,279 shares during the period. KG&L Capital Management LLC’s holdings in Home Depot were worth $2,097,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Legend Financial Advisors Inc. purchased a new position in shares of Home Depot in the 2nd quarter worth approximately $28,000. Sagard Holdings Management Inc. purchased a new stake in Home Depot during the 2nd quarter valued at $29,000. LFA Lugano Financial Advisors SA bought a new stake in Home Depot in the second quarter worth $32,000. Legacy Investment Solutions LLC purchased a new position in Home Depot during the second quarter worth $35,000. Finally, Dougherty Wealth Advisers LLC purchased a new position in Home Depot during the third quarter worth $38,000. 70.86% of the stock is owned by institutional investors.

Home Depot Price Performance

Shares of HD stock opened at $349.19 on Wednesday. The company has a market capitalization of $347.62 billion, a P/E ratio of 23.80, a P/E/G ratio of 12.82 and a beta of 1.08. The company’s 50-day simple moving average is $355.61 and its two-hundred day simple moving average is $377.84. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $426.75. The company has a debt-to-equity ratio of 3.82, a current ratio of 1.05 and a quick ratio of 0.29.

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 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 the consensus estimate of $41.06 billion. During the same period in the prior year, the firm posted $3.78 EPS. The business’s revenue was up 2.8% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. As a group, equities analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th were given a dividend of $2.30 per share. The ex-dividend date of this dividend was Thursday, December 4th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.6%. Home Depot’s dividend payout ratio is presently 62.71%.

Insider Transactions at Home Depot

In other Home Depot news, EVP Angie Brown sold 1,946 shares of the 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 directly owned 3,941 shares in the company, valued at $1,409,419.83. This represents a 33.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Teresa Wynn Roseborough sold 2,872 shares of the firm’s stock in a transaction dated Friday, December 26th. The shares were sold at an average price of $348.52, for a total transaction of $1,000,949.44. Following the transaction, the executive vice president directly owned 13,196 shares in the company, valued at $4,599,069.92. This trade represents a 17.87% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 4,963 shares of company stock valued at $1,748,845. 0.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

HD has been the topic of several recent analyst reports. Morgan Stanley reissued an “outperform” rating on shares of Home Depot in a research note on Wednesday, December 10th. KGI Securities downgraded shares of Home Depot from an “outperform” rating to a “hold” rating and set a $320.00 price target on the stock. in a report on Wednesday, November 19th. TD Cowen reduced their price objective on shares of Home Depot from $470.00 to $410.00 and set a “buy” rating on the stock in a research report on Wednesday, November 19th. Argus decreased their price objective on shares of Home Depot from $450.00 to $425.00 and set a “buy” rating for the company in a research note on Thursday, November 20th. Finally, DA Davidson cut their target price on Home Depot from $430.00 to $407.00 and set a “buy” rating on the stock in a research note on Wednesday, December 10th. Twenty-one investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and an average price target of $402.10.

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.