Advisory Services Network LLC Reduces Holdings in The Home Depot, Inc. $HD

Advisory Services Network LLC reduced its position in The Home Depot, Inc. (NYSE:HD) by 7.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 57,428 shares of the home improvement retailer’s stock after selling 4,803 shares during the period. Advisory Services Network LLC’s holdings in Home Depot were worth $21,105,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC increased its position in Home Depot by 36.5% in the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock worth $10,471,000 after buying an additional 7,203 shares during the period. United Bank boosted its stake in Home Depot by 14.9% during the 1st quarter. United Bank now owns 5,023 shares of the home improvement retailer’s stock valued at $1,841,000 after purchasing an additional 653 shares in the last quarter. Cookson Peirce & Co. Inc. raised its position in Home Depot by 29.3% in the first quarter. Cookson Peirce & Co. Inc. now owns 719 shares of the home improvement retailer’s stock worth $264,000 after acquiring an additional 163 shares in the last quarter. Roanoke Asset Management Corp NY boosted its stake in shares of Home Depot by 1.9% during the 1st quarter. Roanoke Asset Management Corp NY now owns 26,575 shares of the home improvement retailer’s stock worth $9,740,000 after acquiring an additional 485 shares in the last quarter. Finally, Alliance Wealth Advisors LLC UT raised its holdings in Home Depot by 1.2% during the 1st quarter. Alliance Wealth Advisors LLC UT now owns 10,847 shares of the home improvement retailer’s stock worth $3,975,000 after buying an additional 128 shares during the period. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Up 0.6%

NYSE HD opened at $359.52 on Friday. The stock has a fifty day moving average of $368.34 and a 200-day moving average of $379.29. The company has a debt-to-equity ratio of 3.82, a quick ratio of 0.29 and a current ratio of 1.05. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $426.75. The stock has a market capitalization of $357.90 billion, a P/E ratio of 24.51, a price-to-earnings-growth ratio of 13.40 and a beta of 1.06.

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 analysts’ consensus estimates of $3.83 by ($0.09). The company had revenue of $41.35 billion during the quarter, compared to analyst estimates of $41.06 billion. Home Depot had a net margin of 8.77% and a return on equity of 160.74%. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period last year, the company earned $3.78 EPS. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. On average, equities research analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be paid a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Thursday, December 4th. Home Depot’s payout ratio is presently 62.71%.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. UBS Group set a $430.00 price objective on shares of Home Depot in a research report on Wednesday. DZ Bank restated a “sell” rating on shares of Home Depot in a research note on Tuesday, November 18th. Wall Street Zen lowered Home Depot from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. HSBC decreased their price target on shares of Home Depot from $445.00 to $400.00 and set a “hold” rating on the stock in a research report on Wednesday, November 19th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Home Depot in a report on Monday, December 8th. Twenty-one research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Home Depot has an average rating of “Moderate Buy” and a consensus price target of $401.17.

Insider Activity

In other news, EVP Ann Marie Campbell sold 145 shares of the firm’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $358.26, for a total transaction of $51,947.70. Following the sale, the executive vice president 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 SEC, which is available through this hyperlink. 0.10% of the stock is owned by company insiders.

Home Depot Company Profile

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.