Capital Asset Advisory Services LLC Acquires 3,853 Shares of The Home Depot, Inc. $HD

Capital Asset Advisory Services LLC boosted its holdings in The Home Depot, Inc. (NYSE:HD) by 19.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 23,604 shares of the home improvement retailer’s stock after acquiring an additional 3,853 shares during the quarter. Capital Asset Advisory Services LLC’s holdings in Home Depot were worth $9,564,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in HD. Legend Financial Advisors Inc. bought a new position in shares of Home Depot in the second quarter valued at approximately $28,000. Sagard Holdings Management Inc. purchased a new stake in Home Depot in the 2nd quarter valued at $29,000. LFA Lugano Financial Advisors SA bought a new position in Home Depot during the 2nd quarter valued at $32,000. Legacy Investment Solutions LLC bought a new position in Home Depot during the 2nd quarter valued at $35,000. Finally, Delos Wealth Advisors LLC purchased a new position in Home Depot during the 2nd quarter worth $39,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Daiwa Capital Markets dropped their price target on shares of Home Depot from $399.00 to $348.00 and set a “neutral” rating on the stock in a research report on Monday, November 24th. Guggenheim dropped their target price on shares of Home Depot from $450.00 to $400.00 and set a “buy” rating on the stock in a research report on Thursday, November 20th. 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. Oppenheimer decreased their price target on Home Depot from $420.00 to $405.00 and set a “market perform” rating for the company in a research report on Friday, December 5th. Finally, JPMorgan Chase & Co. dropped their price target on Home Depot from $444.00 to $423.00 and set an “overweight” rating on the stock in a report on Wednesday, November 19th. Twenty-one equities 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $401.17.

Insider Transactions at Home Depot

In other news, EVP Ann Marie Campbell sold 145 shares of Home Depot stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $358.26, for a total value of $51,947.70. Following the completion of the transaction, the executive vice president owned 12,320 shares in the company, 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 Securities & Exchange Commission, which is available at the SEC website. Also, EVP Angie Brown sold 1,946 shares of the business’s 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 completion of the sale, the executive vice president directly owned 3,941 shares in the company, valued at approximately $1,409,419.83. This trade represents a 33.06% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.10% of the stock is owned by company insiders.

Home Depot Trading Down 0.7%

NYSE:HD opened at $357.18 on Tuesday. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $426.75. 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 firm’s 50 day moving average is $367.69 and its 200 day moving average is $379.30. The stock has a market capitalization of $355.58 billion, a PE ratio of 24.35, a price-to-earnings-growth ratio of 13.40 and a beta of 1.06.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.09). The firm 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 business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the business earned $3.78 earnings per share. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. Sell-side analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

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

About Home Depot

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.